Barrington Raises Sirius XM Price Target on Q3 Report 79 comments
an article to
-
Font Size:
-
Print
- TweetThis
By Brandon Matthews
In a report issued Monday by Barrington Research Associates, Senior Investment Analyst Jim Goss maintained his OUTPERFORM rating on Sirius XM Radio (SIRI) while upgrading his 2010 and 2011 price targets following the company’s third quarter earnings report.
Mr. Goss raised estimates on better than expected revenue and improving metrics going forward, such as improving subscriber numbers due in part to the cash for clunkers program, increased ARPU and continued cost consolidation. Increased EBITDA projections and faster implementation of the royalty recovery fee were the main drivers of his raised 2010 base target price to 1.25 and his 2011 base target price to 1.50.
Barrington Research Associates provides information intended for institutional investment firms. As such, the suitability of any analysis should not be taken as a recommendation to buy or sell shares of Sirius XM Radio on an individual basis. Investors should seek the advice of a professional before acting on any recommendation, to determine the suitability of a particular investment for their own individual needs.
Position: Long SIRI
Related Articles
|
-
The Seeking Alpha 100
See allThe top 100 stock
market authors
selected for publication in the last week
Seeking Alpha 100 » -
Fastest Climbers
Those with the largestSee all
increase in followers
in the last week
Fastest Climbers » -
Top Commenters
Top commenters,
as ranked by their peers-
1
User 353732
-
2
Moon Kil Woong
-
3
doubleguns
-
4
optionsgirl
-
5
Mayascribe
Top Commenters » -
1
-
Top Instabloggers
The 100 most activeSee all
Instabloggers.
Top Instabloggers » -
Top StockTalkers
TopSee all
StockTalkers.
Top StockTalkers »
On Nov 11 06:20 AM JOBOCOP wrote:
> Good news. Now watch MF and The Street start bashing with 10 more
> bad articles. Maybe we can get some upward movement today!!
On Nov 11 06:20 AM JOBOCOP wrote:
> Good news. Now watch MF and The Street start bashing with 10 more
> bad articles. Maybe we can get some upward movement today!!
Siri should do the same....They need to make a stand on their product then maybe the stock wont be shorted as much. A salute to all the veterans out there who protect and serve.
As the old saying goes: "The race does not always go to the swift and the strong - but that is the way to bet!"
siri long!!!!
On Nov 11 08:18 AM Neal Barkett wrote:
> R.M.@ Motley Fool has been changing his tune about Sirius Xm. He
> seems to be seeing the positive light by coming out w/ a more positive
> outlook recently. He may becoming a believer. He definitely is a
> WITNESS to all the positives coming out of the reports coming from
> within Sirius Xm. His blinders must be slipping off his face. He
> has said that he thinks Sirius Xm is poised to be one of the big
> winners when the economy turns around. If he's coming over to the
> Sirius Xm side I would like to welcome him aboard!
Is it based on the projection of auto sale conversion growth? Is that a guaranteed rise in the number of subs? Is it possible consumers might not go that way? Is the investor guaranteed there will be sub growth and listner's will want the talent on SIR? Sure there are technical plays but will institutional investors buy based on the technicals? What is the fundamental that makes this a solid and not a very speculative buy? What is also on the horizon is a r/s, 40% leverage to Liberty, debt, and always a possible change in what the fickle consumer will want? They may go to smartphones or change what talent they want to hear. So explain what is the fundamental reason SIRI is now a solid good buy for the investor?
You had two healthy satellite companies fighting over who was going to save SIRIXM from bankruptcy. Liberty and Dish. I'll bet they weren't fighting over a worthless out of date company in a very competitive market. They wanted the inside track to buy a company at a great price.
On the stockholders side you have a ruthless, ego driven negotiator Mel. He will no let this company go for peanuts but also understands it can only thrive with deep pockets behind it. He knows that SIRIXM has value. And again they aren't not competing with smart phone, I have no idea how you draw that conclusion. SiriXM is like have cable in your home but it is in your car. It offers superior programming. Yes it is tied (For now) to the auto industry and yes it made its way through like Ford did, but happened to sign contracts to offer their product in new and used cars, strengthening the position of having the radio installed as a non-upgrade item. Autos will all come with SIRIXM access whether they are luxury or low end. And with the deep pockets of Liberty i believe a mobile SIRIXM radio will eventually be released.
Its obvious Liberty is taking current steps to get ready for some M&A action by consolidating "simplifying their corporate structure.
Finally, and I don't mean this as an insult but you must be too young to remember TV without cable. For us who do remember noone wanted to pay for TV until you got a taste of it over a neighbor's house. Then you were sold quickly on the idea. So when regular every day Joes buy a $15M auto and get a free 3 month sub to SiriXM, I'm betting they make the simple phone call to sign up.
On Nov 11 10:26 AM dayworker wrote:
> What is he basis for investing in SIRI that will drive the p/s higher.
>
> Is it based on the projection of auto sale conversion growth? Is
> that a guaranteed rise in the number of subs? Is it possible consumers
> might not go that way? Is the investor guaranteed there will be sub
> growth and listner's will want the talent on SIR? Sure there are
> technical plays but will institutional investors buy based on the
> technicals? What is the fundamental that makes this a solid and not
> a very speculative buy? What is also on the horizon is a r/s, 40%
> leverage to Liberty, debt, and always a possible change in what the
> fickle consumer will want? They may go to smartphones or change what
> talent they want to hear. So explain what is the fundamental reason
> SIRI is now a solid good buy for the investor?
This was my point over and over again weeks ago that I received thumbs down. Its embarrassing to those who follow this blog.
In fact as others may remember I had to provide you with the correct definition of high speed trading.
I don't understand how others can't see through your obvious attempts of "going where the wind" brings you mentality.
Stop commiting plagiarism of other commentators thoughts as your own.
cash and debt restructuring will make SIRI more profitable and then the p/s will rise based on each quarters rise in profit. Therefore, an investor should count on the auto sub growth as money in the bank and not worry it won't happen. I'm just trying to get a perspective on what the investor can see as to why a buy is a solid investment. It's basically a confirmation that there will be subs growth for sure. There is no speculation. As far as recovery, we know for sure that the consumer will spend money on sat rad instead of smartphones. They will have that much money to spread around.
I am so glad I cancelled all my accounts with the street.com and will try to get everybody to do the same. Hopefully one day I can make a toast when they go into bankruptcy.
LONG LIVE SIRI !!!
You are dismissed, Pell - Have a good day. Conversation is over.
On Nov 11 11:18 AM Pell wrote:
> And RAF stop trying to pawn off your thoughts in high speed trading
> as a form of manipulation when you previously stated the opposite
> by stating it only affected the volume and did not effect the stock
> price.
>
> This was my point over and over again weeks ago that I received thumbs
> down. Its embarrassing to those who follow this blog.
>
> In fact as others may remember I had to provide you with the correct
> definition of high speed trading.
>
> I don't understand how others can't see through your obvious attempts
> of "going where the wind" brings you mentality.
>
> Stop commiting plagiarism of other commentators thoughts as your
> own.
With your logic why have a TV if you can download applications on smartphones to watch your preferred programing like sports. Why have a computer in you home if you can get internet access from a smartphone. Why use an IPOD? In fact why even have a radio in your car at all? There is no comparison.
The only flaw in SIRIXM DOES NOT HAVING A CARRY (MOBILE) PRODUCT YET. And I believe that technology will eventually come about. There are satellite phones, right? Its just a matter of time. In fact in speaking with some SIRIXM fence sitters that is their only issue. SIRI should be entering the smartphone era as A SIRIXM PRODUCT, not a piggy back product. But as previously stated that R&D takes money and Liberty might be the one to supply it.
On Nov 11 11:36 AM between the hedges_ wrote:
> Good news from FED EX. Retail shipping UP UP UP. So good that 2010
> rates going UP UP UP. Looks like consumer may be coming back. Likely
> story as 401ks are almost back to where they were. Good news for
> Sirius, especially for Sky Dock sales. Would not want to be short
> especially with Tuna Amobi discussing the stock tonight!
Semper Fi! and Happy Birthday to all my brothers!
On Nov 11 11:56 AM between the hedges_ wrote:
> Hooah RAF. Private Pell: Shut your freakin suck hole for a while;
> RAF is not your dentist. If you freakin just read and listen for
> a while, you will get some high speed low drag trading training.
> You are clearly a butter bar or a mere private when it comes to understanding
> business and trading. Tuck your freakin chin in, roll your shoulders
> back and brace knob. Keep your eyeballs off us, are you queer for
> our steer? :-) Pell, seriously though, think about things
> before you email them. You have a decent thought on merger with
> Direct TV. You need to get me the research on the poison pill however.
> Also, please no more talk on reverse split. It is approved and will
> only be used by Mel if 1. he doesn't get a waiver due to market
> cap, 2. stock is below $1.00 and no waiver, and 3. it is absolutely
> necessary to keep from delisting. Enough Said Knob. Now take your
> freaking tooth brush and clean the toilets!