Time to get SIRIUS about stocks (.)

Time to get SIRIUS about stocks

BY: Brian Ducklinsky
North Statesman staff writer

OK love him or hate him Howard Stern is coming to SIRIUS satellite radio on January 9th, the question is will this bring new listeners to the subscription satellite service. Even though I am not a fan of Stern (or any other off color shows) I went out and got my own SIRIUS subscription to check out the whole satellite radio thing, and so far I like what I hear.

When it comes to their stock, Sirius (SIRI) has been hanging around the $6-7 for the last few months and was at one time in the $60 range. Basically Sirius has been on a tail spin in the market since 2001. XM (XMSR) on the other hand has been far more study in the same time period hanging around the $25-30 range.

While the radio listening market seems to favor XM, Sirius has several exclusives such as NFL football and Howard Stern which may turn the tide in my not so humble opinion. Currently Sirius has just over 3 million listeners, XM has over 5 million listeners. Sirius seems to be catching up.

With both Sirius and XM you get around 60 commercial free music stations, plus a variety of talk, news, sports, and other programs available on 60 other channels. Both services have ups and downs for example if you are a football fan Sirius is the way to go, for baseball XM is the way to go. Before getting either service, check out their websites. or checkout a comparison site.

sirius.com
xmradio.com
radiosatellite.org

I had planned on getting XM a few years back because to me the name sounds better. Until I looked it up I did not know that Sirius is the name of the brightest star in the sky, also known as the dog star. Well book cover judgements aside I dug deep into the webpages of both services and felt Sirius was the best choice for me.

When it comes to the stocks, I am considering buying stock in Sirius because I believe there is a reasonable chance to see the stock price could go up to somewhere near the price range of XM. I will be keeping a close eye on both.

WARNING: I AM NOT A STOCK ADVISOR, BUYING STOCKS CAN BE RISKY, TALK TO A PROFESSIONAL BEFORE MAKING ANY DECISIONS ON INVESTING, I AM JUST A JOE WHO IS A CNBC JUNKIE. I CURRENTLY HAVE NO STOCKS!

IMAGE FROM: ShopLocal.com shoplocal.com

Posted by The Statesman on January 3, 2006 8:55 PM | Permalink

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Time to get SIRIUS about stocks

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