I have just DOOMED Sirius Satellite Radio

[Razorguns]

you gotta do more research man. I know you hate stern, but he and mel karmazin don't just put their entire careers on an 'antiquated technology'.

I could've sworn i read a report over at newslinx.com that lists their subscriber base at 100,000 -- and a company memo that clearly states they NEED to get at least 1 million within 3 years in order for them to start making a profit.

Boy have they got their work cut out for them.

Heck, i don't even know anyone personally who has satellite radio. And i know lots of well-heeled people. I correct, one person actually.

They gotta change their marketing standpoint. Add more attractive features. Combine with say gps mapping software or something. What they've done so far has NOT worked.

Iknow cuz i worked at DirecTV for 4 yeras. And we went through the same analytical investment/profit marginalization and churn rate crap for years.

 

[Lumberg]

my friend has a 2002 Mercedes that uses CDs to drive its digital map-based navigation system.

That technology really took off.

 

[bran987]

I could've sworn i read a report over at newslinx.com that lists their subscriber base at 100,000 -- and a company memo that clearly states they NEED to get at least 1 million within 3 years in order for them to start making a profit.

Boy have they got their work cut out for them.

Heck, i don't even know anyone personally who has satellite radio. And i know lots of well-heeled people. I correct, one person actually.

They gotta change their marketing standpoint. Add more attractive features. Combine with say gps mapping software or something. What they've done so far has NOT worked.

Iknow cuz i worked at DirecTV for 4 yeras. And we went through the same analytical investment/profit marginalization and churn rate crap for years.

It used to be 100,000, they just announced they passed 800,000. 1 million by the end of the holidays, actually they said they won't be profitable until first quarter '06. I know a few people who have 'em, but oh well, nobody really knows, opinions are like assholes right everyone has one. you and me both lol.

 

[Paulos]

I have 200 Shares that I got around 3.20 or so.

 

[gymrat]

satilite radio...like the internet, will never take off.

 

[gonelifting]

DCA Dollar cost average, if you are`nt sure if the price will go up or down in the near term. If you want a 5k investment, put 1000 every 2 months or so for one year. If it dips, you get more shares, if it goes up you`re still in and I guess you`re glad it`s going up.

It`s like investing in a weekly 401k or something.

I hate doing that because of tax reporting reasons, it gets harder to figure out cost basis and shit, but that should`nt deter you from trying it.


On another note, there are some REALLY knowledgable mutual fund managers that invest in "Focus funds" they consist of 15 to 20 stocks as opposed to a couple hundred a regular mutual fund may have. These guys can really get a good return for you because it IS their full time job and have more resources etc. I forget some names of funds, I have`nt had mutual funds in a while, but I like them.


Good luck bran, and I hope you got my k message yesterday. I really meant it.

 

[bran987]

I knew I would doom it! JP Morgan downgraded it today, it's down 7% today!

GL, I did get your K message, you don't know how that made me feel. Really.

And I have something to say about the Focus Funds you mentioned when I get to work.

 

[gtrcivic]

best thing besides buying it at $3 would be to short sell the stock....when it was at $6 price...then make your $$$ when it drops in price... Sirius is in the works with several car manufacturers to install them in new cars...that should increase the users and eventually drive up the stock price as well....also as Stern gets closer to going on Sirius, it will see a gradual increase in price....

 

[gonelifting]

They must have some kind of deal with Satellite companies as well. I listen to them on Dish network. I don`t subscribe to them specifically, it`s just worked into the price with the channels I guess.

 

[bran987]

On another note, there are some REALLY knowledgable mutual fund managers that invest in "Focus funds" they consist of 15 to 20 stocks as opposed to a couple hundred a regular mutual fund may have. These guys can really get a good return for you because it IS their full time job and have more resources etc. I forget some names of funds, I have`nt had mutual funds in a while, but I like them.

ok about the focus fund. there is "systematic" (meaning, undiversifiable) risk in a portfolio, and then there is "unsystematic" risk. they (meaning, economic theorists) used to think that to diversify out all of the "unsystematic risk" of a portfolio, it would have to contain ~50 different stocks. They have since discovered the number is actually about 20. so while those focus fund managers may not have 100 stocks in the mutual fund, they ARE still practicing prudent portfolio theory. For them to own less than this ~20 stocks though would be irresponsible from a portfolio theory standpoint.
devastation the one thing you have going for you is you have developed an investment style that you are confident in and carry through, that is much better than a more diversified investor who does not have much else of a plan.