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Originally Posted by Furious_Male
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).
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Actually, I'm just pointing out the obvious. Everything you are talking about, I considered over a year ago when the stock was actually a worthwhile gamble.
All of the numbers I have seen include the "potential" and the fact that this company
will grow and none of them support the current valuation.
Now, I'm the first to tell you to be weary of most of the "idiot" stock pickers in the media, but I've seen the numbers, they really don't work.
If you feel like the numbers justify the current price, I'd love to see you lay them out.
Furthermore, if you are really going for the satellite potential, xm is a far better gamble at this point (but both are risky!). I wouldn't buy either of them. There are far too many other great investments to be made.
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forbes
"We believe that Sirius stock is pricing in near-term performance well ahead of
Street expectations--Sirius could have a difficult time matching the recent hype, in our view," Jacoby said. "We believe the recent media attention surrounding Howard Stern?s arrival at Sirius on Jan. 9 has caused Sirius' stock price to become completely detached from the underlying business fundamentals."
money.cnn
"Our call today in a nutshell, SIRI valuation is overextended, likely due to Stern hype," the note reads. "We recommend investors sell SIRI and buy XMSR ( which trades at a substantial discount to Sirius despite having 2 times the number of subscribers)."