Sirius (SIRI) hit another 52-week low today at $3.06. It continues to drift down on no news. The Dow is up almost 1% to 12,714, and the Nasdaq is up even more on a percentage basis.
Oddly enough, XM (XMSR) is not near its 52-week low. It trades at $12 on a 52-week high/low of $23.56/$9.63.
The markets may view XM as the better off of the two if their planned merger does not go through. The company has more subscribers and higher revenue against a similar cost base. It may be able to generate substantial cash flow before SIRI.
XM continues to sell at 4x sales while Sirius is at 7x. It is a disparity that no longer makes sense.
Douglas A. McIntyre can be reached at [email protected]. He does not own securities in companies that he writes about.
ALERT: Today Could Be Your Best Shot At Early Retirement (Sponsored)
If you want to retire before 65, pay attention. Study after study has shown that the longer you stay invested, the better your chances at an early retirement.
Every day that goes by without saving and investing for tomorrow means more to earn and save later. Don’t waste any more time and get started with Robinhood today. The app makes it easy to buy and sell stocks, mutual funds, trade options, and even cryptocurrencies.
Sign up today — click here to start your journey.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.