Sirius Hit By NHL Lockout and 1 High Demand Stock Attract Attention
Yahoo! Inc. (NASDAQ:YHOO): According to a filing with the Securities and Exchange Commission, David Einhorn’s hedge fund, Greenlight Capital Inc., purchased shares of Yahoo! Inc. and General Motors Co. (NYSE:GM) during the third quarter, while selling stakes in UnitedHealth Group Inc. (NYSE:UNH) and Hess Corp. (NYSE:HES). Einhorn’s fund purchased a 5.05 million-share stake in Yahoo and added 4.16 million GM shares during the three months ending September 30. The hedge fund sold 2.29 million shares of UnitedHealth, 4.59 million in CareFusion (NYSE:CFN) Corp. and 2.09 million in Hess, representing all their shares.
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Sirius XM Radio Inc (NASDAQ:SIRI): According to their latest financial report, Sirius XM Canada Inc. could be hurt by the NHL lockout with the possibility that some customers may cancel their subscriptions due to a lack of hockey games. Canadian Satellite Radio Holdings Inc. (TSX:XSR) said that they are not able at this point to determine with a fair degree of certainty what the impact of the NHL labor negotiations will be on the company’s financial results. Sirius XM Radio owns a minority interest in Sirius XM Canada.
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