Why does Sirius Sattellite Radio stock keep going down, even though subscribers !
Question: bottom line isnt just revenue.
Answers: bottom line isnt just revenue.
I remember buying this stock at 1.97 $ and selling it at 7$
What a great stock. So I'm looking at it again and I see all these people from: thestreet.com, ford equity research, market edge saying to sell or avoid this stock. I think they are full of crap and now is a good time to buy this stock.
Maybe their financials are not that great because they are paying out more money for howard stern and karmazin than they are taking in. But that won't be forever.
It has nothing directly to do with subscribers. It's cash flow, earnings and projected earnings. And Sirius has nothing to do with the stock price. They don't own all the stock shares, shareholders do. And the market is what controls the pricing based on supply and demand - and earnings ;<)
-a guy named duh