Sirius Up Again; Trend Should Continue. Ford and GM… What About Them?
Sirius XM Radio (NASDAQ : SIRI ) is up again today. The significantly undervalued stock has been climbing steadily this week. The only reason the stock has not completely taken off is that most investors are waiting for SIRI fourth quarter earnings. The fourth quarter will be the first real quarter where any synergies will be realized from the merger between the two satellite radio companies.
The stock has struggled since the merger to ever pick up ground, mainly due to the stock being highly devalued by so many additional shares being issued. SIRI is also being held down by the automotive companies who seem to be in a never ending lingo. Do not forget that Sirius is in every major automobile manufacturer.
There was good news this week as Ford ( F ) negotiated with the union to cut better health care deals. Ford is the one American auto company that may just ovoid bankruptcy without severe government help. Both General Motors ( GM )and Ford are up today, trying to convince investors they will make it.
GM only really has a few things going for it. The new Camaro is debuting soon, which should increase sales. The only problem is the V6 Camaro is turning to be the truly hot ticket… not the more expensive v8. The V6 Camaro has as much horsepower as the V8 1998 Camaro. No company likes a car that sells most of it’s units at the base price.
Chrysler?… Do not buy Chrysler… ever.
These are bargain stocks. Do all of these stocks deserve the bargain price?
Note: I am currently using TradeKing!, and could not be happier! $4.95/Trade. They have offered a promotion to our readers!
Switch to TradeKing and get up to $150 in transfer fees reimbursed.