Consumer Electronics
Do you see the shares of Sirius XM Satellite Radio increases with potential merger?
merge with XM Satellite Radio and Sirius Satellite Radio may, do u see an increase in their shares? Let me know your thoughts. I am looking for a few hundred dollars to throw into the stock market to earn some money and maybe look for ideas. Sirius currently at $ 2. 80 a share. Let me know what u think. Thanks!
When the merger which is still delayed and has questionable business motives is approved, their will only be one stock. Today SIRI and XMSR trade as two stocks. Look back about a year and see the levels that they traded at. XMSR and SIRI had a big run up. When SIRI was trying to gain market share and catch XM they threw a lot of money at a lot of people to get them on their side. These contracts are still there in both businesses. The merger has been sold to the FCC and SEC as one that will benefit consumers and I believe that they have agreed to lower rates. I can’t see hwo their business model can work at the current rates much less lower rates.