Sirius and XM radio was the golden child for a while a few years ago. An 18 month delay in the Government giving their blessing to a merger between the two caused the stock to plummet, it was one of the longest waits in history for this sanction to be given. That makes one wonder, just what was going on behind the scenes there. Who was the hold up. Essentially, it was one person on the judicatory board. Something, seemed very strange there. This delay nearly killed the company in this new area.
But the strength of their technology, and the love some people have for this format, has not only kept them afloat, but they are making a comeback, regardless of any attempts to keep them down. There is also the possibility that they will branch out into other technologies in before unforeseen areas, leading to them being a market leader, or the only market leader in an area perhaps not yet understood or realized. Keep your eyes open.
This stock, went from over $5 a share to last year's nineteen cents a share. It is just now at $1.18 a share.
"SIRI ended second quarter 2010 with a record-high 19,527,448 subscribers, an increase of more than 1.1 million subscribers compared to the end of second quarter 2009. Net subscriber additions of 583,249 in the second quarter of 2010 improved significantly from a net loss of 185,999 subscribers in the second quarter of 2009."
To read the entire report visit: www.microstockprofit.com/lp/SIRI