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Sirius hit another 52-week low today at $3.06

Quote:

Originally Posted by www.247wallst.com

April 16, 2007
Sirius Falls As Market Move Higher

Sirius (SIRI) hit another 52-week low today at $3.06. It continues to drift down on no news. The Dow is up almost 1% to 12,714, and the Nasdaq is up even more on a percentage basis.

Oddly enough, XM (XMSR) is not near its 52-week low. It trades at $12 on a 52-week high/low of $23.56/$9.63.

The markets may view XM as the better off of the two if their planned merger does not go through. The company has more subscribers and higher revenue against a similar cost base . It may be able to generate substantial cash flow before SIRI.

XM continues to sell at 4x sales while Sirius is at 7x. It is a disparity that no longer makes sense.

247wallst.com

Sirius Goes and spends all that money for Howard and NASCAR, doesn't look like it's paying off for them? Sirius could be in some serious trouble if this merger gets squashed.

You trying to get the REV fired up. LOL i will let him out of his cage. :lol:

Sirius (SIRI) hit another 52-week low today at $3.06. It continues to drift down on no news.

Sirius as of 6:15pm ET on 04/19/07 Last Trade: 2.98

Talk of CBS looking to make offer for XM and merger not looking good?

Copps calls Sirius-XM merger a "pretty steep climb"

Michael CoppsWhile the Senate was holding a hearing about the Sirius-XM merger, FCC Commissioner Michael Copps was talking with David Rehr during the annual FCC Breakfast at NAB2007 on the same subject.

When asked about the merger's prospects, Copps pointed to FCC Chairman Kevin Martin's comments, "Chairman Martin has already indicated it's a climb for him, well, it's a pretty steep climb for me."

Copps added that he would not prejudge the merger since it was currently before the commission.

Copps also said that there seemed to be quite the disconnect between the NAB's argument that broadcasters did not compete with satellite radio when it came to this merger, and the argument that it was "one big happy competitive family" when it came to seeking media ownership rule changes.
http://www.orbitcast.com/archives/co...eep-climb.html

On the subject of buying stocks I have the ability to be 100% wrong. Not very many people can make that claim, but so far - and I've been trading since 1973 - I have been wrong not only with what I pick, but what I don't buy!

Stockbroker called me in 1975 (+-)....new hamburger chain! Want in?....Nah.........Wendys!

Cell phones?....what a laugh, says I; no one is gonna buy those things.

I thought Iridium was going to be the answer to our communication problems. Ever hear of it?

I was sitting in a meeting with Charles Tandy when he announced he was going to put computers in peoples homes. I laughed.

But now....NOW!...I got one! Matritech (MZT) has a blood test for breast cancer. Already has a test for bladder cancer on the market! I'm tellin' ya this one can't miss!

right. :?

I wouldnt trade my Sirius if you gave a free subscription of XM 5 times over..

Quote:

Originally Posted by Dejanh

I wouldnt trade my Sirius if you gave a free subscription of XM 5 times over..

Just the opposite for me. I love my XM. Besides, I've already got the radio, truck antenna and fought the dash to put in a direct connect FM modulator - wouldn't wanna replace it :wink:

Quote:

Originally Posted by Dejanh

I wouldnt trade my Sirius if you gave a free subscription of XM 5 times over..

That Sirius Subscription might be worthless if Sirius keeps going in the same direction.

XM SATELLITE RADIO (NasdaqGS:XMSR) Delayed quote data Edit
Last Trade: 11.74
Trade Time: 12:08PM ET
Change: Up 0.16 (1.38%)

SIRIUS SATELLITE R (NasdaqGS:SIRI) Delayed quote data Edit
Last Trade: 2.98
Trade Time: 12:08PM ET
Change: 0.00 (0.00%)

Maybe Howard can by all the Sirius Subscribers an XM unit, since he's tanking the company.