Nearing the End?

Discussion in 'SiriusXM Soundwave Cafe' started by Agateman, Oct 29, 2008.

  1. Agateman

    Agateman New Member

    With Sirius stock trading for pennies (34 cents at post) and the future challenge of finding financing for a significant debt load from the merger, a question needs to be posed.

    Is Sirius-XM in real trouble?

    Much of their new business is built around new car sales, which are abysmal. In an economic climate where people are laying off their gardener, pool service, cable/satellite TV, restaurants, etc., how much longer can Mel hold off the wolves?

    No one loves Sirius more than me. I have invested in it as a subscriber and a stock holder. But logic dictates that we may be nearing a terminal decision.

    :(
     
  2. HecticArt

    HecticArt Administrator

    Hang on. The ink is still wet on the merger papers. Give them some time to sort it all out. If their financials and the stocks still look rough in a year or two, you may have call to be alarmed. But for now you should sit back and enjoy the music.
     
  3. DAB

    DAB Mod Emeritus

    Yeah it is a bit soon to be declaring the sky is falling!
     

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