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Stock

Several of my friends and I really believe in Sirius, so we all invested and purchased 500 each in shares of stock. Since the purchase, seems like the stock keeps dropping. We bought it at $2.50 and it is less than $2.00. Are we bad luck or what is going on.
Is Sirius and XM they trying to give the perception that they will go out of business if they don't merge? Is that what is keeping the stock low.

Welcome any comments. Even if it was a bad choice to purchase
 
The merger is being held off with lots of payola from terrestrial radio (over two years now since they announced the application which is unheard of in any other industry) to starve both Sirius and XM that are basically pouring money in to stay afloat. Without the merger one of the two will go under (XM) leaving Sirius. Of course then terrestrial radio will be able to say that it wasn't their fault and that XM simply went under because of satellite not being as popular as terrestrial and the terrestrial operators will have gotten what they want; keeping satellite from being a competition. Sell your stock. While Sirius is a valid company, the powers to be at terrestrial radio simply will not let satellite radio become the cable television of radio. The merger will not go through.
 
Walter Graff said:
The merger is being held off with lots of payola from terrestrial radio (over two years now since they announced the application which is unheard of in any other industry) to starve both Sirius and XM that are basically pouring money in to stay afloat. Without the merger one of the two will go under (XM) leaving Sirius. Of course then terrestrial radio will be able to say that it wasn't their fault and that XM simply went under because of satellite not being as popular as terrestrial and the terrestrial operators will have gotten what they want; keeping satellite from being a competition. Sell your stock. While Sirius is a valid company, the powers to be at terrestrial radio simply will not let satellite radio become the cable television of radio. The merger will not go through.
Click to expand...

Is Sirius not "dumping" even more money into it's business, and with a much smaller customer base and inferior infrastructure than XM? How much is Sirius paying it's "big name talent" versus XM? Why do you assume that Sirius is the one that would survive (assuming that both didn't)? It seems to me that much of the resistance to the merger is from the customers - many of which feel that if they wanted to be a subscriber to the other service they would have already been one. There is suspision that satrad programming without satrad competition will degrade. Why pay for all those programming options, if all you have to do is be better than terrestrial radio? That ain't too hard right now...

...besides, payola is illegal. ;)
 
"Why do you assume that Sirius is the one that would survive (assuming that both didn't)?"

When one goes out of business which it will, watch who is left.


"...besides, payola is illegal. Wink"

By payola I mean the NAB paying government reps to keep the merger from happening. They did a pretty god job so far keeping it from happening for the last two years. Watch my post come true. It will.
 
I find it interesting that one person, Mark Wienkes opinion, can lower a company's stock. I do not recall that DirecTV and Dish went through so much when they first started and also tried to merge. I bet if CC wanted to purchase one of them, approval would of been make in less than 5 days. I am sure the NAB has a lot to do with preventing the merger. They are really threatened by this merger.

Now as far as Mark Wienkes' opinion, he is somewhat correct. What I think is hurting XM and Sirius growth is that most people listen to them in their vehicle. Once outside the vehicle, what are the chances that person will have a second unit and listening at home or work. I have concern that they did not really expand outside the the vehicle. Equipment that is outside the car has been created proprietary. When you need a home connection, they and nickel and dime for accessories. I really believe this is hurting them by gaining more subscribers.
 
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