Pretty light volume today. Only 25 1/2 million shares traded with 1 hr & 15 min to trade.
Pretty light volume today. Only 25 1/2 million shares traded with 1 hr & 15 min to trade.
Some have speculated that the reason the Co. released their 5 yr guidance now is because they are in discussions with a potential financier and that info has to be made public to everyone at the same time.
I think this is extremely important because I remember Mel stating that he does not give guidance.
My hope is that with the info they received, the possible financier has made a decision to refinance the Feb converts and it will be announced at the CC.
Demian, you are right.
It's lonely on this board. Besides you and me, there was only one comment all day from another poster. It's like talking to yourself.
I don't usually post much, but I tried to help you get things going here. It looks like it's not going to work, so I am out.
Good luck,
Keysmark
Thanks Keysmark,
I stepped out for a little bit to run some errands, thanks for trying to help out.
If you build it - they will come.......
I have been trying to keep this intraday discussion thread flowing until more people get on board.
It's got to start somewhere.....
Its called people actually work for a living. Most people dont have the time nor want to be here 24/7
Sorry,
I just didn't have much to say today. I'm at a crossroads going into Monday. I want to be hopeful and positive but we should have seen a run-up today if things were looking good for Monday.
Unfortunately, insiders always know first and many times act on it. No action means???
The DOW closed up huge today with a rally into the close.......
SIRI bashed down again by the powers that be to close flat @ .26 on volume of 45.2 million.....
Will this crap ever end?
http://www.electronista.com/articles...its.sat.radio/
electronista
11/07/2008, 4:10pm, est
friday, november 7th
Directed announces split with Sirius satellite radio
Directed Electronics announced earlier this week that it will leave the satellite radio market, ending its agreement to act as Sirius satellite radio's exclusive retail distributor as of January 31st, 2009. The company says this is due to the softening market for the subscription-based service and, along with Sirius XM's more than $1 billion in debt, is calling the agreement an unfavorable "risk-reward tradeoff."
As part of the dissolution, Sirius XM will buy back Directed's satellite radio hardware stock in the first quarter of next year and assume all responsibility for all product returns and warranty issues submitted after January 31st. Directed currently has about $27 million in Sirius inventory, according to DEI Holdings CFO, Kevin Duffy.
According to Directed parent company DEI Holdings president and CEO, Jim Minarik, Sirius is planning on selecting a new distributor. Sirius XM is going to fall short of its earlier projected subscriber numbers at the end of 2008 and 2009, by about 400,000 and 900,000, respectively, from 19.5 and 21.5 million.
Directed became the primary retail distributor for Sirius Satellite Radio well before the latter company's recent merger with XM back in 2004. Directed will now focus on its core brands, including Viper, Clifford and Python.
If inventory is mostly radios, then DEIX has perhaps 250,000 old radios (SIRI only with best of capability) to pawn off on SIRIUSXM. I wonder how either company could get that far off the mark WRT unsold inventory.
SIRI should give these radios away free with paid subs. There's a lot of inventory to move out along with new lines yet to be introduced. Anyone seen any SIRIXM holiday displays yet? I haven't.