Sirius Expects 2nd-Quarter Sales to Rise 25%

(The merger was voted on between xm and sirius Friday with the final vote given for apoval of the merger!)

I've been watching this stock because it fascinates me the political struggle that has gone on with it and am pleased to see the voice of the people win in the end. It's actually been going on for 17 months and finally is approved for the merger. I watch cnbc while I work on my computer and can't wait to see the upward movement take hold on this stock. Even if I can't jump in myself, I see it as a learning process so when I can do this myself later I will be better informed.

Full story here

Sirius said that revenue for the second quarter 2008 should be approximately $283 million, up from $226 million in the same period in 2007. The Thomson Reuters average estimate currently stands at $283.9 million. Sirius also said that it will have an adjusted loss from operations of $24 million, narrowing from an adjusted loss of $79 million a year ago.

Additionally, Sirius said its subscriber count rose 25% from a year earlier to 8.92 million. Retail subscribers were up 7% in the second quarter, while OEM subscribers, which include automobile installations, surged 53%. Monthly churn, a measure of how many subscribers left the service, decreased to 1.6% from 2.1% in the year-ago period, and the conversion rate is estimated to increase to 48% from 47% last year.



Personal take, I wish I had the money available to get in on this right now since the stock is set to go up now with the recent events that have happened.