Originally Posted by
bdp
Since this seems to have become somewhat of a a Vegas blog today, here's my prediction:
Sirius up to.50+ by weeks end and at .75 by the end of July, then back down to the .50's after 2Q data, no matter what the outcome. Back up and finally over $1.00 by September and north of $ 2.00 by January as the end of the recession is officially announced. Within 5 years, Sirius will be trading at $40.00+ as the debt slate has long been wiped clean and Sirius shows actual substantial profits increasing every quarter.
Mel Karmazin will retire smelling like a king and all will hail him as a god because all of us, that have held long like fools, will have been tremendously rewarded and can barely recall that sinking feeling. Mel will publish his memoirs that will rank somewhere on the NYT best seller list. And later, as he lay on his death bed at his Palm Springs retreat, he will obsess on his experience ruminating on the single thought of "I think we paid Howard Stern way too much". But none of us will care because we will be filthy rich and forget who he even was... Then another bubble will burst and all will implode beginning the cycle of doom once again.
This is my pipe dream and in no way reflects reality in any respect.