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

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.
 
I just activated Sirius last night 😀. Got 1 year sub, with JVC tuner and car kit, shipped free, for @$102 after rebates. Thank you Hot Deals and F@t Wallet!

Maybe I should buy stock....
 
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.
Click to expand...
My mistake was not buying enough. 🙁 I'm making chump change.
 
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.
Click to expand...
My mistake was not buying enough. 🙁 I'm making chump change.
Click to expand...

same here, which is why I just bought more 😉 I'm for the long haul.. ie about 3 months 😀
 
Looks like a huge momentum stock right now. Looking at their financials, it looks ugly. Their balance sheet looks okay, not great, but not awful. However, both their income statement and cash flow looks terrible quarter to quarter for the last 4 quarters. It'll be interesting to see if they've really improved their numbers when they release 10-Q's for this next quarter, which is what I believe a lot of investors are counting on.

That being said, I'm going to keep an eye out them for the next week or so and maybe, just maybe, jump in on a dip. 🙂
 
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.
 
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.
Click to expand...

1 year sure... they've got stern onboard for 3 (??) years and mel.
 
Damn. Wasn't it like $2.50 a share a year ago?

I *KNEW* I should have bought in 🙁
 
Originally posted by: fs5
J.P. Morgan downgraded it today.. f*$&ers
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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.
 
Originally posted by: vi_edit
Damn. Wasn't it like $2.50 a share a year ago?

I *KNEW* I should have bought in 🙁
Click to expand...
chump change. XM was less than $5 about a year and a half ago and it's close to $40 now.


=|
 
Interesting, this stock was at 80 around 2000. I didn't think that this company had been around as long as it has been.
 
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.
Click to expand...

 
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