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John Kagley profile image jkag007

John Kagley

$0.32
UNITED STATES
4/20/08
$1,539,308.90

1
02/04/09
69.4%
53.9%
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Stock Pick by John Kagley

SIRI: Sirius-ly, folks, XM is here to stay

Start trading SIRI with real money!

Rate Analysis
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3 ratings
Posted 283 days ago on 2/11/09

SIRI will go UP
$0.50 on 5/11/09
$0.63 (978.77% from time of market call)

Don't get me wrong, I was a die hard lover of XM and hated the idea of merging the two and ruining my channel selection, but the merger turned out a sweeter deal for subscribers than I had ever imagined. On the flipside, the corporate structure continued to crumble and falter under tremendous debt issues and profit failures. While it is safe to say our subscriptions will keep being honored and I can still rock out to my Elvis tunes on the road or at home, it will take time, time, and more time for the infrastructure to restructure and come to turn profit. I think it is entirely possible to see a half-dollar stock price before the summer if things go well, but don't sell your stock right now because things, with TIME, will certainly get better. This company isn't going anywhere so at some point things must turn for the better. I think by next year the possibility of a full dollar's stock price is attainable.

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