Sirius XM: With Debt Deal Reached, Mel Karmazin Placed the Right Bet
By Cameron Kaine:
A couple of weeks ago, I told you that the problem with Sirius XM’s (
) stock has been nothing other than the
. As the weeks progress and we have witnessed not only Sirius’ stagnant stock but also to the market’s worst performing week of the year, we have narrowed the blame not just on the economy, but more specifically on our government leaders' impasse on economic policy. Political experts have called approaching the debt limit deadline the equivalent of “playing economic Russian Roulette."
Warren Buffett once said: “In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to where it stands today."
No other investor in the world has shown an abilityComplete Story »