Yeah, he stated something along those lines on CNBC this a.m.............not an immediate threat or issue but at some point they need to acquire, partner or develop in house a better streaming offering....basically
They're trying to take or eyes off the main priority, it's the hardware they want...Software is secondary to hardware, that's the easy part. Hey Meyers where has all that R&D $'s been going for the last few years? Mel showed us the Lynx, you haven't showed us skit. What's all that money going for? And how much did your brain committee cost all us reets and what did they say since we paid for it? You better be buying!!! You know your gonna end up being the scapegoat, right?
Hey Denco, it sounds like they wouldn't mind buying the rest for 3.15 after they drive it down further with their lack of interest game they are playing. Not feeling they have to chase statement tells me that. A selloff in this market going into summer doldrums is going to send this down to 2.70, then Malone will offer his 15% premium at 3.15 & act like a savior again.
Maxim took our price target from 5.80 down to 4.45 today
And LMCA from 220-191
Kept us both at a BUY
Seems to be much more realistic.....actually I would be more than happy with those targets by year end/early next year......with the way things have gone the last 7 months.
EDIT: Hey SXMI......truth is they don't have to chase. All they need to do is watch their ownership % go up as SIRI buys back shares.....they are in charge, no doubt.
At some point it will be in the best interest of MaloneCo for SIRI to go up and go up hard. When will that be is the question. Before the split and spin or after..........late Q2 or in Q3.....sooner...later.
Damn. 2 digits on 80 mil. Wonder if we give it all back tomorrow?
The dog had a good day today...lets see what tomorrow holds...would love to see us push above 3.30 tomorrow!!
Double top breaks are always welcome.....
Maybe this time they'll give us a few more pennies to play with....:confused:
There will be some resistance in the 3.33-3.35 area .... expect a pause there. If we get a clean break with a close above that in the next few days then there should be a rally.