Sirius XM Radio Nasdaq : SIRI Pushing Towards One Dollar

Sirius XM Radio Inc.’s stock, Nasdaq:SIRI, is up again Monday to .91, up from .05 just a year ago. Sirius radio was once feared of going bankrupt, now seems to have all severe debt problems behind them and are moving in the right direction. Sirius looks to post its first profit last quarter.

SIRI is up 45% over the past month, compared to a negative 4% of the NASDAQ exchange. Sirius XM SIRI looks like it is not slowing down, and perhaps will reach well above the dollar mark by this time next week. Sirius XM Radio has full hope in Mel Karmazin as he was given a new contract with an accompanying raise in July, largely on the grounds that he saved the company from impending bankruptcy.

Sirius XM Radio ( Nasdaq : SIRI ) is up 53% over the past three months, up over 95% over the past six months, signaling the trend will continue. After-market trading on Monday Sirius was trading at  0.91. Stay tuned here, as we will bring you news as it comes. Sirius is posed to record its first profit last quarter.

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