I was thinking about buying some Sirius XM stock. I was just going to buy about $100 worth since it only cost about $.38 a share. Is it worth it or should I just save my $100?
Do you believe that a lot of people are willing to pay to listen to the radio? If so, invest. If not, save your money
I mean a lot of people because of $1 billion in Sirius debt coming due next year. Most investors consider the debt as a big overhang on its stock price.
If you thought it was a good bet at .38 it is even better today at .28 down 10%.
P.S. Your cost to buy 100 shares will be a real hindrance to making a profit.
If you are going to blow your $100 anyway, then investing in anything would be a better choice. IDK much about the company but any company that has a niche market seems to do very well over time. You just have to decide if it’s worth $100 and I’d say it is.
2 Responses
Tom Z
January 21st, 2010 at 4:20 pm
1Do you believe that a lot of people are willing to pay to listen to the radio? If so, invest. If not, save your money
I mean a lot of people because of $1 billion in Sirius debt coming due next year. Most investors consider the debt as a big overhang on its stock price.
If you thought it was a good bet at .38 it is even better today at .28 down 10%.
P.S. Your cost to buy 100 shares will be a real hindrance to making a profit.
lburgguy
January 21st, 2010 at 6:39 pm
2If you are going to blow your $100 anyway, then investing in anything would be a better choice. IDK much about the company but any company that has a niche market seems to do very well over time. You just have to decide if it’s worth $100 and I’d say it is.
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