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Sirius Satellite Radio Inc. (SIRI) [hlAlert]

Rating:
Overweight
SIRI
up 154.36 %

Sirius Satellite Radio Inc. (SIRI) rated Overweight with price target $2.10 by Lehman Brothers

Posted on: Tuesday,  Aug 5, 2008  11:25 AM ET by Lehman Brothers

Lehman Brothers rated Overweight Sirius Satellite Radio Inc. (NASDAQ: SIRI) on 08/05/2008, when the stock price was $1.49.
Since then, Sirius Satellite Radio Inc. has gained 154.36% as of 10/22/2015's recent price of $3.79.
If you would have followed this Lehman Brothers's recommendation on SIRI, you would have gained 154.36% of your investment in 2634 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.

Lehman Brothers Holdings Inc. has filed for bankruptcy protection in the U.S.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/5/2008 11:25 AM Buy
None
1.49 2.10
as of 12/24/2008
1 Week down  -14.00 %
1 Month up  19.44 %
3 Months up  290.90 %
1 YTD up  258.33 %

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