Wise to invest in Sirius XM Radio ?

[99vwbeetle]

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?

[enthusiastic]

they have a money and investment forum here

[subwoffers]

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

[dell111]

^ 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.

[classicjetta]

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.

[slvrathlon]

At what, .28 per share... couldn't hurt right?

[SteveMKIIDub]

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???

[SteveMKIIDub]

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.

[Mister MK4]

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.

[Seni0rl0c0]

I think they will be de-listed soon because they are under a dollar.

[g60roddo]

I also had a ticket on the the SIRI pain train, $4.20 -->$3.63

[Dubbed Out]

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.

[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.

[tbvvw]

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.

[packthis]

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

[g60roddo]

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.

[a_riot]

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...

[packthis]

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.

[tbvvw]

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.

[LeChefJosh]

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!

[Mister MK4]

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.

[JPX]

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.

[nemesis099]

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.

[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.

[Dubbed Out]

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

[peecee]

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.

[Jimmy Bionic]

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.

[VW1.8Tsunami]

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.

[Dubbed Out]

Yeah, I know at our stores we use XM and Sirius but we get them for free since we sell them.

[Juiced6]

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