Comments on: Why Sirius Radio (SIRI) Is Doomed

By: Blaine

Blaine — Tue, 06 Jan 2009 09:06:16 +0000

Thanks for the link regarding Audiovox Bob! I've sold all my shares of Audiovox. I think the stock will drop fast after teaming with Sirius, especially if Sirius goes bankrupt and sticks Audiovox with a large unpaid debt.

By: Bob

Bob — Mon, 05 Jan 2009 06:05:32 +0000

Snyder sounds like the emotional one in his article. Apparently Audiovox doesn't share his pessimestic outlook…..

http://www.satellitetoday.com/st/headlines/29486….

There seems to be a lot of journalist trying to make a name for themselves knocking satellite radio these days. And they think the investors are the emotional fruitcakes…..wow.

Making money buying ANY stock requires the ability to ride the highs and lows. It's easy to pick on a stock when it's down. It really hasn't been that long since SIRI was at $4.00 you know. Almost every stock on the Nasdaq is well below what it was being traded for 6 months ago. SIRI is no exception.

By: 007

007 — Sun, 04 Jan 2009 06:32:40 +0000

I used to be a large Sirius / XM holder and sold everything when it was back at $.60, which was a level that I didn't think I'd see. To buy this stock now, with the debt owed and the current management in place is absolutely crazy. People that think they are going to by stock at $.12 and sell it down the road for $100 are very inexperienced and need to stay out of the stock market. Things don't work that way and even if they did get some kind of bailout (which I doubt) it's only going to mean that they are going to owe MORE money that is going to need to be paid back.

And no, I don't work for any free broadcasting agency, I actually have XM today. It's ok, and that I think is part of the problem, is that it's just 'OK'. In economic times like this, people aren't going to spend $12.99 a month on radio when they can get it for free. Couple this with poor management, a monster debt load and no real business plan and you've got a recipe for disaster.

Shareholders need to sell now. Once they file for bankruptcy your shares are truly going to be worthless.

By: Mark

Mark — Sat, 03 Jan 2009 04:46:09 +0000

Dear Mr.Radio, as an employee of Sirius XM, a bailout would be nice but highly unlikely. Satellite radio is obviously not essential to making an automoblile function. Just put yourself in the shoes of the politicians trying to explain to tax payers that their money was used to bail out non-essential businesses related to automobiles. There is only so much money to go around and the suppliers that make the "nice to have" stuff will have to pick themselves up by their boot straps and cut costs the old fashioned way – by pulling together and sacrificing. Are you sure you're not one of my co-workers at Sirius XM that cannot control your spending? There won't be a bailout for Siri stock.

By: Mark

Mark — Sat, 03 Jan 2009 01:17:55 +0000

A well written article. I work for Sirius XM and can relate first hand that our business model is backwards. Spending is frivolous which is apparent from the top down. From the CEO’s poor risk/rewards decisions to employees not restraining on discrectionary costs. We still buy Star Bucks coffee, Redwing, Piston, Lions and Tiger suites (yes all 4), non-value added training classes, extraordinary travel expenses, clothing, furniture and above all we were told our 09 raise and 20% bonus is in tact. Great for us today, but it doesnt make me feel good to have a mind set of spending without regard, coupled with zero effort to conserve cash. All of this during a critical time when the company is debt laden to a point recovery is difficult. I don’t believe our stock will increase until a change at the top precipitates through the company and only then will we see the benifits of the merger. That is of course if there is still enough time.

By: T M

T M — Fri, 02 Jan 2009 08:15:08 +0000

Yawn. Numbers please.

"Sirius is a trap that emotional investors are pushing each other out of the way to fall into. Do not join them. Wall Street is no place for emotions, especially in this market."

Pretty bold statement considering everything you had written before it.

By: Tim

Tim — Fri, 02 Jan 2009 08:03:16 +0000

Then what happens to satellite radio???

By: Mr. Radio

Mr. Radio — Fri, 02 Jan 2009 07:08:00 +0000

Do you work for the NAB (National Association of Broadcasters – Free Static Radio)? Sure why not try and talk people into selling their shares so the company fails. I won't sell my shares if they skyrocket to $100. The radio future is Sirius XM! DON'T SELL YOUR SELLS QUITE YET! The feds are bailing out auto industry linked companies:

http://www.usatoday.com/money/autos/2009-01-01-au...

It's time to buy, buy, buy! If Sirius XM gets a bailout the shares will soar!