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The Reformed Broker

The resurrection of Sirius XM?

By Joshua M. BrownGuest blogger / February 18, 2010

Thrash metal band Testament appears at Sirius XM studios in New York.

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I hate this stock and have always hated this stock, but who cares what I think...Sirius XM ($SIRI) seems to be coming back from the grave right now:

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Why has this ne'er-do-well just broken above a buck a share for the first time since September of 2008?

The story I'm hearing is that the most recent numbers from the company are showing an actual, real-life fundamental improvement in new subscribers (added 257,000 in Q4 2009) as well as some better-than-expected free cash flow.

I'm not a believer but as they say, the stock price doesn't lie ... there are buyers.

Worth keeping track of this potential turnaround, but I would need more evidence before holding my nose to buy this thing just just yet.

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