Sirius XM Stock Below $1 on Disappointing Forecast and Debt, Article Posted on TwinTrader.com
Shares of Sirius XM Radio Inc. (Nasdaq:SIRI) continued yesterday's slide down the chart, dropping 10.70% to 88 cents Thursday, a day after the company released its forecast of wider than expect losses and slower subscriber growth for 2008.
(EMAILWIRE.COM, September 11, 2008 ) DALLAS, Texas - TwinTrader.com announces the publication of ‘Sirius XM Stock Below $1 on Disappointing Forecast and Debt’
Investors can view all of the investment articles and publications for free by visiting:
http://www.TwinTrader.com
Sirius XM Stock Below $1 on Disappointing Forecast and Debt
"Shares of Sirius XM Radio Inc. (Nasdaq:SIRI) continued yesterday's slide down the chart, dropping 10.70% to 88 cents Thursday, a day after the company released its forecast of wider than expect losses and slower subscriber growth for 2008...
"The satellite radio company based in New York told analysts in a conference call Tuesday that it expects gross losses to reach $350 million in 2008...
"At year end, Sirius forecasts 19.5 million subscribers, 1 million more than the current 18.5 subscription base. The forecast for 2009 is for an expanded subscription base to 21.5 million…
"Investors reacted negatively to the news as the revenue and subscription forecasts were 5% lower than expected by Kit Spring, analyst for Stifel Nicolaus. Additionally, analysts expected a smaller loss of $277 million for 2008…
"However, Spring noted to clients that the increased savings to $425 million from the previously forecasted $400 million related to its acquisition of competitor XM is realistic. Sirius reiterated its expectations for a profit of $300 million next year…”
To read the entire article visit http://www.TwinTrader.com
Join the fastest growing investor community at:
http://www.stocknetworkonline.com
TwinTrader LLC (TT) is not a registered broker-dealer and is not a registered investment advisor. No investor should base their investments decisions upon any act or omission of TT. TT makes no representations or warranties, and none may be relied upon. The purchase and sale of any securities must be made solely with the assistance of a registered broker-dealer and/or investment advisor. TT may, and you should assume that TT does, own shares in the companies profiled on this site. TT intends to sell its shares at times and as otherwise allowed by the securities laws which may negatively affect the performance of the stock price. TT affiliates, officers, directors and employees may have also bought or may buy shares in the companies profiled on this site and may sell, and profit from the sale of, such shares at any time. Except as required by the securities laws, TT will not advise when it or its affiliates, officers, directors and employees intend to sell and will not offer any opinion as to when others should sell. Any recent increase in volume or increase in stock price may be due to trading by TT or its affiliates, officers, directors and employees. TT will not be responsible for any gains or losses due to investing based on any opinions contained on this site. Receipt of the stock profiles, either via e-mail or directly from this site, is not in any way a solicitation or recommendation to buy or sell and should be used for information purposes only. Short-term trading can be extremely risky. As with any investment decision, careful research should be done before making any decision to invest.
TwinTrader.com is a Web site partially owned by BlueWave Advisors, LLC, a financial public relations firm. BlueWave Advisors, LLC, its principal and/or its affiliates will hold positions in the company profiled and may buy or sell securities at any time without notice. For the full disclaimer visit www.beaconequity.com/m.
Source: TwinTrader.com
TwinTrader.com
Scott Sanchez, (214)-317-5947
scott@twintrader.com
Investors can view all of the investment articles and publications for free by visiting:
http://www.TwinTrader.com
Sirius XM Stock Below $1 on Disappointing Forecast and Debt
"Shares of Sirius XM Radio Inc. (Nasdaq:SIRI) continued yesterday's slide down the chart, dropping 10.70% to 88 cents Thursday, a day after the company released its forecast of wider than expect losses and slower subscriber growth for 2008...
"The satellite radio company based in New York told analysts in a conference call Tuesday that it expects gross losses to reach $350 million in 2008...
"At year end, Sirius forecasts 19.5 million subscribers, 1 million more than the current 18.5 subscription base. The forecast for 2009 is for an expanded subscription base to 21.5 million…
"Investors reacted negatively to the news as the revenue and subscription forecasts were 5% lower than expected by Kit Spring, analyst for Stifel Nicolaus. Additionally, analysts expected a smaller loss of $277 million for 2008…
"However, Spring noted to clients that the increased savings to $425 million from the previously forecasted $400 million related to its acquisition of competitor XM is realistic. Sirius reiterated its expectations for a profit of $300 million next year…”
To read the entire article visit http://www.TwinTrader.com
Join the fastest growing investor community at:
http://www.stocknetworkonline.com
TwinTrader LLC (TT) is not a registered broker-dealer and is not a registered investment advisor. No investor should base their investments decisions upon any act or omission of TT. TT makes no representations or warranties, and none may be relied upon. The purchase and sale of any securities must be made solely with the assistance of a registered broker-dealer and/or investment advisor. TT may, and you should assume that TT does, own shares in the companies profiled on this site. TT intends to sell its shares at times and as otherwise allowed by the securities laws which may negatively affect the performance of the stock price. TT affiliates, officers, directors and employees may have also bought or may buy shares in the companies profiled on this site and may sell, and profit from the sale of, such shares at any time. Except as required by the securities laws, TT will not advise when it or its affiliates, officers, directors and employees intend to sell and will not offer any opinion as to when others should sell. Any recent increase in volume or increase in stock price may be due to trading by TT or its affiliates, officers, directors and employees. TT will not be responsible for any gains or losses due to investing based on any opinions contained on this site. Receipt of the stock profiles, either via e-mail or directly from this site, is not in any way a solicitation or recommendation to buy or sell and should be used for information purposes only. Short-term trading can be extremely risky. As with any investment decision, careful research should be done before making any decision to invest.
TwinTrader.com is a Web site partially owned by BlueWave Advisors, LLC, a financial public relations firm. BlueWave Advisors, LLC, its principal and/or its affiliates will hold positions in the company profiled and may buy or sell securities at any time without notice. For the full disclaimer visit www.beaconequity.com/m.
Source: TwinTrader.com
TwinTrader.com
Scott Sanchez, (214)-317-5947
scott@twintrader.com
Press Release Keywords:
stock market, investment ideas, market activity, small caps, micro caps, search engines, technology stocks, blue chips, marketing solutions, twintrader.com, xm radio inc.
stock market, investment ideas, market activity, small caps, micro caps, search engines, technology stocks, blue chips, marketing solutions, twintrader.com, xm radio inc.
|
How to buy Penny Stocks
Learn the Skills, Make the Trades, Earn a Fortune! 100% Free to try. Chartpoppers.com Stop Being Fooled By "Penny Stock Picks" Subscribe To The #1 Rated MicroCap Stock Newsletter. MicroCapster.com Analyst Penny Stock Picks Visit StockSource.us for explosive stock picks, free stock research and trading tools www.StockSource.us Your text Ads here! Ads are only $575 per month. Ads are placed same day. Contac Us Emailwire.com/contact.php |