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SIRI went down %40 in a week as of 8-1-08 ,, is it the merger, the decline in auto sales or the economy

I've seen previous Tickerhound answers say its a "buy" ,, but does it have more down-side ,, or should I "buy" and go for the ride

Best Answer

rvilmur answered a question in General Market.
989 points

rvilmur answered one year ago …

1 loser plus another loser equals another loser. In a recession, when people are looking to cut their costs, the satellite radio companies are a prime candidate for termination. With fewer customers to spread their costs over, I doubt that the combined company will ever be profitable either. Advertising will have to sneak in to gain revenue and further reduce customer incentive to keep the service.

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Answers

Engimuneer answered a question in General Market.
123 points

Engimuneer answered one year ago …

I'm personally long on them, best recommendation I can give is buy on the dips & hold on for a while. Or, wait until they start to turn profitable.

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