Sirius stock is kind of stable. It's not going up much, it's not going down much. I'm sure at one point it will change significantly, but who know's when. What are that odds that Sirius isn't reporting it's profits? Maybe that's why it's stock isn't going up. That's what other scandals have revealed. Can Sirius be royally screwing it's shareholders?
2007-01-03 01:23:23 · 5 answers · asked by seven_70 2 in Business & Finance ➔ Investing
Surprising you should ask just now. Sirius just reported that they were cash flow positive. That is a step in the right direction.
2007-01-03 02:36:24 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Sarbanes-Oxley has single Handel cemented the stability of the accounting and auditing profession for years to come, so I doubt that management at Sirius or any other company could get away with the type of fraud you are referring to. Of concern for me is the dilution and the shrinking margins. This stock may get a bump after the recent news, but long-term with all the WI-FI and iPod news, unless there is a merger, I don't see Sirius breaking $5.00.
I would wait until the news on the positive cash flow has some time to sink in, maybe do a cash flow analysis, and then make a buy decision. On the other hand, you could trade this stock on its ups and downs. With enough capital you could make good money on 5 to 10% price moves. Throw in some options and this stock is a money maker every time.
2007-01-03 20:57:32 · answer #2 · answered by neua0001 1 · 0⤊ 0⤋
Is it possible, yes. But there are incredibly wealthy companies and banks that are invested in Sirius that believe it is a good investment. Also, the information that is required to be made public (due to the demise of Enron and Worldcom) leads me to believe that Sirius is a much more viable company than the other 2.
All stocks are a risk and the owners could lose their entire investment. I personally want the best adviser and research team evaluating my investments. That is why I put my money in the best mutual funds and trust their management teams to make the correct choices of companies to buy and sell. Unlike stock brokers, mutual funds are required to make public the performance of their recommendations.
2007-01-03 09:34:38 · answer #3 · answered by MR MONEY 3 · 0⤊ 0⤋
More likely Sirius is fudging how many subscribers they really have. I think they are counting stuff like any unit preinstalled in a new car as a subscriber. Unsold cars, and units that have never been activated basically being counted as subscribers.
2007-01-03 09:31:51 · answer #4 · answered by tenbadthings 5 · 0⤊ 0⤋
there is a nice analysis on Sirius and XM radio. I highly recommend you read it.
http://ibooyah.com/blog/2006/12/satellite_radio_evolution_xmsr.html
2007-01-03 13:03:15 · answer #5 · answered by Anonymous · 0⤊ 0⤋