Sirius XM Canada Holdings Inc T.XSR

Consumer Cyclical Broadcasting - Radio

"Sirius XM Canada Holdings Inc is a radio broadcasting company with approximately 2.7 million total subscribers. The company broadcasts music, sports, talk, entertainment and other content on a subscription fee basis in Canada. It includes over 12 Canadian channels designed and developed from studios in Toronto, Montreal, and Vancouver. It derives revenues from the sale of subscriptions, activation fees, advertising, and equipment sales."

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Sirius XM Canada Holdings Inc > Analyst Comment

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Post by retiredcfon Jun 07, 2015 7:11am

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Post# 23804590

Analyst Comment

XSR-T

2015-06-04

PAST TOP PICK

Mike S. Newton, CIM FCSI

(A Top Pick May 6/14. Down 17.14%.) Had been very disappointing. He loved the yield and everything about it. He is very familiar with Sirius in the US, which has been a pretty good success story. This wasn’t very well liked 5 or 6 years ago and then started coming back to life and looked like it was in good technical and fundamental shape. There were a lot of things with respect to tax impact and sustainability of their dividend. There is a CRA assessment against them. He got stopped out almost immediately after buying it. Their installation metrics are almost 60% in new cars, and people expect that to stay in the 70% range over the next 3 years.