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Sirius XM: Radio Ga Ga

By Jonathan Heller

 About this article:
 Over the years, I have frequently been asked by friends, colleagues, and acquaintances to weigh in on their portfolios. And I can't tell you how often Sirius or XM (prior to the merger) cropped up as a holding. Typically, the reasons for purchase were the same: Someone subscribed to the product, either in their car, or at home, or both, and was blown away by what these companies were providing. They equated a great and somewhat addictive product that would take world by storm with a boatload of money to be made by buying the stock. Now, I can't completely fault this logic -- I've been guilty of it myself -- but it does show that there's often a great disconnect between what is seen as a must-have product and a must-have stock. For me, the numbers just don't add up. While Sirius XM has shown...

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