No One Takes Sirius XM Alive
No One Takes Sirius XM Alive
By Rick Aristotle Munarriz
February 8, 2011
"We're now just weeks away from the second anniversary of Liberty Capital's (Nasdaq: LCAPA) bankruptcy-saving loan to Sirius XM Radio (Nasdaq: SIRI). This opens up the possibilities for Liberty Capital's 40% preferred-share stake in the satellite radio giant. Some are suggesting that Liberty Capital's John Malone . . . . . . . . . "
http://www.fool.com/investing/genera...-xm-alive.aspx
Be Prepared for the Refinancing Charges!
homer985:
"Q4 of 2009 saw a profit of $14MM... can they have done enough to make up the above charges and still pull another profit this year? That's my concern. If some are looking for Q4 to be huge... I hope they considered everything, as we have. You appear to be looking at around $22MM... with the charges you would have called for $105MM or so? I can come close to seeing that... just hard to say for sure. But I'm right there with you on the charges total . . . . . I come to about $83MM in Q4 charges to Loss on Extinguishment of Debt. If Sirius were to pull a profit out of Q4, they'd have to do it in the face of this $80MM-$85MM charge to shareholders.
http://seekingalpha.com/article/2517...ed?source=feed