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No. of Recommendations: 11
Hi.

Bought some shares a couple months ago (before Sterns joined) made a nice profit and just sold all my shares. Why did I sell? Well, main reason is that I need the money.

Another reason I'm selling is that this stock has become way too expensive. Market cap of 9.17 billion vs. XM's 7.57 billion? XM still has a LOT more subscribers than Sirius. Just in case we have some viewers who haven't checked number other than the raw stock price, here are some data from yahoo (most recent quarter): Price/Sales (ttm): 189.25 Net Income -169,433,000 Total Cash Flow From Operating Activities -100,346,000 These are just plain ugly numbers.

If you remove all the stocks/stock options from this company, what do you have? A company that's in the red quarter after quarter. Yes, I believe that Sirius has a great future ahead, but in the short term, I'm a little worried. Will I jump back on the Sirius bandwagon? Probably, but not at these prices.

These days with Sirius I feel as though I'm playing dollar slots as supposed to investing. Do I take out my money while I'm ahead or do I keep my money in the slot machine and hope for that huge jackpot?

As I said earlier, I made a nice profit, I'm happy and I'm out. Sirius is "too rich for my blood."

Quelegal
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