Shares of Sirius (SIRI) and XM Satellite Radio (XMSR)have fallen over 30% since the reiteration of sell ratings and lowering of price targets for both companies by Goldman Sachs last week.
With the sell off, the combined market capitalization of the companies now stands at just over $5.1B, levels not seen since Q4 of 2003.
Given the current share price of around $2.50, and with the current merger prospects, Sirius (SIRI) is now a must-own simply because it's well below its fair value of $4 a share by the average analyst.
Mad Money's Jim Cramer sees SIRI seeing $6 a share when the merger is complete.
Too many parties have too much to lose to let this one go through without a fight, TheStreet.com's Jim Cramer says.
No, it is not over. If there is one thing we have learned about Sirius (NASDAQ: SIRI) (Cramer's Take)-XM (NASDAQ: XMSR) (Cramer's Take), it is that at every step of the way, people have to try to block it or at least hold it up to the point that someone goes out of b...
The Sirius (SIRI) /XM Satellite Radio (XMSR) merger has been under DOJ and now under FCC review for longer than the Iran hostage crisis. <!---->Jim Cramer has commented that the deal may not happen. How should the stockholders expect the two stocks to react, in terms of stock price, if the deal falls through because the FCC requires onerous conditions for the merger which cannot be accepted?
The long awaited merger of Sirius (SIRI) and XM Satellite Radio (XMSR) is near FCC approval and investors would do well to jump in while the stock is down.<!--more-->
The deal was approved by the DOJ with no conditions attached and now awaits approval by the FCC. If BellSouth and AT&T (T) were allowed to merge back together after a painful divestiture, there is no way this deal can be blocked. It is going to happen. That is why both companies are putting off the Q1 stockholders meeting and have no intention of calling the deal off.
4/24 - "...it seems unlikely that the FCC will vote on the
merger at its May 14 meeting. A ruling by late May or early
June could occur. We believe the FCC is highly likely to
approve the merger with relatively modest conditions."
"Sirius should report first quarter 2008 results in early May
showing 370,000 net new subscriber additions, down from 556,000 a year ago...Sirius could end the first quarter with 8.7 million subscribers, up 32% year over year. We anticipate the majority of subscriber additions will come from OEM automotive distribution. Sirius should continue to lead the satellit...
4/25 - "Either short sellers don't think a merger between Sirius (NASDAQ: SIRI) and XM Satellite (NASDAQ: XMSR) will happen, or they don't believe that the deal will save the two debt-laden companies. Short interest in Sirius rose 20.2 million shares for the period ending April 15 compared with March 31. Total shares sold short hit 157.9 million. Shares short in XM also pushed up 6.3 million to 22.7 million.
The bets may be smart ones. The delay in approving the deal at the FCC has probably made it less likely that the merger will get the green light."
"Subscriber growth rates at the two ...
5/2 - "The long awaited merger of Sirius (SIRI) and XM Satellite Radio (XMSR) is near FCC approval and investors would do well to jump in while the stock is down...The deal was approved by the DOJ with no conditions attached and now awaits approval by the FCC. If BellSouth and AT&T (T) were allowed to merge back together after a painful divestiture, there is no way this deal can be blocked. It is going to happen. That is why both companies are putting off the Q1 stockholders meeting and have no intention of calling the deal off."
"The true synergies of the merger have been underestimated i...
When a stock is down, and trading like the SDARS equities have been,
the “shorts” always seem to become a popular subject. <!--more-->People speak of
market manipulation, and seem to run off on a tangent that those that
are short are the source of all of the problems that has an equity on
the down side.
With this merger, there are many reasons to short.While shorting equities is something that I personally am not prone todo, I do understand the concept and the market. I simply make a choicenot to short very often. Specific to the merger, there is an arbitrageplay that potentially has a lot o
In this April 1st article, I wasn't kidding around when I chose less popular stocks over hotly debated names like Google (NASDAQ: GOOG), Apple Inc (NASDAQ: AAPL) and Lehman Brothers Holdings (NYSE: LEH). Because investing is not blogging-the amount of hits, traffic and debate a topic stirs up does not help you make money (in fact it might hinder it considering all the cheerleaders are already investe...
Even in these uncertain times, there are stocks that have far better odds of outperforming than others. Yup, for a minute, just forget about all the different industries, economic guessing games, earnings-valuation time lags and the rest of the market rand...
3/25 - "Congratulations, Sirius and XM! You're about to get your merger approved! The problem: You're still screwed."
As the DOJ rehashed in its review Monday, Sirius (SIRI) and XM (XMSR) compete with far more entities than each other, ranging from AM radio to Microsoft Zunes. And even if the FCC doesn't burden the merger with any restrictions, the competitive landscape is only going to get tougher going. Here's what the new company is going up against:"
3/24 - "Jim Cramer came on CNBC's MAD MONEY tonight to praise the DOJ for approving a non-monopolistic merger that will actually help consumers. But he is also encouraging consumers to call into the Federal Communications Commission to pressure them to not block the merger of the two satellite radio players."
"Cramer said he thinks that Sirius will go to $5.00."
siri merger
- SIRI has become more bearish with hype of the merger on the verge of being completed. Price targets are set high, but the price is at its 52 week low. ...
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About Sirius Satellite Radio Inc
- Answers.com
With this merger, there are many reasons to short.While shorting equities is something that I personally am not prone todo, I do understand the concept and the market. I simply make a choicenot to short very often. Specific to the merger, there is an arbitrageplay that potentially has a lot o
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