That is the point of Obamacare, to transfer money for those that have it to those that don't.
Just another form of redistribution put in place by our wonderful Obama administration.
Which is the game we seem to have been playing lately.
With a great earning report on Thursday, we may see $5 by the end of the year or during the first quarter of 2014.
We will never ever, and I mean never ever see $0.50 or $1.00 or $1.50 or $2.00 or $2.50 or $3.00 or $3.50 or $4.00 Again.
Well, we may see $4.00 again with a minor pullback, but I wouldn't bet on it.
Sentiment: Strong Buy
If you think it is trading in a straight line thenyou need to tilt your head and open your eyes. Siri has been on and upward climb for the last 5 years.
You are wrong, read the news release.
"The satellite radio company said Thursday that it will fund the repurchases through available cash, future cash flow from operations and future borrowings. It may buy the stock on the open market or in privately negotiated transactions, including potential deals with Liberty Media and its affiliates."
Always happy to set you straight.
It is.... P market cap is 4.74 B and SIRI market cap is 24.7 B
SIRI is worth over 5 times what P is worth.
Then on to $5 a share.
But the important point is that it is up. A penny a day keeps oldncrusty at bay.