Excellent!
Posted on 01/09/2006 3:10:09 PM PST by arkady_renko
JAN. 9 1:36 P.M. ET Shares of XM Satellite Radio Holdings Inc. traded sharply higher Monday after an analyst recommended that investors buy the satellite radio provider's stock, based on a bullish view of the industry's growing alliance with car makers and its cheaper share price.
XM Satellite shares rose $1.84, or 6.6 percent, to $29.79 in afternoon trading on the Nasdaq. The gains come after the Washington, D.C., company's stock ended 2005 down 25 percent.
"We believe XM's stock is a good way to play satellite radio sector growth," Deutsche Bank analyst James G. Dix said in a client note earlier Monday.
Dix upgraded XM shares to "Buy" from "Hold," and raised his price target to $33 from $30, saying the stock is cheaper than it was six months ago despite its better-than-expected subscriber count. XM shares are also trading at a discount in comparison to those of rival Sirius Satellite Radio Inc., Dix said. XM Satellite last week said it now has more than 6 million subscribers and expects to end 2006 with more than 9 million subscribers, citing its content lineup and growth in the market for satellite radios as standard features in cars.
Deutsche's Dix is also bullish on satellite radio's prospects in the auto market. Through exclusive supply arrangements with both XM and Sirius, "auto manufacturers have tipped the scales to satellite radio as the in-vehicle digital audio solution," Dix said.
Competitor Sirius Satellite trails XM in the sector, at more than 3 million subscribers. On Monday, Howard Stern debuted his new show on Sirius. The company's shares rose 12 cents to $6.66 on the Nasdaq.
(Excerpt) Read more at businessweek.com ...
Interesting closing stock price. The Prince of Darkness must be pleased.
A_R
I doubt that I will ever pay for radio.
Howard Stern is a complete joke, and living proof that you don't need to have a speck of talent to be successful in this country.
I've never heard Stern referred to by that name, but . . . or did you mean . . . . nevermind.
It will be belly up in three years.
i thought that too, but then realized I was paying for tv because free tv was so bad. And I don't watch much tv. But when I do I want to see something decent. Same with radio I guess.
I havent gone to pay radio yet, but "free" readio is so bad it seems inevitable to me. I'm talking about the constant drone of adds (ever sat through a 10 minute ad break to listen to the next 5 minutes of programming?), and the constant talking down to me like I'm an idiot. I swear most radio program directors are 15 year old girls. Trying to listen to music on the radio is painful, so I'm left with talk radio...but even talk radio has been overran with Advertising and chattering/screaming/giggling idiots.
I suspect that by the end of the decade we'll be pushed or pulled into paid radio.
howard is getting 500 million for 5 years and about 200 million in stock for his show. Sounds like a great american success story to me. Don't listen to him, don't like him, respect his ability to turn little talent into huge bucks.
It will cost me less than $10/month for the next year.
I can use it in the car, in the house or while jogging. It has a 5 hr buffer so I can use it in a cave.
Out of the 140 channels, I find myself listening to just 3. All in all, I love it. It has something for everyone.
Best of all, I get to listen to FoxNews while driving to work in the morning.
Very good product.
"I doubt that I will ever pay for radio."
That's the way I think too. But then again years ago who would have thought we'd ever pay for TV - and still with advertisements?
Fer Shure!
I LMAO at that.....
But what if it is a sign rather than a funny coincidence.? Uh oh.
I don't really think Stern is a particularly bad guy in and of himself, but he certainly is doing PR work for the anti-christ, by pandering to people with the mental and sexual-emotional maturity of a 16 year old boy.
Excellent!
"I'm talking about the constant drone of adds.."
Once everybody gets hooked on satellite radio, the ads will return to it.
I would rather give Don Imus a sponge bath than listen to Howard Stern.
Do you freak out twice a day?
They don't even pretend on the weekends -- they have a 'Real Estate' advice show hosted by the advertisers on the show. Any real estate question can be answered by simply calling their toll-free number. Complete crap.
A_R
Or like the cable channels, clogged with ads and you still have to pay
I saw something like that on a box in the grocery store but I don't remember what it was.
It said you go go bicycling, horseback riding, swimming...
Usually more often.
Satellite Radio Killer!
I bought my XMs (have one older vehicle installed and a newer MyFi portable) because a lot of the places I go, I can't get any terrestrial reception, (other than some Mexican station blasting a quarter million watts over the border) and like to keep up with what is happening in the world.
So, I didn't buy it to 'get away from ads' but to be able to keep informed when I'm out in the middle of nowhere. If subscription prices would go down, I wouldn't mind at all if they started running ads on the music channels that I rarely listen to any way ;-)
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