2006-10-05 17:20:26 · 4 answers · asked by rotsos_1 1 in Business & Finance ➔ Investing
SIRI is not a terrible speculative play, it might be bought out eventually by XM radio because if it was taken over or there was a merger the SIRI stock would be worth around $80 a share. It is cheaper in price than its competitors but it isn't as good of a company so I would steer clear of SIRI in favor of XM. But I would wait a couple of weeks before I buy anything. The market will be selling off for a little while before the Bull market takes over the whole way, and you will be able to see their Q3 numbers.
Hope this helps
2006-10-05 23:32:45 · answer #1 · answered by Garrett J 2 · 0⤊ 0⤋
It all depends. If you like to buy stocks because they're cheap, then yes. Else, NO WAY.
SIRI has been in an overall downtrend for about 2 yrs, with a serious downtrend the last year. Meanwhile, they and their competition have done little to expand the market and just basically continue to steal share from one another.
Find a better stock. VZ (Verizon?), ANF (Abercombie and Fitch)?
Hope that helps!
2006-10-06 01:01:41 · answer #2 · answered by Yada Yada Yada 7 · 0⤊ 0⤋
I honestly do not see any hope at all for that company. There is speculation that it might be purchased. If so I pity the purchaser. The balance sheet looks worse than that of a 3rd world country and even worse than the U S government's.
2006-10-06 10:51:08 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Not at all, buy quality
2006-10-06 00:56:37 · answer #4 · answered by Jeff P 1 · 0⤊ 0⤋