Barrington Research analyst Jim Goss writes in a recent report that he feels Sirius Satellite Radio Inc. is “better positioned” than XM Satellite Radio Holdings Inc. to achieve profitability should the merger not go through.
“We continue to believe that the FCC will likely approve the merger, although the time frame remains unclear,” write Goss.
Barrington adds that, “if the merger is blocked or the approval language contains unacceptable conditions, we would continue to favor Sirius as the better standalone operator.” Goss said that Sirius is “better positioned” than XM “to achieve profitability in a shorter time frame with relatively less downside risk.”
In a report on XM, Goss noted that, “In the event that this does not occur, we feel some risk would exist in the stock.”
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