SATWAVES

SIRI: Early March Auto Sales Indicate Big Increase To SAAR

By Brandon Matthews The anticipated recovery in the automotive sector may be underway. This is imperative for Sirius XM Radio (Nasdaq:SIRI), as worries over the projected Seasonally Adjusted Annual Rate (SAAR) halted an exceptional run last month over concerns of weakness in the sector. Most analyst projections assume a SAAR rate of between 10-11 million units. Edmunds.com is reporting that the first eight days of March have brought with it a surprising rise in the SAAR rate of U.S. auto s...

BGB Securities’ Murray Arenson Initiates Sirius XM (SIRI) Coverage With A Buy Rating

by Demian Russian BGB Securities Media Analyst, Murray Arenson initiated coverage of Sirius XM (NASDAQ:SIRI) today with a BUY rating and a $1.15 price target. In his report, Mr Arenson argues that Sirius XM "is now a solid cash flow growth story." He notes positive subscriber growth, an improving OEM sector, penetration into the pre-owned auto market, incremental revenue from royalty pass-throughs, cost-cutting merger related synergies and a "substantially improved" balance sheet. Arenson ...

Toyota Gas Pedal Problems Accelerate Sirius XM Sub Growth

By Brandon Matthews It began yesterday with news of a runaway Toyota (NYSE: TM) Prius on a California Highway. As this drama was playing out, Toyota executives were taking a page from the tobacco companies on Capital Hill, by claiming there was no evidence that any such thing had occurred. Subsequently, Sirius XM Radio (Nasdaq: SIRI) shares began to show strength. That strength was magnified today on news that another Toyota gas pedal had stuck, and caused a woman to crash into a stone wall. ...

Howard Stern Takes Up Sirius XM/WCS FCC Fiasco

By Brandon Matthews Satwaves is proud to announce that Sirius XM Radio's (Nasdaq:SIRI) Howard Stern has taken up the issue of the FCC's proposal to allow some wireless services to interfere with satellite radio broadcasts. Stern discussed the issue live on his show yesterday, quoting and reading directly from an article I wrote several days ago, titled "Will The FCC Interfere With Sirius XM Yet Again?." With a tone of disgust that should be expected of anyone now familiar with the deca...

Will The FCC Interfere With Sirius XM Yet Again?

By Brandon Matthews I really hate conspiracy theories, but you really have to question the motives of the FCC when it comes to Sirius XM Radio (Nasdaq: SIRI). It took the agency nearly 17 months to approve the merger of the two satellite radio providers, which nearly resulted in bankruptcy for the newly combined company. On March 4th, the FCC granted special temporary authority for Sirius to broadcast in Haiti for 30 days to assist in relief efforts, following the devastating earthquake which...