Please ensure Javascript is enabled for purposes of website accessibility

A Fool Looks Back

By Rick Munarriz – Updated Apr 6, 2017 at 2:40AM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Satellites, slashes, and summits colored in the market's coloring book this past week.

It was a busy week for satellite radio. Sirius XM Radio (NASDAQ:SIRI) announced its quarterly results a week earlier than its scheduled conference call, but it was just getting started.

Just two days after delivering its first quarter of positive adjusted profitability, Sirius XM revealed that it's working on a program for Apple's (NASDAQ:AAPL) App Store to allow subscribers to stream Sirius and XM channels on their iPhone and iPod touch devices.

One can always wonder why Sirius XM didn't come through with these positive developments before handing over 40% of the company to Liberty Media (NASDAQ:LINTA), but it clearly had a hard time thinking straight when it had last month's debt repayments looming.

Sirius XM will be challenged to grow its subscriber base at this point, but surviving is a relative victory for a company that many had left for dead last month.

Briefly in the news
And now let's take a quick look at some of the other stories that shaped our week.

  • In a move to soothe investor concerns that eBay's (NASDAQ:EBAY) growth is toast, the company provided a three-year outlook on Wednesday. Growth at eBay.com itself will be a challenge, but the company expects revenue at PayPal and Skype to roughly double between 2008 and 2011. Should shareholders be worried that part of the growth thesis at PayPal involves "continued penetration on eBay" when eBay's marketplace business is reeling? Probably, but the shares have certainly been beaten down enough to the point where value investors should begin showing interest in the fallen growth stock.
  • Amusement park operator Cedar Fair (NYSE:FUN) became the latest company to slash its payout. Investors actually cheered the units higher on the news, a sign that investors are either no longer trusting yields or just relieved that the inevitable has happened and more companies are hoarding away their greenbacks.

Until next week, I remain,
Rick Munarriz

eBay is a Motley Fool Inside Value recommendation. Apple and eBay are Motley Fool Stock Advisor selections. Try any of our Foolish newsletter services free for 30 days.

Longtime Fool contributor Rick Munarriz recommends windshield wiper fluid when trying to look back. He does not own shares in any of the stocks in this story, save for Cedar Fair. He is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early. The Fool has a disclosure policy.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Sirius XM Holdings Inc. Stock Quote
Sirius XM Holdings Inc.
SIRI
$5.81 (-1.02%) $0.06
Apple Inc. Stock Quote
Apple Inc.
AAPL
$150.43 (-1.51%) $-2.31
eBay Inc. Stock Quote
eBay Inc.
EBAY
$38.19 (-0.29%) $0.11
Cedar Fair, L.P. Stock Quote
Cedar Fair, L.P.
FUN
$40.48 (-1.51%) $0.62
QVC Group Stock Quote
QVC Group
QVCA

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
329%
 
S&P 500 Returns
106%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 09/24/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.