I remain short this sea floatsam..
12 The broader mkt- I believe we are hitting a near term top in the market, and with margin interest at all-time highs, I don't see much more upside before a significant correction. Holding some stocks through such a correction would be ok, but siri is far too weak to do so. It will get mangled if there is a correction.
take away from these facts ?
I remain short this dreck
one thing- severe mental illness
Think about it..
Keep those knee pads on, girls ! You're doing it all again every day !!
I herein provide you this high-quality updated analysis of SIRI:
-SIRI remains wildly overvalued. PE is 62 and will keep going up as earnings do not grow.
-The co has far too much debt and is now taking on even more debt. (Think of a 400lb person who loves to eat pizza and bread and cookies and makes no apologies for doing so.. then they go to the doctor 4x each month for lifestyle-caused maldies.. this is SIRI)
-Despite $$ millions in buybacks going on as we speak, the stock is languishing. There are no buyers other than the co itself (shareholders' money).
-No insiders are buying. None have bought even one share on the open market in over three years.
-Last year, perpetual pumper Stephen Faulkner predicted SIRI would be over 4.25 by January, 2014. (Did that come true ? No. ) Now, he's predicting SIRI will go over $4 by ..well, by now. That is what he predicted ealrier this year. SIRI shodu have been over $4 by now if Stephen's predictions were accurate. (He is heavily long SIRI, and SA pays him to hype his own stock holdings. Nice work if you can get it..
-Irrational exuberance for SIRI is now going on 2 years, as it continues to underperform the NASDAQ 100, the S&P500 and the Dow Jones..
-Proft margins are going down. Yes- operating cash flow margins are GOING DOWN. Deal with it.
-Net profits are FLAT. Net profits are flat every quarter for the last 13 quarters. No EPS growth whatsover.
There will be no upside financial surprises from SIRI, only downside surprises (but not surprising to me).
-SIRI is a wildly over-covered stock in the biz rags.. Stephen alone writes 6 -8 columns /month hyping SIRI, never presenting anything new to his hype of his long position in the SIRI stock/options. They all re-hash bullish things that we've heard before.. in 2012 !
-Other posters on SA and MF, etc add another 25-30 columns each month, all hyping SIRI, and never presenting any new data. Most of them do not reply to the reasoned objections to their blatant, superficial hype.
Malone and I laugh all the way to the bank.. and all the way back again !! LOL !!!!!!!!
He has a whole STAFF of tax accountants to get him the best tax-loss deals on his disasters like this POS siri that he lost so much $$$$ in.
I enjoy the losses from fools who insist on CONTINUING to pay me very well !
You will enjoy the ENHANCED pain that I deliver to you..
I remain short SIRI, of course.
And, unlike you I have LARGE profits in my siri positions.
SIRI remains a very weak stock in a correcting market.
See my February 26th reply to that silly fellow who calls himself 'strawman' ..I gave you 13 reasons I am short SIRI.
I still have seen no such list from any SIRI long for a bullish case for SIRI.
Now, I recognize that most SIRI longs cannot write a coherent sentence, never mind express their delude thoughts. So i expect no reasoned replies. I will not be disappointed.
Wunderlich, or whatever their name is, recently downgraded SIRI and now has a 12-month target of $3.50.
LOL !!! Is that your dream price, SIRI bulls.. Wunderlich was one of the early bulls on SIRI at $2 saying it would go to over $3 and they really know SIRI inside and out. I doubt you ever get much over $3.50 for a PEAK price in this lousy stock going forward.
The pe is 63. 63 ?!?!??! LOL !!!!!!!!!!!!!!!
A pe of 63 WITH NO EARNINGS GROWTH and TONS of DEBT !! Process that for a minute, losers !! This is no longer a crazy 'buy anything " bull market ! Look out below.
The co maintains a massive amount of debt. Too much debt, with their margins coming under pressure, ie, going lower. BAD.. REALLY BAD.
Again, sell. You wont regret it.