SATWAVES

Wunderlich Raises Liberty Capital Price Target Due to Sirius XM’s Strength

by Demian Russian Wunderlich Securities' Senior Media & Entertainment Analyst, Matthew Harrigan raised his price target on shares of Liberty Capital Group (NASDAQ: LCAPA) to $36.00 from $28.50 today, largely due to the recent strength of Sirius XM Radio (NASDAQ: SIRI). Liberty Capital holds a 40% stake in Sirius XM. In a research note issued today, Mr. Harrigan notes the recent upward move in shares of SIRI and argues that "LCAPA is likely lagging the SIRIUS price move off concern t...

Liberty CEO: Sirius XM To Be Very Profitable, NOL’s Will Be Consumed By Earnings

By Brandon Matthews Liberty Media (NASDAQ: LMDIA) President and CEO Greg Maffei presented at the Citi 20th Annual Global Entertainment, Media, and Telecommunications Conference Wednesday, January 6 from the Palace Hotel in San Francisco, California. In 2009, Liberty Capital (NASDAQ: LCAPA) took a 40% stake in Sirius XM Radio (NASDAQ: SIRI). Since the time of Liberty's investment into Sirius XM, many have speculated that the target of Liberty's acquisition were the $7 Billion in net operati...

TheStreet.com Misrepresents Sirius XM Yet Again

Will they never learn their lesson? In an article posted Friday afternoon, Scott Moritz of The Street Dot Com (TSCM) wrote an outright bash piece of Sirius XM (SIRI). I will refrain from posting a link to the article because it does not deserve the clicks. Here at Satwaves, Brandon Matthews has already posted many of the slam pieces that Mad Money "star" Jim Cramer has published. I was going to blow it off and let it be, but it really was just too much and needed to be responded to. As we all...

Sirius XM (SIRI) Turns The Corner To A Global Growth Story

By Steve Garcia At long last with the release of the SIRIUS XM iPHONE application, investors and fans of the service have been shown the future beyond automobile subscriptions. The truth far outweighs the negative sentiment we have seen portrayed and embellished time and again in the financial and mainstream media outlets. The application released by SIRIUS XM (SIRI) allows access to some of the most exclusive content on any iPHONE or iPOD touch. This basically eliminates the need for a SATRA...

Sirius XM And The Liberty Factor

By Steve Garcia After the Liberty investment in SIRIUS XM was announced, much of the focus in the media and among investors was on the interest rate of the loans, and the ownership interest which Liberty acquired in the company, which by the way turns out to be an undiluted 40% stake in the company, regardless any future potential dilution. A rather handsome acquisition, especially when combined with Liberty’s cash return on investment in SIRIUS XM. Not that these angles shouldn’t be covered…...