Look at it this way. IMO, XM's trading range will be 6 - 12 in the next 12 months and Sirius will be 4 - 8 if the S&P have it right. IMO, again, most of the analysts have clients and their opinions will vary depending on what their clients want to hear and what they think the public should hear. JMO
You're entitled to your opinion, but it is tough to see what basis you could possibly have for it.
Sirius has not been able to to climb out of the 4s with any success and frankly, given the likelihood of them losing well over a billion this year, is not any reason to expect that to change.
OTOH, XM has been beaten up beyond all recognition at this point -- largely because they have not adequately marketed the product, but certainly XM has taken a worse beating than is justified by the facts.
At any rate, XM has new management and a reasonable shot at coming back quickly. Sirius, OTOH, has hard work ahead just to stay even -- given the 3/4 billion Stern deal, the apparent need to spend massively on beefing up its ability to deliver the product (satellites/repeaters), and [presumably] renewed competitive drive from XM.
How you came up with 6-12 is something I'd really like to know. You think the potential for XM to appreciate in the coming year, after new management, after being beaten down from 40 in the last year or 18 months, the best they can do is 12? |
