5 Reasons Why Sirius XM Is at $0.43

by Bob Hamilton on 10/14/2008, 11:08 AM

Tags: xm , sirius

 

Things aren't pretty in satellite radio.

Even as Sirius XM Radio (Nasdaq: SIRI) continues to gain subscribers and point to merger-related synergies, it's a hard sell on Wall Street. The company's stock begins the new trading week at $0.43 a share.

If there is any irony in the stock's erosion, it's that the bulls get more animated as the stock drops. Wait a few hours and you'll see the comment box below this article fill up with comments of readers incensed that The Motley Fool would dare bash their precious stock.(read entire article here)