Quote:
Originally Posted by Jayems
I was thinking that before i bought too, and from all accounts, they are doing fine.
Think about it... 7,000,000 subscribers @ $12/mth = $84,000,000/mth = $1,008,000,000/year.
Thats enough to keep going.
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I am no expert but the 7 mil number seems high and if that Number is even close to accurate that would be for XM USA not XM Canada. A billion in sales in a year and i am sure the stock price would be near alot higher than the 12/share it is trading at now.
I remember seeing a report on Global saying the subscriptions were not near the level they expected in Canada..
Some links
http://finance.yahoo.com/q/is?s=XMSR&annual
http://www.cbsnews.com/stories/2006/...n1323120.shtml
EDIT: The second link seems the indicated that the 7 mill number is not far off and should turn a profit this year but that is what NORTEL kept telling us
