Sirius has some serious financial problems. Just wait....
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Sirius financial figures are in deep doo-doo!!!
Trailing PE -8.48
Forward PE -8.76
[That's right, both PE's are NEGATIVE!]
Take a look at the company's financials, if you really want to get scared. Their liabilities far outweigh their assets. They have a NEGATIVE cash flow, which is getting worse [$616.7 million in 2004, $219 million in 2003]. Earnings were -$0.57/share in 2004 and -$0.38/share in 2003. Although this is an improvement of a whopping -$6.34/share in 2002. Hasn't turned a profit in 4 years. [Can anyone say "Dot Com Bubble?] Too much of a crap shoot in my book!
Chadnliz, fine. Go out and buy an expensive Sirius reference tuner. And in a year, it may be about as valuable as an 8-track tape player! Do you remember Iridium satellite telephone service? Apparently, you have no understanding about product introduction, financing, and marketing needed to make it a viable consumer success. I was replying to Audioparts as well as your statement:
Sirius isn't going anywhere.
Hey, they'd love a mark like you in Las Vegas!