Sirius/XM Merger

I hear Stern talking about this all the time and then I heard Jim Cramer going off about it on Kimmel and Stern.

 

I realize Stern has a reason for bringing this up all the time, but it does seem to have been a long time this merger has been held up.

 

I'm not much on knowing any of this shit, but you guys all seem to know what's up, so what's the real story here?

 

Is it just that regular radio has alot of government in their pockets?

 

Is it really mostly about Stern? I know government in general always has had a problem with him and this merger prior to 2005 would have gone throough in like 5 seconds, correct?

 

Thanks for your time in answering in advance.

 

I was holding SIRI for a time, and actually just sold my position last week, at my original basis, out of frustration. 

 

I suspect that both reasons you stated above; a distain for Stern and political contributions from radio, are blocking their decision.  I will also say that Cramer is doing nothing for the shareholders by bust'in on the politicans and basically accusing them of being bribed.  That certainly isn't going to help the process move forward...........what a douche.

 

Anyway, I was holding SIRI not as a long term investment, but more of a quick trade if the merger was approved.  Long-term, I just question the viability of satellite radio.  Maybe they can find their niche, I just don't know.

 

What I don't understand is the delay in making a decision.  It's not fair to SIRI, XM, or the shareholders.  But I guess we can be thankful we have big brother to protect us from an evil satellite radio monopoly..........

 

Certainly the risk/reward should be there if you decide to invest, but it may take the patience of Job, to realize your return.