I'm getting tempted to buy. Maybe Jim O'Neill is right.
<<< They added over 300,000 new subs last Q. Now just over 230,000,000 subs. >>>
I have a hard time swallowing the 230M subs, from US & Canada... like how ? I'll believe the subs are not more than 25M.
He is still on the payroll an a signed a new 5 yr agreement. There is new content coming out almost everyday. Every car is preinstalled with a 3-6 month free trial. They added over 300,000 new subs last Q. Now just over 230,000,000 subs. Cash flow positive and looking to use thag cash for equity buy back. They just recently called in debt a bit earlier than scheduled. Liberty media acted as their white knight to keep it out of bankruptcy. SatRad 2 coming out by the end of the year.... All new functionality. No loose lips on it though. Huge NOL's (no taxes for a long time!). Liberty has a 40% stake in SIRI and now has added three board members. With the ability to buy out after a poison pill expiration. One of the newly added board members is from DISH. All satelites are now up with no new ones till 2015 at least.
And the big kick. The ability to slightly raise rates at the begining of 2012. Adding to their already existing positive free cash flow.
It is a much different company now... You got in too early.
If you like #5, you should love SIRI.
Dont buy yet though.... It's on a pullback from a huge up move.
SURE !! Come on in... the water in fine... :)
Not saying the broad markets can't go higher... they probably will since this is how GS BAC JPM and the likes are making their money in thsese markets these days. We know they aren't making much in lending. Just be leery of anybody predicting the equity markets are the way to go. GS makes market in the same markets they trade in. I don't understand why that is legal.. but that's the game.
Jobs and housing are still in the gutter, the "recovery" is in the minds of those that wanna believe.
I play daily, but I don't fear doing so because I keep most of my trades short term outlook. I prefer not to even hold overnight, but some trades pay off better by holding.
I understand your fears rg and I agree that self interests are always involved, but I'm not a day trader or even a trader for that matter. I've got to try and find companies to hold for years and not pay taxes on short term gains. Harder than it looks of course. I always come back to the 30 year track record of Claude Shannon, 28% per annum with 0 turnover....never sold a share for 30+ years. He let his winners run and ended up with huge gains in 3 of his 10 positions. He did has vision for the future since he was a brilliant scientist. He bought the right tech stocks.
http://www.consilientinvestor.com/articles/159.htm scroll down to "Strategy 3"