Satellite stock
: The NY Post reports that there’s an investigation into the rise Sirius stock before Howard Stern announced he was moving there. The SEC even subpoened show regular Chaunce Hayden — who never gets anything right; he even tried to “report” that the wrong Desperate Housewife was reputed to be gay after he heard part of a TV tease. Stern has said frequently that he could not tell anyone about his plans until the announcement was made precisely because it would have been insider information.
But this was hardly insider speculation. As soon as Janet Jackson bared her inch of flesh, I bought Sirius and announced it here. It was obvious to me: The FCC witchhunt would get worse; Congress would go nuts; Stern would leave terrestrial radio; he’d go to the player ready to pay him more and because Sirius is the underdog, it would be Sirius. It’s the only stock pick I’ve ever done well because it was so damned obvious.
