Thursday, March 25, 2010
Will the stock price go over a dollar? It really seems to depend on whether Howard Stern agrees to his contract renewal; otherwise, it may be the first indication that Sirius is not long for this world. "Analysts are conflicted about their views on Sirius XM(SIRI), with some skeptical about the company's soundness as a stock investment -- and others wholeheartedly confident of its financial strength." It seems the power rests with Howard Stern to keep this ship righted, If Howard goes back to terestrial radio, then I would suspect that consumers would follow and Sirius would start to see tons of defections from its subscription service. Stay tuned.
Posted by Andy Hunn