Thursday, October 19, 2006
More On Bank Of America And Jacoby
I really try to maintain an
impartial perspective on Satellite Radio. As mentioned in previous posts, I became involved with satellite radio based on extreme disatisfaction with terrestrial radio, and frustration with the limitations of my iPod (I could expound on this ad naseum, but will spare you at this time). From the bottom of my heart, I truly hope that both Sirius and XM continue to thrive.
Satellite radio is a sector with significant barriers to entry, composed of just two competitors, in the early stages of market penetration, with a potentially huge subscriber base. Traders may notice that if the price trend of one stock is down, so is the other, and vice versa. Their charts virtually mirror each other. I believe that if one company does well, so will the other.
Now about Jacoby...to have such a strong, repetitive preference for one company over the other is, in a word, odd. Sirius has met or beat subscriber estimates, XM has not. Sirius has resolved issues with the RIAA, XM has not, XM has lost market share at retail, Sirius has gained, etc, etc. I'm NOT saying that XM is NOT a company with huge potential, I AM saying that, taking recent benchmarks into consideration, Jacoby's unwavering preference simply does make sense. Is he
impartial...?
10/19/2006 01:50:00 PM
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