+ Watch SIRI
on My Watchlist
A leading provider of satellite radio, Sirius XM Radio broadcasts channels ranging from Springsteen to Pavarotti, from Disney to Stern, from Nascar to Oprah.
It seems like a lot of people giving this the red thumb don't like it for it's customer service. Unfortunately, they are reacting to emotions and not evaluating the company overall. SIRI is making good money now, reducing long term debt. Increasing revenue. Soon they will switch over to stock buy backs and/or a initiate a dividend. I am confident this stock will hit $3 in the next 2 years. That's a 33% return from current price at 2.25. Sidenote, no one on the planet has worse costumer service than TWC. That's not a good enough reason to say it's going to underperform the market.
On the charts this looks like it has finally bottomed out, but the lack of insider buying of a stock this inexpensive is a bad sign. If it had really hit bottom they would not be sitting on their hands.
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