Merrill Lynch Maintains BUY on Sirius
May 25, 2006
Merrill Lynch has issued a report on Sirius Satellite Radio in which they maintain a BUY rating.
The report points out that Sirius has been negatively impacted by XM Satellite Radios bad news, and that XM's situation has impacted the sector.
Report excerpts:
"In our opinion Sirius' fundementals remain intact andthe recent declines are overdone""In our opinion, recent SIRI price declines were driven by Non Sirius Related and Non Fundemental that are largely isolated to XMSR...." SSG reader can visit Merrill Lynch HERE5/25/2006 09:44:00 AM
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