Last week (there is no need to report on these crap businesses in real time) Sirius and XMSR announced plans for post merger price drops.

As I expected, the title WOULD have been CORRECT if they were talking about price drops for their stocks . Both stocks are down 10 plus percent since the announcement.

They have no chance.

They dont have a growth model and their balance sheets bite. Their mobile solution never worked and iPod’s just won’t be unseated at this point.

The iPhone just made these two companies more irrelevant.

I have warned on these stocks forever and will continue to do so. They need to be liquidated.