Just Thinking and Wondering Outloud

A good friend of mine just purchased a Sirius satellite radio, and is totally enthralled with it.

Sirius has been getting a good amount of press, recently, and is currently trading at around $3.09 a share.

Now, I will not pay for cable or satellite teevee, but many, many individuals will, and do.  What I am wondering, is, will individuals embrace satellite radio as willingly as cable and satellite teevee?  If so, now may be the time to pick up a few thousand shares of Sirius, cheap.  What do ya think?

Posted by on 06/18 at 04:31 AM

  1. Hmm… Might not be a bad idea, although there are two reasons I’d be a bit cautious.

    First, XM Satellite Radio is already doing quite well and might outcompete them.

    Second, Sirius still has some pretty steep negative earnings per share.  It might be a good buy, but it’s definitely not a no-brainer.

    Keep in mind though that I’m not a broker, and my advice probably isn’t worth much.

    Posted by Jason Kuznicki  on  06/18  at  05:00 AM

  2. I’m not looking for broker advice, because I don’t buy on broker recommendations.  I’m looking for free thinkers thoughts, to mix with the thoughts I’ve had so far.

    Posted by  on  06/18  at  05:35 AM

  3. $3 is actually pretty steep for a niche-market tech stock with competition. Especially heading into the summer trading doldrums—it could easily be under $2 by August.

    SIRI was a major pump & dump & short candidate during the recent Clinton spike: http://tinyurl.com/3ac3b

    Not all the press is good: http://moneycentral.msn.com/investor/srs/srsmain.asp?Symbol=SIRI

    Posted by  on  06/18  at  06:30 AM

  4. Thanks for the input, Mike, and the links.

    Posted by  on  06/18  at  06:44 AM

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