Sirius satellite radio Inc.
Well you can get a pretty good idea of the situation at Sirius satellite radio when the chief financial officer sells off 110,351 shares of common stock. according to Canadianbusiness.com David J. Frear, Sirius satellite radio’s chief financial officer, filed a Form 4 with the SEC on Friday. He reportedly sold the shares for $2.73 apiece.
Personally I happen to own a good few shares of Sirius satellite radio Inc. stock. But I realized ages ago that it was pretty worthless; although I still held onto my shares just in case something unexpectedly nice might happen like Sirius stock turning around and suddenly becoming worth $700 per share.
When you think about it though radio just isn’t all that profitable. I mean most people won’t pay to listen to the radio even for the benefit of no commercials.
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