Should Sirius Deal With XM Die?
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From 247WallSt
According to The New York Post, the research group that helped kill the Echostar (Nasdaq: DISH) deal to merge with DirecTV (NYSE: DTV) has crafted a report for the National Association of Broadcasts. The report gives a number of reasons that the federal government should reject the merger of Sirius (Nasdaq: SIRI) with XM (Nasdaq: XMSR).
The argument at the core of the paper from The Carmel Group is shows that "competition, even in a duopoly, forces improvements in service, choice and pricing" and that "consumers benefit when Sirius and XM compete to do a better job to earn and retain their subscriptions."
Sirius stock hit another 52-week low today at $3.08.
Financial analysts believe that the two companies may need the merger to cut costs. Both firms has loaded with debt and have not made money, at least on a GAAP basis.
Douglas A. McIntyre
For more market insight go to http://www.247wallst.com/
According to The New York Post, the research group that helped kill the Echostar (Nasdaq: DISH) deal to merge with DirecTV (NYSE: DTV) has crafted a report for the National Association of Broadcasts. The report gives a number of reasons that the federal government should reject the merger of Sirius (Nasdaq: SIRI) with XM (Nasdaq: XMSR).
The argument at the core of the paper from The Carmel Group is shows that "competition, even in a duopoly, forces improvements in service, choice and pricing" and that "consumers benefit when Sirius and XM compete to do a better job to earn and retain their subscriptions."
Sirius stock hit another 52-week low today at $3.08.
Financial analysts believe that the two companies may need the merger to cut costs. Both firms has loaded with debt and have not made money, at least on a GAAP basis.
Douglas A. McIntyre
For more market insight go to http://www.247wallst.com/
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