its a good time to be in SIRIIUS XM RADIO (motley fool)
Putting out the encouraging numbers early is a good move. It meets with Nasdaq OMX Group (Nasdaq: NDAQ) later this month to appeal its pending exchange delisting. With the upbeat numbers propelling Sirius XM's stock over the $1 mark, if it's able to close with a bid of $1 or higher over the next 10 trading days, it can just send a cardboard cutout of CEO Mel Karmazin to the April 29 meeting, because it will already be in compliance.
Sirius XM has tacked on more than 530,000 net subscribers over the past nine months. Karmazin has cut costs at the merged company, enhancing the bottom-line power of every incremental listener.
Are there threats to the model? Sure. Many of the most popular programs through Apple's App Store are free music-streaming services. Sierra Wireless' (Nasdaq: SWIR) Overdrive mobile hot spot can spit out streams at 4G speeds on the road. However, the same improving discretionary income that will drive sales of smartphones and mobile broadband connections will also justify the reasonably priced Sirius and XM subscriptions.
It's a good time to be Sirius XM Radio
News 
Market Data 
Discover 
AI
