Whats up with XM's stock?

[NORTONnFRIENDS]

Man in the last week it went from $30.00 a a share to at this second $23.50. Keeps droppin. Givin siri is still at $5.45, thats a steep drop.

[Capt'n Obvious]

I just bought 100 shares this morning... I figure that its a bargan now!

[NORTONnFRIENDS]

Man ya cant help but wonder ya know. Good luck sir on that. Hope ya hit big!!!

[Capt'n Obvious]

well im definately not looking to dump them quick ... i will hold them and im sure they'll be worth more down the road!

[Jolie]

http://money.cnn.com/2006/02/06/technology/satelliteradio/index.htm?cnn=yes

The answer to your question.

[generoso]

Hell I just bought another 5G's worth today....( and 3g's of Sirius)...

[d0uche_n0zzle]

Personally, I wouldn't touch the doggy stock with a ten foot pole. XM on the other hand, a great buying opportunity, IMO.

[FreeTheCricket]

I think this is because the "Stern Effect" hasn't been as huge as everybody thought it would be. Unfortunately, XM and Sirius are kinda tied to each other with their earnings now, much like the auto industry. When one auto maker goes up in value, generally the others follow, and when the fall, same thing. So, Sirius has not had a huge bump from Stern, their stock price falls, and XM follows. XM is still the better buy, but honestly, don't count out Sirius. It IS quite a bargain at about $5.50 per share.

[Bill]

I think that article makes a very good point about both companies being hurt by the slump in automobile sales. Given the amount of importance that both companies have put into manufacturer installs, the current slump is keeping a lot of potential customers from discovering satellite radio.

Once the two companies are better established, new car sales probably won't be as big a deal (except for customers going from one company to the other because of the brand of car that they buy). But right now, a significant factor in the growth of both companies lies in the hands of the new car industry.

[generoso]

Personally, I wouldn't touch the doggy stock with a ten foot pole. XM on the other hand, a great buying opportunity, IMO.
With over 200 million people listening to some form of radio. XM and Sirius will bith do fine. With or without Howie & OnA ...

[Kid Brock]

Where is Joe Shareholder when you need him?

[RandomNY]

I will stay away until the charts say otherwise, that and the fact the neither company is profitable yet.

XM has a much better chance to hold up, if and when the market tanks, but remember it was less than a year ago it was at $36. (It means it will have to go up almost 50% to get back to that price.)

Mel is going to dilute SIRI stock to pay for all the outlay they did for Howard, Nascar, NFL, Martha etc.. I saw him on Cramer saying SIRI will be free cash flow(PROFITABLE) by the end of 2006. I highly doubt it since everyone who was going to get the service because of Howard, I'm sure has it already.

[Sajix]

I will stay away until the charts say otherwise, that and the fact the neither company is profitable yet.

XM has a much better chance to hold up, if and when the market tanks, but remember it was less than a year ago it was at $36. (It means it will have to go up almost 50% to get back to that price.)

Mel is going to dilute SIRI stock to pay for all the outlay they did for Howard, Nascar, NFL, Martha etc.. I saw him on Cramer saying SIRI will be free cash flow(PROFITABLE) by the end of 2006. I highly doubt it since everyone who was going to get the service because of Howard, I'm sure has it already.


on a per share basis that may happen. They could easily irk out .001 per share earnings due to their huge dilution.

I thought XM was cheap at 28, I'm glad I haven't gotten in yet. Instead I'm looking to EWA, iShares ETF for Australia.

[N.Y. Johnny]

I can't believe its fallen so fast, but nonetheless, I think I'm gonna take a gamble and get some shares of XMSR. I'm glad I dumped Sirius when it was around $7 so I guessed right on that one.

Hopefully XM will start going up up and not spiral the way it has lately.