Sirius Xm

Discussion in 'Stocks' started by Nickvac, Jun 16, 2008.

  1. Nickvac


    Looks like this merger is going to happen. Anyone else besides me still think both of these stocks are a waste even if they merge?
  2. they will save a lot of money if the merger finally gets done, but they are in a tough area of business since they are certainly discretionary spending. hard to justify buying satellite radio when a tank gas costs 60 bucks.

    i did think it was funny when i saw citigroup up their target on siri to 9 since the deal is likely getting done. i'd love to hear where they think all this new business will be coming from lol.
  3. m22au


    From $2.75 last week to $1.50 this morning - not fun for the posters on the Yahoo messageboard for SIRI.

    319.59 million XMSR shares = 1.470 billion new SIRI shares

    1.50 billion existing SIRI shares

    Total outstanding SIRI shares now 2.97 billion * 1.50 share price = 4.45 billion market cap
  4. pretty hard to justify this as a $4.5 bil company. could still trade down from here significantly.