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Monday, November 29, 2004

I will not buy SIRIUS

I am sick and tired of hearing about Sirius Satellite Radio (Symbol: SIRI). Personally I think the stock sucks for the near term.

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?


You MUST consider the market cap.

Sirius – 8.4 Billion

XM – 7.6 Billion

AND…XM has twice the subscribers! Who is undervalued now?


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