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Originally Posted by Furious_Male
I watch that stock close. Sat. radio is here to stay even though it will be a roller coaster for the investor. Better then expected sub numbers will put this stock on the move upwards again. Not to mention revenue gained from hardware sales this holiday and with the Stern Blitz.
If they blow away the sub numbers more revenue opps rise as they do have advertising slots for Stern and other key shows.
Is it a gamble short term yes. Long term no. Profit in late 2006. Skys the limit beyond that. Trade it and play it or hold it. Its made me a shit load of money.
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This is not true at all.
I've made a shit load of money as well on Siri. I bought at $4 and $5 and sold it all (over) $8. That was a long time ago.
Go back and read the archived articles about the value of the company and they lay out exactly why the stock is and has been overpriced. Once the dust settles from this holiday season and the Stern move, everyone who didn't understand the valuation of the company will be certain that the stock is/was overvalued.
If I get time, I will try to find those articles. They are exceedingly helpful.
Like I said, if they offer some other income generating service, then the equation will change.
Good luck no matter what!