SIRI has a market cap of appx 4.5 BILLION, and only 600k subscribers @appx $13/month. thats 92M revenue. they paid stern 500M for his contract, appx 300M to nfl, a bunch more to MLB, eminem. They lost 200M+ last year. Figure out how many subscribers they need to get out of the red.
There is soo much dilution here. I've hit all the good shorts right so far this year, NFLX, GLBX, MACR, maybe I'm due to be wrong on one, but I don't think so. I'm up over 40% so far this year. I've been buying 06 2.50 puts.
Good luck to you whichever end you play it.
John C.
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