SATWAVES

Sirius XM Radio’s Five Year Plan

By Brandon Matthews There have been a few statements recently in Satellite Radio circles that have peaked my interest. The first came during Sirius XM Radio's (Nasdaq:SIRI) fourth quarter earnings call held two weeks ago, in which Sirius XM CEO Mel Karmazin informed analysts that the used car market will be the new retail market going forward. Still another tidbit of information came again from Karmazin in a letter published last week, which includes a statement that there will be 90 milli...

Sirius XM Knocks Down Its 2013 Debt Tower

By Brandon Matthews As we recently speculated, Sirius XM Radio (NASDAQ: SIRI) announced today that it will call $500 million of its 9 5/8% notes due 2013. The company intends to offer $550 million of Senior Notes due 2015 and will use the net proceeds to redeem all of the Company's 9 5/8% Senior Notes due 2013. The interest rate is not yet known, but is expected to be lower given recent improvements to Sirius XM's credit ratings by Standard & Poor's and Moody's. This will have a positive ...

Voice Your Opinion To The FCC Regarding Sirius XM

By David "Newman" Phillips As stated on this weeks Satwaves Radio Show, I stated that I would publish my official response to the FCC regarding the Sirius XM (SIRI) vs WCS Coalition proposals. If anyone does not know what I am talking about, feel free to head over to the FCC website and look at what is going on, and then read my cowriter Brandon Matthew's posts from this week. Anyone who is a serious investor in Sirius XM, or even a devoted fan to the service, needs to take note of what is go...

SIRI: Early March Auto Sales Indicate Big Increase To SAAR

By Brandon Matthews The anticipated recovery in the automotive sector may be underway. This is imperative for Sirius XM Radio (Nasdaq:SIRI), as worries over the projected Seasonally Adjusted Annual Rate (SAAR) halted an exceptional run last month over concerns of weakness in the sector. Most analyst projections assume a SAAR rate of between 10-11 million units. Edmunds.com is reporting that the first eight days of March have brought with it a surprising rise in the SAAR rate of U.S. auto s...

Toyota Gas Pedal Problems Accelerate Sirius XM Sub Growth

By Brandon Matthews It began yesterday with news of a runaway Toyota (NYSE: TM) Prius on a California Highway. As this drama was playing out, Toyota executives were taking a page from the tobacco companies on Capital Hill, by claiming there was no evidence that any such thing had occurred. Subsequently, Sirius XM Radio (Nasdaq: SIRI) shares began to show strength. That strength was magnified today on news that another Toyota gas pedal had stuck, and caused a woman to crash into a stone wall. ...