SIRI Weekly Thread 12-10-2012 to 12-16-2012

[denco1]

S&P also upgrades SIRI 2 notches today!!....revolving note


http://www.reuters.com/article/2012/...ndsNews&rpc=43

Thu Dec 13, 2012 12:34pm EST


Dec 13 - Standard & Poor's Ratings Services said today that it assigned New
York City-based satellite radio company Sirius XM Radio Inc.'s
(BB/Stable/--) $1.25 billion senior secured revolving credit facility due 2017
our 'BBB-' issue-level rating (two notches above our 'BB' corporate credit
rating on the company), with a recovery rating of '1'. The '1' recovery rating
reflects our expectation of very high (90% to 100%) recovery in the event of a
payment default. The 'BB' rating on the company's senior unsecured debt, with a
recovery rating of '3' and 'BB' rating on its subordinated debt, with a recovery
rating of '4' are not affected by the proposed addition of secured debt in the
capital structure, based on our expectation of slightly better creditor recovery
prospects, given consistent subscriber additions and stable churn, despite price
increases.

[hedymoney]

For all you gamblers out there & I know most of you are if you invested in Sirius. Take a look at STEV. Stock appears to have bottomed out and may have a bright future. This, if I'm not mistaken, ( & i could be), is the only sweetener that has been deemed "safe" and is rapidly growing. It's now being added to some Starbuck's products and with the obesity epidemic we're in, and facing, may have some huge upside. Thanks and Happy Holidays.

[blackops]

S&P also upgrades SIRI 2 notches today!!....revolving note


http://www.reuters.com/article/2012/...ndsNews&rpc=43

SWEET!!!!

[brian65PLS]

I cannot believe Dominick/BM. He shuts down swptalk/forum and sends us to a site that doesn't work. BM if your reading this check the tweet I sent you and KNOW THAT I'M THINKING A REFUND IS DUE AND FORGET YOUR SITE! Needed to vent.

[sxminvestor]

I cannot believe Dominick/BM. He shuts down swptalk/forum and sends us to a site that doesn't work. BM if your reading this check the tweet I sent you and KNOW THAT I'M THINKING A REFUND IS DUE AND FORGET YOUR SITE! Needed to vent.

It's one thing getting jerked around and it is anotehr thing paying to have it done to you. I have had enough....No more "Thank you Sir, may I have another"

[sxminvestor]

What did the MM's re-short today at 2.81 after creating the demand yesterday and early today ?

So far there is no panic on the shorts having to pay a 5 cent dividend, but there is still time

[siriusly_invested]

Why would we see a decline in sp immediately following a credit upgrade? WTF?

[Geoworld]

The upgrade by S&P only applies to the new debt of $1.2B to a rating of BBB with a Class 1 (class 1 means that there is a 90-100% chance the company can recover if it defaults).
With regard to other debt instruments and notes the ratings have not changed and are BB- with Classes

[birdhouse]

Why would we see a decline in sp immediately following a credit upgrade? WTF?

because boehner-brains can't seem to manage to keep his mouth shut

[siriusly_invested]

Thanks Geo, that explains it for me. Now I get it.

Why would we see a decline in sp immediately following a credit upgrade? WTF?