As the current share price of SIRIUS XM bounces around in the mid to high .50s heading into the Q3 Conference call, many would say it’s just bad timing regarding the price, the economy is still bad, auto sales are still slumping post Cash 4 Clunkers though it did provide a much needed boost and, people are still unemployed in large numbers and scared for their jobs. Having recently lost my job….I can relate to all the uncertainty. While that is all true, and some of it is reflected in the current state of the price per share, there are very positive signs that the Media in general has chosen to pretty much ignore recently.
We saw an upgrade on the EBIDTA forecast for the year from 300 million dollars to over 400 million dollars, from a company which was nearly bankrupt according to their CEO and many media reports back in February. This is not an insignificant achievement by any standard, yet it has also been virtually ignored in the main stream media. More recently, we have seen a used Car program meant to take advantage of all those inactive chipsets that are out there from the past. The release of the iPhone application during the
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