Re: Sirius Satellite Raido (SIRI)
 

Look at SIRI # of os shares compared to xmsr # of shares

xmsr-204.4 million
siri-1.237 billion

SIRI has 6x the os stock as xmsr.

Re: Sirius Satellite Raido (SIRI)
 

I understand the concept and I am not saying the fool is right or wrong. I'm just passing along the info. They make a decent case for liking the stock if you read the article though.

Re: Sirius Satellite Raido (SIRI)
 

I think it is the old: "good company, bad stock" story. Mgmt is paying huge $$s for content (the NFL - who is going to listen to games on the radio as opposed to watching on the TV - Howard, etc) because they need to gambooool in order to make this work. They'll just issue more and more stock to pay for all these bets and the current stockholders will probably get screwed.

Re: Sirius Satellite Raido (SIRI)
 

I have also read that any time SIRI wants to raise funds they just issue more shares to sell...I think they did this a few days after the Stern announcement...Personally I bought the stock at $4 and have lost a little as it is about $3.90...I do think that Stern will turn out alot of new listeners for SIRI which will suprise all the SIRI haters out there...

Re: Sirius Satellite Raido (SIRI)
 

Did anyone get in on the 'pop'. I'm out for now sold at $6.67 doubling my investment.

Peace,
Joe Tall

Re: Sirius Satellite Raido (SIRI)
 

Joe,

I was going to buy at 3.90, and didn't for some dumb reason. Now I'm sitting here as it's at 6.72 and waiting for the time to get back in.

What price do you think would be good to buy at?

Re: Sirius Satellite Raido (SIRI)
 

the time to buy will be after they go into bankrupcy and obliterate all the stockholders equity. then they reorganize and issue new shares. then take a look.
now they are something like a seven billion dollar company based on market capitalization. with no real earnings. where is their future. no matter how good the product is people arent going to pay 100 bucks a month or buy ten subscriptions.
besides this will be like fm radio was. few ads at first then too many.

Re: Sirius Satellite Raido (SIRI)
 

This company isnt going bankrupt.. they are sittin on 800 mil in cash. They WILL have 5 mil subscribers in 1 year. They will be bringin in 600 mil a year on subs alone then add the advertising they will be selling. In a few years they will be profiiting over 1 billion year ez. I got in at 3.80.. just bought more today at 6.41... this suckas gonna go.

Re: Sirius Satellite Raido (SIRI)
 

they have 800,000 now getting to 5 million is a stretch, so you lose much credibility on that. plus the company is valued at about one quarter as much as fed ex. so how many think this company that is losing money is worth one quarter of fed ex.

Re: Sirius Satellite Raido (SIRI)
 

Im long 1000 at $4.02 have moved my stop up to $5