Friday, August 12, 2011

12/19/2008 - Anyone think Sirius XM Radio stock selling $0.14 share is a good buy?

Yes, without crunching the balance sheet. One of the pressures on the stock price is negative sales growth in auto sector. Another auto company ripple bankruptcy. I'd buy it at $0.14, just because of it's market dominance. The earnings picture is unclear, indeed unpredictable, but over the long term I believe it will survive.

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