Tweeti subscribe to it i will say it is a excellent company great service i get a miler from them every mth with update freindly people great service i think they will do well beat buy pushes them rreal well they are part of kennwood electronics
Tweetanyone know anything on this comapny? i was thinking of puttin s ome money on it. its only 3$ right now. anyone else invest in siris as of now?
I am new to investing so any input would be great...
Tweeti subscribe to it i will say it is a excellent company great service i get a miler from them every mth with update freindly people great service i think they will do well beat buy pushes them rreal well they are part of kennwood electronics
TweetI bought it at 1.80. I like the stock alot.
Tough times don't last.....tough people do.
The problem with an open mind is that your brains fall out.
Tweetyou think its worth buying into now... or maybe waiting for it to drop slightly... i guess if im looking long term, then it doesnt matter much if i get it for 3$ or 2.50$ ??
TweetI use the service also - great product.
TweetKnow everything about it.
My take, and realize this is one persons perspective.
Classic investing battle between the believers and optimists and the realists who pay attention to things like balance sheets.
Group 1: The believers, they believe this is the next microsoft and in five years stock will be 15-20 bucks and in 10 years 200. That's very tempting and to be fair, it is a real possibility.
Why possible, cause once they get costs covered, all addtions go to the bottom line, and you have reccuring revenue like utility.
Believers say this is similar to first days of cable's.
Fair assessment.
Group 2: Believe this company going bankrupt. Why?
Last quarter they took in like 12 million dollars, yes that is right, 12 million in revenue, and lost 110 million, yes that is right they lost 110 million. A sure recipe for disaster. The loss is funded by all the IPO money they got, plus issuing additional stock. The realists say the do not have enough money too keep losing 110 mil a quarter, only enough cash for 1.5 years. Then they have too go raise more, and eventually no one will give it too them cause the debt is too high, and can not be overcome, then it's bankruptcy time, wipe out the debt, and start over, and then it will be profitable.
So, in a nutshell, company will be around just a question of who is right and who is wrong.
Suggestion, not a bad stock too own, do not become a long term holder no matter what, this stock is one of the most volatile on the market. When it shot up from 2.2 to 3.8 few months ago, it was a classic short squeeze, ie, the realists believing it would go bankrupt had a ton of stock sold short, and the stock started to move the other way, and they had too cover before they lost thier hienies.
Any q's let me know.
Trip
TweetI rode it from 23 to 38 a few years ago (they used to be a client of mine). Got out and watched them slide for a few years. Currently in averaged out at 1.27 and looking to add more.
I think they're a good buy up through 4.80
Wish I'd bought that *&%@$^&%! XM Radio back when I was thinking about it though
I like my women like I like my coffee. Sweet, hot and from Colombia!
"I can explain it to you, I can't understand it for you" - Ed Koch
My ex-wife: "Why do you date a 20 year old?"
Me: "Because I can..."
Yes, that's the gf in my avatar... YES, she's less than half my age, NO I don't care...
Tweetlol, waited for a pullback since dec. of 02Originally posted by Extranero
Wish I'd bought that *&%@$^&%! XM Radio back when I was thinking about it though
missed at 2, 4, 6, 8......
Sept. said okay, 15, this is it, I'm going, nope waited for a pullback, watched it start it's parabolic march at 20, lol
Now, I'm like okay, a pullback to 20, I'll nibble, do I? Nope.
Made a few pennies day trading it now and then.
One of one's that got away story, corse fortunately this is the worse case, lol, as thier always is
Tweeti was debating XM when it was 4$ and decided to hold... and it justkept climbing... that is why im debating sirius now.
TweetThat describes my luck with them too, without the daytrading side. Everytime I'd decide to wait, up they'd go!Originally posted by trip
lol, waited for a pullback since dec. of 02
missed at 2, 4, 6, 8......
Sept. said okay, 15, this is it, I'm going, nope waited for a pullback, watched it start it's parabolic march at 20, lol
Now, I'm like okay, a pullback to 20, I'll nibble, do I? Nope.
Made a few pennies day trading it now and then.
One of one's that got away story, corse fortunately this is the worse case, lol, as thier always is
Sirius has management problems, although it's MUCH better than the old days when I was there. I think they'll make it, even if someone has to buy them out...
I like my women like I like my coffee. Sweet, hot and from Colombia!
"I can explain it to you, I can't understand it for you" - Ed Koch
My ex-wife: "Why do you date a 20 year old?"
Me: "Because I can..."
Yes, that's the gf in my avatar... YES, she's less than half my age, NO I don't care...
Tweetext,
agree with you on the management stuff, it is much better, I'm still 50 50 on whether they make it, would agree they will be around, technology is sound, just will they run out of cash before able to sign up enough subscribers.
This quarter there aquisition cost per subscriber went thru the roof, and rebates went up also.
It's like watching a long long marathon race, kind of fun.
lxorl,
fyi, xm and sirius are about worth the same amount, and even though the stocks are priced differently they are worth the same, actually sirius today is valued more even though it has 1/10 th of the subscribers.
siruis has 1 Billion shares outstanding, yup, 1 billion, at approx. 3 bucks, whole companies worth 3 billion, and yup, only that 12 mil in revenue right now. Like a came of craps everyone is putting money on the come line.
xm has 100 million shares at 22 bucks, so worth 2.2 billion, and has almost ten times amount of subscribers, and while still losing money the metrics are beginning to work in favor, and managment has done a superb job and managing through down turn and problems.