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Thread: SIRI Intraday Updates for the Week of 2/02/09

  1. #1
    Newman is offline
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    SIRI Intraday Updates for the Week of 2/02/09

    An interesting week ahead.

    Steelers won the superbowl.
    Government Bailout got held up.
    Sirius should announce the date their Q4 CC this week. I expect the CC will be on Thursday the 12th.
    Sirius appears to be starting an uptrend. Will it continue?

    Discuss...

  2. #2
    trippingthespeculatingpos is offline
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    YES! It will!

  3. #3
    Newman is offline
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    BTW: I am looking for debt information for the XM debt for December 2009. Specifially, I am looking for the CUSIP numbers and cannot find them anywhere.

    Anyone help? Thanks!

    (Trying to research if it would be better to buy more stock or buy some of the Dec. bonds on the cheap...)

  4. #4
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    Never mind, was reading through some more recent posts and found that Homer had already provided this information!!

    Sirius XM Bond Information

  5. #5
    Demian is offline
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    http://www.orbitcast.com/archives/ou...nday.html#more

    OutQ coming to XM beginning Monday

    "OutQ, the first 24/7 channel dedicated to the Gay, Lesbian, Bisexual, and Transgender community, will be coming to the XM airwaves starting on Monday."

  6. #6
    Demian is offline
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    http://biz.yahoo.com/ap/090202/wall_street.html

    Stocks open lower after personal spending falls
    Monday February 2, 9:37 am ET
    By Madlen Read

    "The Commerce Department says personal spending fell for the sixth straight month in December, slipping by 1 percent. Analysts had predicted a drop of 0.9 percent. Incomes also dipped, and the personal savings rate shot higher, a sign that consumers remain extremely nervous about the economy."

  7. #7
    Demian is offline
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    I think this is why the 1 year Target Est. on Yahoo dropped to .53 last week. Barclays did drop coverage of SIRI, but went out a bull...

    http://online.barrons.com/article/SB...793735207.html

    "And, this notice arrived last week from a Barclays Capital analyst: "We are discontinuing coverage on Sirius XM Radio [ticker: SIRI], as we believe that the equity price is not being driven by fundamentals or the future of the underlying business, but rather purely by speculation as to the company's ability to refinance or restructure upcoming debt maturities ($1 billion in 2009, first occurring Feb. 15)."

    The stock, then and now around 11 cents a share, is clearly a mere warrant on an unlikely sudden wave of generosity washing over the company's creditors and the broader debt market. Not so helpfully, the analyst concludes, "Our final rating on SIRI is 1-Overweight," with a price target of 1.80."

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    Demian is offline
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    http://online.wsj.com/article/SB123353783687837945.html

    Sirius Faces Debt Payment in Test of Its Viability
    FEBRUARY 1, 2009, 8:53 P.M. ET

    "Sirius XM Satellite Radio Inc. is facing an important test of its viability this month: how it handles $174.6 million in debt coming due Feb. 17.

    Questions over how the company can pay it, along with $750 million more in debt due later in the year, have been dogging the company's stock price for months. Trading around $3 a year ago, shares in recent weeks have been stuck in the 10 cent-to-12-cent range."

  9. #9
    Demian is offline
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    This guy just doesn't stop bashing SIRI.........he has an obvious agenda.

    http://www.bloggingstocks.com/2009/0...fore-expected/

    For Sirius (SIRI), chapter 11 looms
    Posted Feb 2nd 2009 9:20AM by Douglas McIntyre

    Sirius XM (NASDAQ: SIRI) is up against debt payments that its management has been saying would not be a problem.

    According to The Wall Street Journal, "Sirius XM Satellite Radio Inc. is facing an important test of its viability this month: how it handles $174.6 million in debt coming due Feb. 17." Since the company has not reported its fourth quarter, no one knows for certain how much cash Sirius has. More debt payments are due later in the year.

    Could the debt problem this month push Sirius into Chapter 11? It is impossible to tell, but the obligation has not been renegotiated or replaced with new debt.

    Sirius may be best off in Chapter 11, given its huge debt load. Without that anchor it could operate more freely. The company's core business may be attractive enough to attract debtor-in-possession financing to get Sirius through the process.

    At $.12 a share, Sirius already trades like it is bankrupt. It ought to look at the airline industry and see how well Chapter 11 can work.

    Douglas A. McIntyre is an editor at 24/7 Wall St.
    Last edited by Demian; 02-02-2009 at 10:07 AM.

  10. #10
    trippingthespeculatingpos is offline
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    yeah they cant stop siri now, buy buy buy buy buy buy

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