A Takeover Of Sirius (SIRI): Buying What No One Wants
Tweet
Share
E-mail
Get Alerts SIRI Hot Sheet
Join SI Premium – FREE
From 247wallst.com
It is hard to understand why anyone would want to buy Sirius XM (Nasdaq: SIRI). All it has left is Howard Stern and he will probably leave soon enough.
Sales at Sirius are being hurt by the downturn in the car market. The satellite radio firm had an operating loss of $4.8 billion in the September quarter due to write-downs. Without the accounting action, the company would still have lost about $50 million. Revenue and subscriber growth are both slowing. SIRI also has a lot of debt due this year.
All of that makes Sirius a queer takeover candidate.
Continue Reading at 247wallst.com >>>>
Other Stocks:
EchoStar (Nasdaq: DISH)
It is hard to understand why anyone would want to buy Sirius XM (Nasdaq: SIRI). All it has left is Howard Stern and he will probably leave soon enough.
Sales at Sirius are being hurt by the downturn in the car market. The satellite radio firm had an operating loss of $4.8 billion in the September quarter due to write-downs. Without the accounting action, the company would still have lost about $50 million. Revenue and subscriber growth are both slowing. SIRI also has a lot of debt due this year.
All of that makes Sirius a queer takeover candidate.
Continue Reading at 247wallst.com >>>>
Other Stocks:
EchoStar (Nasdaq: DISH)
You May Also Be Interested In
Create E-mail Alert Related Categories
Contributors, Insiders' BlogRelated Entities
UBSSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
