Quote:
Originally Posted by Houdini
Back in the day though, in 09', when they were days away from the brink of bankruptcy, there were a couple of days where the stock went to 5 cents a share. That could have gone either way though. Those who bought then are now at like a 840% return.
|
yeah, it must have been more than a year or so ago. It was right when they merged with XM and were buried in a ton of bad debt and basically needed to find someone to step in with a big chunk of change in order to keep them going. The stock was ten cents a share or less for a few months and it looked like they might be going under or at least de-listing the stock.
I remember Howard Stern joking that he was working for free because a lot of his deal was based in stock that was now worthless. Looks like it is around Jan of 09
http://finance.yahoo.com/q/bc?s=SIRI...=on&z=l&q=l&c=