Bullet Point 5 – Sirius XM Recovers
If you blinked you missed it! SiriusXM saw a quick dip to $2.79 on rumor that Apple will launch a radio service in 2013. The equity has recovered. Pandora was not so lucky. It saw over $2.00 come off of the share price, and was halted for a bit before returning to action. For SIRI investors it was a speed bump… thus far. This Bullet Point is a SiriusBuzz Premium feature that is being made available to all readers.
Is Apple a major roadblock for SIRI XM ? At what point must we worry that SIRI won’t climb to 4 and higher ?
Dont worry. Siri will make a run towards $4 soon enough. Just wait until the share buy back plan is announced. 🙂
Seriously. Pandora and the other Internet radio services are the ones who need to worry. They don’t have the content that Sirius has for protection. Plus Sirius has a unique delivery system and is commercial free. Etc etc.
Aren’t u glad Mel got all that content now? 🙂
No worries.
thanx
Apple will at some point be a concern. As will google. Sirius XM has content, but that is not as unique as it once was. What Sirius XM needs to do is keep up with the unique content to keep people tuned in and competitors at bay. Not a huge deal now, but two or three years from now it could be substantial. The company needs to get involved with wireless providers like Verizon and AT&T as well.
Spencer, Thank you for your answer. As a Premium Member, I feel like I am being treated royally during this historical and tumultuous time for SIRI XM radio.
I agree Spencer. Sirius can’t be complacent. Especially with Apple. But as u say, they should be protected for awhile. At least long enough for some good stuff to happen, like share buy backs and making a run to $4. 🙂
Barrier to entry with apple and music will devour the streaming music services. Sirius has content but I’m sure a big part of apples deal will be podcasts including adam carollla as the biggest draw. Maybe that’s why opie and Anthony’s deal was only 2 years and stern ending close to then.
By that time the Lte buildout should be complete.
I personally would keep an eye on the bouncing ball.