By Relmor Demitrius
Sirius XM Radio (NASDAQ:SIRI) will be announcing its first quarter results before the bell on Tuesday, May 4th. Investors will anxiously await to see if this is finally the quarter that Sirius XM breaks into fully adjusted positive earnings, and finally puts to bed the notion this stock will never see profits. Free cash flow and EBTIDA are already a reality, and with an improving balance sheet and outlook profits are usually sure to follow. Investors will be watching closely for EBITDA numbers, free cash flow, and any insight into future plans with Liberty Media. The company had already released subscriber numbers, adding 171,000 net addition in Q1 of 2010.
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Liberty Media (NASDAQ:LINTA), which owns 40% of Sirius XM in its tracking stock Liberty Capital (NASDAQ:LCAPA) will be reporting on Thursday, May 6th.
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Disclosure: Long SIRI
Liberty Hedgies back at work, to steal this “Cash cow” and anybody who think
that this is not true, can tell me then, why they would let this stock go down.
Zora1