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Originally Posted by HardcoreZ28
Yes it dropped yesterday, however I think it will go back up. Â*We all know it was overvalued and I meant to suggest waiting for a dip to pick it up. Â*XM will not be the only company in the market because we all know there's always competition. Â*Toyota announced this week that they are offering a choice between XM and Sirius on all their new cars. Â*I'm sure others will follow suit soon. Â*Yes the price will fluctuate a lot over the next few months, but I think overall growth will be decent.
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actually the toyota announcement is bad for Sirius. They are offering XM as standard equipment built into the head unit, and sirius only as a dealer installed option with an add on tuner.
I also don't expect sirius to go anywhere, there will be competition, however they are not a company on good financial ground, and they are putting a lot of faith in howard stern.