2007-02-01 14:53:36 · 7 answers · asked by Anonymous in Business & Finance ➔ Investing
I think the key to Sirius stock is whether they can ever put together a successful merger with XM, or an even better situation would be if they are bought out.
I would really like to see Apple buy Sirius. It would make a ton of sense, and the cost would be like pocket change to Apple. Any buyout will immediately spike the Sirius stock price.
With no buyout or merger, I think it's going to be a little longer until Sirius becomes profitable on their own. Their acquisition costs are still pretty high, however, their subscriber growth has been far more promising than XM, due in large part to Howard Stern.
That said, I own a small position in Sirius, only a few thousand shares. I have had good success with Sirius stock in the past, as I bought it before the Stern agreement announcement and sold it a bit afterwards and doubled up on it.
2007-02-01 15:12:38 · answer #1 · answered by Josh 3 · 0⤊ 1⤋
HELL NO!
I bought into Sirius when it made it's run to $8 back in late 2004. I was in the military and me and some other guys were tracking this thing for a while. It never took off. And if you look at the earnings statement. This company still isn't making money. I'M TELLING AS A PERSON THAT KNOWS THIS STUFF. Do not buy that stock right now.
2007-02-01 18:18:23 · answer #2 · answered by MOSES W 3 · 0⤊ 1⤋
MP3 players will kill Sirius. Most people don't care about alternative music and I doubt many listen to sports on the radio anymore. That just leaves a few talk programs.
2007-02-01 17:36:50 · answer #3 · answered by gregory_dittman 7 · 1⤊ 1⤋
im surprised they've lasted this long, they have no place in the current or future consumer market especially with ipod eating most of the music player purchases.
and one can buy and ipod for a couple hundred have their own music on it by a car a adaptor for cheap and listen to what ever they want. sirius, you have to get it installed and pay fees. i expect it'll keep falling especially if microsoft decides to compete with their mp3 player.
2007-02-01 15:03:07 · answer #4 · answered by David M 3 · 1⤊ 1⤋
I have mixed feelings about this stock. I bought it at .68 and sold at 3.40. I've also seen it go to 10 while not holding any.
Just watch it and see what happens. There are so many other stocks, going up, to buy !
2007-02-01 15:03:32 · answer #5 · answered by DixieNormus 4 · 0⤊ 1⤋
The company has a 1.37billion float and
a earnings per share(eps) of -.85 cents and its trading at 3.65. Why would you want to touch it?
2007-02-09 06:41:47 · answer #6 · answered by jakacic2001 2 · 0⤊ 0⤋
And why do you think it should go up? Is it making any profits yet?
2007-02-01 15:01:10 · answer #7 · answered by gosh137 6 · 0⤊ 1⤋