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SIRIUS XM RADIO INC ( SIRI : NASDAQ )


Date:

06/01/11

Symbol:

SIRI

Exchange:

NASDAQ

Industry:

RADIO

Sector:

N/A

Recommendation: Target Price: Current Price:

1.65

Summary

Fundamental Data

Market Cap ($M):

6.48

Avg.Vol (10Day):

52,475,900

52 Week High/Low:

1.74-0.65

P/E ratio (TTM):

63.46

P/B ratio:

24.20

Dividend yield (%):

N/A

ROA (%):

4.17

ROE (%):

105.17

Profit Margin (%):

5.28

Operating Margin (%): 17.56

BMW Motorcycles and SIRIUS XM Radio (Nasdaq: SIRI) announced that beginning with January 2011 production, BMW Motorcycles will offer SIRIUS

SIRIUS XM has arrangements with every major automaker and its radio products are available at retail locations nationwide, as well as shop.sirius.com and shop.xmradio.com.

SIRIUS XM is also the leading provider of premium real-time video, traffic, weather, data and information services for subscribers in cars, trucks, RVs, boats and aircraft through SIRIUS Backseat TV™, XM NavTraffic®, SIRUS Traffic™, XM Nav Weather™, and SIRIUS Marine™, among others.


SIRIUS XM

is America's satellite radio company, delivering more than 130

channels of commercial free music, and premier sports, news, talk, entertainment, traffic and weather to more than 19.5 million subscribers. We are the world's largest pure-play audio entertainment company and we are among the largest subscription media companies in the United States. SIRIUS XM broadcasts to subscribers everywhere they want to listen in cars, on boats, in the home or office, and through a wide range of mobile devices. As the leader in audio entertainment, SIRIUS XM offers an impressive array of content that spans virtually all genres and interests, including Howard Stern, Martha Stewart, Oprah Winfrey, Rosie O'Donnell, Jamie Foxx, Barbara Walters, Opie & Anthony, Bob Edwards, Chris "Mad Dog" Russo, Jimmy Buffett, The Grateful Dead, Willie Nelson, Bob Dylan and Tom Petty, among others. SIRIUS XM is the leader in sports programming as the Official Satellite Radio Partner of the NFL, Major League Baseball®, NASCAR®, NBA, NHL®, and PGA TOUR® and offers major college sports. We have arrangements with every major automaker for installation of satellite radio in their vehicles. Our products are available at retail locations nationwide and through shop.sirius.com and shop.xmradio.com. SIRIUS XM programming is also available at sirius.com and xmradio.com, and on Apple iPhone and iPod touch, BlackBerry and Android-powered mobile devices using the SIRIUS XM Premium Online App. SIRIUS XM is also the leading provider of premium real-time video, traffic, weather, data and information services for subscribers in cars, trucks, RVs, boats and aircraft through SIRIUS Backseat TV™, XM NavTraffic®, SIRUS Traffic™, XM Nav Weather™, and SIRIUS Marine™, among others. SIRIUS XM is committed to integrity, excellence, and diversity amongst the ranks of its employees. The priorities of SIRIUS XM management are to grow revenue and subscribers by using the best available technology and developing the best audio entertainment and information services in the world.


Recent News

BMW Motorcycles to Offer SIRIUS as Standard Equipment on Model Year 2011 Radio Equipped Motorcycles BMW Motorcycles and SIRIUS XM Radio (Nasdaq: SIRI) announced that beginning with January 2011 production, BMW Motorcycles will offer SIRIUS as standard equipment on new radio radio-equipped equipped Model Year 2011 R 1200 RT, K 1600 GT, and K 1600 GTL Touring Motorcycles. BMW Motorcycle will include an introductory oneone year subscription to the "SIRIUS Everything" package with the purchase of every new radioradio equipped RT, GT and GTL Touring Motorcycles produced from January 2011.. "BMW Motorcycle owners expect exceptional performance and our customers seek out the best riding experiences," said Pieter de Waal, Waal Vice President, BMW Motorcycles. "Audio entertainment is one of the pleasures of riding a Touring Motorcycle, and we are very excited to have SIRIUS become me standard equipment on our new Touring Motorcycles, providing the perfect soundtrack for the perfect ride." "BMW Motorcycle sets the standard for high performance and style, and now their customers are able to enjoy the premium audio entertainment experience ence of SIRIUS," said Steve Cook,, Group Vice President and General Manager, Automotive Division, SIRIUS XM Radio. "We are thrilled to provide BMW Motorcycle customers with more than 135 channels of unique, fun, and memorable programming to experience the excitement of the open road." The "SIRIUS Everything" package delivers more than 135 channels of premier sports, news, talk, entertainment and commercial-free free music programming plus traffic and weather information. All new Model Year 2011 R 1200 RT, K 160 1600 0 GT, and K 1600 GTL Touring Motorcycles will include a factory-equipped factory satellite radio and a one-year year introductory subscription to the "SIRIUS Everything" package. After the introductory one-year one subscription, the SIRIUS service will be subject to the st standard rates. For more information on SIRIUS, please visit www.sirius.com. About SIRIUS XM Radio SIRIUS XM is America's satellite radio company, broadcasting more than 135 channels of commercial commercial-free free music, and premier sports, news, talk, entertainment, traffic, weather, and data services to more than 20 million subscribers in cars, trucks, boats and aircraft, and through a wide range of mobile devices. SIRIUS XM offers an array of content from some of the biggest names in entertainment, as well as from professional sports leagues, major colleges, and national news and talk providers. SIRIUS XM programming is also available at sirius.com and xmradio.com, and on Apple iPhone and iPod touch, BlackBerry and Android Android-powered mobile obile devices using the SIRIUS XM Premium Online App.


SIRIUS XM has arrangements with every major automaker and its radio products are available at retail locations nationwide, as well as shop.sirius.com and shop.xmradio.com. This communication contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about future financial and operating results, the combined company's plans, objectives, expectations and intentions with respect to future operations, products and services; and other statements identified by words such as "will likely result," "are expected to," "will continue," "is anticipated," "estimated," "intend," "plan," "projection," "outlook" or words of similar meaning. Such forward-looking statements are based upon the current beliefs and expectations of SIRIUS XM's management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond the control of SIRIUS and XM. Actual results may differ materially from the results anticipated in these forwardlooking statements. The following factors, among others, could cause actual results to differ materially from the anticipated results or other expectations expressed in the forward-looking statement: our dependence upon automakers and other third parties, the substantial indebtedness of SIRIUS and XM; the useful life of our satellites; and our competitive position versus other forms of audio and video entertainment. Additional factors that could cause SIRIUS' and XM's results to differ materially from those described in the forward-looking statements can be found in SIRIUS' Annual Report on Form 10-K for the year ended December 31, 2009 and its Quarterly Report on Form 10-Q for the period ending September 30, 2010 and XM's Annual Report on Form 10-K for the year ended December 31, 2009 and its Quarterly Report on Form 10-Q for the period ending September 30, 2010, which are filed with the Securities and Exchange Commission (the "SEC") and available at the SEC's Internet site (http://www.sec.gov). The information set forth herein speaks only as of the date hereof, and SIRIUS and XM disclaim any intention or obligation to update any forward looking statements as a result of developments occurring after the date of this communication. About BMW Motorcycles BMW of North America, LLC has been present in the United States since 1975. Rolls-Royce Motor Cars NA, LLC began distributing vehicles in 2003. The BMW Group in the United States has grown to include marketing, sales, and financial service organizations for the BMW brand of motor vehicles, including motorcycles, the MINI brand, and the Rolls-Royce brand of Motor Cars; DesignworksUSA, a strategic design consultancy in California; a technology office in Silicon Valley and various other operations throughout the country. BMW Manufacturing Co., LLC in South Carolina is part of BMW Group's global manufacturing network and is the exclusive manufacturing plant for all X5 and X3 Sports Activity Vehicles and X6 Sports Activity Coupes. The BMW Group sales organization is represented in the U.S. through networks of 338BMW passenger car centers, 336 BMW Sports Activity Vehicle centers, 143 BMW motorcycle retailers, 100 MINI passenger car dealers, and 31 Rolls-Royce Motor Car dealers. BMW (US) Holding Corp., the BMW Group's sales headquarters for North America, is located in Woodcliff Lake, New Jersey.


SiriusXM and Manchester United Football Club Announce Exclusive Broadcasting Agreement SiriusXM subscribers can hear every Manchester United Premier League match live through their satellite radios, online and through the SiriusXM Apps Manchester United Football Club, the 18-time time champions of the English Premier League, and Sirius XM Radio (Nasdaq: SIRI), announced today a multi-year year agreement to make SiriusXM the official U.S. radio broadcaster of Manchester M United. Sirius and XM subscribers will have access to live play play-by-play of every Manchester United English Premier League match and will hear the official Manchester United club broadcast. The agreement also gives SiriusXM the rights to stream Manchester United Premier League matches to Sirius and XM subscribers online at www.sirius.com and www.xmradio.com and through website access via the SiriusXM App. "Manchester United d is delighted to announce this arrangement with SiriusXM," said Manchester United Chief Executive David Gill. "This agreement demonstrates the enduring strength of the Club internationally. We are very proud to have SiriusXM as our first satellite radio broadcaster in the US. This is an exciting arrangement as we know how passionate our fans are in the United States and now they can catch all the match action live on Sirius and XM." "Manchester United is one of the most famous and widely followed sports ffranchises ranchises in all of the world and we're thrilled to offer our listeners access to every one of their Premier League matches," said Scott Greenstein,, SiriusXM's President and Chief Content Officer. "Fans across the U.S. will be able to tune in to live play play-by-play play through their radios, through their computers and through the SiriusXM App. No matter where you are in the U.S., you won't have to miss a minute of Manchester United football throughout the EPL season." With 18 Premier League titles, four Football ll League Cups and a record 11 FA Cups, Manchester United is one of the most successful clubs in the history of English soccer. Currently atop the standings in thePremier League, the club has also won three European Cups and is unique in having won the Premier League, FA Cup and UEFA Champions League triple-header in the 1998-99 season. The club's current manager, Sir Alex Ferguson,, is the most successful manager in the team's history, having won 26 major honors since taking over the club in 1986. In addition to SiriusXM's expansive play-by by-play coverage of Manchester United, fans can also hear comprehensive soccer talk on SiriusXM's The Football Show,, the daily talk program hosted by legendary strikerGiorgio Chinaglia and soccer expert Charlie Stillitano. Every weekday morning (7:00-9:00 9:00 am EST on Sirius channel 125 and XM channel 241), Chinaglia and Stillitano cover the best teams and leagues from around the globe with expert analysis and interviews with some of sport's most intriguing personalities, including luding Manchester United's legendary manager, Sir Alex Ferguson. Throughout the EPL season, SiriusXM listeners can hear multiple games each week featuring several of the best teams in the U.K. All games will air on Sirius channels 125 and 113 and XM channels nnels 241 and 244. For more information on SiriusXM's soccer programming and a schedule of upcoming matches on SiriusXM,

visit www.sirius.com/soccer or www.xmradio.com/ www.xmradio.com/soccer.


INTRA-DAY INTERACTIVE CHART

SUMMARY

Change

-0.020 (-1.198%)

Bid

N.A.

Ask

N.A.

Open

1.670

High

1.680

Low

1.650

Volume 52-Week Range 1-Yr Return

N.A. 1.74 - 0.65 139.826%

Earnings EARNINGS

FUNDAMENTALS

Earnings Past 12 Months

0.020

Shares (Millions)

3,925.900

Quarter Est. EPS (12/10)

N.A.

Market Cap (Millions)

6,477.734

Quarter Est. EPS (03/11)

0.01

Float (Millions)

3,901.662

Year Est. EPS (12/10)

N.A.

Return on Equity

Price/Earnings (Trailing) Relative P/E Earnings Growth Rate Estimated P/E

82.500 5.165 100.000 N.A.

Short Interest

-2,304.650 225,721,127.000

Last Dividend Reported

N.A.

Dividend Yield (ttm)

N.A.

Relative Dividend Yield

N.A.


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REVENUE Periods

2009

2010

March

586.979

663.784

June

590.829

699.761

September

618.656

717.548

December

676.174

Note: Units in Millions of U.S. Dollars

EARNINGS PER SHARE Periods

2009

2010

March

-0.06778

0.00657

June

-0.04451

0.0024

September

-0.04185

0.01062

December

0.00393

Note: Units in U.S. Dollars

CONSENSUS ESTIMATES ANALYSIS # of Estimates

Mean

High

Low

1 Year Ago

Quarter Ending Mar-11

4

737.72

757.97

704.49

--

Quarter Ending Jun-11

4

757.15

774.28

725.52

--

10

3,089.48

3,161.40

2,998.50

3,189.40

SALES (in millions)

Year Ending Dec-11


EARNINGS (per share)

Quarter Ending Mar-11

2

0.00

0.01

0.00

--

Quarter Ending Jun-11

2

0.00

0.01

0.00

--

Year Ending Dec-11

6

0.04

0.13

0.00

0.05

LT Growth Rate (%)

1

30.00

30.00

30.00

30.00

Sales and Earnings Figures in U.S. Dollars (USD)

VALUATION RATIOS Company

Industry

Sector

S&P 500

70.15

23.33

11.76

18.14

P/E High - Last 5 Yrs.

--

62.16

44.10

49.32

P/E Low - Last 5 Yrs.

--

18.44

10.63

12.86

Beta

1.95

0.94

0.96

1.31

Price to Sales (TTM)

2.35

7.46

1.57

2.19

Price to Book (MRQ)

24.06

1.49

0.96

2.89

--

1.36

1.17

7.49

Price to Cash Flow (TTM)

15.30

17.25

5.20

11.00

Price to Free Cash Flow (TTM)

35.36

7.77

7.79

52.81

--

--

--

--

P/E Ratio (TTM)

Price to Tangible Book (MRQ)

% Owned Institutions


DIVIDENDS Company

Industry

Sector

S&P 500

--

1.10

1.02

1.58

0.00

0.69

1.36

2.54

--

-1.11

2.02

-7.73

0.00

21.44

13.11

38.60

Company

Industry

Sector

S&P 500

Sales (MRQ) vs Qtr. 1 Yr. Ago

15.98

-1.08

5.24

9.30

Sales (TTM) vs TTM 1 Yr. Ago

14.00

12.27

7.38

9.10

Sales - 5 Yr. Growth Rate

105.88

33.41

9.38

9.90

EPS (MRQ) vs Qtr. 1 Yr. Ago

125.38

-64.04

242.55

5.22

EPS (TTM) vs TTM 1 Yr. Ago

109.76

--

--

--

--

10.06

1.76

6.62

54.11

12.63

5.03

4.67

Company

Industry

Sector

S&P 500

Quick Ratio (MRQ)

0.37

1.07

0.61

0.65

Current Ratio (MRQ)

0.38

1.42

0.79

0.97

LT Debt to Equity (MRQ)

1,122.99

48.00

27.00

121.16

Total Debt to Equity (MRQ)

1,125.03

50.51

41.02

178.24

-0.81

0.35

0.13

16.38

Dividend Yield

Dividend Yield - 5 Year Avg.

Dividend 5 Year Growth Rate

Payout Ratio(TTM) GROWTH RATES

EPS - 5 Yr. Growth Rate

Capital Spending - 5 Yr. Growth Rate FINANCIAL STRENGTH

Interest Coverage (TTM)


PROFITABILITY RATIOS Company

Industry

Sector

S&P 500

Gross Margin (TTM)

56.97

53.96

11.99

31.69

Gross Margin - 5 Yr. Avg.

40.87

55.17

24.34

28.39

EBITD Margin (TTM)

26.25

--

--

--

-113.94

27.52

10.41

18.04

15.92

10.53

-1.44

--

-127.82

11.76

5.43

16.25

5.34

9.85

-1.47

14.46

-137.65

10.94

5.24

15.86

5.03

3.33

-2.43

10.74

-137.91

4.68

3.50

11.64

5.90

24.30

15.96

53.12

--

26.99

32.69

25.21

Company

Industry

Sector

S&P 500

1,826,005

27,762,686

22,176,931

664,065

91,832

1,360,036

1,145,674

82,382

Receivable Turnover (TTM)

15.78

5.12

22.17

10.21

Inventory Turnover (TTM)

55.38

10.28

4.82

6.56

0.38

0.39

0.40

0.54

EBITD - 5 Yr. Avg

Operating Margin (TTM) Operating Margin - 5 Yr. Avg.

Pre-Tax Margin (TTM) Pre-Tax Margin - 5 Yr. Avg.

Net Profit Margin (TTM) Net Profit Margin - 5 Yr. Avg.

Effective Tax Rate (TTM) Effecitve Tax Rate - 5 Yr. Avg. EFFICIENCY

Revenue/Employee (TTM)

Net Income/Employee (TTM)

Asset Turnover (TTM)


MANAGEMENT EFFECTIVENESS Company

Industry

Sector

S&P 500

1.91

2.23

1.82

5.82

Return on Assets - 5 Yr. Avg.

-46.77

4.10

3.51

5.59

Return on Investment (TTM)

2.66

2.75

2.76

7.46

Return on Investment - 5 Yr. Avg.

-72.02

0.24

6.17

7.21

Return on Equity (TTM)

100.23

4.12

5.49

17.31

--

10.66

8.94

8.98

Return on Assets (TTM)

Return on Equity - 5 Yr. Avg.

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Contact Detail:

Chutinush Taksinapinunt Business Development Director Heffernan Capital Management Email: chutinush@heffernan-inc.com Chutinush Taksinapinunt holds a Bachelor of Business Administrators degree Majoring in Finance and Banking. Chutinush Taksinapinunt is an experienced market maker and Portfolio Manager, having worked with some of Thailand’s largest Securities Company and Financial Institutions. Price Estimate by Shayne Heffernan PhD Shayne Heffernan of Ebeling Heffernan holds a PhD in Economics serves as CEO of Heffernan Holdings Inc and Co Founder of Ebeling Heffernan www.ebeling-heffernan.com Bangkok Suite 53 Athenee Tower 63 Wireless Road, Lumpini, Pathumwan, Bangkok 10330 THAILAND Tel: +66 2 126 8000 Fax: +66 2 126 8080 New York 347 5th Avenue, Suite 1402-508 Ny, NY 10016 Tel: +1 646-403-9881 Fax: +1 646-403-8014 Singapore 3 Raffles Place #07-01 Bharat Building Singapore 048617 Tel: +65 6329 6408Fax: +65 6329 9699


Disclaimer

Ebeling Heffernan (EH) distributes research and other information purchased and compiled from outside sources and analysts. This report/release/advertisement is a commercial advertisement and is for general information purposes only. Do not base any investment decision on information in this report/release/advertisement. EH is not a registered Investment Advisor or a member of any association for other research providers. Under no circumstances is this report/release/advertisement to be used or considered as an offer to sell or a solicitation of any offer to buy any security or other debt instruments, or any options, futures or other derivatives related to such securities herein. All information herein is not intended to be used for investment advice. Price Targets are academic theory and should not be relied upon. The majority of these profiled companies are highly risky OTC Bulletin Board or Pink Sheet companies. All readers of this information indemnify EH from any liability for all accessed information. EH will not be responsible for updating any of its information in its report/release/advertisements. EH advises recipients of all such data to be validated from the issuing company including all statistical information derived from SEC filings, from data sources or financial information and data from the issuing company contained herein. The reader should seek professional financial advice, verify all claims and do his/her own research and due diligence before investing in any securities mentioned. EH will not be liable to any person or entity for the quality, accuracy, completeness, reliability or timeliness of information in this report/release/advertisement, or for any direct, indirect, consequential, incidental, special or punitive damages that may arise out of the use of information, products or services from any person or entity including but not limited to lost profits, loss of opportunities, trading losses, and damages that may result from any incompleteness or inaccuracy in any of EH’s profiled companies. When paid in stock, EH its affiliates, directors, officers, outside sources, investor awareness groups and employees may liquidate shares at any time or hold for investment purposes. Readers are advised to review SEC periodic reports: Forms 10-Q, 10K, Form 8-K, insider reports, Forms 3, 4, 5 Schedule 13D, www.sec.gov.nasd.com, www.pinksheets.com, www.sec.gov and www.finra.com. SPC is compliant with the Can Spam Act of 2003. Investing in micro cap and small cap securities is speculative and carries a high degree of risk. Investors can lose their entire investment. The Private Securities Litigation Reform Act of 1995 provides investors a 'safe harbor' in regard to forward-looking statements. EH cautions all investors that such forward-looking statements in this report/release/advertisement are not guarantees of future performance. Investors should understand that statements regarding future prospects may not be realized. This report/release/advertisement does not have regard to the specific investment objective, financial situation, suitability, and the particular need of any specific person who may receive this report/release/advertisement. Investors should note that income from such securities, if any, may fluctuate and that each security's price or value may rise or fall substantially. Accordingly, investors may receive back less than originally invested, or lose their entire investment. Past performance is not indicative of future performance. The Company has not paid compensation for this commercial advertisement. HCM. has written this commercial advertisement for EH.

SIRIUS XM RADIO INC SIRI:NASDAQ Upgraded  

SIRIUS XM RADIO INC SIRI:NASDAQ Upgraded. Chutinush Taksinapinunt of Heffernan Capital Management has upgraded SIRIUS XM RADIO INC SIRI:NASD...

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