Posted by: thapap December 7, 2005
Login in to Rate this Post:
0
?
thugged out,
i am neither a speculator nor a day trader. I usually buy stocks for long term.
but here are some of basic fundamental reasons why I would NOT buy Sirius Satellite Radio Inc. (SIRI) for long term:
1. in last six months insider has sold approximately worth $46million i.e. 36 million shares. i.e. about 2% of outstanding shares. BIG NUMBER. [ when insider sales in that fashion usually not a good sign].
2. EPS is negative. This company has a negative cash flow. its burning its cash. 711million per quarter. big liability and it is generating cash by playing with financing like selling convertible notes etc.
3. Price is hovering around its 1 year target.
BUT GOOD LUCK BRO!!! U have source to reliable information.
=====================================================
as always
what do i know(O: