Do you think SIRI is a good stock to buy now

Question

It is at an all time low under $1.50 a share. I think Sirius radio has great potential and in the long run will go up. What are your opinions.

Answer 1

Until they actually make some earnings, I would stay away.  Even when the economy was much better, gas was cheaper, and people drove more, they STILL never made a profit. Now people are less able to pay for a luxury like satellite radio.   Now you can buy a special car stereo that will let you get digital local radio broadcasts for free! It will have local news and be of the same quality as satellite radio. How can SIRI compete with that?