SATWAVES

Sirius XM Radio’s Five Year Plan

By Brandon Matthews There have been a few statements recently in Satellite Radio circles that have peaked my interest. The first came during Sirius XM Radio's (Nasdaq:SIRI) fourth quarter earnings call held two weeks ago, in which Sirius XM CEO Mel Karmazin informed analysts that the used car market will be the new retail market going forward. Still another tidbit of information came again from Karmazin in a letter published last week, which includes a statement that there will be 90 milli...

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 ...

Sirius XM Auto Numbers: They’re Real, And They’re Spectacular!

By Brandon Matthews The February 2010 auto sales results are in, and if  ''old man winter" slowed auto sales down as reported, it is going to be a great year for Sirius XM Radio (Nasdaq: SIRI). Not only have light vehicle sales surpassed the record lows of last year at this time, there has been a significant sales shift in favor of Sirius XM's most important OEM partners. As we reported previously, Sirius XM has deals with every auto manufacturer, yet there are simply some deals that are more...

Preliminary Auto Data Looks Extremely Positive For Sirius XM

By Brandon Matthews The auto sales results for the month of February are starting to roll in, and despite concerns over weather, the numbers appear to be overwhelmingly positive for Sirius XM Radio (Nasdaq: SIRI). Ford (NYSE:F) reported U.S. light-vehicle sales of 142,285 last month, compared with 99,050 a year earlier. As we had outlined previously, Ford is one of Sirius XM's most important strategic partners when compared to other manufacturers such as Toyota (NYSE: TM). Not only did For...