SIRI Intraday Updates for the Week of 2/02/09

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Originally Posted by SiriusHope

Once the February debt is paid ...ANALyists/talking heads will keep hammering us about the May and December debt...and they keep reporting about 2011 debt...seems they are hate mongers of siriusxm that want to see the stock stay in the basement no matter what positives continue to happen with this company.

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I'll put it to you and everyone else like this. If they get over this debt; its over. The economy will HOPEFULLY be back on the upscale and more so the money they will be bringing in will be so much cash that it will be like a can in the middle of the road being ran over by a Mack Truck at 65 miles a hour.

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Originally Posted by R-U-Sirius

I'll put it to you and everyone else like this. If they get over this debt; its over.

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It's over? Are you referring to February debt or all of 2009 debt?

http://thebuylist.com/Default.aspx?stock...

Sirius XM Radio Inc. (SIRI) 0.1309 +0.0109 (9.08%)
Stock Quote for (SIRI) as of: 4:00PM ET
Industry: Media
Popularity: #23
Stock Rating: 9.85

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Fund Transactions for Sirius XM Radio Inc. (SIRI)
Date Updated: 2/1/2009 12:00:00 AM (Updates performed biweekly and monthly)

QUANTITY TYPE SYMBOL FUND NAME
5,534,132 BUY JGPAX JHan@#$% Global Oppor A
John Hancock
110,490 BUY RYOCX Rydex OTC Inv
Rydex
7,412,800 BUY OPPAX Oppenheimer Glob A
OppenheimerFunds
-200,000 SELL MMELX MassMutual SelMdCpGrEqIIL
MassMutual
6,039 BUY EMM streetTRACKS DJ Mid Cap
State Street Global Advisors


BUY/SELL INFORMATION
Sells: 2%

Buys: 98%

Total Shares of (SIRI) Bought and Sold: 13,263,461

- 4 fund managers bought a total of 13,063,461 shares.

- 1 fund managers sold a total of 200,000 shares.

[QUOTE=SiriusHope;11533]

Quote:

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Originally Posted by R-U-Sirius

I'll put it to you and everyone else like this. If they get over this debt; its over.

It's over? Are you referring to February debt or all of 2009 debt?

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Sorry for the misunderstanding. I was talking about if all this debt is paid off. There is no need to worry about the 2011 debt. I just can't understand what that debt got to do with whats going on now considering; if they get past this that debt (2011) could be paid off easily.

Tripp

Great info. That should spur some increased buying from money on the sidelines.

OK, what did you find? I need the readers digest version.
By the way tripping your energy here is unbelievable.

Why do you guys think Motley Fool put so much time into covering this stock? Especially if most of it is negative? Are they shorting?

possible pay off's from nab, most likely because it brings the reader's, siri is one of the top stocks out there volume wise cause it's so cheap and so well known, they know they will get more hits with a siri article so that means more ad revenue.

It's funny how much energy you have when you are not working :O

http://www.insidercow.com/history/in...&name=KARMAZIN

check it out

http://messages.finance.yahoo.com/St...&frt=2#4001032

full wsj article

Rick at motley fool seems to have changed his articles to be more positive towards siri. Probably thinks they have driven the price as low as it can go and now wants some to the action or maybe they something we don't know?

im sure they are getting a piece of the action, once there buddies cover they will go long and then it will be omg siri pulled it off what an amazing story mel is such a genius

Sarah McBride (the author of the WSJ article) has always been negative on SIRI and has never been able to get her facts straight.

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Originally Posted by WSJ

By exchanging debt for stock in a series of transactions, Sirius has managed to reduce that debt to $174.6 million. Of course, that has diluted the value of each share, contributing to the rout in Sirius's stock price.

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The dilution to the stock under this financing did nothing to bring down the price of the stock. The majority of this dilution was done between 13 and 15 cents per share.

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Originally Posted by WSJ

The convertible bonds coming due bear 2.5% interest, but new debt to replace it would likely carry far higher rates, well into the double digits, given current market conditions. The money that will be siphoned off to meet the higher interest payments could have been ploughed back into the business to help it grow.

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There is only 174.6 million left due on these notes. Even if the interest rate were increased to 10%, that would add 7.5% interest, or 13 million per year in increased interest payments. That is not a huge sum by any means.

On the other hand, there are some positives in the article. It states that Sirius is in "advanced discussions" with new and old creditors. While highlighting the 4.88 billion lost in the 3rd quarter, at least she mentioned the 4.75 billion related to the impairment charge, meaning that in Q3, the company only lost 130 million, much better than any of the previous quarters. She did fail to mention the increasing synergies.

http://www.americanbulls.com/StockPa...ker=NASD&TYP=S

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Originally Posted by trippingthespeculatingpos

It's funny how much energy you have when you are not working :O

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I know what you mean.... Lots of time for stock research....

Good Luck today Dude....

I will be here on the side....No gym

Dow futures looks better today...keep your fingers cross!

CNBC just reported...
... CEO Jamie Dimond claims that JP Morgan has renewed and /or loaned out 100 biliion $$$ since bailout money was received...let's hope that SiriusXm is part of that and we hear that soon.

looks like we might get to .14 , thx tony, i onyl have 2 positions right now and i feel really good bout both.

It's at 0.14 now.. something going on?

just a good ole fashioned siri rally, lets see how long this lasts, it looks like a big one too me.