Sirius XM Radio Inc (NASDAQ:SIRI) Short Squeeze Rally Possible
Sirius XM Radio Inc (NASDAQ:SIRI)
Big changes are under way at SIRI Jim Meyer, has emerged as the man to replace Mel Karmazin as chief executive of the satellite radio broadcaster, according to sources with knowledge of the situation, however, Liberty Media may hire a big name CEO.
Regardless, the change is unstoppable and will culminate it a substantial run forward in this undervalued stock.
Our target is $5
Apart from the $2 billion common stock repurchase program, that should add 20% to the price, Liberty Media will also be buying, we can add another 5% for that, most of the stock will come from speculator/day trader types, that is another huge bonus for the shareholders, so at the end of the buyback period I estimate the price to be $5.
The growing possibility of a substantial short squeeze may see the stock run over $5 briefly and we think the company knows it and will finally extract revenge on short sellers that have plagued the stock for years.
With Auto sales booming, it will not pay to stay short SIRI.
The Short data is below
| Settlement Date | Short Interest | Avg Daily Share Volume | Days To Cover |
|---|---|---|---|
| 11/30/2012 | 339,089,166 | 66,204,795 | 5.121822 |
| 11/15/2012 | 296,274,375 | 77,234,323 | 3.836045 |
| 10/31/2012 | 297,872,278 | 89,227,709 | 3.338338 |
| 10/15/2012 | 274,885,838 | 78,466,299 | 3.503234 |
| 9/28/2012 | 288,562,482 | 71,537,122 | 4.033745 |
| 9/14/2012 | 298,931,286 | 51,620,375 | 5.790955 |
| 8/31/2012 | 283,157,528 | 49,200,676 | 5.755155 |
| 8/15/2012 | 259,752,029 | 105,444,881 | 2.463392 |
| 7/31/2012 | 329,897,851 | 38,065,661 | 8.666547 |
| 7/13/2012 | 304,461,310 | 43,694,659 | 6.967930 |
| 6/29/2012 | 289,951,168 | 33,488,425 | 8.658250 |
| 6/15/2012 | 298,260,697 | 28,277,090 | 10.547786 |
| 5/31/2012 | 306,525,780 | 59,829,225 | 5.123345 |
| 5/15/2012 | 294,106,223 | 87,262,664 | 3.370356 |
| 4/30/2012 | 271,252,407 | 42,569,238 | 6.372029 |
| 4/13/2012 | 285,024,747 | 67,168,964 | 4.243399 |
| 3/30/2012 | 287,587,035 | 40,523,817 | 7.096741 |
| 3/15/2012 | 307,802,184 | 47,153,056 | 6.527725 |
| 2/29/2012 | 285,847,828 | 56,846,316 | 5.028432 |
| 2/15/2012 | 273,099,537 | 57,381,551 | 4.759361 |
| 1/31/2012 | 304,862,970 | 63,744,120 | 4.782605 |
| 1/13/2012 | 305,095,277 | 67,336,410 | 4.530911 |
| 12/30/2011 | 301,375,854 | 25,064,720 | 12.023907 |
| 12/15/2011 | 299,035,691 | 43,216,094 | 6.919545 |
Sirius XM Radio Inc confirmed fiscal 2012 revenue, adjusted EBITDA guidance and expects revenue approaching $3.4 billion, Adjusted EBITDA of approximately $900 million for fiscal 2012.
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Guest: bztg, come on shane, lite this puppy up. been waiting too long lets go!!!
Tue, 04/30/13 | 0 Comment
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Guest: gsat get it now. if u snooze u lose
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