So any Pre-Market excitement?
Printable View
So any Pre-Market excitement?
Barrington Rates Sirius XM As Market Perform
March 9, 2009 (9:18 pm) Tyler Savery
Barrington Research issued a report on Sirius XM Radio today that highlights the recent Liberty deal, as well as the upcoming report. The firm, in light of what has transpired sees down-side as lower than before, but in light of dilution, rates the company as market perform.Downside Risk More Muted, but Upside Diluted; Reducing Rating
SIRI plans to release Q4/08 and full-year 2008 earnings results on March 17,
2009, with a conference call to be webcast at 7:00 a.m. CDT. Our EPS estimates
are for a loss per share of $(0.06) for the quarter and $(0.23) for the year.
Consensus estimates are $(0.07) and $(0.30) for the same periods, respectively.
S162, Homer, Rel.... Did you see this? Can you elaborate?
Only 156K shares traded at a rough est average 0.1498Quote:
Originally Posted by Gallep
Thin volume. They keep swapping out blocks at .1498 to .15 back and forth.
Rest of the world seems to have had a good day, maybe the US of A will follow. Futures seem to indicate it.
Quote:
Originally Posted by Wirestripper
>>When I see a few more folks pump it full of money and leave in disgust, only then do I pull the trigger and claim the seat for my own. This due dilligence works for me quite well, but not always.<<
Very smart!! And your heart story is amazing. whew...life is strange isn't it?
edeyoung99...Quote:
Originally Posted by edeyoung99
I opined about this over on the article...
Thanks S162....
just sirius...Quote:
Originally Posted by just sirius
If I understand your question correctly, I would first correct that the just extended to May of 2010 $250M facility is a revolving bank facility with JPM. This was inherited by Mel in the XM deal. One of the contingencies in the Malone deal was that this facility was able to be extended..which it is, now one year. The other May XM facility Mel inherited was the $100M Term loan with UBS. This is the one that Malone is assuming and I believe that loan, like the others are not due in 2010 but either 2011 or 12 depending (I'm not sure that detail was released yet since it was in phase 2 but that would be my assumption). All I recall reading so far was that he was intending on assuming the loan. As far as what happens to the JPM $250 next May...because it was inherited and Mel's relationship with JPM (who per the 12/18 PPT were also used as a consultant on the refi package), it may be possible to extend one more time. 2 extensions are not uncommon in other like situations I've seen (as long as payments are being made and company is performing on metrics). Right now, that would be my first guess on Mel's strategy in May of 2010. With no other debt due in 2010, everything else starts in 2011. However as you say, if this company is to remain public (could still wind up going private by then), there will have to be some kind of paydown strategy in place at least by mid 2010 (one would assume!) since in 2011 the Honda Dec '09 Notes are now pushed to there as now Senior Secured and Sirus SR has about another $250M due then too. If JPM gets extended once more...etc..etc..you get the picture. Look, even though their debt issues are right now alleviated and pushed into the future, the truth is they have a near insurmountable mountain of debt waiting for them in their not-so-distant future. How this exactly is managed going forward, I will not care to opine upon just now. Too many possibilities in the mix. I'm just glad they got this reprieve for now, which will enable Mel and Co. a chance to put in some solid time actually growing this company rather than spending every waking minute trying to negotiate a refi deal and staving off imminent BK...IMHO..
gotta run today...bbl..
looks like great C news today. Bernanke's M2M remarks also good to hear. We are near a bottom guys. This thing's gonna have to turn around short-term very soon if not today (a for-real turn around that is!!) later :sunny:
just sirius, I think the 25 million per quarter is more then doable. I think Mel would not have agreed to it if it wasn't. Also as sl62 has just said there comes apoint in time were you have to start to pay off the debt when there is that much compared to the size of the company. I actually like the fact that I see they are going to be paying it down. It will make it alot easyer to get other refinancing in the future.
bout time for siri to peform its patented routine the "insta-drop", where we go from heading in a slow and steady upwards movement to immediatly being thrown into a free fall.
Ha, i was thinking the same thingQuote:
Originally Posted by trippingthespeculatingpos
Is it gonna turn around? Im starting to wonder. Ive not been in this stock for as long as most of you, but since Ive owned it ,there is always some next event a couple weeks or a month out that the shareholders have to wait for before stock turns around. When that time comes, nothing happens. How many of you investor savy people would have guessed we would looking at a red number 2 days after 09 debt was totally taken care of. My guess is 0.
When the market is down everyone says thats the reason. Now the market is up, and we are down. People said it was BK scare, that was removed the first time, notta. Then everyone said that is wasnt really removed so of course the stock is down. Well, that is really removed and notta again. Shorts have left in large numbers, nothing happened. Gaps being filled, meaningless. Now the shareholders are waiting on the 17th? Ill make a bold prediction, nothing is going to happen. Its really not bold at all, but based on every major even that has happened with this thing since it has been skimming bk.
I want nothing more then this thing to take off. I want to look like an idiot for wondering if it ever will. I own just over 40k shares of siri and I paid for them all. Not alot for some of you, but plenty for me. As much as I like my sub, Im in this to make money. Period. Im starting to wonder if there is an upside to this thing, or if Killers dog will always be looking over the horizon.
Yes, Im frustrated, if your wondering.
i honestly think we are going up, it will just be at a snails pace till cc, then it all depends on the numbers.
4 more trading days till we see why Malone is confident in his investment. Also Mel can explain the companies guidance for the year. Stock apparently is not moving till the market sees COH and sub and churn rates. Cant say I blame them in this envirnment.All my spec stocks on my watch list have lost min 80% as well. SiriusXM diluted to hell, took on bad loans, etc...
Im looking forward to the report, and feel we may get good news soon. Mel has no reason anymore to aid shorts, or help keep SiriusXM plans secret anymore. Time to talk, and he will.
Quote:
Originally Posted by Lithium24
I'm with ya. What makes me sleep better at night is the simple fact that all the money I've tossed in SIRI ($2,245) has been considered a gamble and money spent for entertainment. It may not seem like a lot of money to some, but I’m a post graduate with a mortgage of a student loan and a tired economy that could care less about my degree. Don't get me wrong, I'm in it to make money as well. I've got plans for the money, but again it's all a gamble. And actually a better gamble then say a couple hours on a roulette table in Vegas, cause when you lose money there, you don't get to hang around the table for good news to see if your money is coming back to you:D
Took my DSX profits and I am going to put it all into SIRI. I have a buy set at 0.1465 and frustratingly enough, the stock recently dipped down to 0.1466 and now it's up to 0.148. Think I might readjust my buy to 0.147...
no reason why we cant break thorugh .15 again wqith the markets as green as they are.
Sure is nice to see Green on my monitor for a change.
It's all good!
I'm so confused... I put in probably 5 attempts to get the stock at .147 but it kept sticking around .148-.1489. One time I was even "declined".
So I say screw it, I change my buy to .148. Now it goes through, and the price it shows is .147! I will never understand this damn system.
Oh well, I'm all in now, SIRI is now my only holding! Time to roll the dice, good luck to everybody on the 17th. I should either be really happy or really sad on that day....
hey long hauler, i think the problem is a lack of sellers, i think most of what we see going on is just mm bullshit.