Burak Tekes

Sirius Satellite Radio: Bleeding Cash Faster Than Subscriber Growth

It's really hard to understand what kind of business plan they have (both sirius and xm). I took a look a the financials for the last 4Qs. Both companies are far away from profitability; no earnings, negative equity, negative CFO. I think the industry is heading to a major restructuring. One of the players will eventually go out of business.