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Technology Stocks : Sirius Satellite Radio (SIRI) -- Ignore unavailable to you. Want to Upgrade?

To: HEXonX who wrote (5584)	11/9/2006 12:37:27 PM
From: John Carragher	Respond to of 8420

cramer flips from do not touch to buy... does he ever go neutral on a stock?

To: HEXonX who wrote (5584)	11/9/2006 12:45:30 PM
From: i-node	Respond to of 8420

Acquisition costs are going down. Business is less lumpy. I can see this network having hundreds of millions of dollars in commercials and twice its number of subscribers next year at this time because it is loved. I have to say that SIRI did a good job with SACs in Q3 -- much improved over earlier in the year, and that has been a big stumbling block in the past. However, they're still way higher than XM's -- but if Q3 turns into a trend it is a really positive development. That Cramer expects them to double the number of subscribers in the next year is stupid. Is NOT going to happen. Not even close. I was hoping for a combination of the two at some point. But two things have changed: This was the breakout quarter for Sirius, and I don't think this new Congress would look kindly on a merger. No, most of us knew from the outset it was a stupid idea. The stock, after hurting people for years, is now done hurting people. Mel backed off his previous statements as to 2007 ad revenue in this little ass-kissing session. So, to claim that Mel always delivers is a bit disingenuous. Also, to claim that "XM Blinked" because they said they wouldn't spend wildly to acquire new subscribers is ridiculous. This is, after all, about making money and not about the companies spending themselves into oblivion. Last month it was all about a merger. This month it is all Sirius, no merger. If XM has a good Q4 he'll be back up on XM. The guy is all over the place. That SIRI had traded nearly 60M shares today, essentially up on this sales job on national TV, speaks volumes about who is invested in Sirius.