For the last several weeks it has been dropping. I think it is time for it to turn around.
2007-03-27 09:15:05 · 4 answers · asked by Anonymous in Business & Finance ➔ Investing
Why would you think that?
I would expect it to rise when either a:) it actually has earnings or b.) the regulatory uncertainty around the merger proposal is settled
I imagine we'll see case 'b' long before case 'a'. Sirius is already obsolete. Consumers have clearly demonstrated that the future of the music industry is in "pull" technologies where they specify what programming they get, rather than "push" technologies, where it is chosen for them. Think iPod and podcasts vs. radio programming.
2007-03-27 09:40:24 · answer #1 · answered by BosCFA 5 · 0⤊ 0⤋
If you buy it, you should be very very patient about the value of SIRI going up. Congress really hasn't given many positive opinions on the merger.
But the thing in their favor is the really easy to see competition for listeners ears being so different from 5 years ago. I think it should mitigate the anti-merger skeptics. Beware though, even if it's approved you'll have to go through the integration which could affect revenues.
At least you won't have to worry about short term gains tax.
2007-03-27 16:37:30 · answer #2 · answered by Da Mayor 2 · 0⤊ 0⤋
The question you need to ask yourself is, is the the company dropping because bad news has reduced the long term outlook for the company, or is it just dropping. If its the former you may want to stay away from the stock. If its the later it could be a good buy.
2007-03-27 16:36:07 · answer #3 · answered by Adam J 6 · 0⤊ 0⤋
up to what $4 maybe but no higher they are in desperate need for the merger to go through. xm won the war.
2007-03-27 22:28:25 · answer #4 · answered by Anonymous · 0⤊ 0⤋