Not everyone owns a lap top or a even a wireless connection, it is not the norm and doesn't fit into everyone's life.
But they do own cars with radios, and a Sat radio at home & $13.00 a month is still far cheaper than your route. Satellite high speed access is a ways off, it was tried prior adn died. Heck, 3 years ago I was told DSL would be dead...LOL.
You don't like Stern, that much is assumed, but I have listened to him for over 20 years, and his brand of entertainment. If you doubt his listener base, then you clearly have not done the research. It is well known, and his yearly income draw alone for his industry is #1.
Play the hype, play the growth, play the potential, play to speculate. XM is a bore, SIRI is exciting and has the power-play content, IMO.
Wait until the year end subscriber #s are released, I think even the ANALysts will be surprised. The buying was not just about the stock. And if you think Stern is the only well known to make the move, just wait.
Also, let's put the SELL rating into perspective. Apparently Tuesdays run forced the ANALyst to take action, They were OK with Mondays prce, but not Tuesday. So at the current levels, the ANALysts should be calmed down, to get their clints bacjk in.
Read what they said,""While we remain bullish on company fundamentals, we believe the recent surge in the stock has taken Sirius to levels which are difficult to justify," Smith Barney analyst Niraj Gupta wrote in a note to investors.
It's "too much, too fast," Gupta said.
Both analysts cited Sirius' 11 percent jump Tuesday as an example of the market's overreaction. |
