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Latest Comments1081 Comments
Sirius Finally Provides Wall Street the Clarity It Demanded
sorry but you wrote:
Why doest SYMN or COSI R/S? Because its a joke too. And its only done when your company is going bankrupt(to delay the inevitable).
SYNM is as you say.......
Sirius Finally Provides Wall Street the Clarity It Demanded
another good day and we didn't break down when the market did..... didn't break upward either..... SP is just a little lighter than air and the manipulators are in full control right now, slowly drifting upward...... Holding at these levels at Fridays close or a little higher going into the weekend will make me feel a little more confident about direction..... I'm agreeing with s162 in how it feels, I'm just in a little more of a "show me" state of mind right now.....
Sirius Finally Provides Wall Street the Clarity It Demanded
Sirius Finally Provides Wall Street the Clarity It Demanded
Hollywood.... cee ... ment ponds,.... movie stars.... No, No, No .... I got it under control now....
With the Ameriprise transaction dated 11/10/08, I thought it might be the 42M of equity debt due Feb 09, at .25 or just under... Not able to confirm that though. Up until the CC I had though only 50M had been taken care of .... then Mel said there was only 210M left.... should be filed with the SEC if they were equity holders.......
Sirius Finally Provides Wall Street the Clarity It Demanded
with all due respect, the reverse for TMA was desperation not delisting. The SP range is $.60 - $140 and could go BK any day. Shorts have been having their day with financial institutions. Today the short interest in this company is only 11% even the shorts are afraid of this one. Their paying equity note holders with more notes..... As I have said many times today, I am not in favor of Sirius' Management Doing a RS, but TMA is not even close to being in the same game as Sirius.
Sirius Finally Provides Wall Street the Clarity It Demanded
Sirius Finally Provides Wall Street the Clarity It Demanded
I look for a SIRI close about .27/.28.
not a bad call at all.....
Sirius Finally Provides Wall Street the Clarity It Demanded
Sirius Finally Provides Wall Street the Clarity It Demanded
s162, WTMBS?
if we can only now get the company to execute our plan... LOL
Sirius Finally Provides Wall Street the Clarity It Demanded
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%.
Sirius Finally Provides Wall Street the Clarity It Demanded
Now I can't get that tune out of my head.... thanks a lot.... LOL
Sirius Finally Provides Wall Street the Clarity It Demanded
Sirius Finally Provides Wall Street the Clarity It Demanded
To be fair in comparing companies that have undergone RS's, conexant also is not a good example. It has had declining revenues for the last 3 years and has 1/3 less cash on hand than it did 3 years ago. Also after the RS it has 50M shares outstanding and SHORT position of .74% of its float. Again this is not a good comparison. This is a semiconductor company with declining market condition (small margins), cash, and business advantage. The stock is not going down because it is being Shorted again, its going down because it has a bad business model and no value. Again I am not saying I am for the RS, but these examples need to be truly comparative. We could just take a list of BK companies and work our way back through the process and a RS will probably be what happened right before the filing for protection.
Sirius Finally Provides Wall Street the Clarity It Demanded
I am not for the RS but I don't have a problem with them having it their tool box of items the company through 2009. Mel said it would be to avoid delisting and that is importan. Mel state earlier that he does not see any value added to just doing a RS and I agree. A buy back program would be better announced and then implemented in 2010 when no debt is due.
Resolving debt in 2009 is the "Only" issue keeping the price of the stock under $1. Questions like how much dillution? Will their be another Convertible Bond with Arbitrage (shorting shares) done? How much will it cost to move the Bank Facility and $350 out in May 09? How are they going to get rid of the $400M Convertibles in Dec 1, 2009? Are they going to push out the Launch of the Satellite due in Sept, 09, which still needs additional cap ex funds? These are serious questions regarding this company's ability to perform and meet its pre cap ex FCF guidance of $300M in 4Q 2009. Along with a host of Partner Questions about the Auto Industry is their any question, with a forward looking Wall Street, that dilution of this stock's price isn't taking worst case into consideration? I think not.
Relmor my friend using COSI as an example to compare, with less shares outstanding than SIRI trades in 1 day is not a good example. If COSI did a 1 for 10 their would be 4M shares left to trade. The other symbol I'm not sure of, if it is Sanmina Sci, they have .5 B shares outstanding, also not a good example and Symantec is trading at $12 and change so why would they?
The issue is DEBT and ability to maintain Revenue Growth. With both these issues answered, the company resolving debt and the auto makers getting a bail out, The Street will look differently at this company. IMHO
Analysts Weigh in on Sirius' First Quarter as a Merged Company
Because you sold over 230K shares of this stock, I know how upset you must be, but to constantly berate those who disagree serves who?? Maybe you should get back in, we all know how bad the market in general is..... everywhere we turn as investors wealth is being squeezed out of our investments.... we, I, may be wrong and this stock goes to zero..... Why do you care if your out..... I know your not trying to save us.... so if your angry at management why be angry at investors who are still in??