Hi RR!
XMSR----This is a new technology stock.....Satellite Radio....thought I'd throw it out here......took position this morning at 4.58.????
6:47AM XM Satellite and Sirius profiled in Barron's (XMSR) 3.78: Article gives a description of both companies' offerings, but is more positive on XM Satellite. Believes for investors who can tolerate risk, XMSR "looks as though it's worth a bet." With 347,000 subscribers at yr-end, XM has a major head start on Sirius Satellite (SIRI), which had just under 30,000 subs. XMSR also boasts strong relationships with General Motors and Honda, which hold equity stakes of 19% and 8%, respectively, and are rapidly rolling out XM as a feature on new vehicles. XM expects to have more than 1 mln subs by yr-end vs about 300,000 for SIRI. According to article, satellite-radio fans believe it could become this decade's hot new consumer-electronics product, ultimately boasting 30 mln subs; each co needs 2-3 mln subs to break-even. Article speculates that if XM hits 10 mln subs in 2007, it could earn $500 mln or $1.50 a share. "That could support a $30 to $40 stock."
Got this from my radio man. In a round about way. :-)
Have a good one,
dealie (gambling dude) |
