Sirius XM is going to explode!

Picked By adammarre
Picked: May 10, 2011 11:35:27 AM PDT
Rating

SIRIUS XM Radio Inc. (NasdaqGS: SIRI) - Open

Symbol Position Allocation Picked Current Price
SIRI Long 1% $2.3500 $1.9800 -15.74%


Opened May 10, 2011 11:35:27 AM PDT
Closed -
Risk Medium
Target Date May 10, 2011
Target Price $5.0000
Timeframe Mid-Term
Suggested Stop Loss -
Holding No Position
Disclosure -


With the new 5-year contract of Stern and the signing on of key players from Oprah's OWN (Rosie O'Donnell), expect a higher subscription base and increased revenues. Increased data phone sales also make subscriptions more feasible when the consumer can take their favorite stations with them on their mobile data-enabled phones. With automobile integration being key for the Sirius XM subscription base, the projected increase in automobile sales this summer should help give SIRI the boost in subscription numbers to get it over the $5 mark. Their most recent quarterly report shows them touting less cost per membership and has decreased their overall expenses.

I suggest dumping an inconsequential amount of money into them and see where it rides.


- Adam

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Comments (4 Total)
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Why would I pay a subscription for radio?

May 12, 2011 10:48 PM PDT
....Unless I really love Howard Stern and Rosie... Even if I did, then there is Internet Radio... http://www.smallcapnetwork.com/Sirius-XM-and-Radio-Stocks-Who-Listens-to-Radio-SIRI-WWON-EMMS-ROIAK/s/article/view/p/mid/1/id/1839/
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Thanks!

Kevin Teagarten
May 11, 2011 7:57 AM PDT

I didn't see your description. Makes good sense. I appreciate the idea.
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....

May 11, 2011 7:09 AM PDT

I wrote why in the description.....plus what I forecasted would happen happened today and now it's taking off:

SIRI subscriber growth hits record. #CNBC

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Why do you think so?

Kevin Teagarten
May 10, 2011 10:49 PM PDT

What makes this stock different today than what it has been for the last few years?

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