If you followed my post from February 18, 2009, you are sitting on an almost 50% gain on Sirius. This is an great gain vs what we are seeing in the market. You can only get this type of gain from small companies and distressed companies. Sirius hits both of these marks. It has a great chance of going bankrupt, but when Liberty Media comes in and funds them millions to pay off their loans, they have a good chance of weathering this storm. There must be something up their sleeves and it shows it with the closing price today at $0.235. I, myself, am looking for the long-term gains and I will wait this one out. It’s so cheap that the up-side is definitely much bigger than the downside.
Tag: SIRI
Sirius/XM Radio, SIRI, has dropped to an all-top low last week at $0.05. Yesterday, it made a whopping increase of 60% and ended the day at $0.16. This was triggered by a loan made by Liberty Media. This helps prevent Sirius from filing bankruptcy and gives it more time to find a buyer. This also gives Mr. Malone, Liberty Media’s chairmen, ownership stake in the company. Liberty Media also owns DirectTV. It be interesting to see what type of partnerships and deals come out of Sirius/XM Radio with their satellite packages. I see this stock moving up from here on. Even Dish was interested in this deal, but lucked out when DirectTV helped them out. I see plenty of potential in this stock. At $0.016, you have a lot more upside than downside. Buy 1,000 shares and wait a few years, let’s see what happens 😉
