i was thainking about buying so stock of ( SIRI ) its at 2.79 per share. and thay have ben out for over 2 years that i know of. Do you thaink it will ever go up
2007-08-23 14:33:25 · 9 answers · asked by shawn k 1 in Business & Finance ➔ Investing
I have owned it before , but never again,,,its to risky of a stock.
2007-08-23 14:36:20 · answer #1 · answered by The Wižard 5 · 0⤊ 0⤋
This is from March and you have to pay to see the latest one but at least you can do some research based on ...
What happens if the government doesn't let Sirius (SIRI - Cramer's Take - Stockpickr - Rating) merge with XM Satellite (XMSR - Cramer's Take - Stockpickr - Rating)?
I believe the two will continue to battle it out until one guy's belly-up.
Whoever is left standing will then be able to raise rates and cut what it pays for talent. It will be a huge win for the one left standing, even if by then the stock is appreciably lower from the bleed-out. And it will be a huge loser for the consumer.
As Mel Karmazin pushes on his tour to get this deal done, I keep wondering whether he should be arguing this case. It's a devastating case to make when it comes to current shareholders of both companies. It can hurt XM more than Sirius, drive it lower, because in a lot of ways XM is doing worse than Sirius.
But ultimately it's a heck of a better case than the promises that he has made to keep prices stable, which no one really believes.
This is a business with ultra-high barriers to entry and high costs that no one else really wants to get into. Everyone who liked it initially has been pancaked, and everyone who wants it now can't buy it with the uncertainty.
Yet it continues to hold a fascination for the public that is exceeded only by the public's endless unrequited love affair with tech.
Until you know this deal is going through, you can't own the stock. If it doesn't go through, you have two goners.
But you have the end result of the government's meddling in what would be a better deal than the consumers will ultimately get.
2007-08-23 21:42:54 · answer #2 · answered by Anonymous · 1⤊ 0⤋
It is going to take a several years for SIRI to make any substantial gains in share price. They need more subscribers in order to improve revenues and earnings and that is going to take several more years. With the proposed merger of SIRI and XM it might improve sooner, but I would personally wait to see if the FCC approves the merger before I consider investing.
2007-08-23 21:44:26 · answer #3 · answered by Glen D 3 · 0⤊ 0⤋
SIRI
http://finance.yahoo.com/q?s=siri
has some HUGE debt issues / revenue . . .
$1.3 Billion in debt and only $790 Million in revenue .
http://finance.yahoo.com/q/ks?s=SIRI
That is bankruptcy 2 times over .
Think the old KMart -
They will go under , all shareholders will loose and some other business will pick them up on the bankruptcy sale . (Sears bought KMart)
>
2007-08-23 21:42:56 · answer #4 · answered by kate 7 · 0⤊ 0⤋
Hi, i recommand you a good and basic tutorial for investing. it covers all Issues related to your Investing and everything around it.
http://www.tutorialforyou.net/investing/
wish it will help you.
2007-08-23 23:28:12 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Ya I think it could within the year.
2007-08-23 21:38:04 · answer #6 · answered by Anonymous · 0⤊ 1⤋
check this link its good
http://buyingandsellingshares.blogspot.com/
.
2007-08-27 09:45:52 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Don't do stocks.You will only get ripped of.
2007-08-23 21:38:22 · answer #8 · answered by George K 6 · 0⤊ 2⤋
No one can tell wat will happen to stocks in future
2007-08-23 21:36:00 · answer #9 · answered by Anonymous · 0⤊ 1⤋