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Sirius XM Holdings Inc. Message Board

  • nate1234567890 nate1234567890 Aug 30, 2009 2:07 AM Flag

    Why I'm not buying

    First of all, the stock has gone up far further than any other stock. That ought to give you pause.

    Second, teh float. 4 billion, plus Malone an option for close to another 2 billion.

    Let's say the share price goes to $10, a gigantic leap but some people think it....

    That would mean a market value of 60 billion, which is obscene, by any standard. Exxon Mobil has a market cap of 337 billion, and last I heard satellite radio is not going to top Exxon Mobil lol.

    If you're stupid enough to think it could go to $100, that means a market value of 600 billion, or 5% of the annual GDP of the United States.

    Now, if anyone can refute these facts, let me know. Otherwise, get your head out of the clouds. It may go up another 20%, but given the # of shares outstanding, it can't be a rocketship.

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