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Technology Stocks : Sirius Satellite Radio (SIRI)
SIRI 20.60-0.3%Dec 26 9:30 AM EST
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To: rrufff who wrote (3524)1/12/2006 1:05:19 PM
From: i-node  Read Replies (2) of 8420
 
I recall an XMSR tout who claimed, when Stern announced, that SIRI is, was and would be a $2 stock.

I'm not sure I said that when Stern was announced. Perhaps you have a link?

I do think Sirius improved itself when it hired Karmizan, and I have said that -- Sirius should be trading at $3 or $4 now. And it has helped itself with Stern, but the amount they spent for Stern -- which will be 3/4 of a billion before all is said and done, has long-term negative consequences.

At $6 Sirius is still substantially above any reasonable value for the stock given its pathetic financial performance and the difficult competition it faces from Xm.
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