Originally Posted by
JasonLantz
I agree with Francis on some level. IF, and I say IF, the merger is approved, I do see the shares hovering around 5 dollars.
One concern I do have, with Inflation skyrocketing, and this so called Recession we are in, and which may take some time to get out of and we may have to sell stakes in our economy to the middle east, as seen done a lot recently, That troubles me for the future of Sirius and what direction it may go.
I know its going out on quite a long limb, but in a weakened economy, and jobs becoming scarce, inflation through the roof, and people struggling to buy groceries and pay rent, whats one thing consumers can eliminate from their monthly bills, a satellite radio subscription.
I know its a reach, but I do see the subscriber base shrinking instead of growing, and since our market only responds to GROWTH, and never steadiness, I don't see Sirius maintaining a 5+ or 6+ a dollar share average after merger for very long. Thats just my take on it. Once the merger goes through, im gonna take my profits and run, I just don't trust that the stock proice will keep going up, too much economic worry, and even with that worry omitted, radio is slowly becoming a thing of the past, especially with new in-car technology.