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Sirius Satellite Radio Inc. (SIRI) [hlAlert]

Rating:
Buy SIRI
up 5.57 %

Sirius Satellite Radio Inc. (SIRI) rated Buy

Posted on: Wednesday,  Dec 5, 2007  9:25 AM ET by Wedbush Morgan

Wedbush Morgan rated Buy Sirius Satellite Radio Inc. (NASDAQ: SIRI) on 12/05/2007, when the stock price was $3.59.
Since then, Sirius Satellite Radio Inc. has gained 5.57% as of 10/22/2015's recent price of $3.79.
If you would have followed this Wedbush Morgan's recommendation on SIRI, you would have gained 5.57% of your investment in 2878 days.

Sirius XM Radio Inc. has two principal wholly owned subsidiaries, XM Satellite Radio Holdings Inc. and Satellite CD Radio Inc. The Company is engaged in broadcasting in the United States, its music, sports, news, talk, entertainment, traffic and weather channels for a subscription fee through its satellite radio systems, the SIRIUS system and the XM system. On July 28, 2008, its wholly owned subsidiary, Vernon Merger Corporation, merged (the Merger) with and into XM Satellite Radio Holdings Inc. and, as a result, XM Satellite Radio Holdings Inc. became its wholly owned subsidiary. The SIRIUS system consists of three in-orbit satellites, approximately 120 terrestrial repeaters that receive and retransmit signals, satellite uplink facilities and studios. The XM system consists of four in-orbit satellites, over 700 terrestrial repeaters that receive and retransmit signals, satellite uplink facilities and studios.

Since 1980, WEDBUSH has used its private equity discipline to invest in under-valued and capital constrained public and private companies that have a significant potential for appreciation. The firm invests with high quality management teams with domain expertise and expects management to retain or make a personally significant equity investment.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/5/2007 9:25 AM Buy
None
3.59 3.50
as of 8/27/2015
1 Week down  -3.80 %
1 Month down  -1.81 %
3 Months down  -2.57 %
1 YTD up  8.59 %

(*) Stock Price at the time of the recommendation.
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