You're correct that Sirius' EPS is negative. So I guess you can't even calculate their P/E ratio. Furthermore, if you check their income statement, they're not making a profit. But the reason I bought sirius stocks is the Howard Stern factor. Mel Carmazin was on Cramer a few days ago. His estimation is that they're gonna start making a profit by 2006( something like that). Of course I understand that his job is to make Sirius a household name. Now Cramer says it's a good bargain for sure. For a couple of days, Sirius stocks have been going up by a %. I won't be surprised if we finish up in the high 9's to even 10's by the end of this year( a stretch, I know). I'm taking a risk I know. Once upon a time, Sirius shares sold for $60. It's a burgeoning company. It'll take time for it to make a profit. And I believe in Sirius.