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Bonds Are a 'Safe' Investment: A Big Lie Gets Even BiggerA Mr. Barry Peters wrote, what to me was the funniest comment of the week on bloggingstocks.com, "Give people something unique, not another celebrity (whom they can't see; the Pamela Anderson deal on Sirius rates amongst the stupidest things that any company has ever done in the entertainment industry!!! $5 million dollars pissed down the toilet."
I'm still laughing. Barry thank you for taking the time to comment. This week Peter Cohan, Doug McIntire, and I all wrote about the limited potential of Sirius Satellite Radio Inc. (NASDAQ:SIRI) / XM Satellite Radio Holdings Inc. (NASDAQ:XMSR) to succeed from an investment perpsective, regardless of the mergers ultimate outcome or whether subscribers enjoyed the service. Barry supported our positions in great detail outlining the wonderful benefits of Sat-Rad if you live in remote places or are traveling cross-country or just hate commercials. Then he explained why the economics do not work and will not work and added the comment above.
I cannot help but think how often we are awash in news tidbits that are not newsworthy, but Ms. Anderson on a radio 'show', now that's hysterical. Her television show 'Stacked' (yes, that is what Fox TV called it) lasted 1.5 seasons. If people would not watch her, how could Sirius think anyone would want to listen? How serious can they truly be?.
If you have any interest in the original stories and comments see the following:
- Mel's Mega Merger: XMSR and SIRI combine! or Time for Sirius selling? and SIRI/XMSR: Calculating the antitrust odds - by Peter Cohan
- Companies management can't fix: Sirius & XM - by Doug McIntyre
- GM/Chrysler or Sirius/XM: Two losers don't equal a winner: and Sirius and XM: Two losers -- A follow-up - by Sheldon Liber
Check out my other posts for BloggingStocks here.
Sheldon Liber is the CEO of a small private investment company and the vice president for design and research at an architecture & planning firm.
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Reader Comments (Page 1 of 1)
2-25-2007 @ 3:31PM
topgon said...
reason I'm getting out of XM (and the whole sat scene) is the paying $12 and still getting the ad's. What's worse is there for worthless products basically spam for your sat radio. The music lineups have gone to hell too. Goodbye XM hello free radio.
Topgon
2-27-2007 @ 9:28PM
Robert Brown said...
How much intelligent conversation could you expect from someone like Pam Anderson, when her breast measurements exceed her IQ. I remember seeing her caught outside a club when she and Tommy Lee were in a confrontation with some reporter and she could give profanity lessons to any sailor. Just pure trash.
2-26-2007 @ 11:40PM
mrgriffith said...
I bought Sirius when Howard Stearn made his big announcement to move there. I sold it the week he started and made some good money, then sold it short. Radio is just not the same venue as television, I figured if I'm not willing to pay for subscription radio, then a lot of other people must feel the same. Guessed right this time, the stock dropped significantly over the next several months, I hit my 15% profit from the short sale and got out. Pamela joining Sirius is just another sign they are struggling by going after celeb names. May signal another stock drop!