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Did you think that they wouldn't try to put a bearish spin on this too?
http://www.multichannel.com/article/...Up_Analyst.php
Liberty/Sirius Would Hurt DirecTV Roll Up: Analyst
Collins Stewart's Egan Calls Deal "Highly Unlikely"
Mike Farrell -- Multichannel News, 2/12/2009 2:18:03 PM MT
Liberty Media's reported moves to invest in or acquire satellite radio giant Sirius XM Radio would have a detrimental affect on the content giant's stated plans to roll up its interest in DirecTV, Collins Stewart media analyst Tom Eagan said in a research note Thursday.
According to reports in The Wall Street Journal and The New York Times, Liberty chairman John Malone is mulling whether to become a white knight for Sirius, which faces a $175 million debt payment next week. According to both papers, Malone has been in talks with Sirius CEO Mel Karmazin about a possible investment or buying the company outright.
Sirius, which merged with its satellite radio rival XM Satellite Radio in July, has struggled with heavy losses and a plunging stock price over the past several months. Last week, it was revealed that the sat radio giant had rejected a buyout offer from EchoStar Communications chairman Charlie Ergen last year. EchoStar has purchased the bulk of a $300 million Sirius debt tranche, of which $175 million is due on Feb. 17. Sirius has indicated that it cannot make that payment and has investigated filing for bankruptcy protection or finding an investor.
While Malone could fit that bill, Eagan wrote that it is "highly unlikely," because Liberty is in the middle of transforming its Liberty Entertainment tracking stock into an asset-based security. One of the key components to that "hard spin" is rolling up and possibly increasing its 50% stake in satellite TV giant DirecTV Group.
Eagan wrote that adding Sirius to the Liberty Entertainment mix would only complicate a transaction with DirecTV.
"We do not believe that Liberty initiated the dialogue with [Sirius]," Eagan wrote. "Additionally, we believe DirecTV management does not want [Sirius] combined with its operations. DirecTV certainly does not need it. Their operations lead the industry."
Eagan added that the two other Liberty tracking stocks -- Liberty Interactive and Liberty Capital -- couldn't shoulder Sirius' $3.3 billion in debt.
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just hit 8 cent's the bid and the ask are at 8 maybe we see 9?:O
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calm down
While I'm sure some you are profiting from the jump from .05 or.06 to .08 or even .11 if it gets back there, I really would appreciate it if you didn't get so excited considering that many of us here are not day traders and unless this goes well beyond these levels, it really is annoying to listen to your glee over a one cent move, refreshing every 30 seconds to see your HUGE profits. I don't want to be bitter (but I am) and maybe it's just me but it's beyond annoying to come to a thread that I think is intelligent opinion but turns out to be short sighted day traders. thank you. No disrespect intended.
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umm im not a day trader dip shit it just means a big deal when a company that dropped 50% due to bk rumors starts climbing back cause if bk was the case it would not be climbing back, im not in a profit till over .15, plz dont shoot your mouth off, im going to follow this stock if it goes to .9 i will post that here as well, you dont like it? too bad.
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its not my fault you are down big on this stock and even the mention of its current price pissies you off, maybe you shouldn't be going on a topic thats based on the movement's and news of sirius throughout the day.
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Why so sensitive with so much rage? I apologize if my comments upset you and perhaps you are right. I will look for another thread for long term investors and/or folks who perhaps have a little different perspective than you. Best of luck to you.
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o look its at .085 now eat your heart out dmo
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Oh and .15 cents profitability for you puts you in the very small minority I would imagine of those investors coming to this site. But kudos for not losing a ton of money and having such a low cost basis. Thanks
