The Official "Hot Damn, Sirius Stock Is Up 15%" Thread

[absolu7]

back at 7.4
crap stock

 

[RossMAN]

Originally posted by: austin316

Originally posted by: Noirish
Hugh decline today, as I was saying yesterday...

Who is Hugh Decline?

A relative of Sir Edmund Typo, it should have been HUGE DECLINE :roll:

 

[fs5]

down 20% today, wowie.... Still only 12% loss for me.. .we'll see how it does tomorrow morning.

 

[amoeba]

why do people buy after they see a huge increase?

this is one of the dumbest things you can do.

 

[Night201]

Originally posted by: RossMAN
Roger - I am seriously considering the Sirius Hot Deal for 1 year.

Do you think they'll still be in business 1 year from now? That is my greatest concern.

Of course they will!

 

[Night201]

Originally posted by: fs5

Originally posted by: Ranger X

Originally posted by: Muadib
Not buying was a huge error on my part. A guy I work with rubs it in my face every chance he gets. He's making a killing from both Sirus and XM.

My mistake was not buying enough. 🙁 I'm making chump change.

same here, which is why I just bought more 😉 I'm for the long haul.. ie about 3 months 😀

I got in earlier around $2.25/share and I'm staying in for probably about 3 years or so.

 

[fs5]

http://www.orbitcast.com/archi...2/ipod_sirius_sat.html

 

[Night201]

Originally posted by: UTmtnbiker
RossMAN,

I definately think they'll be around for at least 1 more year. I haven't figured out what their burn rate is as I'm not a serious investeor or consumer, but it looks like they've been financing the company through the issuance of stock for the last 4 quarters and a large loan at the end of Q2. Without that, the company would be even more seriously into a negative cashflow.

Also, their costs of doing business is growing much quicker than their total revenue. Unless they can control the cost of doing business it'll be difficult to keep on growing.

They do have a lot of cash on hand and other short term assets (in excess of 550 million at the end of Q3).

Like I said, I think the financials to really look at are the ones coming out for this next quarter. If most of the numbers have improved, then I think there's a good chance of them sticking around for a while. Even bad numbers won't necessarily mean that they are a company about to go bankrupt. It just means that eventually, if those bad numbers continue, they'll have to find other investors willing to pony up backing to keep the company running.

Originally posted by: RossMAN
Roger - I am seriously considering the Sirius Hot Deal for 1 year.

Do you think they'll still be in business 1 year from now? That is my greatest concern.

They have about 800 Million in cash and they will do much better next year as 2006 approaches and Stern starts broadcasting. You'll have more subscriptions, more car subscriptions from new car sales, more ad revenue coming in, etc...

 

[Adul]

down 19% ouch 😛

 

[Noirish]

Originally posted by: Noirish

Originally posted by: fs5
J.P. Morgan downgraded it today.. f*$&ers

Nothing wrong with the downgrade.
All clear-headed analysts should downgrade this stock to HOLD or below.
This stock clearly runs on news and future speculation.
It should be noted that Howard won't be joining until 2006.
It simply can't ride that news for a whole year.
It has to come down sometime next year.

And to vi_edit, it was $2 about 4 month ago.

I know it'll probably go up more, but my heart simply can't take that excitement.

Maybe I should be an analyst. =)

 

[snoopdoug1]

Originally posted by: Adul
down 19% ouch 😛

Make that 23%

 

[Noirish]

Originally posted by: Night201

Originally posted by: UTmtnbiker
RossMAN,

I definately think they'll be around for at least 1 more year. I haven't figured out what their burn rate is as I'm not a serious investeor or consumer, but it looks like they've been financing the company through the issuance of stock for the last 4 quarters and a large loan at the end of Q2. Without that, the company would be even more seriously into a negative cashflow.

Also, their costs of doing business is growing much quicker than their total revenue. Unless they can control the cost of doing business it'll be difficult to keep on growing.

They do have a lot of cash on hand and other short term assets (in excess of 550 million at the end of Q3).

Like I said, I think the financials to really look at are the ones coming out for this next quarter. If most of the numbers have improved, then I think there's a good chance of them sticking around for a while. Even bad numbers won't necessarily mean that they are a company about to go bankrupt. It just means that eventually, if those bad numbers continue, they'll have to find other investors willing to pony up backing to keep the company running.

Originally posted by: RossMAN
Roger - I am seriously considering the Sirius Hot Deal for 1 year.

Do you think they'll still be in business 1 year from now? That is my greatest concern.

They have about 800 Million in cash and they will do much better next year as 2006 approaches and Stern starts broadcasting. You'll have more subscriptions, more car subscriptions from new car sales, more ad revenue coming in, etc...

I'll probably invest some next year during light trading months, but $7-$9 is not realistic.

 

[chowderhead]

Originally posted by: Noirish

Originally posted by: fs5
J.P. Morgan downgraded it today.. f*$&ers

Nothing wrong with the downgrade.
All clear-headed analysts should downgrade this stock to HOLD or below.
This stock clearly runs on news and future speculation.
It should be noted that Howard won't be joining until 2006.
It simply can't ride that news for a whole year.
It has to come down sometime next year.

And to vi_edit, it was $2 about 4 month ago.

I know it'll probably go up more, but my heart simply can't take that excitement.

yep, I was on an airport shuttle yesterday and some dude was buying 500 shares of this. They are trading on the news that Toyota (which already offers XM) will start offering sirus in their cars. I think either this company will go out of business or will be bought up by XM or one of the cable companies. Today drop is profit taking. I personally feel the audience for pay radio is too small considering that the demographics of regular radio is so fragmented (and much smaller and slightly older) to begin with.

 

[CChaos]

Ouch according to that link SB and Bear Stearns said the price was inflated and downgraded the stock today. My brother-in-law bought some recently and has been very happy because of it (novice investor, checking the price every day). This will bring him back to reality.