the report offers very little new insight into the valuation of SIRI.  Instead, what we get are overly simplistic observations that have been well-known to the market for some time.

Here's What We Do Know

We know growth is slowing.  We know the company may need capital.  We know about increasing customer acquisition costs, we know that the merger delay hurt the company, and we know that a recession is killing discretionary spending.

None of this stuff is new.

What we don’t know is what this company will look like in the future with its only real competition being a weaker free radio platform.  The play here is not to convince the young to ditch ipods.

Now the play here is content.  It has always been about content and consumer willingness to pay for choices.  SIRI has the content, and that is why they beat XMSR and that is why they will make money down the road.

This nonsense of a conviction sell is nothing but a pure manipulation to make money.  How much money?

Well, if Goldman makes $0.03 per share and they traded 50 million shares last week, they made a cool $1.5 million.

That more than compensates an analyst who did nothing but overstate the obvious.  Unfortunately that is how the game is played on Wall Street.

Nobody cares to pay for insightful comments about how SIRI will make money in the long run with this deal.  Nope, it’s all about pushing a stock lower when you can and making money on the trade.

It is beyond me why anyone follows such tripe.  Oh well, I still have faith in SIRI in the long run and this too shall pass.  Those shorts have to cover at some point.  Maybe they do so when the merger is finally announced.

Ken Trester can show you how to take the guesswork out of trading SIRI! Free up your investing capital and your peace of mind with a trial subscription to Ken Trester's options trading service, Fast Options Profits. With two trade recommendations every week that you can get into for less than $2 a piece, Ken aims to take the stress and the guesswork out of options trading. Start your RISK-FREE trial subscription to Ken Trester's Fast Options Profits today!