XM and GM today announced that GM plans to build more than 1.8 million cars with factory installed XM receivers.
On a day when Sirius is down 6% to $3.91 and almost touched its 52-week low and XM is down 3% to $14.16, both on news that SIRI will miss year-end subscriber targets, a little good news is welcome.
What XM did not say, and what Wall St. would like to know, is whether the GM installation will have any effect on XMSR subscription growth for next year.
But, they aren’t talking.
Douglas A. McIntyre can be reached at [email protected]. He does not own securities in companies that he writes about.
Essential Tips for Investing: Sponsored
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
