Sirius XM Gets Exposure In An Unlikely Way
According to reports, the Saudi super tanker was hijacked Saturday, November 15th by Somali pirates, who are bringing the taker to one of their ports. An international outcry has ensued, and nations are calling for an international effort to combat piracy.
While the drama unfolds, Sirius Star will remain in the news, and by extension, the Sirius name will be on the minds of many. Will it result in boosted retail sales? Likely not. It is more likely that this will become an excuse to raise oil prices once again. Oh well.
Position: Long SIRI.
OUR stock price is being hijacked…trading at .2129 at the time of this post. How ironic is that?
It could serve as a reminder to those that have wanted Sirius but haven’t gotten around to it. I predict that it adds 200 or so new subscribers…
Who are the pirates? goldman sachs, winkes, cramer or the mangey fool
J56D
Yes all of them and Mel’s previous financing disaster and lack of present financing as well as the SIRI Board.
and the embarrasing PPS now at .20 today..how long before it trades in the mid teens?
and the DOJ, the FCC, the NAB, and last but not least George W Bush – under who’s watch this country has squandered hundreds of billions of dollars, involved us in wars that have left thousands killed and maimed, and who’s incompetence and total lack of vision has demoralized and crushed the hopes and spitit of an entire nation.
This is the best advertising I have seen Sirius do. Kudos to Mel and his team. Next, maybe Osama and his team will fly an airliner into Sirius Corporate Headquarters. Hopefully an empty jet(besides the terrorists), no need for any more innocents to go down with the ship(no pun).
Amen Steve