Replies to post #21873 on Sirius XM Holdings Inc (SIRI)

[rekcusdo]

No one is saying it CANT hit 7.50, but as you said, the bet is how long will it take. In my opinion, this can NOT hit 7.50 without a buyback, and a buyback is not going to happen any time soon.

Once this hits 4.00, I'd be out because the risk/reward ratio drops significantly, and there is no point in waiting for this to jump from 4.00 to 7.50 when I can put money in other things that will equally double in price in weeks rather than a decade or two.

[rekcusdo]

Right now, I believe that the primary focus for Siri is, and should be, debt collection. A buy back just isn't in the cards for some time...maybe in 2014 or 2015 we will start to see a buyback, but until then the debt is a dark cloud over their company that needs to be expunged.