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Wednesday, July 30, 2008 5:45:56 AM
http://siriusbuzz.com/sirius-xm-radio-investors-singing-blues.php#more-1983
This is an interesting buy at these levels. I think there is some more chaos yet to blow off, and maybe still a bit of downside pressure. There was an absolute war in the 1.50-1.60 area on Tuesday.
In the long run though I think there is a much better chance of this being higher in the future than lower. They can consolidate their hardware, consolidate their on air talent, and focus on growing the subscriber base.
Should be interesting.
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