Joe F.

Goldman's Sirius Call: Solid Thesis, Poor Timing

Oh yeh, here's some other grain for you to feed on to further increase your omnipotence and clairvoyant skillset.

Slumping car sales are a back burner issue as penetration rates continue to increase and over any given period US car sales remain pretty constant with some years up and some down.
Mostly with a general bias up.

Also keep in mind that SDARS does not only go into american made vehicles. So I wouldn't over rate Ford and GM too heavily.

In any event, it really means very little as does the retail story until the issue of the merger is determined. You just can't mine the data for what it would mean going forward after a merger - period.

The i-pod story should not be overlooked. Sat rad on ANY portable device as part of a suscription becomes huge - especially for the Christmas season.

And, as I've always said, you will see a SDARS music library with subscriptions that include a set # of downloads per month with your subscription. This will be a huge marketing draw that I have seen no one mention at this point.

The NAB really does have a problem going forward as SDARS is destined to become ubiquitous. The recent i-pod story and the fact that it's making it into more and more cars everyday is driving the point home. The stocks got washed out with capitulation selling
and people are starting to understand that as well.

Upon the merger you'll start to see the forecasts ramp regarding all of the above. And the stock will climb as each and every brokerage firm will start recommending exposure to the industry for their clients.

There really will be some fireworks this July fourth. Count on it!