Stock Shock: Movie Trailer
SiriusXM satellite radio is one of the lowest priced stocks in the market. This, despite the fact the company is a virtual monopoly (having merged successfully with XM radio) and generates nearly 2.5 billion dollars each year with its 19 million subscribers. Even as SiriusXM has a growing number of fans and market potential, the stock has traded for as little as 5 cents per share making “short sellers” filthy rich.
While over 1 million loyal and die-hard common stock-holders have lost most of their investments, and sometimes their sanity over the incomprehensible direction of the stock, CEO Mel Karmazin and SiriusXM company officers look for a lifeline.
Good movie to watch if you are a Sirius XM Radio Investor.
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