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Sirius Satellite Radio Inc. (SIRI) [hlAlert]

Rating:
Sell SIRI
down 95.77 %

Sirius Satellite Radio Inc. (SIRI) rated Sell by Argus

Posted on: Tuesday,  Feb 17, 2009  8:25 AM ET by Argus

Argus rated Sell Sirius Satellite Radio Inc. (NASDAQ: SIRI) on 02/17/2009, when the stock price was $0.16. Since
then, Sirius Satellite Radio Inc. has gained 2268.75% as of 10/22/2015's recent price of $3.79.
If you would have followed this Argus's recommendation on SIRI, you would have lost 95.77% of your investment in 2438 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.

Argus Research is an independent research firm, and our business is producing, distributing and marketing high-quality investment and economic research. Our recommendations - BUY, HOLD and SELL - reflect the judgment of an analyst about a company's prospects as an investment in terms of value, expected growth and risks. Argus Research does not bring companies public, advise companies on mergers and acquisitions, broker trades, make markets in stocks or manage money. Our independence allows us to make critical judgments about companies that we might not be so free to make were we competing for a firm's underwriting business. Because we're not a broker/dealer, we don't have "inventory" of a stock that we have to move with a tainted recommendation. We have developed a six-point system for analyzing the stocks in our Universe of Coverage. We believe that this system
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/17/2009 8:25 AM Sell
None
0.16
as of 12/31/2009
1 Week down  -162.71 %
1 Month down  -146.03 %
3 Months down  -146.03 %
1 YTD down  -868.75 %

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