SIRI thoughts??

[david5021]

Ive been watching this stock for some time, i bought it years ago at 2 something and sold it in its week of glory for 7.50. It has now bottomed out at 2.66 on May 16, but i am feeling that it might be a strong buy becuase of its 10% increase over the past 2 weeks with rather normal to below normal market average. I also read this article which game me some more hope.

SIRIUS/XM Satellite Radio Merger Critical to Growth and Development of Rural Communities
08:00 a.m. 05/31/2007 Provided by
League of Rural Voters Adds Its Voice and Support for Sirius/XM Satellite Radio Merger
MINNEAPOLIS, May 31, 2007 /PRNewswire via COMTEX/ -- The League of Rural Voters urged the Federal Communications Commission (FCC) to approve the merger between XM Radio (XMSR) and SIRIUS Satellite Radio (SIRI), noting that the combined entity would offer listeners in rural communities more programming options at lower prices than those currently available from the two companies separately.
"In many rural areas throughout America, commercial radio reception can be extremely limited. Satellite radio has offered listeners in rural areas a robust alternative with hundreds of specialized channels that meet the programming needs of rural America," said Niel Ritchie, the League's Executive Director.
Consolidation of the commercial, over-the-air radio industry over the last decade has left much of rural America behind in recent years, as locally-owned stations are replaced with corporate conglomerates producing homogenized content with so-called local news and weather delivered from offices hundreds of miles away.
In announcing its support of the merger, the League also highlighted rural listeners who depend on satellite radio's emergency and public safety stations.
Satellite radio is often the best source of diverse music, talk, news, and sports in remote areas, as many other alternatives to terrestrial radio have yet to reach there. A successful merger of XM and SIRIUS creates even more programming options and provides a clear benefit to the many listeners living in rural America.
The League of Rural Voters was founded in 1985 as a non-profit organization dedicated to increasing the representation of rural people in the public policy making process. The League seeks to build awareness of the economic challenges facing rural communities while advocating for federal and state policies that focus government resources on education, health care and local and regional economic development.


What is everyones thoughts on this as a good ST, LT buy???

[Dr. Peebody]

like an asshole, i bought the news on this one....so i'm sitting on a pretty nice loss on this one, down from @$4.

i'd like to hear some opinions on this one also.

[Goods]

SIRI, in my opinion, will not be around in 5 years.
They've yet to make a profit due to Howard Stern size contracts. And they're sneaking in commercials on what used to be commercial free stations. The introduction of HD radio will open up more badly needed variety and it's free.
The merger with XM is still up in the air. The FCC has already said it creates a monopoly and without it, they can't survive.
Howard Stern was the biggest name on radio and he didn't have as big an impact as they hoped. Compare to Vonage: Great product, terrible business.
I think there are better stocks out there.

[aflacman]

Originally Posted by david5021

Ive been watching this stock for some time, i bought it years ago at 2 something and sold it in its week of glory for 7.50. It has now bottomed out at 2.66 on May 16, but i am feeling that it might be a strong buy becuase of its 10% increase over the past 2 weeks with rather normal to below normal market average. I also read this article which game me some more hope.

SIRIUS/XM Satellite Radio Merger Critical to Growth and Development of Rural Communities
08:00 a.m. 05/31/2007 Provided by
League of Rural Voters Adds Its Voice and Support for Sirius/XM Satellite Radio Merger
MINNEAPOLIS, May 31, 2007 /PRNewswire via COMTEX/ -- The League of Rural Voters urged the Federal Communications Commission (FCC) to approve the merger between XM Radio (XMSR) and SIRIUS Satellite Radio (SIRI), noting that the combined entity would offer listeners in rural communities more programming options at lower prices than those currently available from the two companies separately.
"In many rural areas throughout America, commercial radio reception can be extremely limited. Satellite radio has offered listeners in rural areas a robust alternative with hundreds of specialized channels that meet the programming needs of rural America," said Niel Ritchie, the League's Executive Director.
Consolidation of the commercial, over-the-air radio industry over the last decade has left much of rural America behind in recent years, as locally-owned stations are replaced with corporate conglomerates producing homogenized content with so-called local news and weather delivered from offices hundreds of miles away.
In announcing its support of the merger, the League also highlighted rural listeners who depend on satellite radio's emergency and public safety stations.
Satellite radio is often the best source of diverse music, talk, news, and sports in remote areas, as many other alternatives to terrestrial radio have yet to reach there. A successful merger of XM and SIRIUS creates even more programming options and provides a clear benefit to the many listeners living in rural America.
The League of Rural Voters was founded in 1985 as a non-profit organization dedicated to increasing the representation of rural people in the public policy making process. The League seeks to build awareness of the economic challenges facing rural communities while advocating for federal and state policies that focus government resources on education, health care and local and regional economic development.


What is everyones thoughts on this as a good ST, LT buy???

that stock is on a down hill slide since Feb 20th.it just broke above the 30 moving avg for the first time since Mar 1st. It did register 3 green arrows on my Invest tools program but everything else about this stock is HORRIBLE!