Username or Email Address
Do you already have an account?
Forgot your password?
  • Log in or Sign up

    VWVortex


    Results 1 to 30 of 30

    Thread: Wise to invest in Sirius XM Radio ?

    1. 10-24-2008 02:04 AM #1
      The shares are at a quarter a pop currently. From about $5 two years ago.

      Seems they offered more shares to pay off some of their debt plus they are still like $1 billion in debt.

      So who thinks they will down the drain?


    2. Member enthusiastic's Avatar
      Join Date
      Jan 19th, 2006
      Posts
      752
      Vehicles
      87w124 03vr6 90 miata/90 miata
      10-24-2008 02:20 AM #2
      they have a money and investment forum here

    3. 10-24-2008 02:33 AM #3
      My friend has it free with his new truck, only been used for about 10mins. When you have 200 songs on a single Mp3 cd full of your fav music, XM is usless.

      Whoops, thought you wanted to know to buy XM for your car or not. My bad


    4. 10-24-2008 03:19 AM #4
      ^ thats not true. XM has pretty much every type of music I can think of plus more. Its nice hearing songs you have never heard before or stuff that you have not heard in long time. They have some cool shows as well. The talk radio is good to as well as the sports.

    5. Member classicjetta's Avatar
      Join Date
      Aug 23rd, 2005
      Location
      Columbus, Ohio
      Posts
      9,577
      Vehicles
      2006 Volkswagen Jetta 2004 Ford Escape
      10-24-2008 07:54 AM #5
      Haha, I just bought 80 shares of it yesterday. Either I lose all $25 I put in or the stock goes up to $50 a share and I make $4000. Or somewhere in between.

    6. 10-24-2008 11:21 AM #6
      At what, .28 per share... couldn't hurt right?

    7. Member SteveMKIIDub's Avatar
      Join Date
      Nov 6th, 2003
      Posts
      12,987
      Vehicles
      2013 Toyota Corolla, 2010 Toyota Corolla.
      10-24-2008 12:14 PM #7
      Don't forget the fee you might incur just to buy.. in my case, $25.

      I guess it could be worth it for a laugh or two. How does it work, are the shares for both XM and SIRI now???

      "I don’t want the company to be driven by numbers. I want it to be driven by making better cars and contributing to society. That will turn into profit, which we can use to develop better cars. That should be the cycle, and that will, as a result, build a company with a strong foundation."
      -Akio Toyoda

    8. Member SteveMKIIDub's Avatar
      Join Date
      Nov 6th, 2003
      Posts
      12,987
      Vehicles
      2013 Toyota Corolla, 2010 Toyota Corolla.
      10-24-2008 12:30 PM #8
      Also, 09 car sales could be in the dumps and that will also hurt these companies.

      But hey, I can get like 350 shares for $100 bucks. Is it worth it? Probably not.

      "I don’t want the company to be driven by numbers. I want it to be driven by making better cars and contributing to society. That will turn into profit, which we can use to develop better cars. That should be the cycle, and that will, as a result, build a company with a strong foundation."
      -Akio Toyoda

    9. Member
      Join Date
      Sep 3rd, 2000
      Location
      California
      Posts
      2,674
      Vehicles
      318is, Scrambler, Dajiban
      10-24-2008 12:47 PM #9
      IMO SIRI/XM would be a horrible buy right now. Unprofitable + hard to get credit = bankrupt.

      I rode them from $4/share to $3. Glad I sold when I did.


    10. 10-24-2008 12:51 PM #10
      I think they will be de-listed soon because they are under a dollar.

    11. 10-24-2008 06:46 PM #11
      I also had a ticket on the the SIRI pain train, $4.20 -->$3.63

    12. Member
      Join Date
      Nov 19th, 2005
      Location
      Atlanta, GA
      Posts
      1,545
      Vehicles
      06 Jetta, 01 GTi
      10-25-2008 09:47 AM #12
      I bought them on the first IPO and made a good chunk. I bought again at around $.70 then sold at $.40 I don't think they will be doing to well for a long while but still watching just in case.

    13. 10-25-2008 04:23 PM #13
      XM is a dead, it's silly to think people in mass are going to pay for the privilege to listen to music in their car. The MP3 player renders the final nail in XM's coffin. My new headunit plays USB drives a SD cards so I don't even need to plug anything in expensive.

    14. Member
      Join Date
      Jun 19th, 2002
      Location
      CLT NC
      Posts
      5,693
      Vehicles
      A3 Pilot S2K
      10-26-2008 12:24 PM #14
      Quote, originally posted by packthis »
      XM is a dead, it's silly to think people in mass are going to pay for the privilege to listen to music in their car. The MP3 player renders the final nail in XM's coffin. My new headunit plays USB drives a SD cards so I don't even need to plug anything in expensive.

      Sorry but your mp3 player does not provide 200 stations of news, talk radio, sports or even music. In your scenario, you still need to buy SD cards and still need to buy/steal music. And it's not just in the car. I listen to sirius in the car, on my home A/V system and on the computer at work.


    15. 10-26-2008 04:37 PM #15
      Quote, originally posted by tbvvw »

      Sorry but your mp3 player does not provide 200 stations of news, talk radio, sports or even music. In your scenario, you still need to buy SD cards and still need to buy/steal music. And it's not just in the car. I listen to sirius in the car, on my home A/V system and on the computer at work.

      My FM tuner works just fine and I have no need for 200 channels.


      I heard that NASA has been contracted to repo the Sirius satellite next week. It's going to be reconverted to beam adult movies from the San Fernando Valley to Dubai


    16. 10-26-2008 06:15 PM #16
      I dont have it but definitely would if I had a longer commute and/or a window office at work. the same old MP3's get.. old.

    17. 10-26-2008 06:53 PM #17
      Quote, originally posted by packthis »
      XM is a dead, it's silly to think people in mass are going to pay for the privilege to listen to music in their car.

      So I guess the entire car stereo business is headed for the toilet. What a newb...


    18. 10-26-2008 07:56 PM #18
      Quote, originally posted by a_riot »

      So I guess the entire car stereo business is headed for the toilet. What a newb...

      Did I say that

      The whole car stereo business is not dependent on XM's survival.


    19. Member
      Join Date
      Jun 19th, 2002
      Location
      CLT NC
      Posts
      5,693
      Vehicles
      A3 Pilot S2K
      10-26-2008 08:22 PM #19
      Quote, originally posted by packthis »

      My FM tuner works just fine and I have no need for 200 channels.

      I don't either...but the music on the dozen+ sirius/xm stations I listen to are 500X better than any FM stations I've ever listened to. I've had sirius in my car for 4 yrs and have used the cd/ipod adaptor maybe 20 times, and I have over 500 cd's.


    20. 10-29-2008 03:15 PM #20
      I invested in SIRI recently, I think they'll pull through.

      I did cancel my subscription, though. It's not worth $13 a month to me, but I sure hope it is to 20+ million other people!


    21. Member
      Join Date
      Sep 3rd, 2000
      Location
      California
      Posts
      2,674
      Vehicles
      318is, Scrambler, Dajiban
      10-29-2008 03:36 PM #21
      Quote, originally posted by LeChefJosh »
      It's not worth $13 a month to me, but I sure hope it is to 20+ million other people!

      It already is, and they're still $1B in debt.

      I like the service (I'm a subscriber), but not the stock.


    22. Member JPX's Avatar
      Join Date
      Nov 6th, 2005
      Location
      San Jose,CA
      Posts
      2,347
      Vehicles
      1989 Cabriolet
      10-30-2008 12:38 AM #22
      Quote, originally posted by g60roddo »
      I also had a ticket on the the SIRI pain train, $4.20 -->$3.63

      Pffft....$4.80--->$0.25 in SIRI here.

      XM was kind of cool to have on my 2004 Suburban, but just another monthly bill on top of all the others. When I started driving the Cabriolet (tape deck), I didn't drive the Suburban enough to justify the subscription.

      Some commutes in the Cabriolet do suck when EVERY station has yabberin' or commercials going on all morning with very little actual music.


    23. Member nemesis099's Avatar
      Join Date
      Mar 16th, 2002
      Location
      Baltimore
      Posts
      5,727
      Vehicles
      2005 Nissan Xterra
      10-30-2008 09:35 AM #23
      Quote, originally posted by JPX »

      XM was kind of cool to have on my 2004 Suburban, but just another monthly bill on top of all the others. When I started driving the Cabriolet (tape deck), I didn't drive the Suburban enough to justify the subscription.

      Some commutes in the Cabriolet do suck when EVERY station has yabberin' or commercials going on all morning with very little actual music.

      I didn't want to have a monthly payment either so I paid the $500 for lifetime service. It has already paid for itself and now I can get the discounted price if I want another receiver. It has been well worth it for me as for a while my area had not alternative station. The only time I hear commercials is when I take my wifes car.


    24. Senior Member beng's Avatar
      Join Date
      May 13th, 2002
      Location
      NutVegas, NJ
      Posts
      30,053
      Vehicles
      Family Truckster
      10-30-2008 09:53 AM #24
      Pay radio is a bad place to be in a recession if you ask me.

      Free content is available...
      their "contract" business isnt as big as their month to month subs (last I checked).

      I'd think pay radio content is one of the first things Ill cancel if Im pressed for cash.

      1 3 4 5 7 8 8 9 10 15 16 23 32 37 42 44 49

      "I don't know half of you half as well as I should like; and I like less than half of you half as well as you deserve"

    25. Member
      Join Date
      Nov 19th, 2005
      Location
      Atlanta, GA
      Posts
      1,545
      Vehicles
      06 Jetta, 01 GTi
      10-30-2008 09:57 AM #25
      I never bought into the idea of paying a monthly fee but recently got one for free and it's awesome to be able to listen to CNBC and Fox News all day.

      I think it would benefit truckers, real estate agents, and others who travel a lot for family or business.

      With free trails coming in newer cars I think they will be able to get more people addicted to it. But since car sales are down so much it may be a while before SIRI really sees some progress.

      I'm in mobile install and have seen the sales of receivers and installs go up a lot. Seems to always make a great Xmas present.



      Modified by Dubbed Out at 9:58 AM 10-30-2008


    26. Member peecee's Avatar
      Join Date
      Sep 28th, 2005
      Location
      Davidsonville, MD
      Posts
      5,935
      10-30-2008 11:14 AM #26
      Quote, originally posted by beng »
      Pay radio is a bad place to be in a recession if you ask me.

      Free content is available...
      their "contract" business isnt as big as their month to month subs (last I checked).

      I'd think pay radio content is one of the first things Ill cancel if Im pressed for cash.

      XM Sirius needs to move to a business model to compete with Muzak. Right now the personal entertainment market has absolutely dried up. Companies will always need music in their retail stores. Although turning on a local radio station is usually just as effective.


    27. Member Jimmy Bionic's Avatar
      Join Date
      Sep 3rd, 2002
      Location
      Albany, NY
      Posts
      5,486
      Vehicles
      2007 Toyota Corolla
      10-30-2008 11:45 AM #27
      I think the business is viable, but from a stock point of view too risky. It will take a few years for both to be fully integrated and costs shared (and lowered). Right now they lose money technically. I believe that Stern is really the only one that is keeping the company (and now companies) afloat. Without him Sirius would certainly be done and XM probably would be in big trouble.

    28. Member VW1.8Tsunami's Avatar
      Join Date
      Mar 7th, 2007
      Location
      Atlanta, GA
      Posts
      8,951
      Vehicles
      2011 Ram 1500, 2003 Stratus SXT
      10-30-2008 11:52 AM #28
      I'm not sure about XM's future, but Iv'e been reading about the future of personal music and its seems like that is going away from mp3 and toward satellite usage.

      I was reading about how they see the industry chaning to where the user pays a 15/month fee but can access any song/any time wirelessly from an online database. I believe the term they used was 'cloud'. So IF XM follows this, they could potetnially be sucessful b/c they already have the resources to pull it off.

      FWIW, apple does not plan to go to this 'cloud' technology...yet.

      Previously Owned: 2010 Kia Forte, 2010 JK Wrangler, 2007 Passat, 2003 Jetta, 2002 Jetta, 1992 Sentra, 1998 Dakota, 1990 Ford Ranger

    29. Member
      Join Date
      Nov 19th, 2005
      Location
      Atlanta, GA
      Posts
      1,545
      Vehicles
      06 Jetta, 01 GTi
      10-30-2008 12:11 PM #29
      Yeah, I know at our stores we use XM and Sirius but we get them for free since we sell them.

    30. 11-02-2008 11:41 AM #30
      i enjoy sirius in fact i put it in the wife's car as well

      when we take road trips you never have to mess with stereo if you have a channel you like

      not to mention news and football games from all over


      it really is a great product for me but i think im in the minority

      Boiler Up!

      Make it three yards mother****er and we'll have an automobile race

    Posting Permissions

    • You may not post new threads
    • You may not post replies
    • You may not post attachments
    • You may not edit your posts
    •