Motley Fool has selected five stocks it thinks should be avoided in 2009, and two of them are media stocks. The good news: They barely scratch the broadcast surface. One of the companies is the New York Times, which sold its television stations but still has one FM. MF doesn’t think a company in debt should be trying to take on more debt in the form of mortgaging its building. The other company is Sirius XM – MF thinks that any projection for the company that points to a result other than bankruptcy is a fairy tale.
RBR/TVBR observation: Our strategy when it comes to anything more pointed than general Wall Street predictions is simple: Don’t do it. But if Motley Fool wants to go out on a limb, we’ll pass it on.