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Is Sirius stock a good buy?
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| Is Sirius stock a good buy?
- Click HERE to go to the original thread with graphics
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| koocher |
| It's pretty cheap right now, but I honestly think Sirius will put XM out of business within the next 2 years...thats gotta be good for the stock's potential future, right? |
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| highpowered350 |
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| Bababritish |
Quote: Originally posted by koocher
It's pretty cheap right now, but I honestly think Sirius will put XM out of business within the next 2 years...thats gotta be good for the stock's potential future, right? |
You're about 6 months too late. |
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| zane |
Quote: Originally posted by koocher
It's pretty cheap right now, but I honestly think Sirius will put XM out of business within the next 2 years...thats gotta be good for the stock's potential future, right? |
i think it can only get better. buy when its cheap! |
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| BisonHead |
| Are you trying to make some money? |
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| rogny |
| I HAVE 500 SHARES AND I THINK IT IS ONE OF THOSE GREAT DEALS THAT MAY TAKE 10 YEARS TO GET GOOD. BUY IT AND IGNORE IT! |
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| gay kevin |
| Sirius stock formed what is called a "double bottom" on its chart around $3.65 per share...A double bottom is hard to break through so it is not likely to drop below that level unless something horrible happens....this price is a good entry point...if you are going to buy i'd wait until this quarters numbers are announced later this month and buy on good news. |
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| koocher |
| Quote: Sirius stock formed what is called a "double bottom" on its chart around $3.65 per share...A double bottom is hard to break through so it is not likely to drop below that level unless something horrible happens....this price is a good entry point...if you are going to buy i'd wait until this quarters numbers are announced later this month and buy on good news. |
Wouldn't I want to buy before the good news? Sorry, I know shit about the market...never bought stock before...had a savings bond once, had to cash it in for weed money... |
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| w00dyee |
| It may take a LOOOONG time, but the stock should go up. XM might be a good buy too. The reason is: they have a lot of subs. Going out of business won't happen. I think the odds are that the companies will merge. Either way, you'll make money. The key is: can they be PROFITABLE. Both companies spend a lot of money to get a single sub. In a lot of cases the subs they report are freebies with cars. We may be years away from profitablity. They need to stop outspending each other for content. |
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| acefree |
Quote: Originally posted by gay kevin
Sirius stock formed what is called a "double bottom" on its chart around $3.65 per share...A double bottom is hard to break through so it is not likely to drop below that level unless something horrible happens....this price is a good entry point...if you are going to buy i'd wait until this quarters numbers are announced later this month and buy on good news. |
u would know all about double bottoms huh kevin |
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| acefree |
Quote: Originally posted by Bababritish
You're about 6 months too late. |
wtf r u talking about? had he bought 6 months ago he woulda lost about 25% of his money |
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| koocher |
So when you guys say to hold on tto it for a long time, does that mean 2 years, 10 years, or what....
I think I would sell before Howard retires, that would have to be a huge hit to Sirius...personally, the day Howard retires is the day my subscription ends... |
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| acefree |
Quote: Originally posted by koocher
So when you guys say to hold on tto it for a long time, does that mean 2 years, 10 years, or what....
I think I would sell before Howard retires, that would have to be a huge hit to Sirius...personally, the day Howard retires is the day my subscription ends... |
the day sirius has more subscribers then XM, it will be a $12+ stock.
i really see the price now near the low, its a great entry point. |
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| rod_jammer |
| The stock has been beat down quite a bit, but the key with be if they are cash flow positive by the 4th Quarter like Mel claimed they would be. Despite all of the hype that Howard talks, I'd be nervous to invest too much in a company that keeps spending money wo/profits and with more than 80% of anaylsis rating it a hold or sell. |
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| Sun Devil |
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| Patsfan |
| Fuck it. Buy the stock and sit on it for 3 or 4 years and rethink what you want to do. |
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| acefree |
Quote: Originally posted by rod_jammer
The stock has been beat down quite a bit, but the key with be if they are cash flow positive by the 4th Quarter like Mel claimed they would be. Despite all of the hype that Howard talks, I'd be nervous to invest too much in a company that keeps spending money wo/profits and with more than 80% of anaylsis rating it a hold or sell. |
uh if they werent spending money wo/ profits then it wouldnt only be a $4 stock |
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| Artful Dodger |
| I was going to drop about 4k on Sirius stock, but then I read it'll never increase that much because of all the money the company has invested in Howard and other talent. Apparently they need to see a hell of a lot more subscriptions to make serious profit. I don't know. It's impresssive to go from 600,000 to 5 million subscribers in that short a time, but I really thought there'd be even more. If the Howard listeners haven't come yet, I don't see tons more coming over. I guess it all depends on if they buy out XM. But that is a big IF. |
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| jasondylan |
| It cant get any worse.. It just a waiting situation.. |
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| LongShoreman |
I own 1000 shares and I wouldn't buy one more. This is a HIGHLY speculative stock that only popped because of the Howard news, thats all over now. For the stock to get anywhere near what it was recently selling at (7-8 dollars), it NEEDS to become cash positive and clear up some debt. Sirius has a ridiculous # of shares outstanding, somewhere around 1.4 BILLION shares, which means supply is WAY higher than demand.
Make no mistake, Sirius as a company is a complete financial disaster in a business that has yet to even prove itself. Sirius and XM cant afford to compete against each other anymore, its killing them both. Either one of these companies can be a penny stock overnight on the slightest bad news.
The bottom line? Buy as many shares as you can and hopefully the price will go up a bit so I wont lose as much money when I dump this pig. |
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| iam72hrstv |
Question, remember a small company that hired Howard Stern from NBC and built a dynasty of radio stations that eventually bought CBS and became a trillion dollar equity purchase for Viacom? That company is Infinity. The CEO was Mel Karmazin . If Mel could take 1 lone station and build a trillion dollar Equity Company imagine what he will do for Sirius.
My pure speculation is Sirius will grow to the point where the subscriber base will dwarf broadcast radio. Yes, just like cable television dwarfs broadcast television, satellite radio will dominate the radio market. Think of the change in radio broadcasting as an inversion. On day one Mel had 600,000 subs. Mel owns a large chuck of Sirius stock for a good reason. When those 600,000 subs become 50-100 million the stock will become at least a trillion dollar equity like Infinity/CBS was. In my opinion, the value of Sirius will grow by over 100 times; it will grow from 4 Billion to 1 Trillion.
The only knowledge I have of this issue is a lifetime of cable TV experience and a keen knowledge of the success that is Mel Karmazin and Howard Stern. |
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| iam72hrstv |
| Another thing, about Howard Stern's 5 year contract. He always tries to get a boost in his contracts. He will sign another 5 year contract when this one is over. He will play up the fact that he IS SIRIUS and get twice the amount he got for this contract. Yes, he will sign a BILLION dollar deal in 2011. |
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