Sirius to tank hard if no bailout
If the government doesn't bail out the auto makers, Sirius stock will absolutely take a bath. Hopefully most of you already know this.
The stock will likely go into the single digits... it will rebound and play in the teens for a while, but it certainly won't be pretty. Analysts will downgrade like no tomorrow and we will all lose a lot of money.
(Even if the auto bankruptcies don't effect Sirius too much, since the auto makers will still likely make cars, the stock will still drop)
I for one am totally against a bailout, and would rather see GM and Chrysler gone (Ford will remain, since it is in better condition). However, the self preservation part of me still wants the bailout, just so that my Sirius stock can go up a bit.