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Technology Stocks : Sirius Satellite Radio (SIRI)
SIRI 20.32+1.3%3:59 PM EST
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To: i-node who wrote (771)1/4/2004 8:45:24 PM
From: billcasto  Read Replies (1) of 8420
 
I am with you David. SIRI does not have fundamentals. They have a management that can't get out of its own way. When XMSR was working with Delphi to get out a system that would receive their signal, the management at SIRI was sitting on their hands. SIRI also issued stock at will to raise cash and I feel without a doubt they will issue more. XMSR says they will not dilute the float that is already out there. They say they will be cash flow positive by the end of 2004.

Never-the-less SIRI is a good trading stock. You can make some money if you are careful and play you cards right.
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