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.
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.
