SIRIUS XM Stock: The Revolution or Financial Sludge?

Discussion in 'The Howard Stern Show' started by Captain, May 22, 2014.

  1. Captain

    Captain Alto, Blanco y Guapo Gold

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    I love checking out SIRIUS XM stock on a periodic basis. As I see it, without the patents, this "media" company might as well be selling newspapers. The stock has basically traded in a 2 to 3 dollar range (3.27 today), with no end in sight. It underperforms all the major indexes. It's the big piece of poo in the media portfolio. Remember that Malone was offering 3.68 for a buy out back in January. When that bid was dropped, it was supposed to result in a "reward" to the existing shareholders. Guess not. The market seems to believe this thing aint worth it.



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  2. chuk

    chuk Well-Known Member

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    The problem is the amount of outstanding shares. Morons look at the stock price and think it is "cheap" because it is $3. Well, if they had 1/100th of the shares outstanding, the stock would be trading at $300. Would that be expensive then? SIRI has a market cap of $20bil and trades around $3. TSLA has a market cap of $25bil and trades around $200.
     
  3. guruhugz

    guruhugz Well-Known Member

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    they got all that fresh balls cash