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Old 11-08-2006, 11:09 AM   #1
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Default Satellite showdown, radio and TV stocks head in opposite directions.

NEW YORK ( -- Satellite radio stocks have had a difficult time lifting off this year, while shares of the top two satellite television firms have soared to the stratosphere.

But after the latest round of earnings reports from XM Satellite Radio, Sirius Satellite Radio, EchoStar Communications and DirecTV, some think that the radio stocks may finally find themselves rising higher while the TV stocks fall from orbit.

On Monday, XM reported a smaller than expected loss for the third quarter and the stock surged 15.6 percent on the news. Even with that big gain, though, shares of XM (Charts) are still down more than 50 percent year-to-date.

XM's top rival, Sirius, has also had a rough year. Its stock, despite a 7 percent pop on Monday, is down 40 percent this year. Sirius (Charts) will report its third quarter results on Wednesday.
Here is what I found interesting,

One analyst thinks that investors should not be betting on both satellite radio firms, however.

Banc of America Securities analyst Jonathan Jacoby wrote in a research note following XM's earnings release that Sirius may struggle to hit its year-end subscriber target, since retail demand for satellite radios may be weak during the holidays. Sirius has more exposure to the retail market than XM, which gets more subscribers than Sirius from auto manufacturers.

With this in mind, Jacoby wrote that he thinks the two stocks won't continue to trade in tandem and that investors might be better off buying XM now.
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Old 11-08-2006, 12:48 PM   #2
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Originally Posted by ABAP4Life
Here is what I found interesting,


jacoby is analyst who refuses to admit that he is looking at the business model of sirius incorrectly.mel stated in conference call that even if retail numbers are less than last year oem growth will be better than last year and mel reaffirmed sub guidance
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Old 11-08-2006, 01:53 PM   #3
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They've also got the new Internet subscriptions available which could add some numbers. I wish they'd do another deal to add a 2nd sub...

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