5 Reasons to Own Sirius XM Radio (SIRI)

Reason #4: The Government owes it to Sirius and its shareholders

The government has made it clear that if necessary, it will step in to save companies that are on the brink of collapse. In
the case of SIRI, it could be argued that the government was at the heart of its near failure.

How in the world did it take 18 months to approve the merger with XM? The only explanation is the lobbying influence of the
terrestrial radio industry. Claims that the government was only looking out for the consumer with respect to a complicated issue
is a complete sham in hindsight. Now, with the credit crisis as the backdrop, we know what a complicated issue really looks like.

Even if you contend that the merger between the two companies is indeed monopolistic, such monopoly power is necessary to allow
the company to recoup its immense cost of entering a business, given the utility to society as a whole. Greater dissemination
of information serves us all, and this merger should have been a no-brainer with respect to immediate approval.

There was a great cost to shareholders of the delay, and now look for the government payback in the form of loan guarantees
or other protections should another brush with bankruptcy occur.

NEXT: Reason #5: Sirius has a superior product