Jamie Dlugosch
Jamie Dlugosch is the founder and editor of the top-rated The Rational Investor. He has over 20 years of experience in financial markets including investment banking, equity analysis and research and money management.

Jamie Dlugosch
Jamie Dlugosch is the founder and editor of the top-rated The Rational Investor. He has over 20 years of experience in financial markets including investment banking, equity analysis and research and money management.
XM-Sirius Merger: Regulatory BullMay 23, 2008 By Jamie Dlugosch, Editor, Investors Insights |
I think I missed something. Exactly when did the United States become a communist nation?
The proposed merger between Sirius Satellite Radio (SIRI) and XM Satellite Radio (XMSR) has been stuck in regulatory purgatory for two years now that can only be compared to the nonsense of a communist-based system!
I honestly cannot believe that more people are not up in arms about this blatant misuse of power! The amount of time to make a fairly simple decision defies belief and brings into question the very principles this country was found upon.
The lengthy review makes no sense at all despite the supposed complexity of the deal and other lame reasons thrown out by the government. Frankly, I would contend the delay is criminal.
Who do we turn to when our government has failed us?
I can appreciate the fact that we have more pressing issues to be concerned about, but honestly the lack of attention given to this matter by the press or the public in general is surprising.
Make no mistake; this delay has caused real damage for both companies and its shareholders. Stuck in a state of flux both SIRI and XMSR have essentially operated in the dark.
Without approval, both companies must behave as if the deal will fail. At the same time, they must expend energy and resources preparing for a future should the deal be approved.
Such a state could not have happened at worse time. With the economy in shambles, selling a premium product that depends on discretionary spending is a recipe for disaster. Frankly, I am surprised SIRI and XMSR have done as well as they have done given the circumstance!
In its most recent earnings report, SIRI announced that ...