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Research outfit Janco believes that Sirius (SIRI) will come in slightly below Wall St’s target of adding 466,000 new subscribers for the quarter. If so, the company’s stock, already under extreme pressure, could go lower.
Sirius stock is trading below $3 was at close to $8 in late 2005.
A slight miss probably has little to do with the merger with XM (XMSR), but it would almost certainly pull down the value of the combined operation.
Douglas A. McIntyre
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