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Technology Stocks : XM Satellite Radio Holdings Inc. (XMSR)
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To: pcstel who wrote (2665)7/7/2006 7:33:45 PM
From: i-node  Read Replies (1) of 3386
 
>> I kept telling you these POS equities were "Popsicle Stands".

Yes, you did, and the term means nothing.

This has nothing to do with your claims. What it has to do with is whether the market for the product turns out to be as big as many of us expected. I still think it is. But if there only turn out to 20M or 30M subscribers for the industry, it is not enough to make it pay.

I could care less about CFBE. A business can "cash flow" from now on, but if it isn't turning a GAAP profit it is not sustainable. Period.

XM's fully diluted sharecount has not increased substantially from the day of its refinancing -- it stands today at well under 350M shares, and provided the customers show up, that will be adequate.

I do not know, at this point, whether there is sufficient demand for the product to sustain the industry. That has little to do with your popsicle stand argument.
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