SATWAVES

BGB Securities’ Murray Arenson Weighs In On Sirius XM (SIRI)

by Demian Russian This week, on the heels of Sirius XM (NASDAQ:SIRI) issuing $800 million in new Senior Notes to refinance debt, BGB Securities Media Analyst, Murray Arenson has issued an updated equity report. Arenson initiated coverage of Sirius XM at BGB Securities just last week -- with a BUY rating and a $1.15 price target. In his initial report, he noted a rebounding OEM sector, penetration into the pre-owned auto market, royalty pass-throughs, merger related synergies and an improv...

SIRI Shares Seem “Stuck”

By Brandon Matthews Shares of Sirius XM Radio (Nasdaq: SIRI) have been behaving mysteriously. Several weeks ago, I issued a point & figure technical alert on a potential bullish catapult that was beginning to form. Three weeks later, this bullish catapult is still developing as volume has deteriorated over this time frame. In 2009, SIRI investors have become a accustomed to a typically volatile equity, that has enabled day traders to profit handsomely from small price moves that have r...

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...