Does Sirius Deserve Your Love?

Every time we mention Sirius XM Satellite Radio (Nasdaq: SIRI  ) here at the Fool, its shareholders seem to take that as a personal attack. Last week, fellow Fool Rick Munarriz even took the time to explain what he did and didn't like about the satellite radio operator -- and got drowned in a flood of fervent protests.

Well, Sirius XM looks risky to me, thanks to mounting losses on top of a shaky balance sheet. Satellite radio is a very cool technology with real benefits for its customers. But launching satellites is also a very expensive way to run a business, and the TV satellite companies overcome that hurdle by charging subscription fees no radio package could ever rival. Cool tech does not always translate to real profits, or else we'd all be slinging Iridium phones today. But Iridium turned out to be a massive waste of money in the end -- and Sirius could very well go the same way.

Where's the beef?
Nonetheless, do these borderline fanatical Sirius XM defenders have a point? Well, the stock has quadrupled in the past six months, which gives them a decent platform from which they can sling some mud. Of course, Sirius fans aren’t alone in that department:

Company

Current Market Cap (in Billions)

6-Month Return

CAPS Rating (out of 5 stars)

Las Vegas Sands (NYSE: LVS  )

$11.1

1,088%

**

Genworth Financial (NYSE: GNW  )

$4.5

1,031%

***

Dendreon (Nasdaq: DNDN  )

$2.8

808%

**

Barclays (NYSE: BCS  )

$67.3

632%

***

Allied Irish Banks (NYSE: AIB  )

$2.9

620%

****

Brookdale Senior Living (NYSE: BKD  )

$2.0

418%

***

Sirius XM

$3.9

364%

**

Market data from Google Finance.

All of these stocks have rewarded shareholders handsomely, assuming they timed their purchases perfectly and bought in six months ago. They range from global megabank Barclays (and a lot of smaller banks) to biotech outfit Dendreon to troubled casino Las Vegas Sands. Most of them also have very vocal supporters, though none quite as rabid as the Sirians.

What are you saying, Fool?
It seems obvious to me that a short period of market-beating stock returns does not make for a reliable investment thesis. Dendreon has popped on positive FDA approval news before -- and then crashed hard on the next batch of bad news. Is Barclays too big to fail? Well, we thought the same of Lehman Brothers and Enron back in the day.

In the long run, fundamentals drive price movements. All of these superball bounces are examples of companies that squeaked by in the market meltdown -- but buy-and-forget tactics using these stocks would be certifiably insane in my opinion. This includes Sirius XM.

Go ahead, flame away in the comments section. This asbestos suit has been battle-tested before.

Allied Irish Banks is a Motley Fool Global Gains recommendation. The Fool owns shares of Allied Irish Banks. Try any of our Foolish newsletters today, free for 30 days.

Fool contributor Anders Bylund holds no position in any of the companies discussed here. You can check out Anders' holdings or a concise bio if you like, and The Motley Fool is investors writing for investors.


Read/Post Comments (51) | Recommend This Article (10)

Comments from our Foolish Readers

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  • Report this Comment On September 09, 2009, at 2:05 PM, dvillone1 wrote:

    Enough has already been said to make the case about what a bunch of losers you people are. You down lots of stocks that have proven to be big winners and have a lot of upside. You know the upside going forward. Read some of the other articles recently posted on sirius sight. I guess you can't read. You have way too much time on your hands and no talent or brains for this line of work. Get lost, loser.

  • Report this Comment On September 09, 2009, at 2:08 PM, richardk33 wrote:

    You people at MF are really morons of the same caliber as Cramer, You continuously brag about your pick of Walmart which was 20 years ago and made 435% on it, oh wowee, I've made 1100% on LVS since you have picked it as garbage for the last six months, WMT has been stagnant at $50.00 for five years, gee I think I'll buy some and put in a shoebox and see if I make money on it. I'm sorry but your subscriptions and books are worthless crap and you and Cramer need to set up stands at gas stations to sell it to the dummys that walk in. Only a real FOOL would pay attention to your stupidity. Your name is very appropriate.

  • Report this Comment On September 09, 2009, at 2:17 PM, dcsilver wrote:

    What bothers me most about the Fool and this article is that it’s misleading. I do not mind if you don’t like a stock, but if you are going to tempt the reader with a headline like “Does Sirius Deserve Your Love,” how about you actually report on whether the stock does or does not deserve your love. Instead, this appears to be just another opportunity for the Fool to draw in “clicks” and diminish the name brand of the Fool. Sometimes I think the free articles on this site provide exactly what the reader pays for, nothing. I subscribe to the MDP and the MDP provides in-depth analysis, right or wrong. Here, you are provided crap.

  • Report this Comment On September 09, 2009, at 2:17 PM, dvillone1 wrote:

    One other thing. The history of your site and the way you people bash up and coming stocks is actually a harbinger for buying the stock.This is especially since you Fools are way off in left field away from the main stream of buyers targeting the stock for legitimate reasons going forward. Thank you for your reverse psychology. That is all your crap is worth. Otherwise it is unfortunate that you Fools are even allowed to post onto any stock sites. I will be sending the SEC a letter about you idiots in addition to the people who have posted recently.

  • Report this Comment On September 09, 2009, at 2:24 PM, mpdivo wrote:

    Sirius is a gamble - but right now, it's a monopoly and a good product.

    The Fool likes to talk about iphone apps competing with Sirius - they do to a degree, but as we see in NYC with the AT&T network dropping calls, etc - the 3G network is having trouble handling the data load of streaming music.

    I think Sirius fans take issue with the Fool because there are so many variables as to why Sirius might thrive (or fail) that the Fool ignores. The Fool also ignores the business models that iphone apps like AOLradio, etc are based on - how are they going to make money?

    FM radio is so crappy due to government interferance that is the reason Sirius thrives. It still blows my mind that we allow censorship by the government - simply because they own the airwaves. Two things might kill Sirius: the government deciding to end censorship of the airwaves, the cellphone grid catching up with Europe and Japan and being able to stream realtime audio. Even then, Sirius is the only one with a business model to actually make money.

    Anyway - Sirius is the one stock that I've made money on - everything else the fool has recommended has left me in the poor house.

  • Report this Comment On September 09, 2009, at 2:28 PM, trammen0 wrote:

    Look they found another grocery sacker to write a article........

  • Report this Comment On September 09, 2009, at 2:48 PM, dlev62 wrote:

    MF is dopind precisely what they intend to do, discourage share holders and try to manipulate the priice of the stock by either scaring us away or stopping others from investing....

    the stock will go up if people by the stock...

  • Report this Comment On September 09, 2009, at 2:48 PM, eap727 wrote:

    The "frequency" of your posts about Sirius (always negative, but beside the point here) suggests that you "bait" users to visit your site, where you can pander your product. Sirius, being a heavily owned and followed stock/company almost guarantees click thru's. As such, you invite the valid criticism you get, and denigrate whatever value proposition you may offer (if any). I am a subscriber and and member, but not for long. Find another stock to use as bait for your hook and show some uncolored objectivity, please.

  • Report this Comment On September 09, 2009, at 2:51 PM, SIRIDoom wrote:

    NasDq delisting -SIRI will be noncompliant of the NasDq 1.00 rule on September 12. NasDq delisting warning letter will be mailed to SIRI after the close on September 11.

  • Report this Comment On September 09, 2009, at 2:59 PM, dedmunds wrote:

    SIRIDOOM YOU ALWAYS HAvE TO PUT YOUR BULL IN PLACE, YOU MUST HAVE REALLY LOST YOUR a!! ON SIRIS BACK IN THE DAY.. ha ha!!

  • Report this Comment On September 09, 2009, at 3:02 PM, wuff3t wrote:

    What's immediately apparent if you've read even a few TMF articles and the subsequent comments, is how balanced and coherent the articles are in comparison to the posts that follow them. At least the TMF writers try to offer an analysis of SIRI and why they think it might not be a sound investment. If that's how they honestly feel - and remember, TMF advocates a long-term investment horizon - they would be betraying us all were they to water down their conclusions simply to pacify their readers.

    If you all feel so strongly that TMF are wrong and that SIRI is in fact such a sound investment, why not write your own article and submit it to TMF for publication? Give a breakdown of the figures and reasons you think SIRI will overcome the problems TMF authors focus on. Prove TMF wrong with reason rather than hurling insults at them.

  • Report this Comment On September 09, 2009, at 3:08 PM, yahoomania wrote:

    Motley Fool has an obvious ulterior motive in regards to its incessant bashing of Sirius. What is your purpose in posting negative comments, day in and day out? Even in positive articles on other companies, you use SIRI as a negative comparison to the stock you're pushing. Give it a freaking break, will ya?

  • Report this Comment On September 09, 2009, at 3:14 PM, Joemaui wrote:

    Its so easy to manipulate data based on dates...This article has done just that...Here is their same list based on 52 week low which is more telling of the entire mess this market has gone through...here is the accurate order from Rock Bottom to today!

    1. GNW +1364%

    2. SIRI +1249%

    3. LVS +1112%

    4. AIB +837%

    5. DNDN +834%

    6. BCS +780%

    7 BKD +563%

  • Report this Comment On September 09, 2009, at 3:15 PM, mikecart1 wrote:

    If you saw Rick got hated on for posting SIRI everyday, why do you now start?

    It seems like the intelligence of Fool's staff is worse than a dogs. At least a dog learns after awhile. This is 9 months going without letting up.

    Now I wish SIRI did go bankrupt so we can see articles about other stocks that are far more relevant.

  • Report this Comment On September 09, 2009, at 3:18 PM, yahoomania wrote:

    Uuff3t, there job is to disseminate news fairly and objectively. For every one article that they offer a positive spin on SIRI, they offer 10 negative. That is NOT fair, and NOT objective. Their job is to report the news, not hire a dozen pencil pushing losers to offer their "opinions". Anders Bylund is the latest pusher to offer us his opinion. What are his credentials? And more importantly, what are his motives? I see where they came up with the name of the website though, because they are CERTAINLY all fools.

  • Report this Comment On September 09, 2009, at 3:32 PM, MadmanontheMoon wrote:

    hsdhiwpowop2o2o3o32kdjnddnnddn992828sjsndndndndnss,s,,ncncvvwb22288482-edskkdkfjhhzhd38843883838383848ghghbb3vv4v343

    did u get that....u might as well read this garbled mess rather than that garbage above...including the comments.....STOP LISTENING TO WHAT OTHER PEOPLE SAY!!!!

  • Report this Comment On September 09, 2009, at 3:42 PM, JPS007 wrote:

    The problem with MF is they are totally biased and unbalanced. Without exception MF publishes old rehashed generic news whenever Sirius has something positive going for it. ALWAYS!

    Its almost like you have a library of negative articles with daunting titles. You wait for a postivie article to pop up about SIRI, then you pick on of your article to publish just so SIRI news wont have something positive at the top.

    Its a joke. The only reason I click on your articles is to bash you back in the posts. The content of MF articles is laughable.

  • Report this Comment On September 09, 2009, at 3:52 PM, wuff3t wrote:

    yahoomania,

    Of course it's fair and objective to offer mostly negative opinions if that's how you feel about a stock/company. It would be ridiculous to publish an equal amount of positive opinion if you just don't believe it.

    The authors' only duty is to be fair to their readers (and possible investors) - not the stock.

    And JPS007, come on! "The problem with MF is they are totally biased and unbalanced...The only reason I click on your articles is to bash you back in the posts."

    Reading the comments to SIRI articles reminds me of the days when people could pay a penny to wander through Bedlam and laugh at the lunatics. I feel a little guilty, but it's still very funny...

  • Report this Comment On September 09, 2009, at 4:14 PM, plange01 wrote:

    sirius is living entirely from money from a large investor the same goes for etrade and a few others when that money dries up and it soon will these companys will fail fast!!!

  • Report this Comment On September 09, 2009, at 4:14 PM, plange01 wrote:

    pigs get slaughtered...

  • Report this Comment On September 09, 2009, at 4:55 PM, cantbefoolish wrote:

    plange 01, Sirius/Xm makes over $600,000,000 in revenue per quarter. Soon to be $700,000,000.

    That comes from the subscribers, not the "large investor".

    Anders, the reason why you, Dick A$$trhrotle Mindless, and Shannon are not liked, is because people have their hard earned money invested in SIRI, and we all know how you try to talk the stock down every time some positive news comes out.

    The Fools are not going to stop the stock from going back up to where it should be, but you are probably delaying it. So, you're like a pest that won't quit.

  • Report this Comment On September 09, 2009, at 5:00 PM, dividendhound wrote:

    Why are there so many articles written about this stock? Who cares? What is there left to write? Either buy it or don't buy it or short it, and move on. There are countless other stocks that could be discussed in a productive manner.

    Disclosure: don't care about Sirius one way or the other.

  • Report this Comment On September 09, 2009, at 5:17 PM, BigVincent wrote:

    In my high school english class I was taught long ago that it is the impact delivered in the header or title of an article that sums up the story being told. In this case it's always a negative spin off. It isn't just about sirius, it's about 80% of the drivel columns that are written at the motley fool. I think it is the shock value that MF is trying to deliver to atract attention, to get people to read these wild spin off columns.

    In reality the share holder can only interpret the true value of the stock because it's the share holders money on the line. No one but the shareholder themselves will go as far to researching and developing the true value of a company. As inept as a writer for any column could be, unless they have truly put there own cash on the line there probably isn't enough research to collaborate the opinion of those that are biased by a balance sheet without recognizing the true structure of the company. This deviates the full potential of any stock and depreciates it. Balance sheets only reflect on what was without looking to far ahead, and that is the real problem to accepting sirius as a company.

    As far as what is real to tangibility. The company has taken a very aggresive stance in these hard economic times. Quarter to quarter this company has raised its guidance on EBITDA showing that even though it hasn't made it to cash flow positive success it is a company striving for cash flow positive success.

    A company that at least can maintain the juggling act of not only keeping share holders happy, but being able to function after operating expenses and paying it's debt. Shows that this company is well worth over a $1 a share. I feel that S&P's Tuna Amobi feels the same way even though there are conflicted flaws with sirius.

    From my perspective MF always views the glass half empty, while the sirius shareholder views the glass half full.

  • Report this Comment On September 09, 2009, at 5:34 PM, timd209 wrote:

    Maybe if we start posting the following text with our articles, the MF will get the picture. Everyone who agrees with me please copy ans paste the text bellow with all articles MF writes that mention SIRI.

    IF YOU WANT MF TO DISCONTINUE IS UNEDUCATED AND ATTACKS OF SIRI, COPY AND ROPOST THIS TEXT.

  • Report this Comment On September 09, 2009, at 5:37 PM, timd209 wrote:

    Maybe if we start posting the following text with our articles, the MF will get the picture. Everyone who agrees with me please copy ans paste the text bellow with all articles MF writes that mention SIRI.

    IF YOU WANT MF TO DISCONTINUE IS UNEDUCATED AND ATTACKS OF SIRI, COPY AND REPOST THIS TEXT.

  • Report this Comment On September 09, 2009, at 5:57 PM, miteycasey wrote:

    There is such thing as a good idea, but not a money making idea, also there is being there 'ahead of the times'.

    I think Sirius is both of these.

    If it makes it another 5-10 years it might rocket off, but I'm not holding my breath.

    I believe a new and better technology will come around.

  • Report this Comment On September 09, 2009, at 5:59 PM, norrr1 wrote:

    How can you compare SIRI to DNDN. DNDN went from dead, to new life, to a flourishing stk.

    Sure, SIRI is not a DNDN, at least for now. However, given time, good management, and firm support, SIRI will slowly creep back into favor. The process will be slow but at least a slow rise is better than nothing. The best is yet to come.

  • Report this Comment On September 09, 2009, at 6:04 PM, HAP4444 wrote:

    I DROPPED MY MF SUBSCRIPTION TO PAY FOR SIX MONTHS OF SIRI .[ HA-HA, I'M NO LONGER A FOOL]

  • Report this Comment On September 09, 2009, at 6:09 PM, dstnewman wrote:

    Mr Bylund:

    The reason that most Sirians hate the fool (and believe me, the hatred for you is NOT limited to Sirius fans) is because you do absolutely no analysis. You have absolutely no numbers to go off of, and all of you and your Foolish comrades (with the exception of RickMunnariz) don't know CRAP about the stock.

    My name is David "Newman" Phillips, and I write for a blog called http://www.satwaves.com. I challenge you to a battle of FACTS. Feel free to email me at newman@satwaves.com. I will submit my article to you, and you can submit your article to me. We can post this challenge on both sites.

    Tell me why you don't think the future for Sirius is bright using FACTS, rather than suppositions that you list here.

    My colleague called out Rick for a similar battle, but has never gotten a response. Will you step up to the plate for such a challenge?

    I will email this challenge to you as well, so there is no excuse that you will not get it.

    David "Newman" Phillips

    http://www.satwaves.com

    newman@satwaves.com

  • Report this Comment On September 09, 2009, at 6:40 PM, RAF22 wrote:

    The Motley Fool has been consistently wrong on SIRI over the last six months, with repeated articles that begin with negatively slanted titles and content that lacks factual data. Meanwhile, the market has progressively moved to higher levels, leaving Fool advisers and followers in its wake, hoping for the pullbacks that never come. What does that tell you?

    Your credibility is being seriously undermined by your failure to recognize the valid fundamentals that are propelling SIRI's impressive recovery and emerging prospects for substantial gains into the future. Unless your commentary begins to come into line with reality, you risk becoming market roadkill.

  • Report this Comment On September 09, 2009, at 7:03 PM, ybnvsbu wrote:

    If Sirius is such a joke and a loser then how did they get the financing to cover their debt. There is obviously people out there that have faith in the company. people who have tens of millions of dollars to invest do not just throw it away on a whim. I agree that the numbers look bad and the cost of putting sat's in the sky is expensive...today. I remember this same argument back in the 70's when cable was starting out. "It will never last" I believe, was the claim. What if in 5 or 10 years we use the Space Station to build satellites and deploy from there? Will the cost be cheaper? What if Dish or DTV partner up with Sirius? Would the cost of doing business lessen? There are many possibilities here and they are not all negative.

  • Report this Comment On September 09, 2009, at 7:19 PM, mattm09 wrote:

    Hey Anders--Aren't you the tough guy. If you are so sure of your so-called (lame) analysis--then short this stock. I think you are too afraid to short this stock. Hope you are not getting paid for writing these pathetic articles. I have seen 3rd graders with more analytical abilities. Put your money where your big mouth is and show us proof that you have shorted this stock. Just like I thought: You have no faith in your self-described brilliant convictions. Don't quit your day-job.

  • Report this Comment On September 09, 2009, at 7:24 PM, mattm09 wrote:

    By the way: I believe you are trying to manipulate Siri's stock price for your and the Fool's benefit. I am going to file a complaint with the SEC against you and Motley. Too bad for this country that the SEC only prosecutes people/organizations who admit wrongdoing to their relatives and are turned in by the same.

  • Report this Comment On September 09, 2009, at 7:45 PM, mattm09 wrote:

    Here is a copy of what the SEC's response thus far to my complaint that I just filed against you and "The Fool".

    Thank you!

    This response confirms that the Division of Enforcement of the United States Securities and Exchange Commission has received your complaint.

    We are always interested in hearing from members of the public, and you may be assured that the matter you have raised is being given careful consideration in view of the Commission's overall enforcement responsibilities under the federal securities laws. It is, however, the Commission's policy to conduct its inquiries on a confidential basis. The Commission conducts its investigations in this manner to preserve the integrity of its investigative process as well as to protect persons against whom unfounded charges may be made or where the Commission determines that enforcement action is not necessary or appropriate. Subject to the provisions of the Freedom of Information Act, the existence or non-existence of an investigation as well as information which may be gathered thereunder is not disclosed unless made a matter of public record in proceedings brought before the Commission or in the courts.

    Should you have any additional information or questions pertaining to this matter, please feel free to communicate directly with the undersigned at 100 F Street, N.E., Washington, D.C. 20549 or via e-mail at enforcement@sec.gov. We appreciate your interest in the work of the Commission and its Division of Enforcement.

    Very truly yours,

    S/

    John Reed Stark

    Chief, Office of Internet Enforcement

  • Report this Comment On September 09, 2009, at 7:47 PM, mattm09 wrote:

    P.S: I tried to post a copy of my complaint (word for word); however it was lost during the posting process.

  • Report this Comment On September 09, 2009, at 10:01 PM, jacobske wrote:

    Anders,

    I'll ask you the same thing I asked Rick which unfortunately was not responded to. In order to take you guys seriously that are writing for Motley Fool you need to put up some analysis--data versus just commentary. I'm getting very disappointed in your guys ability to critical pro/con analysis backed up with facts. You guys for some unknown reason to me love SIRI commentary without posting any real analysis. That's not a good advertisement for some of the hard analytical work completed by other MF analyst.

    What I told Rick equally applies to you.

    "Rick/Anders,

    When are you going to recommend or what is it going to take for you to recommend SIRI in one of the Motley Fool Stock Advisor, Rule Breaker, Hidden Gem, etc. newsletters?

    Its clear you follow the company. I'd love to see you publish a good analysis of it versus these snipits you publish. If you've already published an analysis of it, please point me to it and I apologize ahead of time for overlooking it.

    I'm in at a .09 cost basis.

    Kip

    RB and GG subscriber

    Long SIRI"

  • Report this Comment On September 10, 2009, at 1:33 AM, spr0949 wrote:

    Hey MF, you need to sell short some more SIRI. Sirius recently paid off 250 mil of the 450 mil Liberty Media loaned them. Liberty Media then turned around and bought a boatload of Sirius preferred stock. Do you seriously (no pun intended) think that John Malone and company will let this company tank? I read somewhere that although the delisting deadline is to be Sept 12, Sirius had been granted an extention till the end of the year.

  • Report this Comment On September 10, 2009, at 1:49 AM, HarryCaraysGhost wrote:

    Long SIRI. can't wait till this gets to $1.50

  • Report this Comment On September 10, 2009, at 2:47 AM, SIRIDoom wrote:

    NasDq delisting and Rev-Split near future for SIRI. I am going to enjoy seeing these hatful children lose. All these hatful comments come from just a few paid SIRI bloggers. SIRI is the most curupted stock in the US market. REV-SPLIT 10 - 50 for 1 share is planed. Hold SIRI and lose...

  • Report this Comment On September 10, 2009, at 2:51 AM, SIRIDoom wrote:

    FIRE SALE

    SIRI will be noncompliant of the NasDq 1.00 rule on September 12.

    NasDq delisting warning letter will be mailed to SIRI after the close on September 11.

    Bad news press release can be expected September 15 - 18

  • Report this Comment On September 10, 2009, at 7:39 AM, king4life wrote:

    So you picked Iridium phones instead of Echostar and DTV. Way too go. How about Sprint?

    Oh wait MF picked Sprint in its yearly selection list I paid for. Better not go there, eh!

    How many subscribers does MF have compared to SIRI? You don't get paid for this do you?

  • Report this Comment On September 10, 2009, at 1:08 PM, Stevo1986 wrote:

    I must say I do recall TMF writing an article before the Merger of XM and Siri - that praised the merger and expected the stock to soar from 3 dollars (what is was way back when...) to 20 or even thirty dollars within just a few years...

    What happened to the optimism here? What changed? I looked for the article for hours but have been unable to find it again...figures. Personnaly I've got to agree with jacobske - I'd like to see some legitimate analysis with legitimate figures - I like hearing opinions from people but I'd like to know why they have that opinion...

  • Report this Comment On September 10, 2009, at 2:57 PM, spr0949 wrote:

    TMF is aways ready to jump at anything negative about Sirius/XM. Any mention of them bringing a new geostationary satellite online? That would be a positive, can't touch that!

  • Report this Comment On September 11, 2009, at 9:01 AM, rjoh107 wrote:

    How To Quickly Remove Motley Fool articles from your Yahoo Headlines 10-Sep-09 08:52 pm

    1. Click the "Filter Headlines" link at the top of the Headline article section of the Yahoo SIRI main quote info page.

    2. Uncheck motley Fool from the main and external headline sections (2 checks)

    3. Click "Finish" at the upper/right of the screen.

    Hasta la vista MFers!! :)

  • Report this Comment On September 12, 2009, at 12:20 AM, HarryCaraysGhost wrote:

    Why don,t the Fools schedule an interveiw on the

    Howard Stern show. I think that would be a very interesting interveiw. If I recall correctly Howard owns quite a bit of shares.

    Long SIRI @ .12

  • Report this Comment On September 12, 2009, at 7:15 AM, wuff3t wrote:

    "It is starting to look like these mf'ers are antagonizing people just to increase the hits on their site. so if you guys realy want to piss them off, just stop clicking on their articles and totaly avoid the site all together..."

    Oh god yes, please do! The average IQ of those commenting on SIRI articles would increase by about 100% if all the insane ranters just followed the advice above.

  • Report this Comment On September 14, 2009, at 8:44 AM, joelfreedman100 wrote:

    I bought XM on an MF recommendation at $38.50 several years ago. About 6 months ago, (when the stock was up from a nickel) I bought more for $.31. It has to go to $2.29 a share before I break even. You were still recommending XM when it was at $38. Now you more or less are bad mouthing it at $.66. It is a bit tiring. How do you rate your Siri-XM forecasting?

  • Report this Comment On September 14, 2009, at 4:26 PM, wordcarr wrote:

    JoeDuggins you write like a pro.You are however, mistaken.Earth radio did not fold, in fact in was the NAB that used it's political clout to stop sat radio from competing with earth stations.The Washington winds have changed as of today. The FCC granted SIRUS XM permission to use earth relay stations for 180 days over the objections of the NAB.The use of relay stations is a major change and could save sat radio.FCC posts are appointed by a seated President, Micheal Powell son of Colin Powell was chairman when sat radio was denied relay stations.Powell had his eye on the gov'ship of Maryland. Campaigns cost money,lobbyist have money, the NAB has lots of money.By the way Powell was force to step down and is working for a law firm.

  • Report this Comment On September 14, 2009, at 10:01 PM, booyahh wrote:

    Numbers please: money talks, bs walks.

  • Report this Comment On September 15, 2009, at 10:46 AM, Broken196 wrote:

    Look. I would compared satellite radio to the VHS DVD transition. It took some time but NOBODY uses VHS anymore. DVD will following the same path and be replaced by either bluray OR digital download services.

    The problem with SIRI is pandora absolutely crushes it and best of all pandora is free and far more accessible.

  • Report this Comment On September 16, 2009, at 11:51 PM, JonnyK77 wrote:

    I don't think TMF has ever been in the business of telling you what you can buy and sell in the short-run to make money.

    I am a buy and hold kind of investor, and SIRI is down 82% from when I bought it, which is why I finally dumped it today, rather than keep hoping it will shoot up again.

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