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Sirius XM Radio (SIRI) has put the cart before the horse again with its announcement that its...
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Friday, June 29, 2012, 8:42 AM ETSirius XM Radio (SIRI) has put the cart before the horse again with its announcement that its service will be available on Google TV, says Rocco Pendola. It's not so much that Sirius XM shouldn't look for new platforms for its service, he argues, but it's a function of hitting yet another competitive marketplace "woefully unprepared."
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Profit margins?
Increase in net cash?
Honestly...where is the value here?
8x book value
$3 billion in debt
P/E @ 23
It isn't crazy overvalued but in a world with profitable, undervalued giants like GM, BAC and AAPL you'd have to be nuts to waste your capital on SIRI.