02-04-2010, 03:16 PM
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#8 (permalink)
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A True Z Fanatic
Join Date: Mar 2009
Location: North East
Posts: 6,203
Drives: 09 370Z Sport M6
Rep Power: 655
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Quote:
Originally Posted by Slynky
I just did a search last week on XM fees to get an idea what they cost and lots of the forum chatter indicated they had "one foot in the grave".
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Their stock is at a 1 year high but it is still only 1/10th of their peak back in 06.
Analysts don't believe they will last because they haven't increased customer base in the last year, they have $3B in debt and don't really have the means to pay it back. They came very close to filling for Chapter 11 bankruptcy back in Feburary before managing to get a last minute loan to make the payment on their other loans. They can't survive this practice forever, maybe they'll get a government bail-out in the end.
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