It is truly amazing that in our world today we are a ruthless people; plain and simple. When things go bad we think they will get even worse than they are.
This seems to be especially true with our favorite stock Sirius (SIRI). The buzzards, sharks, bears are all circling as we speak. They smell blood in the water and are looking to pounce. There are even authors on here that want to hear bones crunching as the stock price number gets lower.
Although things in my personal life have caused me to write less than I'd like to, I for one still somewhat believe in this stock and the fundamentals. I, unlike some, do not write for clicks nor come on here to bash other authors. I do not have a financial need to write. I write these articles to express my point of view on a subject and because I enjoy it, nothing more. And to get a laugh out of you guys with the pictures of course!
As I have mentioned in recent articles, at one time I was a 10 on the stock (going back 3-4 years) and recently came down to a 7, now I am more like a 6 for the long term prospect. But the next 2-3 months I believe are going to be very telling for Sirius and its long term prospects.
No matter what anyone on here says, whether a reader, commenter, author or even someone who can crunch the numbers and knows it all, can they predict where this stock will be in 3 months. No one (myself included) has all the answers. I believe in the fundamentals of the company, hopefully they will be allowed to benefit the future of the company unless LIberty (LMCA) takes what it can get first. Anything can happen in the next 3 months, if anyone tells you it WILL go down a certain way, be weary. Remember this company constantly under projects so even with a bad quarter they should not be far off of guidance.
That being said, I have to call out something I recently read. It seems the shark circling has gotten so bad I actually read an article from an author whom I am not familiar with that stated that Sirius is not a monopoly. OK, fine that's your opinion (I don't agree with it) but saying Pandora (P) is the reason why that is the case? That made no sense to me.
He states that Pandora is growing every quarter BUT he fails to mention that the ad revenue IS NOT keeping up with the listeners! In fact the company has not turned a profit yet to date? Oh wait, they had one quarter ending October 2011, gee how silly of me to forget that one.
Pandora does not have the better, equivalent, or even a remotely close model compared to Sirius. End of story. The Pandora bulls need to really quit tooting their horns until they can show me they have a winning (thank you Charlie Sheen) product. Pandora has STILL not turned a yearly profit as of yet. Until it does, as far as I am concerned, it is a losing business model.
The moral of the article today is to read up as much as you can on the stock, decide what your threshold is for staying with it (use a stop-loss) and make a decision. No one has all the answers, everyone gets things wrong. We are all human. My advice is to hold the next 3-6 months (if you can afford to) and see how this year pans out. I personally have sold off some options and took the profit, but still hold shares in the company.
Taking a profit (if available) is not a bad decision either. But again, through all the comments, the pumpers, and the bashers remember at the end of the day it is your money so make sure you make it's your decision. If this is my last article I wanted to thank all of my readers, followers, and most of the authors on here. For the most part you have made this an enjoyable experience, I wish you nothing but the best.
Disclosure: I am long SIRI.