Stock question

Search

Home of the Cincinnati Criminals.
Joined
Sep 20, 2004
Messages
19,646
Tokens
Anyone own any Sirius Satelite Radio stock?

Was looking on purchasing some. I see this stock quadrupling over the next couple years. Howard Stern signing on for a deal with them is only a added boost.

Any thoughts?

BB
 

Active member
Joined
Oct 20, 1999
Messages
75,444
Tokens
Almost bought SIRI 6 months ago or so at 3.50

See it is over 7.50 now..........doggone it.

Thanks for depressing me BIGBET.:icon_conf

NO OPINON on it at this time.
 

Home of the Cincinnati Criminals.
Joined
Sep 20, 2004
Messages
19,646
Tokens
Yeah, I seen that. I was thinking about it back when I heard Howard announce he was giong to satelite.

It is becoming more and more common installed stock in factory cars.

I think I am going to grab a little

Fishhead said:
Almost bought SIRI 6 months ago or so at 3.50

See it is over 7.50 now..........doggone it.

Thanks for depressing me BIGBET.:icon_conf

NO OPINON on it at this time.
 

Custom designed to blow the mind
Joined
Aug 21, 2000
Messages
1,612
Tokens
Hey BB.....................I've had SIRI for 1 month now, and it's going up everyday.
X-MAS sales should tell part of the story, so I'll be watching those closely.

Analysis...............BUY

GL.................Rugby
 

Tireless Rebuttter
Joined
Oct 17, 2004
Messages
1,336
Tokens
Bought last may (when I bought my radio because I heard rumblings about all the crap they were doing w/ the NFL, etc) and sold in September.

Got 6 points out of it...I don't think I'll buy again.
 

Homie Don't Play That
Joined
Sep 20, 2004
Messages
1,844
Tokens
"When the world starts talking about a stock to buy, sell it." Warren Buffet

Worldrunner got it right.
 

"I got my ass kicked by a superior BLUE state"
Joined
Sep 22, 2004
Messages
169
Tokens
bigbet1234,

Don't take my cynicism towards siri as anything other than a personal opinion not unlike a coworker of mine who needs a crash course in market basics. Anyway, I believe the first question you should ask yourself is: Does this company offer value? IMHO, the answer is a resounding "No!" Please don't be fooled like everyone else how this stock offers value because it is one-fifth of XM's price and simply look at the market cap. which says that siri is worth more than XM despite all the red ink they're bleeding (XM is also hemoragging but looking to hit breakeven sometime in the next year) and the ridiculous amount they paid for the NFL (more dilution), the amount for Howard (yet even more dilution, anyone else see a pattern?) and the fact that currently XM has between 3-4 subscriptions for every 1 of Sirius. I don't get it. If you really believe in the stock and are willing to ride out the ebbs and flows then by all means go for it just don't jump in with your eyes covered.

Huck Finn,

That piece you saw or read, do you remember if they said if it was factory installed or on the lot installations? I know XM has factory installs with Toyota but am not sure about Sirius. I guess I could do some searching.
 

"I got my ass kicked by a superior BLUE state"
Joined
Sep 22, 2004
Messages
169
Tokens
It looks like XM came out slightly ahead in this instance. I think it's kind of like Intel and AMD. I think we'll all agree that AMD is the better product but Intel still remains. This is an emerging industry and room for growth is there.



Toyota to offer XM, Sirius radio

by JOHN PORRETTO -- Associated Press posted December 7, 2004

DETROIT (AP) -- Toyota Motor Corp. will offer XM Satellite Radio as a factory-installed option in Toyota and Lexus vehicles beginning in 2006, but customers also will be able to order rival Sirius Satellite Radio at Toyota dealerships starting next year. Sirius shares rose sharply Tuesday, as both companies' stocks headed toward new 52-week highs.

XM, the market leader with roughly 2.5 million subscribers to Sirius' 800,000-plus, already is available as a dealer-installed option on 10 Toyota and Lexus models, and that number will grow in 2005.

Sirius said its equipment will be available as a dealer-installed option on nine Toyota and Lexus models beginning in February.

Wall Street welcomed the deals, even though Sirius and XM already have partnerships with several other automakers. In afternoon trading, Sirius shares soared 88 cents, or 11 percent, to $8.97 on the Nasdaq Stock Market, reaching a new 52-week high. The stock has surged 350 percent from a year ago.

Shares of XM Satellite Radio Holdings Inc. also were poised for a new 52-week high, gaining 73 cents, or 1.9 percent, to $38.46 on the Nasdaq.

XM and Sirius provide commercial-free music and numerous channels of news, traffic, sports and other programming for a monthly fee.

The two money-losing companies are spending heavily in hopes of turning profitable by cultivating the emerging market for satellite-delivered radio, which, unlike local radio stations, can be heard anywhere in the country.

Part of the strategy includes the automotive industry.

Jim Pisz, Toyota's national manager for advanced technologies, said the automaker chose XM as its factory-installed partner because XM meshed better with its plans for additional data services. Without being specific, Pisz said those plans involve using XM's satellite capabilities for other initiatives.

"We feel there was a better alignment with our future goals with XM Radio," he said.

Toyota officials said the automaker has not invested in either satellite-radio provider.

XM has exclusive deals with General Motors Corp. and Honda Motor Co. GM, the world's largest automaker, has backed XM with a $120 million investment and extended an additional $250 million line of credit.

Sirius' partners to date include Ford Motor Co. and DaimlerChrysler AG. Ford said in October it would begin offering Sirius as a dealer-installed option on even more vehicles by year's end and is targeting up to 20 vehicle lines for factory installation for the 2006 and 2007 model years.

Other companies such as Nissan Motor Co. and Volkswagen AG offer both XM and Sirius as options.

Sirius' stock took off in November after the company tapped Mel Karmazin, the former president of media giant Viacom Inc., to be its chief executive. The news came about a month after Sirius sealed a $500 million deal to air shock-jock Howard Stern's radio show beginning in 2006.

For its part, XM in recent months announced an 11-year, $650 million deal with Major League Baseball that will allow XM to carry games from every major league team beginning next year.
 

Home of the Cincinnati Criminals.
Joined
Sep 20, 2004
Messages
19,646
Tokens
This stock has long term potential IMO
Cujo said:
It looks like XM came out slightly ahead in this instance. I think it's kind of like Intel and AMD. I think we'll all agree that AMD is the better product but Intel still remains. This is an emerging industry and room for growth is there.



Toyota to offer XM, Sirius radio

by JOHN PORRETTO -- Associated Press posted December 7, 2004

DETROIT (AP) -- Toyota Motor Corp. will offer XM Satellite Radio as a factory-installed option in Toyota and Lexus vehicles beginning in 2006, but customers also will be able to order rival Sirius Satellite Radio at Toyota dealerships starting next year. Sirius shares rose sharply Tuesday, as both companies' stocks headed toward new 52-week highs.

XM, the market leader with roughly 2.5 million subscribers to Sirius' 800,000-plus, already is available as a dealer-installed option on 10 Toyota and Lexus models, and that number will grow in 2005.

Sirius said its equipment will be available as a dealer-installed option on nine Toyota and Lexus models beginning in February.

Wall Street welcomed the deals, even though Sirius and XM already have partnerships with several other automakers. In afternoon trading, Sirius shares soared 88 cents, or 11 percent, to $8.97 on the Nasdaq Stock Market, reaching a new 52-week high. The stock has surged 350 percent from a year ago.

Shares of XM Satellite Radio Holdings Inc. also were poised for a new 52-week high, gaining 73 cents, or 1.9 percent, to $38.46 on the Nasdaq.

XM and Sirius provide commercial-free music and numerous channels of news, traffic, sports and other programming for a monthly fee.

The two money-losing companies are spending heavily in hopes of turning profitable by cultivating the emerging market for satellite-delivered radio, which, unlike local radio stations, can be heard anywhere in the country.

Part of the strategy includes the automotive industry.

Jim Pisz, Toyota's national manager for advanced technologies, said the automaker chose XM as its factory-installed partner because XM meshed better with its plans for additional data services. Without being specific, Pisz said those plans involve using XM's satellite capabilities for other initiatives.

"We feel there was a better alignment with our future goals with XM Radio," he said.

Toyota officials said the automaker has not invested in either satellite-radio provider.

XM has exclusive deals with General Motors Corp. and Honda Motor Co. GM, the world's largest automaker, has backed XM with a $120 million investment and extended an additional $250 million line of credit.

Sirius' partners to date include Ford Motor Co. and DaimlerChrysler AG. Ford said in October it would begin offering Sirius as a dealer-installed option on even more vehicles by year's end and is targeting up to 20 vehicle lines for factory installation for the 2006 and 2007 model years.

Other companies such as Nissan Motor Co. and Volkswagen AG offer both XM and Sirius as options.

Sirius' stock took off in November after the company tapped Mel Karmazin, the former president of media giant Viacom Inc., to be its chief executive. The news came about a month after Sirius sealed a $500 million deal to air shock-jock Howard Stern's radio show beginning in 2006.

For its part, XM in recent months announced an 11-year, $650 million deal with Major League Baseball that will allow XM to carry games from every major league team beginning next year.
 

New member
Joined
Jun 20, 2004
Messages
4,663
Tokens
got it last year at 2.30 when word broke they were going to be a standard feature on GM cars..i dont think howard will have as big of an impact, i plan on selling right before he hits the air... I dont think they will get the subscriptions they expect
 

Forum statistics

Threads
1,122,628
Messages
13,615,917
Members
101,365
Latest member
enfejar68
The RX is the sports betting industry's leading information portal for bonuses, picks, and sportsbook reviews. Find the best deals offered by a sportsbook in your state and browse our free picks section.FacebookTwitterInstagramContact Usforum@therx.com