Topic: How To Invest

Hi, Pat: What is your opinion of Sirius XM Canada? Thanks.

Article Excerpt

Sirius XM Canada Holdings Inc., $4.95, symbol XSR on Toronto (Shares outstanding: 104.4 million; Market cap: $635.2 million; www.siriusxm.ca), sells satellite radio services to 2.6 million Canadian subscribers. The service includes up to 130 channels featuring a variety of musical genres, as well as stations devoted to news, sports, talk and entertainment. Most are commercial-free. The company licenses these channels from U.S.-based Sirius XM Holdings (symbol SIRI on Nasdaq), which gives it access to exclusive content by Howard Stern, Disney, Oprah Winfrey and Comedy Central. Sirius XM also has a 24.97% voting stake in the Canadian firm. Subscribers mainly access these channels through pre-installed radios in their vehicles. They can also buy aftermarket satellite radios for their cars and homes, and they can listen to programs on the Sirius XM website. In its fiscal 2015 third quarter, which ended May 31, 2015, Sirius XM Canada earned $8.0 million, or $0.06 a share. A year earlier, it lost $4.7 million, or $0.04 a share, but…