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02/02/11 4:44 PM

#20863 RE: eastunder #20862

A Fiery New Competitor
By Dan Dzombak | More Articles
February 2, 2011 | Comments (1)

Some businesses go for years without being significantly challenged by a competitor. In some cases, it's because their niche is so small that it is not worth other companies' time. Hopefully, though, it's because the company has a moat, competitive advantages so strong that new entrants think twice before challenging the business.

A great example is Sirius XM (Nasdaq: SIRI) with its 20 million subscribers, installed receiver base, and satellite fleet. It would cost a fortune and involve many large risks for anyone to really challenge Sirius XM on the national level