What does a guy have to do??
Mel Karazin paid those oh so wonderful top bracket tax rates on most of the 18M that he has been paid by SIRI. His stock purchases are made with after tax dollars. He is in for WAY more than 3 million of his own money after effectively working for free since he joined. My guess is that he will do more buying before the storm passes. As shareholders we are actually very lucky that he is in charge... he knows radio better than any man alive and he actually has the money, balls, and connections that will be needed to realize the potential that he is marching twords. Most of us here are just like Mel in the fact that we are down. He hates this situation more than we do and he will get the company past the fear and dread that has soaked thru our economy. Making Sirius/XM a profitable household name is probably the last big challenge he will work on in his career, and my money says that he makes it work. If we are patient and work on our pain tolerence, most of us will make out well. I am still buying shares as we drop, and I still sleep at night. Great product with tons of untapped potential, just getting to break even... just the kind of story that will get hot again after the market gets done with the current panic attack. Any stock that can dive like this can also soar in short order. Times always change.