Quote:
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.comOriginally Posted by www.247wallst.com
April 16, 2007Sirius 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.
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.