SATWAVES

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 ...

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...

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...