Sirius Stock - How low will it go?

[WiiiiiiMan]

Curious on what some of you think about Sirius Stock right now. It's at $3.08, a 2 year low. I think they have a solid product that is going to get bigger not smaller.

Wondering if it can go much lower and if you think it's a solid buy. I'm starting to think so.

Thx.

[wickedgoodtrader]

Good question. I love the product too. I was a lucky one who actually made some money on this stock years ago when I bought on the new Stern news then road it to the blow off top and sold the next day.. lost a bunch of profits that day but still made a good amount. I'd wait until a serious break in the trend occurs. Could be some good money to be made when the trend reverses.

[Gugel]

It's only a matter of time before satellite radio becomes obsolete. Wireless internet (iPods too) will eventually be available everywhere and you can listen to just about whatever you want. Drop this [censored].

[midas]

A couple of facts:

Sirius and/or XM radio is here to stay. They have taken the DirectTV model and eventually will become profitable and succeed. Talent and unique content drive ratings and subscribers and Sirius/XM has the $$$ to buy the talent. Regular radio is stuck in the stone age and HD or wireless internet isn't going to save anyone when the radio industry can't get people to listen to the stations that are already on the air.

BTW, it's much easier to discuss the valuation of SIRI using enterprise value rather than per share price. The Sirius eneterprise value is currently $5.1 billion and XM's is approximately $4.8 billion. These valuations reflect the deal terms of the merger agreement where both firm's have approximately equal value.

[john voight]

how does wireless and ipod come into play when I am in the car? I find the ipod being plugged into tape deck is dumb; many new receivers do not have tape decks, only cd.

IMO most of radio listeners are in their cars, not at home. How does this effect sirius in terms of competing w/ ipods/ other radio formats?

I'm I out of line here?

[Sniper]

Can someone explain why they think HD Radio, will have an impact on Sat Radio, and what that impact will be?

[Shoe]

[ QUOTE ]
how does wireless and ipod come into play when I am in the car? I find the ipod being plugged into tape deck is dumb; many new receivers do not have tape decks, only cd.

IMO most of radio listeners are in their cars, not at home. How does this effect sirius in terms of competing w/ ipods/ other radio formats?

I'm I out of line here?

[/ QUOTE ]

The advantage that satellite has over ipods is that you need to program your ipods (by that I mean download any content on it that you want to listen too -- if that has changed recently please let me know). Even if you keep it constantly updated, I would imagine that you would like to hear something else every now and then, if for nothing else just to hear what is new. And one of the big reasons ipods in cars are so popular is that the public radio sucks for the most part. Satellite is much better, but how well it competes with something like an ipod will vary a lot from person to person i think. The market is definitely big enough for both.

With satellite radio, you just tune to one of your many stations and are listening to much better content than you can currently get off of any am/fm radio station, and the music is commercial free.

Not sure how music and copyrights and all that will work with wifi and HD radio and all that (by this I mean if the RIAA is going to try to crack down over "free" music being broadcast over the airwaves). Satellite will also have all pro sporting events, howard stern, etc... and other content that people are willing to pay for.

[pig4bill]

[ QUOTE ]
Curious on what some of you think about Sirius Stock right now. It's at $3.08, a 2 year low. I think they have a solid product that is going to get bigger not smaller.

Wondering if it can go much lower and if you think it's a solid buy. I'm starting to think so.

Thx.

[/ QUOTE ]

Why would it be a solid buy? They lose money. They lose more money every year than the year before. They have always lost money. There's no reason to believe they will ever stop losing money until they fold up.

[spino1i]

yeh stocks are only actually worth something if the company actually makes money, or has a chance of making money in the future. I dont think is the case with Sirius, and I think the market knows this too, hence it being at its 2-year low.

[SlowHabit]

Get away from tech stocks.

Invest in something like Wal-mart or Costco.