Sirius XM Still a Hold, Even If Delisted: Poll

The NYSE and Nasdaq are reviving the delisting of stocks with low prices. We asked readers which stocks they would hold even if they were delisted.

Author:
David Moss
Publish date:
Oct 19, 2009 11:14 AM EDT

The NYSE and Nasdaq are reviving the delisting of stocks with low prices. We asked readers which stocks they would hold even if they were delisted.

NEW YORK (

TheStreet

) -- Delisting has been in the news over the last few weeks, ever since the

New York Stock Exchange

and the

Nasdaq

reinstituted enforcement of listing requirements in August.

One such rule, generally requiring company share prices to stay above $1, has been a problem recently for more than a few stocks. An analysis using data provided by iMetrix by Edgar Online and examined by TheStreet.com Ratings resulted in a top 10 ranking of those who have received delisting notices because of low share prices, at least when ranked by revenue.

Of the top five on the list, we turned to

TheStreet

readers to ask for a slightly different take on the delisting phenomenon: Which stock would you continue to hold on to, even if it was delisted?

Far and away,

Sirius XM Radio

(SIRI) - Get Free Report

found the most supporters in its corner, landing 73.3% of the nearly 1,700 votes cast in the poll. Though shares closed just under 60 cents on Friday, it's also worth noting that for now the company has until next March to get its share price up.

Another 13.2% of voters were cheering for

FairPoint Communications

(FRP)

, as reports continue to swirl that the company is attempting to restructure its debt and stave off a bankruptcy filing.

Others in the top five included

Mesa Air

(MESA) - Get Free Report

Champion Enterprises

( CHB) and

ChipMos Technologies

(IMOS) - Get Free Report

, which finished with 5.2%, 5% and 3.2% of the votes, respectively.