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The FCC announces that any parties that oppose Liberty Media's (LMCA +0.7%) proposal to take...
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Tuesday, October 2, 2012, 2:04 PM ETThe FCC announces that any parties that oppose Liberty Media's (LMCA +0.7%) proposal to take over Sirius Radio XM (SIRI +2.7%) have until November 1st to file their initial protest with the agency. With the merger now all but imminent, shares of SIRI have ripped to a 4-year high today, helped in part by BofA's Jessica Reif Cohen who launched coverage with a Buy rating on the "compelling" stock.
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I love the stock and did trade it for a while but about three months ago I decided to just stay long. I wish Direct TV would put it on their package rather then the junk music they have on.
Though I am and have been a customer of Sirius since it launched and I insist on having it in all of my cars. I just upgraded my system in a recently acquired used car just to get SiriusXM in it.
I love the convenience of it. I find the radio stations could use some improvement on the play lists, but over all it provides the perfect convenience for long car rides, places where there isn't much FM, or commute hour where all FM has is sleep train commercials.
However, SiriusXM has a problem with quality. The audio quality is horrible and continues to get worse every year as they add more and more stations. The over-compress the hell out of the signals and it's very unfortunate. The better the audio equipment, the more obvious the quality is. Fortunately for them, people seem to not care so much about quality and care more about quantity.
Internet radio is supposed to kill SiriusXM, but those who believe that forget that carriers have low bandwidth caps and data speeds are not consistent enough to handle it. Satellite on the other hand works everywhere even where cell signals don't exist.
I'm long on SiriusXM. I bought at $0.15. It's up to $2.65 now. I wish I had bought (a ton) more but when I bought they were in imminent danger of bankruptcy.