SATWAVES

Bank of America/Merrill Lynch Initiates Sirius XM Bonds As Overweight

By Brandon Matthews Just before the holiday season took hold, Bank of America/Merrill Lynch (NYSE: BAC) initiated coverage of Sirius XM Radio (NASDAQ: SIRI) bonds with an overweight rating, as reported by our friends at Benzinga.com. The report was issued on December 23, 2009 and should come as no surprise given the recent notice issued by Standard & Poors, which promises a Sirius XM Radio credit upgrade in the not too distant future. The report itself offers an exceptionally bullish o...

The Next Great SIRI Crisis & A Few Forgotten Facts

By Whitney a.k.a. "The Duke" If you read the financial writers or analysts, SIRI is like some drunken sailor lurching from one crisis to another. Solve one crisis and another one immediately pops up. Sixteen months ago, people were counting down the days until SIRI got a delisting notice. Then the NAZ suspended the delisting rules. Twelve months ago, we were reading that BK was coming on Feb. 15th because SIRI could not pay its bonds due on that date. Enter John Malone and no BK. The BK argu...

Sirius XM Radio And The Importance Of Positive EBITDA

By Brandon Matthews For most of the past year, investors in Sirius XM Radio (SIRI) have been forced to become a bit more sophisticated. Until recently, Sirius XM was truly a speculative stock play. Battle lines were drawn between people who bought shares of the company out of a belief in the product and self proclaimed experts with no belief in the company's long term viability. Satellite Radio has existed for years with its believers having one goal in mind. The goal that cash flow break-eve...

Will Sirius XM Capitalize on Muzak Bankruptcy?

By Brandon Matthews When it comes to Sirius XM Radio (SIRI), many of the company's followers fall victim to tunnel-vision. My friend Rick M. of the Motley Fool for example used a comparison to Direct TV (DTV) in attempting to put a fair value on shares of the Satellite Radio provider. Although I agree with current valuation being fair at approximately $1.25 to $1.50, which is higher by far than the current price per share of .67, the longer term prospects are debatable. While a comparison of S...

What Are Sirius XM Radio Shares Really Worth?

By Brandon Matthews On any given day, there are dozens of professional stock "bashers" trolling the stock message boards and posting erroneous information on Sirius XM Radio (SIRI). Perhaps that is where Jim Cramer, CNBC and the multitude of biased financial media get their information, so with that in mind I set out to dispel some of the myths surrounding the company, by explaining the reality of things like revenue, debt and EBITDA growth. Our first myth involves Sirius XM debt and the b...