SatRad Trader: Shorts Should Consider Their Risks
The merger rumors are swirling. At first it was the press, but now, the tier-one analysts are chiming in, adding credibility to this idea. Even the management teams of both XM and Sirius seem open to suggestion.
There is no way to know if a merger would be approved or not by the FCC unless a firm deal is actually brought before the panel, so both companies would have to actually come to agreement before this happens. This could take time.
Is it time for shorts to cover? As long is there are merger rumors making the headlines, there is a risk of a squeeze.
Labels: short, sirius, xm
1/12/2007 11:07:00 AM
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