Return of O&A mentioned in howard's article

[The Man]

They both suck. SIRI is probably the most overvalued. But like Tivo, people are so hellbent on investing on any new technology that they think is going to revolutionize the world that they're working on the greater fool theory.

In reality, the only reason you should pay anything for any stock is based on the future value of the dividends that they'll pay. You can't just assume that somone will be willing to pay more for the same stock when there is no hope of dividends.

Well, neither of these companies has more than $150 million in revenues, but they are both worth billions.

Each of them is losing like $5 a share so there is no hope of a dividend for years and years.

And unlike the Internet stocks like Ebay and Yahoo, it's not like the companies are revolutionizing anything.

With mp3 players growing in capacity and functionality, what chance is there that SIRI or XM will ever grow their revenues 10x beyond the early adopters who want it now?

What's going to get the fence sitters to adopt this technology? Opie and Anthony?

Neither of these companies will ever get to $1 billion in sales.

But everyone is playing the momentum.