SATWAVES

Murray Arenson of Janco Partners to Discuss Sirius XM (SIRI)

By Brandon Matthews Don't start your Thanksgiving holiday just yet! In this week's edition of Satwaves Radio, Murray Arenson, Senior Research Analyst at Janco Partners will be calling in to discuss Sirius XM Radio (SIRI). On November 10th, 2009, Mr. Arenson issued an updated report on SIRI shares that announced the resumption of coverage by the firm with an ACCUMULATE rating and an .80 price target. Reasons cited in Mr. Arenson's report include growing cash flows, positive subscriber growt...

Janco Partners Resumes Coverage of Sirius XM Radio: Accumulate

By Brandon Matthews Murray Arenson of Janco Partners has resumed coverage of Sirius XM Radio (SIRI) with an ACCUMULATE rating and a price objective of .80. Stating a belief that Sirius XM has in fact turned away from a subscriber growth story to a cash flow growth story that stems from Sirius XM posting four consecutive quarters of positive adjusted EBITDA. Mr Arenson was also impressed with the statement from Sirius XM that .70 of every incremental dollar of revenue now falls to the botto...