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With ALL due respect SXMinvestor…Joe Biden saying Obama would be tested once in office has been twisted by the Republican spin machine once again to strike irrational FEAR in the hearts of voters.
His POINT is that ANY president is going to be tested. And I for one along with what is shaping up to be a VAST majority of Americans would prefer the level headed Obama in the White house making decisions than the hot headed McCain. I’m sorry. Just a fact.
Sad thing is that the Republican FEAR machine has led to statistics like “23 % of Texans believe Obama is a Muslim”.
You and I may be “Sirius Bruthas”…..but politically we couldn’t be more different. 🙂
I think Tyler baited us to discuss politics.
its all cool. no worries. After Nov 4th, we’ll all still be Americans…and we’ll all still be stuck in Sirius. Lol.
We’re all Americans. That I know. And I want a strong country with strong people. Whatever party or color.
So for me, I want the greedy bastards that tried to take us all under with their greedy loan programs to all go to jail.
And I want hard working tax paying Americans that pay these politicians salaries. To be represented. Not the special interests and lobbyists.
If the American people fall for that “spreading of your wealth” BS, they are very stupid. A hundred bucks to a poor person is far more dear to them than a million bucks is to a person with $20,000,000. The multi-millionaire may bemoan his/her fate at a dinner at his/her country club, but the poor person may not eat. Whatever happened to the “caring” society we were all talking about a few decades ago. Some of us remember that time, and still care about others.
I cannot give credence to a man who owns 8 homes and makes the false accusation of his opponent being a “socialist.” There are currently a lot of people sleeping in their cars all over America, and a lot of families who have to think whether they should buy a gallon or a half gallon of milk to give to their kids.
I do not dislike McCain because he is wealthy; I dislike people like him who have no compassion for the suffering of millions of Americans. Having said that, there are plenty of rich people who have compassion; too bad a lack of compassion is respected by so many Americans as acceptable.
Friggin
I am voting MEL for president if he can get this damn stock up to $ 2.50 and I break even.
If he can do that, certainly he can do can get the economy out of this shit and us out of war
Vote MEL for Presidnt, but do not vote for RS
Iambankrupt and I approve this message
Hey frigginregan,
Maybe obama isn’t a terrorist but his friend is and what about his preacher of over 20 years.
I guess stuff like that doesn’t matter to
friggin liberal democrats.
NOBAMA!!!!!!!!!!!!!!!!
NOBAMA!!!!!!!!!!!!!!!!
NOBAMA!!!!!!!!!!!!!!!!
Barack Hussein Obama Senates most friggin liberal senator
Joe Biden Senates 3rd most liberal friggin senator
Harry Reid Senate Majority Leader – a friggin liberal waste
Nancy Pelosi Speaker of the House – friggin pathetic
NOBAMA!!!!!!!!!!!!!!!!
NOBAMA!!!!!!!!!!!!!!!!
NOBAMA!!!!!!!!!!!!!!!!
Ugh. Nice one J56D. Wow. Did you think that one up all by yourself? Or are you just regurgitating the propaganda puke that you’ve been spoon fed by the folks at fox news? Lol.
You sound as ignorant and brainwashed as some of the yokels at those McCain rallies screaming that Obama is an Arab.
It’s amazing how McCain in his desperate attempt to win the white house has become worse than Bush and Karl Rove when it comes to attack ads.
I lost any respect I had for McCain. He used to be a Maverick…NOT because he SAID so…but because of what he did. Now he is a pale shadow of that guy.
In 2000 Bush accused him of fathering an illegitimate black child and trashed him.
And McCain now uses the very SAME campaign advisors who did that to him.
Its sad really.
The Republicans can try all they want to link Obama with the radical views of reverend Wright or Ayers….but it won’t stick.
Obama is his own man.
The great thing about this thread is that it proves that Sirius XM clearly appeals to a large variety of people…Good for business!
Well, we could use some more women… How many people really subscribe for Oprah or Martha Stewart?
Friggin, here is my theory… Buy AFTER the RS is approved but BEFORE it is implemented. Because I believe it won’t ever need to be implemented. But the fear of it will drive the price down. By Q3-Q4 of 2009 Sirius should be above a buck without the RS. Assuming we aren’t diluted much more. Credit markets are unfreezing. Interoperable radios are coming. People will be buying cars by the middle of next year.
Even if the RS is approved Sirius would not have to be above a buck until Jan 2010. The expiration for actual implementation of the RS is December 2009.
You keep beating the anti-RS drum, but I think it is clouding your ability to see it as a potential opportunity. Believe me, I don’t want the RS. But if it gets a yes, I’m getting ready to take advantage of the opportunity.
spanyo – you may be right but you might want to watch what you wish for. If they get the yes vote on the RS they can pull the trigger at any moment they so choose. That would turn your “bargain” into a “blood bath”.
Agreed Straight. Unfortunately great reward would mean great risk here. I believe that they would use it only as a last resort or if they actually had a profit coming. Then mutual funds might actually want to start buying in.
But of course I could be very wrong. I want to buy more before this Q3 in hopes of a surprise, but I also hoped for a surprise at the merger and after Labor Day.
I can’t buy on anymore rumors. I think I need to buy on really bad news, in hopes that things finally can’t get worse. I know they could, but SIRI’s luck might actually change… someday.
Hey friggin the Republicans didn’t link obama to wright or ayers. He did and he hasn’t been man enough to explain it.
Typical friggin liberal democrat.
LIE & DENY – LIE & DENY
NOBAMA!!!!!!!!!!!!!!!!
NOBAMA!!!!!!!!!!!!!!!!
NOBAMA!!!!!!!!!!!!!!!!
J56D – YEEEEEEEEE HAAAAAAAWWWWWWWWW. Round ’em up!
spanyo – yeah, risk/reward. The only thing that sucks is pissing away yours (mine) last couple grand on a gamble. I’ve done that in Vegas a few times and wished I would’ve walked with something left. Oh well. We’ll see how it goes.
SPANYO…
Mutual funds have so many more bargains now with best of class in stock names.
I am sure we are on the bottom of their list if even on a the list.
They dont want 1.00 stocks when they can buy low MS APPL and other high price stock that are on their bottom of pps.
Man enough to explain it? MAN ENOUGH TO EXPLAIN IT???
After the RELENTLESS smear and fear campaign by the likes of Hannity on TV, Rush on Radio and the Republican machine played the Wright clips OVER and OVER and OVER again…forgetting the FACT that Obama wasn’t even THERE for that sermon….
Obama came out and gave perhaps the most eloquent and INTELLIGENT speech on race relations you’ll likely to hear in modern times.
I don’t know how old YOU are, but this was my generations version of Martin Luther King.
Obama didn’t try to spin, or package his response in a quick surface sound bite.
Oh no. He TALKED to America and not down to them. He talked openly and honestly about race.
And when Wright(who comes from a different generation and is filled with rage) said more hurtful things…Obama denounced him.
Obama IS NOT Wright.
The issue died. Because the American public was sick of the distraction and feeble attempt by the Republicans to beat a dead horse.
Then they tried to do the same thing with Ayers. Totally glossing over the fact that Obama was 8 years old when Ayers did what he did. Forgetting to METNION the FACT that Obama worked in a group of MANY individuals when he met Ayers which INCLUDED many top ranking Republicans.
No. They(with the help of Fox) just said those “key” words over and over and over. TERRORIST. OBAMA. AYERS.
It’s all bullshit. Any intelligent person can see.
But what do you expect from Fox. Where a “newscaster” actually queried wether the Obama “fist bump” was ACTUALLY a TERRORIST HAND SIGNAL!!!!
You can’t make this shit up.
If ONLY the Dems played as dirty. The only difference would be that the Dems wouldn’t have to MAKE SHIT UP. They could have gone after Bush relentlessly for the crimes hes committed.
So go on chanting your “NOBAMA” mantra.
It’ll do you NO good. Obama WILL win. And he will win HUGE. The people are tired. Tired of the same old crap and Republican lies.
I find it so funny that aside from their rich oil buddies, the vast majority of their supporters are angry poor white trash too stupid to realize that they SHOULD be angry with BUSH and the republicans. But being so angry, they’ve been duped into blaming BLACKS, the Dems and anyone else BUT the Republicans for their ills.
The Republicans have effectively used FEAR and ANGER to exploit them and direct that anger away from Bush. These people confuse American patriotism with the Bush war machine. The Republicans have fixed it where ANYTHING Republican means good…and anything Democrat means terrorist.
Alot of people were swept up in the post 9/11 horror. But now they realize that Bush exploited that tragedy for his own agenda.
He TOTALLY and completely abandoned the pursuit of Osama Bin Laden…and directed the countries anger onto Iraq. Even going so far as to say “OSAMA WHO? I DON’T GIVE HIM MUCH THOUGHT!” when asked by a reporter if he had given up looking for him.
There is so much to be angry at the Bush administration and the Republican party for.
And most of America has woken up to that.
Except for some lone brainwashed idiots. 🙂
When Sirius is on the verge of profitability mutual funds will be very interested. If the company got to $1 a share based on fundamentals then a reverse split to get it above $5 would not be such a bad thing. It would mean some interested funds could buy which would drive up the price more. Google has 314 million shares. A 10 to 1 reverse would bring Sirius to a similar number.
But if Sirius is close to a profit before the end of 2009 we may never see the RS.
Hey friggin,
You sure do like to rant and rave. Here are a few facts for you to check out. Show me the lies in the following.
1. Maybe friggin Obama was not at the church for that diatribe but he was a member of the so called rev wright’s church for over 20 years. Do you really believe that the clip that we have seen so many times was the only time the so called rev wright preached like that.
2. The friggin liberal democrats like to blame George Bush and the Republicans for everything but who has had control of the house and senate. Maybe you ought to blame friggin pelosi and friggin reid because they were the majority leaders.
3. Maybe friggin Obama was eight when Ayers was bombing and killing people but how old was Obama when Ayers was bragging about it after 911.
4. Is the following link friggin Obama or is it a Republican Obama look alike orchestrated by George Bush.
http://www.youtube.com/watch?v.....&NR=1
Anxiously awaiting your rant errrr reply.
It’s time to open your eyes to the truth and not more lies and denials.
Whew. Im glad we didnt start talking politics here. If we did, I dont know how heated this discussion might have gotten…
J56D – Don’t take any offense but I’ll bet you drive truck, weigh over 300 lbs, chew tobackie and own a bunch of guns. You do use good
grammar however so I could be totally off base.
Just kidding. But anyways, to blame the dems for all of this is a little too much considering they’ve only controlled for the last 2 years. The snowball of crap was going to tumble down no matter who was in control based upon things that have been in motion for 2 decades starting with the massive debt we brought on during the Reagan years. Do some studying up.
And by the way, the war wasn’t because of WMD’s. Saddam was moving towards selling oil in Euro’s which would have collapsed the US dollar. Do you think anyone would have approved the war based on this? No. We needed something much more powerful like the B.S. WMD’s.
For the record, I tend to be more of a libertarian and constitutionalist than democrat or republican. That being said, the platforms of the more conservative candidates tend to be the closest to my own thinking in terms of government, liberties, taxes, etc.
Being from a very liberal state such as Massachusetts, I see first hand what happens when one party (regardless of which party) gets too much power. The state government in Massachusetts, being over 90% democrat, is a virtual joke because there is very little balance of power. I am sure the same is the case in states where republicans dominate.
In the end, I would like to see the government have less input on my life. I will vote for candidates that, in theory, align the closest with my beliefs.
I was aand still am fan of Mitt Romney, and had the financial crisis happened during the primaries, Romney would have been a presidential nominee (in my opinion). While he is in the republican party, he gets more towards what I believe this country needs.
I have seen many people come through the office who after getting their taxes done complain about the size of their tax refund. What is amazing is that some of these people did not pay a thin dime in taxes, still get a refund, and then complain. They pay nothing, get money back, feel like they are poor, yet year after year do nothing to change their situation. Who pays the taxes in this country? Look, and you may be surprised (from 2006).
Top 1% – Incomes above $388,806 – 39.89%
Top 5% – Incomes above $153,542 – 60.14%
Top 10% – Incomes above $108,904 – 70.79
Top 25% – Incomes above $64,702 – 86.27%
Top 50% – Incomes above $31,987 – 97.01%
Bottom 50% – Incomes below $31,987 – 2.99%
If you make $64,000 or more, you are helping pay 86% of the tax in the country! How much more is this group supposed to be responsible for?
I will always give Bush 43 credit for two things…
1) Helping to make it possible for Sirius and XM to merge.
2) Helping to end racism… by doing such a lackluster job that droves of people are actually considering voting for a black man for the first time in their lives.
If McCain picked Tina Fey as his running mate I would have actually thought about voting for him.
Hey Getit,
I drive a SUV and not a truck.
170 lbs.
I don’t chew or smoke.
The only gun that I own is a 1851 pistol made by Star Industries that doesn’t fire.
Thanks for the grammar comp.
I live in Connecticut (a very liberal state, I wish that Sarah Palin was our govenor).
I am a Cincinnati Reds fan surrounded by rabid New York Yankee and Boston Red Sox fans.
I am also a Buffalo Bills fan surrounded by rabid New York Giant and New England Patriot fans.
I am a registered Independent.
I have voted for both parties.
I would vote for Colin Powell or Condoleeza Rice in a heartbeat even though Powell came out and supported Obama.
I agree with Tyler about Mitt Romney.
I don’t think that this election would even be close if McCain had picked Romney as his VP.
My Dad and I used to get in loud (to put it nicely) political or whatever arguments at the dinner table. My Mother used to get irate at both of us and at times would even leave the table. She would even get madder at us 10 minutes later when we would be laughing or joking about a completely different subject. Especially since she claimed that we ruined her dinner. How could we kid around after such a heated argument? She finally realized that we both enjoyed the debate and that either one of us could take either side of an argument, just to get the other one going.
My Dad died shortly before 911 and I really miss those arguments, debates or whatever you want to call them.
frigginregan – I hope that you eventually start to see that things aren’t always as cut and dried as the spin doctors make them out to be. I also hope that you are right about Obama should he happen to win.
Tyler it was refreshing to go off topic.
“I contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself by the handle.”
Winston Churchill
J56D – Thanks for the insight. One last question – how do you propose we pay for all of the stuff we’ve been so wildly overspending on the last 8 years and more so the last 28 years? The Chinese and others will at some point stop lending to us. Our “credit card” is tapped, over the limit.
And if your answer is we stop spending and leave the poor and middle class behind we are in for some deep pain but maybe that’s what is required anyway. And if that’s the case our concerns over losing 100k in SIRI stock will be the least of our worries.
A good start would be to elect John McCain and Sarah Palin.
I believe that a McCain victory would be the start of more accountability in both government and the private sector. I also hope that this would lead to more personal responsibility which I feel is sadly lacking in our country. No, I am not advocating leaving anybody behind but this country was founded by individual initiative and not by the eternal “what about me”.
I live in the tax & spend – tax & spend state of Connecticut. We have basically taxed businesses, job growth and people out of our state. I must know of 20 people who have retired in the past 5 years. The first thing that they did in retirement was to move out of state. The could not afford to retire in this state. The town I live in thinks that only a 6% budget increase is a cut in spending.
We have a governor who wants to protect us from billboards by having them banned. We have an Attorney General who tried to prevent the merger of XM and Sirius. Maybe in hindsight he was right but not for his reasons. Maybe its time to set some real priorities and not make everything a special interest group wants a priority.
I do not believe that bigger government is the answer. I believe that government should be a fall back in case of both national and personal catastrophes I would like to see a lot less government which I feel would lead to much more opportunity.
hey tyler, i was for romney also.
my vote will go to mc’cain/palin.
i kinda wish it was palin/mc’cain instead !
With all due respect J56D….if you’re sick of Bush, John McCain and Sarah Palin would not be a “good” start. They’d be MORE of the same….or worse.
In all likelyhood, McCain won’t make it thru his first term, and we’d be looking at President Pailn. Can you HONESTLY say you have CONFIDENCE that she’d be able to lead the nation effectively in the world we live in?
As a proud Liberal and independent, I’ve watched a McCain I USED to respect become the very thing he despised. His entire campaign is run by lobbyists. Hes become a shadow of his former self.
And as far as “BIG GOVERNMENT” is concerned….we wouldn’t be in the mess we’re in if Bush hadn’t removed so many regulations on Wall Street.
The way McCain tried to turn the economic crisis into a “show” was so transparent. And after all that, he just sat there in the meeting with nothing to say….while Obama laid out a detailed plan after he consulted the likes of Warren Buffett and others.
I just find it ironic that the party who is suppose to be about LESS GOVERNMENT has ended up being the party who is all about telling others what to do and how to live and taking away civil liberties. And talk about OVER SPENDING. Clinton left this country with a record surplus. Bush has left it with record deficits.
I agree with you about Colin Powell. But Condy Rice? Are u serious?
Doesn’t McCain scare you? Cause he sure as shit scares me.
Doesn’t the thought of president Palin actually make you even MORE frightened?
The fact is, he is going to lose, and hes going to lose big. And thats a good thing. 🙂
Can we go back to talking about Sat Radio now? This was fun tho. 🙂
Spanyo…
I would not call a RS an opportunity especially with Sirius stock.
If the stock had no history of being preyed upon as a naked shorts wet dream, had no history of manipolation by hedge funds, and lending institutions such as GS that have alternate motitives, I still would not be in favor of a RS.
A RS indicates a company is mismanaged.
Because Mel made a bad loan decision, he can work his way out of it as far as I am conecerned.
With SiriusXM a reverse split would accomplish a few of things.
As soon as the reverse split was announced the stock price would dive.You are already saw that, and will see it again, if they got approval and tried to implement.
Sirius completes the RS and then issues more shares to pay off loans, a LOT MORE SHARES.The stock price dives again
The shorting begins, the nakes shorting begins,the stock price dives again.
SiriusXM needs to service the debt by reducing costs, re-negotiating content agreements,increasing sales, etc. companies need to work their way out of debt.
Think about this, SiriusXM would reverse split take away shares,—- Then turn around and print more shares. What’s wrong with this picture?
This is good mangement?
No it is not good mangement.
We need to say STOP,and stop diluting share value. No RS
Spanyo, to me an RS is a sign of a complete failure of mangement.
On the bright side.
I do think that we may get the Feb note serviced favorable.
May and Dec also with extended terms we can live with.
If Mel pursues a RS I would join a class action suit.I also think he can work is way out of having to do a RS and he is close to doing that.
I don’t think we will see .25 a share again. We are going up from the start of the 3qtr cc.
imho
vaporgold
Vaporgold….truer words have never been spoken. You’re right on about a RS and what it would do.
It boggles my mind that both Tyler and Brandon have come out in STRONG support of a RS.
Anyone currently holding shares should be against a RS….ESPECIALLY considering Sirius’ track record with the shorts and naked shorting as Vapor points out.
Not only would you be giving up your shares times 50….you’d then LOSE value further as the shorts ripped the new post RS stock price to pieces….WHICH THEY WILL.
ANYONE who believes OTHERWISE is totally deluded.
Mel got us into this mess with the debt deal…HE CAN GET US OUT by cutting costs and growing the company. Simply inflating the price via a 1 for 50 RS at this stage would simply be SMOKE & MIRRORS. The shorts would see right thru it.
And so should we.
It isn’t a fix. Not even a TEMPORARY one. The anger we felt at the FCC and the NAB would pale in comparison to the anger we’d feel as shareholders if Mel did this.
He JOKED about paying off the debt himself. He better start getting Serious about that then….because we’ve already given him ALL our money. He can’t have anymore via a RS.
Vote NO on the RS. Send Mel a VERY CLEAR message that the buck stops here. We voted yes on the merger…and LOOK what good that did us. We gave Mel what he wanted, and he sold us out to close the deal.
He ain’t getting my vote on the RS thats for damn sure. 🙂
I found the following post on the Sirius Yahoo Board. Yes, I know…not the best place for unbiased views. But sometimes it’s good to see what the shorts and bashers are thinking.
The following excerpts are from the post titled
IF A REVERSE SPLIT OCCURS:
It will be the easiest short on the board.
IF????
Look at the numbers. If they are talking about it, they will do it. They need your approval to do it. You are delisted if you don’t. No way the shorts will let this go over a buck again.
If a BK occurs???
SIRIUS SATELLITE RADIO INC bonds are trading @ 37.50. (Face value is 100.)
That’s bonds, up the liquidation preference scale.
The bond price is the single biggest indicator of an imminent BK. If creditors had the slightest faith that they would be paid back in full, with interest, the bonds would be trading over 90. Bondholders sell because they can’t endure 2-3 yrs. in BK court until the company is reorganized and they get their distribution.
This thing is toast, IMHO.
I agree.
I think the reason why some of the reason why bondholders have been converting to stock at a loss is so that they can sell the equity on the open market.
They can’t really call the bonds as SIRI does not have the money to pay for them. Calling the bonds might force SIRI into bankruptcy and if they aren’t the senior bondholders, they might get nothing.
You can’t get blood out of a stone.
The bondholders are willing to take a small loss now instead of being hit with a big loss (BK) later.
Friggin..
If I was Mel I would send negoating teams back to every content provider we pay and try to get a reduction. The amount of the reduction would be based on the total amount we needed in the plan along with cost reductions to speed up the time table to get the company profitable.
There has never been a better time to do that then right now. With the economy the way it is right now many would understand.They would not like it, but they would understand.
They would also understand that a 10% to 15%reduction in the amount of money being paid to them by SiriusXM, is better then no money at all if the company went BK.
Three to five years from now they may even be getting more then they are now.
Content providers from Stern to Oprah to NBA to Nascar and all the rest need to work with us for continued growth in the future.
Every company has a Right to a profit, without it they will cease to exist.
SiriusXM has made many of them very very rich, They have to understand that the high fixed operating costs of SiriusXM has to be met if we are going to grow together in the future.
imho
vaporgold
You guys have some great ideas and share some great info.
I do have to admit that the beating I’ve taken in SIRI has left me with one choice if they decide to RS and that is join the dark side and short the living daylights out of the stock to try a recoup my money.
As some others have mentioned it’s the only way to try and get back some money. It’s unfortunate to have to do this to a company I love, but if you can’t beat ’em join ’em. With a reverse split we’re headed to 0 anyways.
Froggen…..
Tyler has come out in STRONG Support of a reverse split?????
I am not a fan of reverse splits at all. I do recognize that there are a few opportunities to do them and pull it off. IMO they could have done it rigth after the merger. The economic times will see several companies doing a reverse split. A good company with strong financials can weather the reverse split storm. IMO SIRI is a good company, but there are a bunch of question marks about the financials.
I would not characterize myself as a supporter of a reverse split. If the stock price is too low, and the company is about to be delisted, I would then be a staunch fan of a reverse split, as there would be no question about whether or not it is needed.
What I have tried to convey in articles I have written is that people look at these issues from many perspectives. I try to identify the negatives and positives, and see which side outweighs the other.
Hi, am new to this board. Enjoy reading posts on this board. I am a SIRI long. Own approx 50K shares at an average of about $2.50. Its been an excrutiating ride so far. Hope the Q3 CC has some positive news. Will not vote in favor of the RS.
We can go to zero just as easy without a reverse split. I think ya’ll are making too big a deal out of it.
Yeah Doobz26 – But wouldn’t it be much more fun with billions more shares outstanding and a higher starting price. We could really make some cash then.
With all due respect Tyler, wether you are a fan of them or not, you’ve said several times recently that you think it’d be for the best. Even AFTER the SEC suspended the delisting rule.
At least this is the impression I got from your articles and on your radio show in the last couple of weeks.
You never ONCE mentioned the FACT that SHOULD a 1 for 50 RS be approved that the shorts would RIP OUR SHARES TO PIECES.
Which is so true. And how anyone who currently holds shares wouldn’t come out STRONGLY against that baffles me.
I totally appreciate your site, and I DO feel you write well about ALL points of view.
It’s just that I haven’t read ANY outrage from you concerning the possibility of a RS and what it would mean to current shareholders.
I am just shocked that your confidence in the company has blinded you to what the shorts will do to us after a RS.
You of all people should know what the shorts have done to this stock. If a reverse split happens before the debt is completely settled or the company has a chance to blow away some Quarters…..current shareholders and longs would be WIPED OUT. I can’t stress this enough. I feel it in my bones. And I’ll be damned if I’m going to roll over and give my shares to the shorts.
It is for this reason alone that on principle alone I’d rather see Sirius get bought out, or go Bankrupt than give the shorts the satisfaction of taking me out.
SERIOUSLY.
This stock has become so divorced from the company itself. If it declared BK the company would survive. The product that we know and love would go on.
I am so strongly against a Reverse Split that I just wish you(Tyler) were more vocal about it too. Thats all.