Well, i dont believe in what they are doing long-term.
In that case, I see why you're shorting it.
i think ultimately a company that provides telephone, satellite, radio, and internet all in one is the winner. and there are companies that do that that have much better valuations than xm pig.
Obviously, you don't understand the business. There is no connection between satellite radio and internet services -- or telephone; none, whatsoever, and there isn't likely to be. Totally different lines of work, zero relationship and no real prospects for that to change in the forseeable future. IP is not now, nor is it likely to ever be, a sensible way to broadcast audio.
The real point you're missing, however, is evident in the strong demand. It doesn't matter who does what, what matters is who has the subscribers paying for it and that's XM and nobody else. |
