Gabelli Places A New 'Buy' Rating On SIRIUS XM Radio (SIRI)
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Gabelli & Co is issuing a new Buy rating on SIRIUS XM Radio Inc. (Nasdaq: SIRI), saying while still speculative, they believe Sirius XM now represents an attractive equity investment. The firm said the company has no significant debt maturities until 2013, positive free cash flow and the implicit backing of Liberty Media (Nasdaq: LCAPA).
Gabelli said the unification of formerly competing subscription services greatly enhances the economics of the business.
The firm also said with Liberty a 40% owner of SIRI, a combination with Liberty, after expiration of the 3-year standstill, is as a strong possibility. They also see a potential partnership with DIRECTTV (NYSE: DTV) or Dish Network (Nasdaq: DISH).
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siriusxm
siriusxm has a lot of Irons in the fire & with the combination of Mel Karmazin & John Malone at the helm --SIRI shareholders will reap the benefits.
SIRI future already known
Two days ago ,On satwaves I said ,the big boys already know that dtv,will aquire siri,the poision pill will not be needed if this happens.Siri price has to go up first.
The stock is so cheap
The risk is worth it, you have nothing to loose. Buy! Buy! Buy........... The company has a lot to offer: SIRI is going to take over the world, SIRI is going global or they have gone global in some place and yielding high profits. Really we did not have to wait for Gabelli's opinions... Just Buy It.
SIRIUS XM RADIO
I THINK WITH MR.MALONE HOLDING40% IF SIRI, THERE WILL BE A REVIVAL OF THIS STOCK AND THE SHAREHOLDERS WILL BE THE WINNERS.
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SIRI
SKN366 on Jul 19, 2009 06:16 AMThey did not give a target price, just a buy on it.