Please post links with articles........here is the link for this one.
http://www.bloggingstocks.com/2009/0...irius-xm-siri/
Quote:
Originally Posted by Sworntwofun
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Please post links with articles........here is the link for this one.
http://www.bloggingstocks.com/2009/0...irius-xm-siri/
Quote:
Originally Posted by Sworntwofun
It seemed like a gift.....
http://farm3.static.flickr.com/2208/...874cfe.jpg?v=0
For many it has been a heavy burden holding Sirius.....
http://farm3.static.flickr.com/2278/...aa2556.jpg?v=0
The market is in free fall today, and yet Siri is holding
or in slight appreciation.
Like I said yesterday, the drop to .11 is a buying opportunity.
The market has analyzed Echo/Ergen's move and has sifted
fact from rumor. Otherwise, it'd be dropping today moreso
on the market deciding that bankruptcy was a more likely scenario.
Granted, no one ever said Siri was a blue
chip. We all know better than that. (Gee, I didn't get my
dividend check this month, must've gotten lost in the mail!)
Well, Siri's not that kind of company. It is pure speculation,
based on long term growth, with high start up costs. Having
said that though, once the 17th rolls around, 11 cents
a share may be a thing of the past. It's only there now, I submit,
due to negative WSJ spin, and the market taking a beating
today. Otherwise, I believe it'd be a few points higher based
on the rational thinking recovery (via post news fact gathering
re Ergen, Murdoch, Echo, etc.) taking place post WSJ negative
spin.
HELP! Can't see anything now.......
http://farm3.static.flickr.com/2087/...38aa77.jpg?v=0
OK, a quick question which may have been answered elsewhere: The bonds are due on the 15th, a Sunday. Does the payment shift to Monday the 16th instead?
Since Monday is President's day, the payment actually shifts to Tuesday, the 17th.Quote:
Originally Posted by bananaz
I just bought another chunk of SIRI @ .1125 with the cash I deposited in my account yesterday...
I think that SIRI's advertising efforts are going to pay off in the Q4 report....
http://farm1.static.flickr.com/118/3...dca617.jpg?v=0
Let it be said that Demian started the rally with his latest purchase! I also bought some more this morning at .1115
I've got more clarity now.....
http://farm1.static.flickr.com/56/12...4621fc.jpg?v=0
SIRI closed up 3.55% @ .1139 with the market bloody red and the DOW down almost 400 points. Volume has decreased back down to about 38.7 million...
P.S. - For the record......I was joking about SIRI's advertising efforts. That was a joke and my attempt at humor.
Demian must have gotten a new camera for Christmas.
Nice work.
Don't quit your day job!..............Quote:
Originally Posted by Demian
.................Only kidding also!
http://www.bizjournals.com/washingto...9/daily34.html
Tuesday, February 10, 2009, 3:11pm EST | Modified: Tuesday, February 10, 2009, 3:24pm
Bearing Point on Yahoo danger list
Washington Business Journal - by Darlene Darcy Staff Reporter
"Also on the list is Sirius XM Radio (NASDAQ: SIRI), which still has XM operations in D.C. following last year’s merger between the two satellite radio companies. The stock price at Sirius XM, which has not been able to shore up its cash position and get profitable, is down 96 percent, according to Yahoo Finance. If the company can’t repay or refinance debt due in ‘09, the music stops leaving Sirius without a chair unless a buyer steps in. Echostar, the Englewood, Colo.-based TV satellite company that bought up significant portions of debt at Sirius XM, was rumored earlier this month in Wall Street Journal reports to be a potential suitor."
http://www.mffais.com/siri.html
Not sure if this has been posted yet. Some interesting fund activity. Goldman Sachs added more than 7 million more shares - increasing their position by 160%
And Ameriprise Financial is now the largest institutional holder with more than 170 million shares. Perhaps they held some of the Feb converts that were swapped out for equity.
There is a little radio shack store near me in Marathon, Florida Keys.
They have a very nice SiriusXM display right next to the checkout counter, about 6 feet wide and floor to almost ceiling. A lot of different radios are on display and one can fiddle with them. Different channels are playing every time I go in the store, which is probably every couple of weeks.
Every time I go in someone is playing with or looking at the radios. I asked the salesman if he is selling any of these and he said "quite a few".
I didn't pin him down for specific numbers.
Keysmark
http://www.mffais.com/siri.html
Ameriprise Financial Inc Institution 2008-11-10
174,858,091 shares
No Change
Apollo Management Iv Lp Institution 2008-11-13
91,857,857 shares
No Change
Price T Rowe Associates Inc Institution 2008-11-14
84,673,669 shares
Added More
Oppenheimer Funds Inc Institution 2008-11-14
83,658,086 shares
Added More
Barclays Global Investors Uk Holdings Ltd Institution 2008-11-12
82,359,262 shares
Added More
Vanguard Group Inc 2009-02-03
81,317,278 shares
No Compare
Jennison Associates Llc Institution 2008-11-14
61,931,684 shares
New Holding
Intrepid Capital Management Inc Institution 2008-11-14
38,195,013 shares
Added More
Clearbridge Advisors Llc Institution 2008-11-13
33,976,242 shares Sold Some
Fmr Corp Institution 2008-11-14
24,983,371 shares
New Holding
Tiaa Cref Investment Management Llc Institution 2008-11-14
23,170,362 shares
Added More
Gateway Investment Advisers Lp Institution 2009-2-09
794,403 shares
Added More
Goldman Sachs Group Inc Institution 2008-11-19
11,244,513 shares
Added More
Is this a new purchase? The date shows 11/08... Would be great if it were new....Quote:
Originally Posted by winagain35
CNBC just flashed that Siri is working with advisors on a possible chapter 11
For crying out loud.....
http://www.nytimes.com/2009/02/11/te...ref=technology
Sirius XM Prepares Bankruptcy Filing
By ZACHERY KOUWE
Published: February 10, 2009
Sirius XM Satellite Radio has been working with advisers to prepare for a possible bankruptcy filing in a move that could put pressure on satellite company EchoStar, which owns a substantial amount of the company’s debt.
Sirius has been working with the restructuring expert Joseph A. Bondi of Alvarez & Marsal and the bankruptcy lawyer Mark Thompson of Simpson, Thatcher & Bartlett to help prepare a Chapter 11 filing, peole close to the company said. The documents and analysis are close to being completed and a filing could come within days, according to a source familiar with the matter.
Sirius has also been working with investment bank Evercore Partners.
Charles Ergen, who controls a satellite-television empire including the Dish Network Corporation and EchoStar, recently acquired the majority of a $300 million tranche of Sirius debt that matures next Tuesday.
Since the news about the debt purchase has emerged, questions have surfaced over whether Mr. Ergen will make a bid to purchase Sirius. The threat of a possible bankruptcy filing could force Mr. Ergen to make a formal offer for the company now if he doesn’t want to go through an auction in bankruptcy court.
It could also compel Mr. Ergen to agree to convert his debt into an ownership stake in Sirius at a higher price than he originally considered.
http://www.nytimes.com/2009/02/11/te...ref=technology
Sounds like a threat to force Ergen's hand. This is a scary game.