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Old 01-02-2007, 06:20 AM   #1
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Default Sirius lost half its stock value in '06.

I knew it was not a good year for either XM or Sirius but I was surprised to read today that they lost half their value last year. 2006 was a pretty good year for stocks in general and to see any high tech companies loose this much in a generally good year makes you question their future. How do you think Sirius will reverse its fortunes? Is there a merger between Sirius and XM in the works? This may help them as this kind of loss can not be sustained by any company for very long.
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Old 01-02-2007, 06:53 AM   #2
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And XM lost 2/3's of the value of theirs.
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Sirius lost half its stock value in '06.
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Old 01-02-2007, 09:39 AM   #3
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As a non-stock buyer (of any kind), does any indications of the future of Sirius or satellite radio in general?
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Old 01-02-2007, 11:52 AM   #4
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It may have lost half, but it's a cheap stock, so it can drop a buck or two and the percentages look awful. The stock price is pretty meaningless right now and will be until they start turning a profit.

P.S. Move this to the Street
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Old 01-02-2007, 12:52 PM   #5
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Quote:
Originally Posted by Casual Fan
It may have lost half, but it's a cheap stock, so it can drop a buck or two and the percentages look awful. The stock price is pretty meaningless right now and will be until they start turning a profit.

P.S. Move this to the Street
You're right. I should have posted this at the STREET - my mistake. In fact, there are discussions about this very thing there now.
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Old 01-02-2007, 01:14 PM   #6
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Quote:
Originally Posted by shortspark
You're right. I should have posted this at the STREET - my mistake. In fact, there are discussions about this very thing there now.
You didn't say or do anything wrong. In fact, Siri lost MORE than 1/2.

Here's hoping it doesn't lose another 1/2 in 2007 !

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