Sirius XM Radio (NASDAQ: SIRI) after the company shows signs of positive business despite the expectation for guidance hikes being unlikely in 2011.In the report, Wunderlich writes "We are maintaining our Buy rating on SIRIUS XM Radio (SIRI) and $2 price target, albeit with mild disappointment as to 2011 guidance even as 4Q actuals exceeded our estimates. Barring another significant economic downturn that nullifies a recovery in auto sales to replacement rate or disruptive competition beyond what we anticipate from Pandora, Sirius has about as strong a subscription business model as there is in media land. This is supported by a gaggle of sensitivity analysis with respect to U.S. auto sales, penetration of the previously-owned-vehicle market, (critical to continued share upside) ARPU growth, and the LT disruptive effect of Pandora and other in-car alternatives."This Stock is a Great buy, Traders can buy this stock with the potential of enormous gains in 2011...Sirius XM Radio is the new wave of the future...View the full SIRI chart at Wikinvest
Sirius XM Radio Inc. is America's satellite radio company. SiriusXM broadcasts more than 135 channels of commercial free music, and premier sports, news, talk, entertainment, traffic and weather to more than 20 million subscribers. We are one of the world's largest pure-play audio entertainment company and we are among the largest subscription media companies in the United States. SiriusXM broadcasts to subscribers everywhere they want to listen in cars, on boats, in the home or office, and through a wide range of mobile devices.
Sirius XM Radio Inc. is America's satellite radio company. SiriusXM broadcasts more than 135 channels of commercial free music, and premier sports, news, talk, entertainment, traffic and weather to more than 20 million subscribers. We are one of the world's largest pure-play audio entertainment company and we are among the largest subscription media companies in the United States. SiriusXM broadcasts to subscribers everywhere they want to listen in cars, on boats, in the home or office, and through a wide range of mobile devices.
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