.135 hoorah
.135 hoorah
Trying to decide if I should by stocks or bonds...
I can buy the Feb bonds at $85 each... make $15 each over the next 2 weeks? 17% return on investment for 2 weeks.
Or I can buy the December bonds at $30 each. Wait 10 months and make $70 each.(233% return, plus one interest payment)
Or buy the common. Any ideas?
SIRI closed op over 9% @ .1309.......on volume of about 36.6M.
Last edited by Demian; 02-02-2009 at 05:05 PM.
Newman,
IMHO, I would buy the common........more potential upside, although the bonds would be more conservative and safer I guess.
this is a day to remember;
a breakthrough perhaps of some sorts;
let's hope so; it has been a long, long road;
yes, i've committed the cardinal sin; i've fallen
in love with my investment; kick me, scream
at me, call me a fool, do what you want; but...
OUT of the night that covers me,
Black as the Pit from pole to pole,
I thank whatever gods may be
For my unconquerable soul (and for Siri satellites).
In the fell clutch of circumstance
I [nor Siri] have not winced nor cried aloud.
Under the bludgeonings of chance
[Siri] is bloody, but unbowed.
Beyond this place of wrath and tears
Looms but the Horror of the shade,
And yet the menace of the years
Finds, and shall find, me [& Siri] unafraid.
It matters not how strait the gate,
How charged with punishments the scroll,
I am (well, I guess Mel & us Investors) are, too) the masters of my [our] fate:
I am (we are) the captains of my [our] soul[s].
Invictus, by William Henley (1849-1903)
lol poetry for stock junkies, siri up .1339 A.H. looking good ladies and gentleman
have to subscribe to wsj to get whole story.
http://www.orbitcast.com/archives/re...over-debt.html
Report: Sirius XM in "advanced discussions" over debt
By Ryan Saghir on February 2, 2009 8:11 PM | No Comments
With $174.6 million in debt due in just about two weeks, word has come out that Sirius XM Radio Inc. are in "advanced" talks about taking on that debt.
According to the Wall Street Journal, people familiar with the matter are saying that Sirius XM is in advanced discussions with "several investors" about taking on the debt.
WSJ also points out that some - but not all - of the participants hold existing Sirius debt.
If Sirius XM can clear this hurdle, there's still $350 million due in May, $400 million due at the end of the year, and another $230 million in convertible notes come due in 2011.
"It's a long road back," given the economic conditions, says RBC Capital Markets analyst David Bank.
Last edited by trippingthespeculatingpos; 02-02-2009 at 09:47 PM.
Once the February debt is paid ...ANALyists/talking heads will keep hammering us about the May and December debt...and they keep reporting about 2011 debt...seems they are hate mongers of siriusxm that want to see the stock stay in the basement no matter what positives continue to happen with this company.