BURTBECK

Citi: Sirius XM Is “Massively Undervalued”

Slam: Mr Matthews entire blog is that because Citi has continued very bullish and makes some convincing statements to support its case, the other 20 analysts covering SIRI will fall in line with similar "buy" calls. And this will cause SIRI to go up.

MY POINT is that the "BUY" analysts have all along been WRONG and everybody who has bought on their sayso over a long four years has less money as a result. Their track record is pitiful!! I think the point is a very simple one!!

Citi: Sirius XM Is “Massively Undervalued”

Since 2004 every analyst "BUY" recommendation has been dead wrong.There have been literally dozens of them and my point is proven by just taking a long look at the 'analyst recommendation' page on SIRI Yahoo.
When Mel was with Cramer two days ago he chastised Cramer for only talking about Goldman Sachs 'sell' report. Cramer rightly said "Mel, he's the only one who has got it right!"