Sirius mounts another defense of its stock price


Mel Karmazin, the CEO of Sirius XM (SIRI) is like a fireman rushing from house to house within his satellite radio company. Is the firm going bankrupt? Will someone take the company over and throw him out? Will car sales, which provide many of the new Sirius customer, drop so low that the firm will not be able to grow?

Karmazin's latest take on why Sirius stock has done so poorly is that there has been too much "doom and gloom" talk about the firm. That, in turn, hurt sales of satellite radios because people thought that the company might not make it.