Posts Tagged ‘sirius stock’

How Low Will Sirius XM Stock Go?

Thursday, November 20th, 2008

Sirius XM stock closed today (11/20/08) at a disgraceful .14 cents. Stock symbol SIRI is going to fall off the stock market soon. It is scary because the product is amazing. Just think you can have the NFL, MLB, NHL, NBA, College sports, NASCAR, PGA, Soccer, Horse racing, Sports talk, Commercial Free Music, Howard Stern, Covino and Rich (Maxim Radio), BTLS, Mad Dog, Martha Stewart, Oprah Winfrey, Opie and Anthony, Jimmy Buffet’s Margaritaville, Eminem’s Shade 45, Siriusly Sinatra, Tom Petty’s Buried Treasure, Willy Nelson’s Place, BB King’s Bluesville, Everything Elvis, Bob Dylan’s channel, Medical channels, Religious channels, News channels, Traffic, Political channels, Comedy, Talk radio, Music from the 50’s to today, and more.

How is this stock only .14 cents? The stock is only .14 cents because the government would not allow these company’s to merge on a proper schedule. This merger was delayed so long it became the longest merger in the history of our country. We are talking about satellite radio. This is not necessity and there is plenty of competition with Ipods, terrestrial radio, CD’s, MP3’s, internet, cell phones and other ways to receive music.

It’s not like letting Exxon Mobil the largest oil companies merge with no problem. Then I have to pay over $4.00 for a gallon of gas. Great job government. You never seem to surprise me. Is there anything in this country that is not corrupt? Seems like corruption has reached everything. I bet our founding fathers are rolling over in their graves as this country spins out of control.

How much $$$ did Howard Stern lose with Sirius Stock?

Tuesday, November 11th, 2008

As we all know Sirius and XM was finally allowed to merge. Although it was the longest merger in the history of our country (about 17 months) it did not help their stocks. The Department of Justice took there time on this decision unlike important ones such as Exxon Mobil. As they took there time both companies stocks began to fall. Now the stock is only worth about .27 cents.

So I wonder how much money Howard Stern loss in Sirius stocks. Howard Stern signed with Sirius in 2004 for a 5 year contract worth $500 million. He was then paid approximately $200 million in stock in January of 2006 along with his agent Don Buchwald who was giving about $20 million in stocks. It is reported that the two did sell their stock options and cashed it in. In January of 2007 Howard was rewarded $83 million for subscription growth. Now remember when Howard Stern started at Sirius on 1/9/06 Sirius stock was at $6.57. It is now worth about .27 cents. So how much did Howard Stern lose in Sirius stock?