Sirius XM Radio Inc.(NASDAQ:SIRI) Can Rebound
Technology is ever changing; the love for music is not. How we have listened to music has changed, but the passion and the lust for more will be ongoing. Nothing can cheer a person up, or make them weep as easily as a simple song can. Internet piracy has seemingly ruined record companies and radio stations at the same time. What can it never kill? The need for a good DJ. Let’s admit it… you get sick of those sick of those songs on your iPod, don’t you?
Sirius and XM radio were launched with too hefty of expectations, but few would agree that it could survive in an economy like this, while staving off the newest innovations. But it has. In-fact, Sirius XM is still getting stronger, even though the economy is getting weaker. Once people try Sirius they have a hard time not having it, which is why the companies churn rate is so low. The only thing that is holding Sirius back, is the continual under performance of the car market.
Stocks like SIRI are hated, and then loved, then hated. But truth be told, people need music even in their darkest times. FM radio is a joke if the listener lives outside of a major market. Sirius has taken many wrong steps, Sirius XM’s stock ( Nasdaq : SIRI ) has taken even more. The problem has always been too high expectations.