i hear mel is going on cramer tnight. dont know how valid the claim is.
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i hear mel is going on cramer tnight. dont know how valid the claim is.
The DJIA is just an index and SIRI is not even part of that index. Follow the NASDAQ 100. SIRI is part of the NASDAQ 100.Quote:
Originally Posted by sxminvestor
Still, do not assume that because the NASDAQ 100 is red or green, SIRI will have to follow suit.
You are right, buy @ .20 or below .20 and let it trade for a while. Do not commit all your cash @ .20. Always leave cash in your account.
agreed, but, while a kid (siri) is still in their teens, you want to invest in their development, get them into the best college, etc; once into their 20s, it's a bit tougher, and a kid is in their teens only for a short time (not much longer, hopefully)Quote:
i just want to be out of the teens already, no reason to be there, siri is not a teenager anymore it needs to grow up, i know your 20's can be difficult but you gotta do it.
I sold some shares this morning, pre-mkt at .23.
I placed an order to buy them back at just over .12, in case SIRI decides to fill the gap created this morning.
What do you technical traders think is the possibility of this happening?
Thanks in advance for your replies to my question.
Keysmark
First off... I hear a lot of excitment that the 2009 debt is taken care of.. and I also saw that this was a very shareholder friendly deal. The only way it was shareholder friendly is the fact that SIRI didn't file for chapter 11. 40% dilution is NOT shareholder friendly.. but whatever. It's better than the alternative.. .or is it? I want to know what Ergen's offer was. Now to the debt. They did take out the Feb. debt. That is good... with about 180 mill left over to use for "working capital" and other expenses. Sounds like maybe they are short on cash? May debt is to the tune of $350 mill. Liberty says it will purchase $100 mill and offer another $150 mill loan to Sirius. That leaves $100 mill to be addressed. Now to December, only part of December was refinanced last week, leaving $260 mill to be addressed this year. So there is still around $360 mill of debt that needs to be taken care of... along with substantial payments to the NFL and MLB. And for the cash flow predictions... Sirius is not predicting free cash flow positive until 2010, $400 million. Check out the 8-K filed December 18, 2008. Pages 26 and 27 address the debt and page 38 will give you earnings and cash flow predictions. Here is the link:
http://investor.sirius.com/sec.cfm?D...panyCIK=908937
dont forget malone is going to sit on the board, he's not going to just watch them default on any loan's, there is going to be a wave of good sirius news coming up, hopefully it all happens this week, if not then for sure by next week.
Any guesses as to today's closing price?
I thought we'd be well in the .20's today. I am starting to wonder if this stock can reach a dollar by the deadline without a reverse split.....
Still glad no BK though.
Siri dissapoints once again, I had to fight to resist buying at open, I'm avg at .60, glad I did. I'm starting to think it's going to be a Looooooooooooong hold vs. just a Looooong hold. Sigh.
http://techfragments.com/news/457/Te...ankruptcy.html
"We are excited to be investing in SIRIUS XM. We have been impressed with the company, its operations and management team," said Greg Maffei, president and CEO of Liberty. "SIRIUS XM's ability to grow subscribers and revenue in a difficult financial and auto market is indicative of how listeners view this as a "must have" service."
give it time it will keep going up im sure, plus the markets are bloody as hell im sure thats holding it down some. Sirius likes to make big moves up pre market and afer houras then sell off during the day, i bet we see hod AH
am inclined to find validity in SO's advice -
between now and 4Q earnings,
are dollar days at siri
If you look at every single stock in your portfolio today, you will notice that EVERY single one, including SIRI went down between 9 and 10 this morning and then went flat for the remaining time. Currently, some are starting to try and move up, but it was an across the board trend. This happened on both the DOW and the NASDAQ.Quote:
Originally Posted by xitvp
If there hadn't been so much shitty news today, SIRI would be above the .20 mark. The point is - don't take SIRI as an individual stock performance price, because all stocks are in the same boat. ;)
Is Sirius the only stock on the Nasdaq that is in the green today?
No.....SIRI, Stem Cells Inc. and Seagate are positive right at the moment.Quote:
Originally Posted by Hughes
Who predicted the Terms?
And for all of you out there worried about dilution: THERE HAS NOT BEEN ANY! PREFERRED shares were issued. Technically, those are non-dilutional to the common shares. Yes, I know Malone has the option of transfering those preferred into common (and yes, it would be closer to 2.5 billion shares to bring total frloat to around 6 billion), but I do not see that happening any time soon. He already has two board seats. The ONLY way he would do this is if he were to make a play to take over the rest of the company, which he is not allowed to do for 3 years.Quote:
Originally Posted by The Oracle
As far as interest goes: Not as bad as it could have been. Their Dec 09 debt was already at 10%. Their 2014 det is sitting at 14%. My problem with this deal is that they are not actually PAYING OFF anything. I know funds are tight, but NONE of the debt is getting paid off, simply extended. I was hoping that with a deal they would at least retire some of it.
Oh well, going out of town for the week. Hopefully I'll have internet connection and be able to follow up on the deal. I will cancel my 0.35 sell order and place another one at 0.50 for 20% of my shares, just in case. I doubt it will get activated, but it is worth a shot.
Man, for the number of shares still being traded, this .17 price point seems to be rock steady. Looks like it might take a little more good news to pull more investors over from the Dark Side. I am assuming we will see another upward trend after hours. Hope Hope!
HEARD ON THE STREET: Drama Isn't Over At Sirius
http://www.djnewsplus.com/article/SB...Over+At+Sirius
3 minutes ago - Dow Jones News
Related Companies
Symbol Last %Chg
SIRI 0.158 50.62%
As of 3:34 PM ET 2/17/09
By Martin Peers
A DOW JONES COLUMN
The battle for control of Sirius XM Radio has proved to be the best radio drama in many years. And it isn't over yet.
Liberty Media Corp.'s agreement to lend $530 million doesn't guarantee Sirius stays in orbit. The broadcaster only received $280 million up front, with most of that used immediately to pay off $172 million in bonds. To get the rest of the money, Sirius has to persuade holders of $350 million in bank debt due in May to extend their debt.
Assuming that deal gets done - and if Sirius is no longer burning through cash in its operations - the company should have the funds to pay off the second big maturity this year, bonds due in December. The size of that maturity shrank to $228 million from $400 million Friday, when some investors swapped their bonds for 2011 notes carrying better terms.
Any hiccup in paying off these bonds could cause complications, as Charlie Ergen's EchoStar Corp. - which kicked off the battle for control by buying some of the February bonds that were redeemed Tuesday - owns most of them.
Of course, the agreements with Liberty and bondholders only defer until 2011-12 refinancing issues that confronted Sirius this year. The hope is by then an improvement in the credit markets, and Sirius' profitability, will make refinancing easier.
Even so, the upside for Liberty is more from a financial return than anything strategic related to its big stake in DirecTV. Liberty gets a 15% interest rate, $30 million structuring fee and decent security on its loans. Not to mention, should all go according to plan, an effective controlling stake in the company.
(Martin Peers is deputy editor of the Heard on The Street column. He has been a reporter and editor at The Wall Street Journal since 1999, most recently as deputy media and technology editor. He can be reached at 212-416-2305 or by email at martin.peers@wsj.com)
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/nae/al?rnd...6TGKKLHA%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
02-17-09 1531ET
Copyright (c) 2009 Dow Jones & Company, Inc.
I'm still feeling good about today's events and hope the rest of the week turns out like today.
Completely off topic: Is anyone else sick of that picture for the weight loss ad at the top of this page? I wish they would replace that AD with ANYTHING other then that damn stomach.
I just cant wait to hear that the MAY debt is taken care of as well as the Q4 results.
So now the negative spin begins again for at least 2 reasons.
1 - To let the shorts cover at lower prices.
2 - To let big buyers, funds, etc. buy at lower prices.
What else?