stockdoc06

What’s Going on with Sirius XM Stock?

You are not even close to being accurate and your statements reflect either incompetence at best and fraud at worst. You are missing the $5.7 billion in goodwill assets that were "created" by Sirius buying XM and corresponding additional-paid in capital "created" by issuing more than a billion shares of stock. Maybe if you learned some of the tricks "only accountants can understand" you would know that the liquidation value of goodwill is zero. In fact, if you are so confident I will sell you $5.7 billion of good will at the bargain price of $1 billion...no joke...hit me up and we'll cut a deal. What Sirius did was pay a whole lot for a company, which like itself, had negative book value and through the wonders of accounting now has a book value of $1.6. Now that I think about it, they didn't pay a whole lot, because they paid for XM with their own negative book value shares. Nice move Mel.