The debate among investors about the fate of Sirius XM Radio
And so, it is now time for the leadership team to get serious about a reverse stock split. Shareholders have approved it. And when you are competing with the likes of Apple and Google, it's not a good idea to ever have your Nasdaq listing in question. Sirius needs to get serious about a reverse split, and should execute it now. Perception isn't the whole of reality, but it definitely counts. And there's no doubt in my mind that this business is not a penny stock enterprise. It's time to take the cue from AT&T and reverse split the stock.
Fool co-founder Tom Gardner does not own shares of any companies mentioned. Google is a Motley Fool Rule Breakers pick. Apple is a Motley Fool Stock Advisor recommendation. The Fool owns shares of Google. Try any of our Foolish newsletters today, free for 30 days. The Motley Fool has a disclosure policy.