Mel Karmazin doing some insider buying of Sirius XM Radio (SIRI)
The company's CEO stepped in to buy 2 million shares ... taking advantage of a historically low price for the satellite radio provider. At an average price of $1.3732 a share, Karmazin is adding to his stake at a price point that hasn't been seen since May of 2003. -Stock Article Link"After the merger, SIRIUS XM Radio begins day one with over 18.5 million subscribers, making it the second-largest radio company, based upon revenue, in the country; and, based upon subscribers, the second largest subscription media business in the U.S. With under 10% penetration of the home and car market, the opportunity for continued growth is significant."-Stock News
Labels: insider buying, siri
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