i think the spike to .63 was after cramer said that he expected .63 and it was totally random on no news.
the s&p spike took us to .42 if i remember correctly
Printable View
i think the spike to .63 was after cramer said that he expected .63 and it was totally random on no news.
the s&p spike took us to .42 if i remember correctly
yesh and the s&p spike happened a day after it came out if i remember right, wasnt immediate.
yes, i also remember a day lag on the news.
we are ominously holding the .368 .37 range and i ain't no chartologist but im willing to venture to guess that we are about to break out as we held .33/.34 for so long and then bam, last week it popped, worked its way back down and popped again, and again back down, except the .36 is holding and the s&p upgrade could do it tomorrow for a long stay in the .40's
you know what happens after something goes up and down alot...
lets say the debt gets cleared like they said it would with coh over the next 2 years...does this pic mean anything to anyone?
there has been a very nice pattern developing since thursday :D i won't attempt to analyze it but look at your 3 day or 5 day charts, and then the 1 month
Hey romo . . I been thinking about this for a while now . . I somehow wonder if that run-up wasn't due to a certain someone buying shares on the open market to try and further "stick-it" to Malone/Mel by screwing up the NOL carry-forwards . . . Ergen was left standing at the alter, still has an axe to grind . . starts buying shares . . Siri gets wind of it.Quote:
Originally Posted by imromo24
Remember the timing here . . basically, out of nowhere . . . the Company announces a "poison pill" provision . . straight out of left field; nobody saw it coming. Really, they could have put that provision into the original investment agreement with Liberty Media . . after all, it really is "protection" for Liberty. Check the timing on this but I believe the SP started to turn-down right after the announcement of the poison pill . .
I sure hope SXM didn't pay these guys in advance to launch one of the next satellites, because Sealaunch just filed Chapter 11. I recall Mel mentioning this company by name as playing a role in a future launch, but I don't know whether it's for the summer sat launch or what.
As long as they don't lose $, it won't be a big deal. There are other options for launching satellites.
“We want to assure our customers, employees, suppliers and partners that Sea Launch intends to continue to operate after the filing,” said Kjell Karlsen, president and general manager of Sea Launch. “Chapter 11 reorganization provides an opportunity for us to continue operations and focus on building our future plans. We are grateful for the continued support of our customers and partners while we focus on reorganizing for the future.”Quote:
Originally Posted by underway
i would have guessed the poison pill was before the run to .63 but actually the run was on 4-20-09 and the pill was on 4-30-09, 10 days later...
the s&p upgrade was 4-15-09
stock run to .63 4-20-09
poison pill 4-30-09
the last s&p upgrade approx. 4-15-09 stated:
this recent one saysQuote:
We believe the company could achieve significant operating cost savings, though it may be challenged to meet its financial target of exceeding $300 million in EBITDA in 2009. Still, debt to EBITDA would be very steep, at roughly 11x at year-end 2009, based on the company's debt balances at Dec. 31, 2008. http://www.istockanalyst.com/article...icleid/3196731
if being challenged to meet $300 million causes a spike to .63, what does changing your analysis to a favorable swing of MORE than $500 million do?Quote:
A favorable swing in EBITDA of more than $500 million into positive territory this year should be followed by substantial, additional annual gains.
Yup. That's why I think Mel et al had the lawyers scrambling to throw up a roadblock before Ergen messed-up Malone's NOL's . . . am just surprised that counsel didn't consider that possibility when they drafted the original investment agreement.Quote:
Originally Posted by imromo24
Once Ergen "got wind" of the Poison Pill (which would have probably been "whispered" to him before any public pronouncements) . . . he stopped buying. Even $0.63 was a bargain compared to what he was willing to pay for the whole shebang back in December '08.
Yeah, I hope so....but that's what companies always say. If the bankruptcy court doesn't think they can be restructured, they liquidate if no one buys the entity. The bankrupt company is not in a position to dictate whether they emerge from bankruptcy. Not their call. I just looked at the May 7 cc transcript for SIRI, and the good news is SeaLaunch relates to XM sat launch next year, not the Sirius sat launch this summer. If XM had already paid for it and chapter 11 is successful, no problem. If not, could be trouble.Quote:
Originally Posted by SiriusBuzz
another newswire
" Moody's: XM Radio Rating Outlook Remains Positive
Last update: 6/23/2009 4:17:05 PM
(MORE TO FOLLOW) Dow Jones Newswires (201-938-5400)
June 23, 2009 16:17 ET (20:17 GMT)"
not bad news, but be prepared for the bashers to use it as ammo lol
http://www.sec.gov/Archives/edgar/da.../c58004_8k.htm
"Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain Officers
On June 22, 2009, Jeffrey D. Zients resigned from our board of directors. Mr. Zients was recently confirmed by the United States Senate as Deputy Director for Management, Office of Management and Budget, of the United States and was required to resign as a director.
We have notified the NASDAQ Stock Market LLC that, due to the resignation of Mr. Zients, we no longer comply with NASDAQ’s independent director requirement for continued listing as set forth in the NASDAQ Listing Rules. We currently have fourteen directors, seven of whom our board has determined to be an “independent director” as such term is defined under the NASDAQ Listing Rules.
In accordance with the NASDAQ Listing Rules, we will comply with the independent director requirement prior to the earlier of our next annual stockholders’ meeting or June 22, 2010."
Quote:
Originally Posted by underway
I agree and it worries me also. It would be worse then having a satellite blow up at launch (at least then there is insurance). I would guess that any money prepaid is at jeopardy.
Well, so much for .40 today. :( Because I am not unreasonable, I am willing
to wait until Friday for it to reach the .40's. Then I'll cry. ;)
Julie
IRISH...a late happy birthday if your still able to focus:D, Julie.......40 should happen before friday, the upgrades have begun, analysts hate being late to the party. this pig is running downhill and can't be stopped no matter how many darts are shot to slow it down, GLTA...:)
Downhill? Isn't that bad, wouldn't we want to be headed uphill? Unless you are referring to speed and momentum...
I say we open at .38 tomorrow and break .40