Sirius XM at 17 cents - look out below

By Paul R. La Monica, CNNMoney
2008-11-19 13:34:52

NEW YORK (CNNMoney.com) -- "Brother, can you spare a dime?" During the Great Depression, ten cents could buy a little something for those really hard up.

During this financial crisis, ask for two dimes, and you can get a share of Sirius XM. That's right, the stock of the much-ballyhooed satellite-radio merger has plunged more than 90% this year and was trading recently at just 17 cents.

And now, several analysts wonder if Sirius XM (SIRI) will even be able to last for much longer without a major restructuring.

"The outlook for Sirius XM has grown increasingly worrisome and at the current time looks bleak," said Frederick Moran, an analyst with Stanford Group. "At this point, you have to question whether Sirius XM will survive 2009 in its current structure. There is a likelihood that it could enter bankruptcy."

The company would not officially comment about its stock price and concerns about bankruptcy .

	Investment Basic Investment Overview Investment Approache Fundamentals Data Investment Stories www.fxj108.com	Sirius XM at 17 cents - look out below By Paul R. La Monica, CNNMoney 2008-11-19 13:34:52 NEW YORK (CNNMoney.com) -- "Brother, can you spare a dime?" During the Great Depression, ten cents could buy a little something for those really hard up. During this financial crisis, ask for two dimes, and you can get a share of Sirius XM. That's right, the stock of the much-ballyhooed satellite-radio merger has plunged more than 90% this year and was trading recently at just 17 cents. And now, several analysts wonder if Sirius XM (SIRI) will even be able to last for much longer without a major restructuring. "The outlook for Sirius XM has grown increasingly worrisome and at the current time looks bleak," said Frederick Moran, an analyst with Stanford Group. "At this point, you have to question whether Sirius XM will survive 2009 in its current structure. There is a likelihood that it could enter bankruptcy." The company would not officially comment about its stock price and concerns about bankruptcy .