24/7 Wall St.
04-11-2008, 10:11 AM
24/7 Wall St. Daily News
Sirius (NASDAQ: SIRI) hit a new 52-week low today at $2.45. While The Justice Department gave its plan to merge with XM Satellite (NASDAQ: XMSR) an OK, there has been no news from the FCC. Some powerful members of Congress are still concerned the combination will create a monopoly. Sirius has even deeper problems. The company has over $1 billion in debt on its balance sheet. In an environment were risky debt is poison, investors are clearly concerned about whether Sirius can survive in its present form, especially if a shrinking economy cuts into subscriber growth and widens the firm's...http://feeds.feedburner.com/~f/typepad/RyNm?i=Od4SxYG</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=Od4SxYG) http://feeds.feedburner.com/~f/typepad/RyNm?i=Trnqc9G</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=Trnqc9G) http://feeds.feedburner.com/~f/typepad/RyNm?i=9mvxz1g</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=9mvxz1g)
complete story here... (http://www.247wallst.com/2008/04/sirius-siri-hit.html)
Sirius (NASDAQ: SIRI) hit a new 52-week low today at $2.45. While The Justice Department gave its plan to merge with XM Satellite (NASDAQ: XMSR) an OK, there has been no news from the FCC. Some powerful members of Congress are still concerned the combination will create a monopoly. Sirius has even deeper problems. The company has over $1 billion in debt on its balance sheet. In an environment were risky debt is poison, investors are clearly concerned about whether Sirius can survive in its present form, especially if a shrinking economy cuts into subscriber growth and widens the firm's...http://feeds.feedburner.com/~f/typepad/RyNm?i=Od4SxYG</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=Od4SxYG) http://feeds.feedburner.com/~f/typepad/RyNm?i=Trnqc9G</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=Trnqc9G) http://feeds.feedburner.com/~f/typepad/RyNm?i=9mvxz1g</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=9mvxz1g)
complete story here... (http://www.247wallst.com/2008/04/sirius-siri-hit.html)