Quote:
Originally posted by boston95
Sirius at $8/share seems tempting, satelite radio is slowly catching on but are they too ripe for a takeover?
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I don't think Sirius radio is a good investment at this point - they are still haven't shown a decent profit!
Right now, they are selling at $5.146/share. It has hovered between $4 and $8 a share for the past 6 months. It seems to go up when they make an annoucement (See: Howard Stern to join Sirius annoucement in December) and other than that, it stays pretty flat.
Now if XM buys out Sirius, that may cause the stock to move! But XM seems to be in better shape than Sirius, but I don't think it has the $$ to outright buy Sirius.
Just my ramblings,
-Z.