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Originally Posted by Mako
SIRI is a joke RedShoe, they're a sexy hooker who has HIV...you don't find out until you're diagnosed months later.
To find out why, check their financials, read their last quarterly report and focus on two acronyms: "CPGA", and "CFBE". Also focus on their CEO's careful and particular wording regarding tapping the markets again with another dilutive share offering (which lowers the value of each existing share proportionally).
If you don't know what these issues mean, why they're relevant, and how SIRI doesn't measure up in those areas, you have no business being in the stock.
How do I know? I personally advise one of the analysts that covers SIRI for Meryll Lynch, along with three other tech-related consumer electronics stocks that I have personal experience/history in. That's all I'll say here.
Howard, and sub growth, means nothing if you're finding new ways to spend money each and every day without a return. Stay away from SIRI, and if you're still a believer despite the warnings, be sure to get OUT of it by 6/1/2006.
There are a handful of people I'd respond to in this thread regarding SIRI, you're one of them RedShoe because I like your work. Everyone else...you've been warned on a freebie. Heed my words and good luck.
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Redshoes, you didn't offend me, just adding those words in your post took away from your information. And almost everyone likes chicken.
Good point Mako. In order for SIRI to maintain this price point, they would have to double the total satellite user subscriber base. I'm not talking just their users, but the total amount of people currently using satellite radio. It's not impossible, but highly unlikely. The stock is overpriced and it has been for months.
