Thursday, May 15, 2008

FCC Merger will help SIRI double.

This is just a quck entry about Sirius Satellite Radio. The stock currently is down below $3. The company just released decent earnings and is waiting on the FCC to approve its merger with XMSR. The merger which has passed Department of Justice approval has been waiting over one year for the FCC to approve the merger. I belive the merger will go through and the stock will probably double shortly after. The stock will go up a lot once the announcement is made and then might drop a bit as people sell off.

I have a target price of $7.50 by February 2009.

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