Ok I have been a small investor in Xm and Sirius from way back. A few years back the stock was all over the board, and I got lucky bought low sold high. Made a few thousand dollars in less then a month and thought this is easy. Now I will be the first to admit I know very little about investing in stocks. Took a crash course in reading about stocks, and opened my Amertade account, and off I went. Now I feel a little like Mac Grubber on Saturday Night live.
Now I'am getting to my question. What is the real problem with this stock??? I have used the product. I find it usefull. I find it afforable. I see it as a strong product both in rural and large cities. In the present format I don't see a product that may or has the ability to knock this off or make it obsolete anytime soon. So from my prospective as a comsumer it has alot going for it.
Now from a invester view I'am a little I guess Illitate on why this stock sucks. The Sirius / XM merger had to reduce overhead. It seems the company is on the right track with subscribership all the numbers seem strong. I know the company has not made money EVER, but is moving in the right direction The CEO has shown strong understanding in the past on growing companies and seems very capable. I am about to reinvest 10K as I think this is a bargin at the present price and I think the stock market is about to turn soon. Am I not seeing this correctly