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  • Sirius XM Impresses on Blackberry
    asm, point is that SIRI is running out of die-hards such as yourself -- you HAVE to have this "more content capacity/capability&qu... you HAVE to have the line-ups they have and whichever shows you listen to. but there's not a whole lot of folks like you out there, who don't already have their subscription... having internet radio available anywhere for free will further reduce that group on the fence, which is small to begin with.

    and yea, yomann, it's the best right now, I agree. not for long... real competitors with clean balance sheets coming soon...
    Jan 06 17:54 pm |Rating: 0 -1 |Link to Comment |View article
  • Sirius XM Impresses on Blackberry
    it's working really well for them
    Jan 06 17:42 pm |Rating: 0 -1 |Link to Comment |View article
  • Sirius XM Impresses on Blackberry
    so SIRI is now offering their content without the use of those expensive satellites that got them deep into debt..?

    hhmmmm, I wonder if anyone else is providing content along those same lines -- phone networks, wifi, wimax etc....

    yup - sure enough - 50,000+ internet and terrestrial radio stations from across the globe are available for free on the internet and on the iPhone for example, perhaps on the blackberry and other phones as well... not to mention Pandora and last.fm.

    and look - it seems I can also get local sports stations providing coverage of any team I can think of... for free. maybe SIRI's expensive professional sports league contracts weren't such a good idea...

    maybe thinking that satellite was going to be the only mode of transmitting content wasn't such a good idea either... hhmmmm...
    Jan 06 17:10 pm |Rating: +1 -1 |Link to Comment |View article
  • Sirius XM Annual Meeting: What's on the Agenda?
    Banks pay 5% on the TARP money (which they can't deduct, so more like an effective ~7%), and that rate is set to increase to 9% in a few years.

    So why would they lend to a company that has never made a profit, is buried in debt, has under a $500mil mrkt cap, with worsening prospects, in a dismal and getting worse economy, and is on a negative credit watch at the 4th lowest rating before "Default", at 5-6% ?

    The market thinks the $500mil 9.625%cpn of 2013 is worth about 20 cents on the dollar. That's a 60%yield.

    "5-6%".... some of you will never get it.
    Dec 18 13:03 pm |Rating: 0 0 |Link to Comment |View article
  • Sirius XM Annual Meeting: What's on the Agenda?
    "I'd scoop up the common AND collect 5 or 6% interest."

    LOL. try 20%
    Dec 18 12:03 pm |Rating: 0 -1 |Link to Comment |View article
  • Five Positive Points on Sirius: Is the Street Listening?
    "Karmazin is confident the company can refinance debt due in 2009. Perhaps this issue is the overshadow that simply refuses to go away. Karmazin has been expressing confidence with this subject for a while, and this issue is where a “show-me” attitude is likely warranted. That being said, I have always felt that the company will indeed be able to get the debt issue resolved. I would have hoped that it would have been done by now, but still, it should get done. For the equity to see improvement, an answer on the debt needs resolution."

    >>> after all these months of debt finally being a topic at the forefront, Tylrer still "FEELS" it will be resolved. no substance - PURE FANTASY.

    If Mel didn't repeatedly say he's "confident" about the refi, we'd already be at 0.01 --- that's the ONLY reason he's saying that. He's not confident at all. Certainly not confident about re-financing and while also protecting the common. that's an impossibility right now.

    at the expense of the common AND at HUGE rates is the reality. 25% on $1bil is $250 mil a year in debt cost. In a more perfect credit market, that's what SIRI would pay. but in reality, they will also have to give away company upside to whomever the money is coming from. Maybe a 20% covert.... lol.

    Amazing how, after all this time, the debt sitch is going to be "fine" in Tyler's and others' eyes. Head in the sand, blindly following Mel's words.... STILL. unreal.

    I first mentioned the debt well over 6 mos ago, when NOBODY else was mentioning it here. Now it's at the forefront and it's still not a problem in Tyler's (and some of the rest of yours') eyes.... PURE. BLIND. FATIH.... still. unreal.

    [disclosure: I got back in in the $.20s in the small hope of going private.]
    Dec 04 17:26 pm |Rating: 0 0 |Link to Comment |View article
  • Sirius Investors: Decline in OEM Take Rate Something to Watch
    Shorting is saying the stock is overvalued, but shorts are NOT necessarily betting against the company - just against the market's valuation of the company. This is VERY important to the functioning of the market.

    Without shorts, the a stock will be hugely volatile -- it will go up without any resistance, due to buying of overly optimistic buyers, to insane valuations. This is when the majority of retail buying comes in - always late - then, at the first break of bad news, it will drop like a rock b/c no buyers step in to break the fall.

    Shorts keep the stock in check on the way up by selling, and they keep the stock from a free-fall on the way down by covering. You should be thankful shorting exists - you're just the type of investor who benefits from it.

    You saw what happened when short sales were dis-allowed on financials -- it got ugly. No buyers at the first turn of "bad" news and we dropped like a rock.


    On Nov 22 10:58 AM StockGal wrote:

    > Thanks for the replies. I think it's crazy and stupid to be able
    > to make money on a stock when it goes down... it's like betting against
    > a stock. So you have people also hoping it tanks?
    Nov 22 16:03 pm |Rating: 0 0 |Link to Comment |View article
  • Sirius Finally Provides Wall Street the Clarity It Demanded
    cos, I think TMA is not a bad analogy at all. Two market leaders done in by leverage, and forced to tap the markets at a horrible time. I think the end result of SIRI will have much in common with TMA.

    Well I guess one difference btwn the two is that TMA made money hand over fist for many many years prior to their squeeze....

    Why do you say it's "not even close" to a SIRI comparison?


    On Nov 13 03:44 PM cos1000 wrote:

    > wcorowitz
    >
    > TMA, Thornburg Mortgage is not even close to an example that would
    > compare to Sirius. Sirius is an on going enterprise, growing in subscribers
    > and net revenue, with a challenging year ahead.
    >
    > TMA , Thornburg Mortgage is a leading single-family residential mortgage
    > lender focused principally on prime and super-prime borrowers seeking
    > jumbo and super-jumbo adjustable-rate mortgages.
    >
    > On Sept 26, 2008 they did a 1 for 10 reverse split of their stock
    > and on October 1, 2008 they paid their Senior Subordinate 18% interest
    > payment, upon consent from the note holders, ADDITIONAL NOTES at
    > 18% in lieu of a cash interest payment. Why do you think the SP has
    > fallen. By the way your comparing a company that had 318M sh prior
    > to RS and now has 31.8M shares after and a short interest of only
    > 7% compared to Sirius' 9%.
    Nov 14 10:20 am |Rating: 0 0 |Link to Comment |View article
  • Circuit City Bankruptcy May Help Satellite Radio Inventory Levels
    yea, except that Buffett bought $5bil of convertible preferreds that pay him $500mil a year in interest, then are convertible to GS common at $115 within 5yrs.

    ever so slight difference.... clueless.


    On Nov 10 03:05 PM APPLE123 wrote:

    > BAD MOVE BY THE ORACLE OF OMAHA BOUGHT IN AT 115
    Nov 10 18:30 pm |Rating: +1 0 |Link to Comment |View article
  • 4 Signs for Further Caution by Satellite Radio Investors - Goldman
    "They are making money. Once they refi the debt, which will happen, this stock is off to the races!!"

    clueless

    1) they are not making money
    2) "refi the debt".... possible, but only at 15-20%... or mass dilution.
    3) if any stock with the SIRI ticker attached goes "off to the races", it will not be the one that is known as common today...
    Nov 07 14:16 pm |Rating: 0 -1 |Link to Comment |View article
  • 4 Signs for Further Caution by Satellite Radio Investors - Goldman
    "THIS IS A STOCK 4 YEARS FROM NOW WILL BE WORTH A LOT MORE. "

    the company may be worth a lot more, but the common stock that is traded today will be just about worthless... the company and the stock you own are not one and the same. mass dilution is the only way for SIRI...
    Nov 07 11:16 am |Rating: +1 -1 |Link to Comment |View article
  • 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
  • Barrington Stays Positive on Sirius
    "This 1.75% convertible issue can potentially be replaced with 10% fixed rate debt.”

    let's see... Ba1 rated MGM Mirage just issued 5yr debt at 15%.... Caa1 rated SIRI (6 levels lower, only 4 tiers from "D" as in default) will borrow at 10%..?

    unbelievable how clueless equity guys are.
    Oct 31 10:48 am |Rating: 0 0 |Link to Comment |View article
  • Stifel Lowers Sirius Estimates on Weak Auto Sales
    Kit at Stifel has had a "BUY" since Jan 06 at $8.25 and has reiterated it now 11 times.....
    Oct 30 11:33 am |Rating: 0 0 |Link to Comment |View article
  • Sirius XM Issues 67 Million Shares to Gain Breathing Room
    "I have a lot of faith in this comany going the distance and rising above the tide eventually. It will take some time and a lot of work on Mel's end, but I don't see Satellite radio going away."

    >>> you need to separate "THE COMPANY" from "YOUR SHARES".... they are not one and the same. The company may very well survive, but that does not mean YOUR SHARES that you own right now will be worth much. I've been saying this for 4 months.
    Oct 23 09:06 am |Rating: 0 0 |Link to Comment |View article

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