milanjs

Sirius XM Doubles Up on Sports to Sack More Revenue

Hey all you guys - have any of you checked on what the street thinks is the outstanding number of shares? I've read as high as 3.2 B - and for the life of me can't figure out where these higher numbers came from. Anyone doing their homework would read the SEC filings and see that SIRI has never filed for an increase in stock issue - so what is it? Anyone really know? Number of shares is the measure of what SIRI will trade at. At 1.5 B (the only number I could verify) and revenues at 2.4 B the stock should be valued at 3.20 per. But if you use this 3.2 B then you are really looking at a value of about 1.45 per. So what is the street really seeing and what is fact - anyone out there that knows?

(and the combined sports programming is the future of satelite radio - the regular radio stations are already feeling the hurt from ipods, CD's and MP3's and now internet radio - sorry, music and regular news will not make satelite a winner. It will be sports first, news/traffic-for integration with gps, and special interest talk last that will make this a winner)