What is SIRI stock worth?
What is SIRI stock worth? .. and furthermore who has the balls to prove what it is worth? I started watching SIRI about 2 years ago, I bought in a month or so after the merger process was announced. I traded in and out of SIRI from the 3-4 range for months and made like 3,000 trading a 10,000 position. I was successful at doing this because SIRI stuck in a trading pattern, and more importantly i felt like it was overvalued at 3.75 or so and very undervalued at 3.00. Once it traded under 3.00 dollars I could not trade it, because I felt like every buy was a steal.
Then Goldman Sachs seemed to take a greater interest in this stock and started issusing ridiculous price targets like 2.75, 2.50 , 1.75. I thought they were all ridiculous and all very undervalued but they all kept coming true. I stopped trading the stock and just held my core position, because I felt that under 3 this was just blasphemously undervalued. Wienkes kept coming up with ridiculous reasons to downgrade the stock and quite frankly everything that he said hasn't come true. The only thing that seems to come true is his price target.
He said the merger wouldn't get approved... he said if it got approved their would be too many concessions.. he said the NAB would sue...he said SIRI would have to take out more convertibles...he lowballed earnings and revenue etc... He was wrong on everything. But regardless his price predictions came true. :annoyed: It seemed everyone disagreed with him drastically, but the stock price only cared about Goldman Sachs. Now he has issued a $1 stock target( why because he think everyone in America is going to go deaf so they can't listen to radio?)
This is a frieken joke. I know that SIRI is worth much more than where it currently trades and $1 is simply criminal. However I can only buy so much more stock, you can only buy so much more stock. So where does the price of this stock go? If it was up to Wienkes it would go to 0, but then between me Tyler and Brandon we could buy up the float lol.
I think that a lot of us want to hold on long term, but seriously how much pain can we take. And at what cost does this all come to us as, when does it stop, and when do we get our reward? OH and if any institutions want to buy a 100 million shares ish and hold I would appreciate it, thanks.
Sell and give the shorts and day traders what they want...lol NOT
Here’s An Idea: Stream Sirius Radio On Your iPhone
Posted by Eric Savitz
You know what would be cool? If you could stream Sirius (SIRI) or XM satellite radio
on your Apple (AAPL) iPhone.
As it happens, Citigroup’s Tony Wible this morning writes in a research note that there are “reports” of a new Internet streaming application that would allow SIRI users to listen on iPhones and other mobile phones. Wible says the idea highlights that SIRI’s value “lies in its content and not its hardware or infrastructure.”
Wible notes that as the seller of iPods, Apple is often seen as a competitor to satellite radio. But he says the new streaming application suggest the two companies may complement each other. Streaming SIRI on a portable device would eliminate hardware costs and help generate new subscribers at lower cost - although he notes that royalty rates are higher for Internet streaming. It also opens the door to purchasing individual tracks heard on satellite radio from iTunes.
Wible says that SIRI’s stock has been hurt by the macro softness and weakness in auto production, but that the company is “massively undervalued,” as investors fail to appreciate the size of merger synergies, the opportunity for top line improvement and the benefits of greater OEM penetration. He maintains a Buy rating and $6.50 price target.
SIRI today is up 4 cents, or 2.9%, to $1.42; AAPL is off 33 cents, or 0.2%, at $178.97.
Company debt and tightening credit go hand in hand. Shorts have a shelf life during any investor perceived crisis or near term struggle. Covering their sales is imminent to some degree and at some point that alone is not enough as day traders dump their shares in the wake of buying. However, the time will come when other business affiliations for Siri expanding into streaming content and advertising promos will surface. The satellite radio is here to stay and eventually the real potential will become crystal clear to the BIG money and when that happens everyone better buckle up for a ride of unforgettable
proportions.
316,000,000 shares of XMSR multiplied by $8 equals $2,528,000,000. This was the XMSR market cap before the merger. With nearly 1.7 billion of debt, $400,000,000 of it at higher short term interest rate, and Siri market cap of 2.1 billion come to roughly $4.5 billion. Take into account the 18 million subscribers, and the merging costs, and the current 3 billion outstanding shares times $1.40 share price you have your current market cap. However, this is as bad as it will get as the market digs out of this current low. This company has only one way to go from here and that is up. Whether it is known or not by the general public, many good things are coming and we will soon see a huge beaming light at the start of an expanding tunnel. Please do not think that automobiles are the only potential exposure or future of satellite radio. Broadband will soon play a huge part as these guys pencil in deals with others forms of media. Did anyone really think that ABK (Ambac) would stay at $1.04 for very long? How about FNM or FRE,