Sirius Lovers + Crox Haters…Made My day…AGAIN
- Posted by Howard
- on July 26th, 2007
Last week (there is no need to report on these crap businesses in real time) Sirius and XMSR announced plans for post merger price drops.
As I expected, the title WOULD have been CORRECT if they were talking about price drops for their stocks . Both stocks are down 10 plus percent since the announcement.
They have no chance.
They dont have a growth model and their balance sheets bite. Their mobile solution never worked and iPod’s just won’t be unseated at this point.
The iPhone just made these two companies more irrelevant.
I have warned on these stocks forever and will continue to do so. They need to be liquidated.
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Born in Toronto, lived in Phoenix for 20 years and now in Coronado, CA with a loyal wife (15 years, 14.2 Canadian years), two awesome kids and a dachshund. My current start-up is called Stocktwits and I am a co-founder and CEO. More »
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