jswede

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  • Auto Sales: Good News on the Horizon?
    MNC lost a little bit of money in 2008, but had been making a profit for 14 years up to that point.

    SIRI has never made a profit.

    MNC had $45mil in longterm liabilities before this $139mil loan.

    SIRI has $3.5bil in longterm liabilities.

    MNC has $160mil in retained earnings on a $442mil balance sheet.

    SIRI has -$4.6bil in retained earnings on a $10.6bil balance sheet.


    On Nov 05 11:37 AM User 292014 wrote:

    > A bit of positive information. It appears that lenders are beginning
    > to flow money into corporations again. Check out Monaco Coach (MNC).
    > Here's the news header:
    >
    > Monaco Coach Gets $129.3M In New Debt Financing
    > MNCLast update: 11/5/2008 6:19:37 AM (MORE TO FOLLOW) Dow Jones Newswires
    > (201-938-5400)November 05, 2008 06:19 ET (11:19 GMT)
    >
    > This is an example of a distressed company that has been down 50%
    > and struggling. Yet they have acquired a substantial amount of financing.
    > I believe it may be time for me to get back in to sirius stock. I
    > am going to hunt around an see what other distressed companies are
    > acquiring substantial financing. Any thoughts or opinions?
    Nov 05 13:15 pm |Rating: 0 0 |Link to Comment |View article

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