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Thread: Sirius to tank hard if no bailout

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  1. #1
    Mario is offline
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    Joined: Aug 2007 Posts: 39

    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.

  2. #2
    winagain35 is offline
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    Joined: Jun 2008 Location: Denver, CO Posts: 190
    Um... It would seem to appear that we already ARE tanking.

  3. #3
    Siriusowner is offline
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    Joined: Nov 2008 Location: The Oil Patch, Texas Posts: 922
    Quote Originally Posted by winagain35 View Post
    Um... It would seem to appear that we already ARE tanking.
    Really ? NEWS for you guys: The stock has been tanking since last year.

  4. #4
    Siriusowner is offline
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    Quote Originally Posted by Siriusowner View Post
    Really ? NEWS for you guys: The stock has been tanking since last year.
    Actually since 2006.

  5. #5
    winagain35 is offline
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    Quote Originally Posted by Siriusowner View Post
    Really ? NEWS for you guys: The stock has been tanking since last year.
    That was kind of my point. The fact is, the street seems to assume that Satrad is already dead.

  6. Ad Fairy Senior Member

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