Home Sweet Home
I have been out of the country for a while but I am home sweet home. Ladies and gentlemen, boys and girls, the next stock that I am bringing up to the table and having it as my next pick is a company that deals with the radio, satellite radio that is. It is the smaller of the two satellite radio services, but it has alot of growth and attraction. Sirius is the better play here of the two companies. I believe that Siri with the addition of huge radio star Howard Stern will aquire alot more subscribers in the coming fourth quarter in the anticipation of the Howard Stern broadcast. The company's revenue has more than tripled from a year earlier to $66.8 million and it expects tons of growth coming in for the coming quarters. It has 2.2 million subscribers and I expect those numbers to continue to rise. I think this company has a shot at actually adding some points on the board for its stock.
My Call on the stock:
$12 price target, from its current levels of $6.52

