Quote:
Originally Posted by eurobounce
You think they are going to tank? I think XM will survive, but I am hoping SIRI will get bought. True about the price of crude, but you never know. I also agree on Real Estate stocks.
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The problem with satellite radio is that they are heavily dependent on sales to car manufacturers. Many people are buying cars with them, but realized they don't like pay a monthly fee of $12.95 for radio, which initially comes for free. The other huge problem they are facing is the internet. Almost everything on their stations can be found for free on the internet. Just look at ATRAB (on satellite but also free). I have both but they are becoming more and more useless. I used to like the sports radio and music but now I can listen to the same things for free on the internet. I probably will bail on both at the end of the year.