Tuesday, November 07, 2006
CNN Money: SatRad Set To Soar
Satellite showdown
Shares of radio firms XM and Sirius have sunk this year, while satellite TV stocks EchoStar and DirecTV have soared. Here's why that might be about to change.
By
Paul R. La Monica, CNNMoney.com editor at large, November 7 2006: 12:02 PM EST
NEW YORK (CNNMoney.com) -- Satellite radio stocks have had a difficult time lifting off this year, while shares of the top two satellite television firms have soared to the stratosphere.
But after the latest round of earnings reports from XM Satellite Radio, Sirius Satellite Radio, EchoStar Communications and DirecTV, some think that the radio stocks may finally find themselves rising higher while the TV stocks fall from orbit.
Howard Stern has helped boost Sirius' subscriber base this year. But his presence hasn't lifted the company's stock price...
...and although rival shock jocks Opie and Anthony are making waves on XM, Wall Street doesn't care. XM's stock has also taken a huge hit this year.
Shares of satellite TV firms EchoStar and DirecTV have soared this year but satellite radio stocks XM and Sirius have taken a beating.
On Monday, XM reported a smaller than expected loss for the third quarter and the stock surged 15.6 percent on the news. Even with that big gain, though, shares of
XM (
Charts) are still down more than 50 percent year-to-date....read more:
here11/07/2006 12:15:00 PM
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