DALLAS, Aug. 3, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Sirius XM Radio Inc. (Nasdaq:SIRI). The report includes financial, comparative and investment analyses, and recent company news that you need to know to make an educated investment decision.
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The full report is available at: http://www.microstockprofit.com/lp/SIRI
SIRI has been relatively stable recently. This is evidenced by the width of its Bollinger Bands which are tighter than normal. Additionally, SIRI is trading above its upper Bollinger Band. Relative to recent price action, the stock is currently overextended and due for either a pause or retracement.
Sirius XM Radio Inc. (SIRI) 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 Corp., 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.
Message Board Search for SIRI: http://www.boardcentral.com/boards/SIRI
In the report, the analyst notes:
"For the first quarter of 2010, SIRI recognized total revenue of $670.6 million compared to $605.5 million for the first quarter 2009.
"SIRI will conduct a second-quarter conference call tomorrow, August 4, at 8 a.m. ET to discuss the quarter's financial and operating results for 2010. On July 7, the Company announced it has added more than 580,000 net subscribers in the second quarter compared to a net subscriber loss of more than 180,000 a year earlier. SIRI also raised its full-year 2010 guidance to more than 1.1 million subscribers and maintained its guidance to achieve more than $100 million in free cash flow."
To read the entire report visit: http://www.microstockprofit.com/lp/SIRI
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