A serious deal
We’re talking about some serious money, and I mean in Sirius stock. The merger between Sirius and XM as one satellite radio company might be a complete fallout, but the potential profits from a quick position look great.
Bargain hunting today for some top stocks I took a look at Sirius which has completely hit rock bottom, and it should, its still losing millions each and every quarter as it fights to maintain itself while looking to merge with XM. The fundamentals aren’t exactly on its side, but what I see as a possibility looks great. I think we could see a quick spike in Sirius stock.
The problem is that in 1997 the FCC stated that it would oppose a merger in the satellite radio market that would leave just one competitor. Fast forward to today, I’m not so sure that the companies will have that hard of a time convincing the FCC that the two companies are competing with traditional media as well. Even in 1997, no one knew possibly how large the internet would ever become. Even the iPod should be seen as a competitor.
But what we have in front of us is the possibility of a 5 bagger, at least, if the FCC allows the merger. The September options for Sirius are great, $.25 for $3 call price going out to September. The FCC should rule far before that, but this gives us plenty of window and plenty of volume to sell into.
On March 24 when the Department of Justice ruled in the merger’s favor, the stock price went from $3 a share to $3.80 in rapid trading. I have no doubts now that we could see a movement just as big, if not bigger due solely to the fact that this is the last legal hurdle. Get in now on call options at $.25 per, there is some monstrous upside if this gets approved. If the deal falls through you haven’t much to lose at an awesome shot at picking up what appears to be “free money.”
does anyone in the stockesphere have an opinion on fresh water
stocks please respond