WOW! 23 Billion in market capitalization for $3.5 billion on revenues or about 8 times revenues for market cap
Usually, we are taught in accounting and valuation for buying profitable companies is to pay TWICE the revenues. But SIRI is already 8 times the revenue and is actually not profitable without the tax-loss benefits and huge interest rate payments.
Compare this with Apple Computers that has $169 billion in revenues and $396 Billion in market cap; that is, the market cap is just a little over 2x revenues.
See the problem here? And, it isn't like SIRI is a small company growing rapidly.
I see a rising stock price. up 20% this year so far.
I see 25,000,000 paying subs with a million more by the end of the year.
I see exclusive licenses for content no one else has.
I see a 2 Billion dollar buy back.
I see positive earnings announced on Aug. 5th
Should have went long shorty. Posting here won't recoup your losses.