I Just Bought 90 Shares of Sirius XM for $90 – You Should Too

Published by on September 11, 2008

So it looks like Sirius XM has taken quite a beating in the markets since their acquisition. Sirius, the purveyor of Howard Stern and NFL radio, merged with XM satellite radio and MLB baseball. Besides the major sports broadcasting, and Howard, the networks were essentially the same.

After the merger, it makes the decision for satellite subscribers dead simple. Do you want terrestrial, and essentially just music, which you already have in your car or do you want satellite replete with all of the major sports, and best talk radio on the planet.

The Merger Will INCREASE Profitability

For a company with a combined 19 million subscribers, I find it hard to believe that Sirius XM will not recover from the shelling it’s been taking on Wall Street lately. The stock had a 52 week high of $3.52, and this was amid the constantly delayed merger talks, which may or may not go through.

And for this bargain basement price of $.89 per share, I thought this was probably the best investment I can make of $100. Hell, I don’t plan to touch this stock for another 5 years, and I can almost guarantee you this stock will more than quadruple in value — pretty nice return.

So jump on the bandwagon or the sinking ship with me, the water’s fine!