With the merger approval all but a certainty, we have SIRI short covering and traders now selling into them and buying XM. Once the vote for approval is in or close to it, the 4.6 to 1 ratio occurs it will eliminate the sell SIRI and buy XM trade. Then this will get a really nice pop.
I'm not surprised. We've pretty much known the FCC would approve this eventually for months now. Considering that the stock has not fared well over this period tells the story itself. The time to buy because SIRI was going to get merger approval was a couple of months ago and that didn't happen for whatever reason.
Yes, U r right. Bought in pre-market at 8:06am for 2.83, thought it will go 3.50 today.
Surprised to see it trading at 2.62-2.65. Now I think, I will have to wait to cover my own investment.
merger approval mostly baked into price...especially considerign the FCC has NEVER gone against the DOJ.
Bottomw line is Wall St. wants profits! It looks like it's about a year or so away depending on two things mostly:
1) How bad the economy gets
2) How quickly they can create cost saving synergies
UP %330 IN 3 MONTHS IN 2004 WITH THE STERN RISE..
5-6 BILLION IN SAVINGS WE HAVE JUST LOCKED IN..!
STERN WAS A STEADY HEAVY SHORT BURN UP TO $8..
THIS IS SERIOUSLY MUCH MORE POWERFUL FOR NEAR AND LONG TERM BUSINESS - ALL THE COMBINED SATRAD BUSINESS IN THE US, CANDADA AND MEXICO LOSERS!
MASSIVE SAVINGS IN DAILY OPERATINS, BIDDING WARS, COST OF CONTENT AND PERSONALITIES!
That one Company now has ALL THE CUSTOMERS, ALL THE SUBSCRIBERS, ALL THE GOOD CONTENT, AND ALL THE NAME BRAND FOR ALL THE VEHICLES ON THE ROAD for SatRad!
Then more, and more, and more powerful news like Positive Cash Flow coming sooner, impressive retail numbers & massive OEM with all consumers signing up for the one choice, with all the excellent programming choices and no more in limbo.
Continued massive inroads to all vehicles sold in this country, all the good stuff we've been doing with Mel and the rest continuously moving forward in the right direction with the actual business.
New innovations and technologies with the increased power and capabilities of Satellite Technologies.
$22 a share down the road in a good economy.
THIS MERGER IS REALLY SOMEWHERE UP TO 5-15 TIMES, IN THE END, A MORE DIRECT & SERIOUS BUSINESS IMPACT EVENT, over what STERN EVER PROVIDED. (although it was near perfect at the time)
OPRAH, GM, ALL OF SPORTS, CONTENT BIDDING WARS PERMANENTLY ENDED, DOUBLED BANDWIDTH FOR HUGE NEW IDEAS & TECHNOLOGY.. ETC..
It's all there!
SHORTS BLIND SIDED!!!
- THEY ARE HURT BAD AND WILL CONTINUE THE BASHING AS THE BLEEDING OF THEIR MARGIN ACCOUNT CONTIUES - TRYING NOW IN HOARDS TO BASH DOWN TO RECOVER SOME, BUT RISK ROCKETING TO 4-5 AND MORE SOON AFTER.
TRUTH IS THEY ALL NEED TO BUY ASAP TO SAVE WHAT THEY CAN!!!!!! (AND THEY REALLY KNOW IT..)
THE SQUEEZE ALONE SHOULD BE WILD - MOST DON'T BELIEVE IT YET - THE PUBLIC HAD ALREADY HEARD IT WAS APPROVED, FCC DELAYS CONFUSED MANY BUT WATCH THE STEADY BURN UP GET UNDER WAY SOON WITH MORE NEWS.