Why Sirius XM Stock Dropped an Unlucky 7% Today

If the satellite radio company can't generate as much cash as it promised, is its stock still a buy?Sirius XM Holdings (SIRI) stock had tumbled by 7.2% as of 10:15 a.m. ET Tuesday after the company updated investors on its financial projections.On Tuesday morning, management announced that Sirius had completed its merger with Liberty Media's Sirius XM tracking stock in a much-anticipated reverse stock split. It boasted that its new and improved "simplified capital structure" gives it a "clear path forward." ...