Wednesday, March 30, 2005

Forbes.com: Study Shows Sirius Has Brand Awareness Lead Over XM

Forbes.com: Study Shows Sirius Has Brand Awareness Lead Over XM

When SIRI ran to the $7 to $9 range, there was too much excitement for the sector and I encourage the sell of the shares. SIRI and XMSR each traded down in the following months. Each firms stock has built a base price again. To my knowledge, none of my friends or family have purchased shares again but the shares are less risky now. As the linked article in Forbes reports, 40 million Americans are likely to subscribe.

On the other hand, SIRI has raised additional capital through convertible securities which indicates the near term upside is limited. Only patient investors should consider these shares at the current time. Other stocks will likely out-perform; can we figure out which ones?

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