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Originally Posted by Hey You . . . I Know You!
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!
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This is a company in its infancy and just recently started growing. The numbers will not add up at this time in regards to "value". Think outside the box. We are not just talking about Sirius we are talking about the industry as a whole. Sat Rad. is here to stay. You are leaving out the growth factor completely. The company is not sitting still.
btw they just announced today that the exceded the 3M subscriber growth (as I said they would in my post yesterday).