I will not buy SIRIUS
Many who have emailed me are operating on the premise that Sirius stock is at 6.65, and XM Satellite Radio (Symbol: XMSR) is 37.17. Well then, Sirius must be undervalued…Right?
NO…NO…NO…
You MUST consider the market cap.
Sirius – 8.4 Billion
XM – 7.6 Billion
AND…XM has twice the subscribers! Who is undervalued now?