When Sirius Satellite Radio ( SIRI ) persuaded Howard Stern to leave traditional radio for satellite a few years ago, the shock jock took a few potshots on his way out the door. He railed against the "censorship" on terrestrial radio, and he vowed never to return. He called Sirius "the future of radio."
It looks like a rocky future. Sirius, which completed a merger with XM Satellite Radio in July, is facing a serious cash squeeze. It has more than $1 billion in debt coming due next year, and it doesn't have the money, at least not yet. Chief Executive Officer Mel Karmazin has tried
Sirius XM is the (only) satellite radio provider for the United States, providing 100% commercial free music to over 18 million subscribers, as well as sports, news, talk, entertainment, traffic and weather. They have exclusive rights to a dizzying assortment of personalities, including Howard Stern, Oprah, Martha Stewart, Jimmy Buffet, Barbara Walters, Opie & Anthony and Willie Nelson, as well as being the official satellite radio partner to the NFL, NBA, NASCAR, NHL, PGA Tour and major college sports. They offer various other products that take advantage of their satellite capabilities,
You have to wonder what Mel Karazmin has up his sleeve next now that he has managed to pull off the merger of the decade. Now of course comes the enormous task of convincing Wall Street that satellite radio is a profitable enough business to keep the naked shorting wolves at bay. Although it is encouraging that short interest in SIRIXM (SIRI) (I PRONOUNCE THEE SERICKSUM) has been cut in half recently, it doesn't exactly fill me with warm fuzzy thoughts either. After all, shorting is what has pounded this stock into dust in the last 30 days.
The first time I bought Sirius (SIRI) stock was back in 2003. I averaged my purchases out at 1.31 per share. I sold when it hit 9.00 because as a realist, I understood then that the gains were not sustainable. I would never have thought I would live to see the stock retreat to such an attractive level again in my lifetime.
A recent JD Power & Associates report indicates that satellite radio penetration is rapidly rising. This is wonderful news for Sirius XM investors and consumers. But there is something being completely overlooked by Wall Street, which translates into an exceptional ground
Sirius XM's (SIRI) share price has now dropped to such a ridiculously oversold level. It doesn't reflect the average analyst opinion and price target. On Friday, Merrill Lynch reiterated a Buy to its private wealth clients.
Nowhere to go but up now. This is one of those products that once you've tried you can't live without. The combined companies should have great financial synergy. Now they both can move past a brutal 17 month approval process and ramp up marketing, release new subscription packages with 3 year capped rates, and begin a new aggressive push at marketshare growth. Whether oil goes up and people buy new, fuel efficient cars, or oil goes down and people confident purchase legacy fuel autos, most will be getting the "free three month trial" that has hooked so many of us in the past. These guys ...
Nowhere to go but up now. This is one of those products that once you've tried you can't live without. The combined companies should have great financial synergy. Now they both can move past a brutal 17 month approval process and ramp up marketing, release new subscription packages with 3 year capped rates, and begin a new aggressive push at marketshare growth. Whether oil goes up and people buy new, fuel efficient cars, or oil goes down and people confident purchase legacy fuel autos, most will be getting the "free three month trial" that has hooked so many of us in the past. These guys o...
Bullish on SIRI at the moment. Recent news of the merger finally being completed has really hyped this stock up. Not sure how long this can sustain given our recent economic situation. I think a subscription for radio is probably one of the last bills people want to have at a time like this. But, for those who are SatRad fans, the XM/SIRI merger has been long awaited. Sentiment for SIRI has spiked up and is extremely bullish right now (http://predictwallstreet.com/forecast.aspx?symbol=SIRI). Looking at the three month sentiment graph on PredictWallStreet.com shows that sentiment has been ex...
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Of course, the SIRI-XM merger announced as likely approved today (7/23/08) creates a spike in the share price. This merger will allow teh merged entity an economy of scale operation that is necessary as it competes with its 21st century challenges from Internet Radio, Terrestrial Radio, Podcasts and the like.
Many call this a monopoly. There is nothing further from the truth.
I am a small-fry, but I feel good about this one.
I purchased 200 shares at 1.84 on 7/1 and 400 shares
Shares of Sirius (SIRI) and XM Satellite Radio (XMSR)have fallen over 30% since the reiteration of sell ratings and lowering of price targets for both companies by Goldman Sachs last week.
With the sell off, the combined market capitalization of the companies now stands at just over $5.1B, levels not seen since Q4 of 2003.
Given the current share price of around $2.50, and with the current merger prospects, Sirius (SIRI) is now a must-own simply because it's well below its fair value of $4 a share by the average analyst.
Mad Money's Jim Cramer sees SIRI seeing $6 a share when the merger is complete.
Too many parties have too much to lose to let this one go through without a fight, TheStreet.com's Jim Cramer says.
No, it is not over. If there is one thing we have learned about Sirius (NASDAQ: SIRI) (Cramer's Take)-XM (NASDAQ: XMSR) (Cramer's Take), it is that at every step of the way, people have to try to block it or at least hold it up to the point that someone goes out of b...
The Sirius (SIRI) /XM Satellite Radio (XMSR) merger has been under DOJ and now under FCC review for longer than the Iran hostage crisis. <!---->Jim Cramer has commented that the deal may not happen. How should the stockholders expect the two stocks to react, in terms of stock price, if the deal falls through because the FCC requires onerous conditions for the merger which cannot be accepted?
The long awaited merger of Sirius (SIRI) and XM Satellite Radio (XMSR) is near FCC approval and investors would do well to jump in while the stock is down.<!--more-->
The deal was approved by the DOJ with no conditions attached and now awaits approval by the FCC. If BellSouth and AT&T (T) were allowed to merge back together after a painful divestiture, there is no way this deal can be blocked. It is going to happen. That is why both companies are putting off the Q1 stockholders meeting and have no intention of calling the deal off.
4/24 - "...it seems unlikely that the FCC will vote on the
merger at its May 14 meeting. A ruling by late May or early
June could occur. We believe the FCC is highly likely to
approve the merger with relatively modest conditions."
"Sirius should report first quarter 2008 results in early May
showing 370,000 net new subscriber additions, down from 556,000 a year ago...Sirius could end the first quarter with 8.7 million subscribers, up 32% year over year. We anticipate the majority of subscriber additions will come from OEM automotive distribution. Sirius should continue to lead the satellit...
What's a poor white boy from Arkansas to ?
- Alright, I will be the first one to confess I need advice. I cashed in some dollar leaking mutual funds and took some lame advice. I bought 70 shares o...
Deal done
- With the XM deal finished after long months of negotiations and oppositions for the merger, its finally over. I think Sirius XM holding is now the sole...
siri merger
- SIRI has become more bearish with hype of the merger on the verge of being completed. Price targets are set high, but the price is at its 52 week low. ...
Trader who needs HELP!!
- Im looking for a Stock Pick Website. What are the most important things for me to look for? What makes a good Stock Pick site? What sort of content sho
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