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A leading provider of satellite radio, Sirius XM Radio broadcasts channels ranging from Springsteen to Pavarotti, from Disney to Stern, from Nascar to Oprah.
What a ride this stock has seen it's IPO close of August 3, 1994 of $4.125 and it's highest peak on January 31, 2000 of $61. Wikipedia says, 'On February 19, 2007, Sirius Satellite Radio and XM Satellite Radio announced a merger that would combine the two radio services and create a single satellite radio network in the United States. The merger brought the combined companies a total of more than 18.5 million subscribers based on current subscriber numbers on the date of merging.It's bottom was reached:Date Open High Low Close Volume Change % 02/11/2009 0.08 0.09 0.05 0.06 279,335,310 -51.71% decline for that day.Since the bottom Sirius XM Radio has consistently been moving higher. Of course it helps to have a monopoly combined with good management to help turn things around. What will happen with CEO, Mel Karmazin is anybodys guess at this point. But in my opinion with the growth that this company has been experiencing this is a long term buy play and not for the feint of heart.
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