After my last investment in Sirius (SIRI) the stock promptly lost another $.75. Thankfully, due to two great bits of news, Sirius made a nice rebound. First, it was announced Friday that Volkswagen and Audi will install Sirius radios exclusively in their cars. Previously, some were also shipped with XM. Second, they announced that they’ve passed the 4 million subscriber number. My feeling since the beginning that Sirius will win the satellite radio race. I make the comparison between Sirius and upstart America Online back in the early 1990’s when they were chasing CompuServe. Remember them? They were the "big dog" who brought the ISP to the national stage… but they got swallowed by AOL in the mid-1990’s.
A lot less news on Texas Roadhouse. (TXRH) Things are looking up, the stock… like Sirius… has been making some big gains. As the Roadhouse continues to grow in popularity it my hope that the franchise will surge forward in many new locations.
What’s next? I’m keeping an eye on the IPO of Tim Horton’s. Since I’m not a hard core investor and this is a new hobby for me, I don’t have a lot of access to IPO’s, but I like to see one of my favorite businesses going public. There is nearly infinite growth potential for this place. Growth is good!
Leave a Reply