Originally Posted by
SiriuslyLong
DEBT. I knew nothing of it prior to the stock tanking. I suppose when they planned to merge, they didn't foresee the collapse of the financial sector, so financing wasn't on the front burner. Not a lot of people did. Peter Schiff did, but I caught on to him too late too.
Google was how I found this place as well as seeking alpha. Between the various articles, l learned that the stock was being shorted because the street had no faith in Sirius refinancing their debt. Interestingly enough, I saw one citation noting that short selling is statistically significant in predicting the fate of the company - in other words, it's getting shorted for a real reason.
I like this message board. There are some "lively" exchanges.