Wednesday, September 06, 2006

XMSR and SEC Inquiry - Special Podcast Report

September 6, 2006

Yesterday after the market closed, XM satellite Radio issued an 8k in which they disclosed that on August 31, 2006 they received a letter requesting that XM voluntarily produce information relating to subscriber targets and costs to acquire subscribers for Q3 and Q4 of 2005.

If you follow this equity, this is actually old news that likely relates to the class action suit against XM satellite Radio.

While it may be old news, it does not do shareholders any favors at this point in time. It once again brings gray clouds into the XM Satellite radio picture. Here at SSG, we had recorded a segment for the September 9th podcast that now is more relevant today, and thus we are releasing an "SSG Special Podcast".

This podcast discusses current subscriber guidance, and a way that we feel XM Satellite Radio can navigate through this latest bout with bad news. What is the idea? You will have to listen to find out.

This could very well be a nice buying opportunity. This news is really nothing new, and was likely baked into the price already. This makes this latest dip in price look more attractive for traders as well as long term investors.

Catch the SSG Special Podcast HERE

9/06/2006 08:21:00 PM

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