Comments on: Echostar Buys Sirius Debt: Takeover Thoughts or Just a Good Investment?

By: Big D

Big D — Wed, 01 Apr 2009 15:02:39 +0000

I think I’ll sell enough to recoup my initial investment ($600) and keep the other shares cuz I’m playin’ with house money then.

By: Eric

Eric — Tue, 10 Feb 2009 02:57:40 +0000

Oh don’t forget CRAMER!! Haven’t heard from him in awhile. Stopped watching after all that!

By: HCHOW12345

HCHOW12345 — Tue, 10 Feb 2009 02:56:57 +0000

I called Blalock today and asked him 2 questions:

1. What’s the co stance on the Ergen reports? He said no comment!

2. How much cash is on hand? He stated as of 9/30 the co had 360mil on hand that could be used various way!

I remember calling him b4 post 9/30 financials and he gave me lower amount.

If the co is supposed to be cash flow positive like the previous 2 years, shouldn’t they be able to pay the debt off with cash on hand?

By: J56D

J56D — Tue, 10 Feb 2009 02:34:10 +0000

George Bush – He has been blamed for everything else so why not this?

By: RMB

RMB — Tue, 10 Feb 2009 02:32:00 +0000

The WSJ is joke now that it’s owned by Murdoch. There is history between Murdoch and Ergen. I wouldn’t be surprised if Rupert was working to manupulate a potential deal between SIRI and Echostar.

By: DRALAND

DRALAND — Tue, 10 Feb 2009 01:18:59 +0000

Did Karmazin ‘tell investors’ last week that we needed to raise the money or go bankrupt, if not deal with Ergen ?!?
I don’t ever remember hearing this from management at SIRI, but do remember the WSJ speculating a whole lot about this being the possibility.
If indeed this was never said by SIRI management, do we not do ourselves a great dis-service by continuing to propogate MIS-INFORMATION ??!!
Be careful as this is just what our enemies want……………..

By: Sirius Roadkill

Sirius Roadkill — Tue, 10 Feb 2009 00:58:19 +0000

Hey Charles . . . I see a 9 year old kid just developed an iphone application . . .

nice work Mel, real fine work over there at SiriusXM . . . 9 year old kid outworks your whole R&D team; beautiful world

By: Sirius Roadkill

Sirius Roadkill — Tue, 10 Feb 2009 00:24:53 +0000

btw . . . here’s the current list of who’s fault it is for the current crisis (in no particular order):

The National Association of Broadcasters
The FCC
Commissioner Tate of the FCC
Michael Hartlieb
Goldman Sachs
Mark Wienkies
All the Analysts
Moodys (credit downgrades)
Standard & Poors (credit downgrades)
The Yahoo Message Boards
Charles LaRocca (lack of tech/innov)
The Wall Street Journal

Anybody I’m leaving out?

oh yeah, I forgot . . I guess the guy who runs day-to-day operations has nothing to do with it, right?

Poor-poor Mel . . . what rough patch’a luck huh?

psych 101: displacement

By: Sirius Roadkill

Sirius Roadkill — Mon, 09 Feb 2009 23:54:16 +0000

sorry Socal . . . that was not directed at you . . just unloading some pent-up frustration because of all the Mel apologists that are still out there.

By: Sirius Roadkill

Sirius Roadkill — Mon, 09 Feb 2009 23:51:27 +0000

Socal . . . same crap Mel pulled with the Midnight Massacre (ooh-ooh, NAB shopping for a friendly judge; ooh-ooh, I was really under pressure to get that financing done)

and all his other BS, even though he had 18 months to prepare. lets remember some of Mel’s brilliant business acumen:

The debt offering was extremely successful. In fact, it was “oversubscribed” (duh!)

- and when the street was too smart for that BS –

I’d much rather have the merger done than having waited 18 months and have it not done (or some other BS jibberish).

- and when the street was too smart for that –

We are working to refinance the debt “sooner rather than later” (that was in September ‘08)

- am I going to have to loan the company my own money? I certainly hope not -

It goes on and on . . . Mel will do what is best for Mel and Howard and Leon Black.

At this point, I hope Ergin sticks it up his a#% … the peanuts I have left out of a 6 figure position ain’t changing my life . . .

What goes around comes around . . . Mel Karmazin is either corrupt or incompetent. Take your pick.

Wanna argue marketing and innovation . . . please, lets not even go there.

This is not some unfortunate hand that Mel has been dealt . . Mel dealt the cards himself . . .