If you counted on ME for stock market tips, you might have to work an extra decade in order to retire. Having said that, we put together a 3-part blog a month ago (here, here, and here) about satellite radio, and related issues.
We talked about commercial radio companies refusing to run satellite radio ads. And we urged the readers of this blog who make their living from terrestrial radio to dump satellite radio shares they own, and reinvest those dollars into broadcast companies.
Wednesday marked a month since that blog, and look at what's happened during the past 30 days:
Far be it from us to even suggest our little blog had anything to do with the prices of these stocks. But it is interesting to note how the financial fortunes of the above companies are changing as Wall Street perhaps rethinks assets, value, and performance. Of course, there have been other factors at work here, too - legal woes at XM, the Emmis "going private" announcement, the Cumulus deal coming together, etc. But for these two different and competing media, it is interesting to note this small slice of time where for now, their fortunes appear to be reversing.
So, have you looked into buying gold lately?