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

To: Art Baeckel who wrote (6227)2/7/2007 1:07:29 AM
From: rjk01  Respond to of 8420
 
I never seen it work, but I am sure one can find a few examples
In general I am against it, let the price take care of it self and raise on merit.



To: Art Baeckel who wrote (6227)2/7/2007 8:49:04 AM
From: HEXonX  Read Replies (1) | Respond to of 8420
 
>>Maybe it's time to look into that reverse split that I talked about awhile ago..

Art- Normally I would say this might work in case of Agere for example. However, Sirius stock float is huge and they are above $3 and not above $1, therefore I think it's a lot better for the stock to move on it's own above $5 and better for the stockholders. RS is just another way of dilution.



To: Art Baeckel who wrote (6227)2/7/2007 9:24:36 AM
From: country bob  Read Replies (2) | Respond to of 8420
 
Art. I'm one of the ones that believed that SIRI would been back to $5 by the end of the fiscal year, but I've never been against a r/s. I've always believed that a reverse split has been in their plans since they decided to fund their growth through dilution instead of loans and partnerships. If this is the case, I think it was a smart move.


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