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Tuesday, August 29, 2006

CRT Capital Group Lowers Target On Sirius (With A Caveat *)


CRT Capital, the group that lowered their rating on XMSR on August 22, has done the same with Sirius.

Before reading the XM note, I had never heard of CRT, so I checked them out, and found that they have just four analysts (LINK), none with apparent expertise in media, or investment banking for that matter, so I am taking their comments with a grain of salt!

(*) : I just got a comment from a credible source that CRT Capital has a short position in Sirius stock. A conflict of interest, perhaps...?


Sirius Satellite Radio-SIRI reiterate Sell, target lowered@CRTC
(theflyonthewall.com 08/29 09:39:27)

The firm lowered its target to $3 from $4, as they believe the company's pricing poweris maximized at 15%.

8/29/2006 11:51:00 AM


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