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Can this report be verified with public filings? Why would Verizon be buying SIRI stock?
http://www.ceoreportcards.com/2009/0...s-of-siriusxm/
Verizon Purchases an additional 231,614 Shares of Sirius/XM
Posted on 15 January 2009
On November 12, 2008, Verizon Communications purchased an additional 231,614
shares of SIRIUS/XM (SIRI) common shares bringing the total stake to 478,035
shares.
can only be good news if true
it only gets better from here. Verizon is in the works to be a partner of SIRI in the near future. i can see it , 5 years from now , the best in wireless will have the best in radio. its available on most phones already , but , Verizon is not " thinking outside the box " , they're thinking about the global box , as i predicted. once again , kids move technology , not adults. :D and yes kids don't have money to buy what their older siblings or parents have , but their influence of loving music and always wanting to be in the know pushes us and everybody around us to have the latest and greatest. hence the big boom of cell phone mania , wireless networks want to have as many perks as possible since the kids are gonna get cell phones regardless of what services or features it offers. its all about what's cool and " and i also have the SRadio package. i hate to say it , we might make some money in this stock in ten years. 'Quote:
Originally Posted by Demian
end of transmission
About a $30,000 investment that is questionable ...why? Will they be buying the company out with all the cash they have?
Don't get too excited.
Ya'll have to understand that all these corporations play the markets too.
GE in example trades commercial paper. Chesapeake (the oil independent producer) plays the oil futures not only as a hedger but as a speculator too.
Most banks play in the FOREX and the FUTURES markets.
500K shares of SIRI is pocket change for them these days. I can buy, me Siriusowner, about 2 times that many tomorrow and I would be just warming up...
i know its pocket change but i still think its a GOOD sign that big institutions are investing in siri, they have to see some kinda upside to be doing it. My god sirius owner you have so much money. Can I touch it? :pQuote:
Originally Posted by Siriusowner
Siriusowner,
Did you not say in a previous post that you were a starving student and had no job? Just curious that's all.
Long Sirius ~~~ :thumbup:
can someone please explain to me why Verizon spending roughly 30k on common stock is considered "good news" for us longs??
i can understand if they bought 200 mil shares....but really, come on guys...
You are mistaking me. I am not a student.Quote:
Originally Posted by Hopeful
Speculating... Why would you buy Sirius shares ?Quote:
Originally Posted by MBD529
so what your saying is verizon is willing to waste 30,000? If verizon put money into this stock regardless of the amount that means their financial guru's see siri rising in price soon, if u own siri than this is a GOOD THING.
I think Greenland and Tripping both have very valid points. Verizon would be perfect to partner or take over SIRI. Verizon could get the job done, then Mel wouldn't have to come up to bat in the bottom of the 9th! lol
*patiently waits for AT&T to buy 478,036 shares of SIRI*
Ok - maybe its' me but .... I have no idea what you are talking about here - did AT&T buy shares ?????Quote:
Originally Posted by thedude110
http://www.nasdaq.com/asp/holdings.a...&selected=SIRI
this is a link to shares owned that I have found if there is a better site I would like to know about it
thanx
The reason verizon bought in, is because this is a buying opportunity.
With $500 you can buy about 4,500 shares of a company which holds a legal monopoly in satellite radio broadcasting. I've bought about 20,000 shares over the past week. The risk is fair, the upside great, the amount of money spent to buy a large amount of shares, not a back breaker. Motley Fool use to recommend stocks which are "Rule Breakers". Maybe they still do. Siri not only has broken the rules, but presently, they're writing them. Think David (Siri) and Goliath (NAB). What would you rather have for entertainment and news, if you had a choice between a $50 AM/FM boom box (gets about 20 stations, with commercials), or a $50 satellite radio (gets about 160 channels, few if any commercials). Yes, true, there's the subscription costs. But there's also the lifetime subscription deal, and the $144 you'd have to spend a year, anyway, for prozac or high blood pressure pills (by suffering through commercial radio), which you can instead divert to SiriusXM subscription fees and forego the drugs.
These days are Buying Opportunity. Hopefully I won't be eating my words come May. I think February's a done deal. May's the next big hurdle. later
I do not know. Are you saying that investing in SIRI is wasting money ?Quote:
Originally Posted by trippingthespeculatingpos
I was going to type something else but the laugther got me... What ? T he financial guy at Verizon is some sort of god ? What makes you think he is a GURU ? C'mon tripping...
Those 500K shares purchased by Verizon are the equivalent of what a new member did when he jumped in the middle of a thread to "test" the system not so long ago in this forum. It is hilarious that you guys think of something else...Quote:
Originally Posted by billhart22
If you are going to wait for that to happen...Get a cane.Quote:
Originally Posted by thedude110
You are what is hilarious, it was a joke! Re-read it! You don't think people know what testing a stock is?? Good Lord! lolQuote:
Originally Posted by Siriusowner
And by the way, their points are good. Maybe some are not probable, but maybe they could be. Do you have the definitive answer? If so, let us know, we are waiting.