At the end of 2005, shares in Sirius (SIRI) were $7.87. At the end of 2006, they had fallen to $3.90. They now trade at $1.46. Seeing the stock price being cut in half every year or so does not prove anything other than that investors have questioned the company’s prospects more over time. That questioning could become more severe, and there is some reason to believe that Sirius could trade under $1 by the end of the year.
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