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| Address URL | http://www.alleyinsider.com/ Registered: 22-Mar-2008 |
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 Send to email | Now He Tells Us: Sirius XM Sees Slower Growth Ahead (SIRI) in SIRI |  By Silicon
el 06-Nov-2008 |  The growth glory days are over for Sirius XM: The company's new long-term growth forecast calls for single-digit year-over-year subscriber growth at least through 2013.
Specifically, Sirius (SIRI) expects to grow its subscriber base 10% this year, then 8% in 2009; 7% in 2010; 9% in 2011 and 2012; and 8% in 2013. That's average growth of 1.9 million net subscribers a year through 2013 -- a sharp slowdown from 2007 and earlier.
Why so slow? Sirius depends on the auto industry, which is in the toilet, for most of its growth. And competition is rising -- don't count out the wireless industry, for example.
sirius-xm-growth-through-2013.gif: Paste this image in your site, Myspace, Facebook, Ebay copy this code...
Sirius XM expects positive free cash flow in 2010, rising to $1.4 billion in 2013. Shares are up 3 cents to $0.29 today.
See Also:
Sirius XM Hosed By GM's Bad News
Goldman Whacks Sirius XM Growth Estimates, Drops Price Target To $0.25
SiriusXM CEO: Car Sales Can Tank And We'll Still Be Fine
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