Penny Stock to Buy #7 – Sirius XM Radio Inc. (SIRI)
Sirius XM Radio Inc. (NASDAQ: SIRI) is a stock that is usually very popular among penny stock fanatics. The radio stock offers music, sports, news, talk, entertainment, traffic and weather channels in the United States for a subscription fee.
SIRI stock has jumped an impressive 126% since last June, and 24% since January. Earnings wise, experts are projecting a jump of 2 cents in EPS this quarter, compared to the EPS posted last year. Last quarter’s quarterly revenue growth of 9% and quarterly earnings growth of 88%, year-over-year, are also strong indicators that this is a penny stock worth buying.