Maggs
Premium
join:2002-11-29
Woodside, NY
clubs:
 ·RCN CABLE
| Sirius
Mel K. led regular radio, Infinity Broadcasting to the top of the charts, and he'll do it with satelite radio, the only problem is the 2 companies are bleeding cash, negative profit margins of 135%+. They can't go on bleeding cash forever, since the credit facilities they use to finance will end up getting uber expensive since the banks don't like risk where they are not the ones cheating. Take for instance, the subprime mortgage mess, the banks knew homeowners were morons and couldn't play, as my prof in class put it those were NINJA loans for a reason (No Income, No Job Arrangement). I really think homeowners should get their ass handed to them for the subprime mortgage mess, hand someone a real piece of reality, and they maybe they'll be a little more responsible next time.
Sirius is an amazing sat radio service, I love the music selection, if I get bored, I just switch channels. In the interest of full disclosure, I hold a significant position in Sirius stock, and I'm going to stick with it. They have good fundamentals, and a solid business plan, just the fact that breaking in a new industry is really hard. Remember when cable didn't have commericals in the beginning.
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This is good music...UPC 640424 999988 |
