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Monday, November 5, 2007

Buy (SIRI) for long term

Buy (SIRI) for long term
An influential advisory firm for institutional shareholders recommended its clients vote in favor of Sirius Satellite Radio Inc.'s (NASDAQ:SIRI) planned acquisition of rival XM Satellite Radio Holdings Inc. (OTCBB:XMSWW) (OTCBB:XMSRZ) (NASDAQ:XMSR)

It appears that combination would allow shareholders of both companies to participate in the expected benefits of the larger entity.

Big retail investors are running this up nice and slow since $2.76 mark.

Stock will jump to $4.60 to $5.60 a share.

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