Comments on: xm sirius merger - xm sirius merger approved and Stock implications http://thepennysaved.com/2008/03/24/xm-sirius-merger-xm-sirius-merger-approved-and-stock-implications/ Personal Finance, career, investing, retirement, saving and debt blog Fri, 21 Nov 2008 14:23:18 +0000 http://wordpress.org/?v=2.3.3 By: Jesse http://thepennysaved.com/2008/03/24/xm-sirius-merger-xm-sirius-merger-approved-and-stock-implications/#comment-788 Jesse Mon, 24 Mar 2008 23:42:26 +0000 http://thepennysaved.com/2008/03/24/xm-sirius-merger-xm-sirius-merger-approved-and-stock-implications/#comment-788 Randy, I couldn't agree more. I see it as a win win win for consumers, stock owners and both businesses. The truth is, the competition in this case is from terrestrial radio, as well as podcasts, MP3 players, etc. I see this as the only way for satellite radio to truly thrive. Randy, I couldn’t agree more. I see it as a win win win for consumers, stock owners and both businesses. The truth is, the competition in this case is from terrestrial radio, as well as podcasts, MP3 players, etc. I see this as the only way for satellite radio to truly thrive.

]]> By: randy http://thepennysaved.com/2008/03/24/xm-sirius-merger-xm-sirius-merger-approved-and-stock-implications/#comment-787 randy Mon, 24 Mar 2008 23:39:58 +0000 http://thepennysaved.com/2008/03/24/xm-sirius-merger-xm-sirius-merger-approved-and-stock-implications/#comment-787 The merger has been unfairly held up for over a year via government interference. My guess is that terrestrial radio stations as a group banded together to pressure officials. Geez...even the Exxon-Mobil merger was less scrutinized than this deal has been! But I think that the consumers win in the end if the merger goes through. I just wrote an email to the Chairman of the FCC (the last roadblock to the merger) requesting that the FCC allow the merger, and let the free market decide the fate of the two companies (which by the way have been money losers...you can see their balance sheets on http://www.sec.gov/cgi-bin/srch-edgar). The plan is to have the a la carte service, which like you said, should drop prices for consumers. As far as stocks go, Kramer on Mad Money is suggesting that $5 target price for Sirius in the SHORT term would be likely. But I think that the plan of Sirius CEO Mel Karmazin for a combined company that includes long term growth and expansion would be a good reason to consider them now since they are at $3 and change. Karmazin is a winner. The merger has been unfairly held up for over a year via government interference. My guess is that terrestrial radio stations as a group banded together to pressure officials. Geez…even the Exxon-Mobil merger was less scrutinized than this deal has been!

But I think that the consumers win in the end if the merger goes through. I just wrote an email to the Chairman of the FCC (the last roadblock to the merger) requesting that the FCC allow the merger, and let the free market decide the fate of the two companies (which by the way have been money losers…you can see their balance sheets on http://www.sec.gov/cgi-bin/srch-edgar). The plan is to have the a la carte service, which like you said, should drop prices for consumers.

As far as stocks go, Kramer on Mad Money is suggesting that $5 target price for Sirius in the SHORT term would be likely. But I think that the plan of Sirius CEO Mel Karmazin for a combined company that includes long term growth and expansion would be a good reason to consider them now since they are at $3 and change. Karmazin is a winner.

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