TWO HUNDRED FIFTY MILLION SHARES IN ONE DAY IS OUTRAGEOUS!!!
This did happen a couple of days, and it is a lot -- but you must consider the huge number of shares outstanding. Even so, I think it speaks volumes about who is running this stock up -- amateur daytraders who are clueless about what makes a company work. SIRI's runups to date have all been fluff, and that's why it drops back down with impunity.
Motley Fool plugged XMSR last year, and it went from $2 to $24 in one year.
XMSR went from $2 to $24, but it had absolutely nothing to do with Motley Fool -- which was skeptical about the stock almost all year.
SIRI isn't going to see $10 in the next five years, and may not for years beyond that. Until they get a management that knows WTF they're doing, even good moves will be far outweighed by mistakes. They have their hands full just trying to stay above water; meanwhile, XM just continues to roll with perfection.
In the coming months from XM we're going to see excellent sub numbers in January, lots of new products at CES (look for a walkman-styled device), probably an OEM deal with Toyota [soon], and some really interesting services that people aren't really thinking about yet from a satellite radio company. We're going to see significant revenue from WeatherWorx and from some new data-related services, as well as private-branded hardware and software.
In short, owning SIRI today makes even less sense than it did six months ago or a year ago. The same money put into XM will return some nice multiple of the dollars.
All IMO, of course. |
