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Guest Message by DevFuse

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Sirius Stock


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4 replies to this topic

#1 OFFLINE   VaJim

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Posted 01 August 2008 - 08:07 AM

:confused: :confused: OK...so we have the merger...any ideas as to why Sirius stock remains in the toilet? XM has already been suspended.

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#2 OFFLINE   Richard King

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Posted 01 August 2008 - 08:12 AM

I would guess that it's a lack of confidence in the viability of even the combined venture. :( Having several thousand shares myself, I am not pleased. Things may have been more promising if the combination could have been fast tracked rather than bled for over a year for other motives.
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#3 OFFLINE   VaJim

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Posted 01 August 2008 - 08:16 AM

I would guess that it's a lack of confidence in the viability of even the combined venture. :( Having several thousand shares myself, I am not pleased. Things may have been more promising if the combination could have been fast tracked rather than bled for over a year for other motives.


I think you're right. Perhaps what we'll see is a slow increase in value much like the merger timeline. Early merger talk estimates had the 'new' Sirius stock trading somewhere around $8-10. Heck even that would only bring it to where it was 2 years ago.

Thanks!;)

#4 OFFLINE   Lee L

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Posted 01 August 2008 - 08:58 AM

It is entirely possible that the street sees this merger as one that will not pay off in terms of profitability for a long time. I totally agree with that as they really have no clear path to reducing duplication of channels and will have to essentially run all the assets of the 2 companies in tandem for 5 plus years, all while expending R&D costs to develop and possibly produce new radios.


DirecTV, please don't make me have to go back to watching March Madness in standard Def! Oh, and the usual begging for AMC and BBC America. You are so close to actually being the HD Leader.

#5 OFFLINE   Ken S

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Posted 01 August 2008 - 07:36 PM

On the same day as the merger Sirius announced they were selling a new round of stock at $1.50 a share. While it's not the same class of stock as the common shares you see listed it does tend to set a price for the market.

Mel Karmazin has his work cut out for him...




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