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Sirius XM Holdings Inc. Message Board

  • holidayinnandout holidayinnandout Dec 18, 2012 9:45 AM Flag

    Outperform Rating On SIRI Due To CPR Royalty Decision

    Barrington Research raises its price target to $3.75
    The Copyright Royalty Board Issued ....its Ruling as to Satellite Radio Royalty Rates ...for the Next Five Years: ....Specifically, in its ruling dated December 14, 2012,.... the CRB determined that royalty rates.... currently at 8.0% would be adjusted to be 9.0% of gross revenues for 2013 and rise by 50 bps per year.... to an ultimate level of 11.0% in 2017. … Having this issue settled is important ...from an investor standpoint.

    Sentiment: Strong Buy

 
SIRI
3.73-0.02(-0.53%)Jul 2 4:00 PMEDT