Glad you're well Mach. With SIRI, I've given
in and have concluded this is just one of those unexplained companies that will run up in spite of a HORRIBLE bottom line and modest current sales. Their market cap is currently ~$10 Billion. Looking at the financials Sirius Radio has LOST over $530 million over the last 4 quarters, which if you look back has always been the case. Currently sales are modest to support such losses, ranging from only $4 million to $13 million per quarter in sales. The 13mil was reported this most recent quarter.
So when people try to match intrinsic value to what a share price can be, so often it's just not the case.
I like em simply because they have lined up the proper contracts, their currently only 1 of 2 companies that the FCC has given a satellite licence to, and the market simply loves this stock. It's shades of the 90's.
Continued migration of shows, stars and programs through next year makes me confident in saying, even if they still have the same dismal bottom line, I see them bewteen $12 and $20 at some point next year and likely sustained through year's end.
People talk about where they'd put their money when CMKX lifts off. I'd keep 5 mil in CMKX always, but if that day was today I'd spread the risk among about a dozen stocks, but my biggest holdings would be ASD, EBAY and SIRI. SIRI is just one of those market darlings. It seems roots are starting to shift in radio, and much like AMZN in the 90's, whether it takes SIRI 3-4 more years to make a profit, the market likes what they see.
Landing Howard Stern changed the outlook on the potential that is there.
I gtg. I just wanted to touch on some of the off topic stocks that catch my interest.
shhhh...look at 'R' (Ryder) and their past year's chart. : )
Solid fundementals to boot.
Bo
AI
