According to Forbes.com, the satellite radio giant just
announced that it ended 2013 with 23.9 million subscribers. Not only is this a
9% improvement year-over-year, but the subscriber total is 3% above the
company’s original guidance to start 2012.
In other words, what investors have long known about Sirius
still proves true – the company under promises and always over-delivers.
Likewise, management said that it expects to meet or exceed all of its 2012
financial guidance, which is due out in a couple of weeks in the company’s Q4
earnings announcement.
Tom’s Take: I offer
two reasons: 1. SiriusXM offers unique
programming and 2. More people are not happy with traditional radio.
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