Sirius Weekly Thread Week 03-08-2010

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03-08-2010, 09:13 AM
SiriMonkey

Sirius Weekly Thread Week 03-08-2010

Good Morning :sunny:

Signs of economy recovering here in Michigan, at least in my small part
of the state. Spoke with a broker/Realtor last week. He told me sales
have been the best in 3 years. I went by the dealership (Ford) and was unable to say hi to my friend/salesman because he was so busy. Lots
of customers milling around. Contractors seem to be working more, at
least it seems from their checks.
And the biggest sign of recovery. The little kid who always knocks on
my door to shovel, even the smallest dusting, completely let the last
snowfall go. ;) Maybe I'm paying him too much. :D

And I know a post would not be complete without a weather report.
8, yes 8 straight days of sunshine!!! Temps in the high 40's, snow is
rapidly melting and the birds are singing. Even the annoying woodpecker
outside my window sounds happy.
Spring is here!

Hope you have a good week. :)

Julie
03-08-2010, 12:46 PM
SiriuslyLong

Quote:

Originally Posted by julietoo

Good Morning :sunny:

Signs of economy recovering here in Michigan, at least in my small part
of the state. Spoke with a broker/Realtor last week. He told me sales
have been the best in 3 years. I went by the dealership (Ford) and was unable to say hi to my friend/salesman because he was so busy. Lots
of customers milling around. Contractors seem to be working more, at
least it seems from their checks.
And the biggest sign of recovery. The little kid who always knocks on
my door to shovel, even the smallest dusting, completely let the last
snowfall go. ;) Maybe I'm paying him too much. :D

And I know a post would not be complete without a weather report.
8, yes 8 straight days of sunshine!!! Temps in the high 40's, snow is
rapidly melting and the birds are singing. Even the annoying woodpecker
outside my window sounds happy.
Spring is here!

Hope you have a good week. :)

Julie

Spring is here! I have to agree to Julie. We have run almost every weekend of this year. We actually didn't run one simply to give the guys a break.

SIRI is seeing a little red today. If BM is correct, and SIRI calls one of its bond issues, it'll be big news.
03-09-2010, 10:16 AM
proactiv

Good morning all,
Not much action here on the forum so far this week, as we watch the historical post-report decline. I'm thinking about buying in again soon.
Gee, I wonder if we should start a contest to see how low we can go?

Does anyone here believe we can see the .70's again in the next month?
03-09-2010, 12:38 PM
SiriuslyLong

Quote:

Originally Posted by proactiv

Good morning all,
Not much action here on the forum so far this week, as we watch the historical post-report decline. I'm thinking about buying in again soon.
Gee, I wonder if we should start a contest to see how low we can go?

Does anyone here believe we can see the .70's again in the next month?

I read some "news item" that reported resistance at 82. Today SIRI fought back a little. We know a delisting notice is forthcoming. That may very well help shread that resistance. On an upbeat note, two possible positives may emerge - the calling of 2013 notes, and re-signing Howard (debateable, I concede). Outside of that, the only thing to look forward to is the end of May for the 2Q2010 CC.
03-10-2010, 02:49 PM
Sirius21

Sirius XM Radio Started At Buy By BGB Securities

Sirius XM Radio Started At Buy By BGB Securities >SIRI
Wednesday 03/10/2010 11:50 AM ET - FW
03-11-2010, 01:24 AM
ruserious

Seriusly Long: I'm new here - help me. How do we 'know' a delisting notice is forthcoming since, as I understand it, an extension was granted on March 3?
03-11-2010, 04:16 PM
SiriuslyLong

Quote:

Originally Posted by ruserious

Seriusly Long: I'm new here - help me. How do we 'know' a delisting notice is forthcoming since, as I understand it, an extension was granted on March 3?

Welcome to Sirius Buzz. It is nice to have some fresh opinion.

I will not claim to be an expert, but it is my understanding that SIRI had until 3/15 to comply with the requirement of 10 days over a selling price of >$1.00, and that did not happen. It is my understanding that a delisting notice will be sent to SIRI, and SIRI has to let that be known to the public. It is speculated that SIRI will file for an extension, and this process takes a while. It is also speculated that SIRI may seek an exemption from this rule due to to its large market cap. Time will tell!!! Patience is a virtue.

I am unaware of any granted extension on 3/3. If you have a link, please do share.
03-11-2010, 04:18 PM
SiriuslyLong

Quote:

Originally Posted by Sirius21

Sirius XM Radio Started At Buy By BGB Securities >SIRI
Wednesday 03/10/2010 11:50 AM ET - FW

That lasted all of one day lol.
03-11-2010, 08:26 PM
Sirius Roadkill

Options Expiration Friday not 'til March 19 . . here is the calendar link:

http://www.cboe.com/AboutCBOE/xcal2010.pdf

I wouldn't expect the SP to move much above the current range until Monday 3/22 . . in the interim, if you are so inclined, good money to be made on the daily 4 cent swings :)
03-12-2010, 01:50 PM
proactiv

Welcome Sirius21 and ruserious

Welcome to you both! This a great forum with a lot of great people. In my time on this forum I have leaned that almost everyone here is friendly, outgoing, willing to share, spar, and enjoy humor together. Looking forward to seeing more of you.
03-12-2010, 02:49 PM
SiriMonkey

Quote:

Originally Posted by proactiv

Welcome to you both! This a great forum with a lot of great people. In my time on this forum I have leaned that almost everyone here is friendly, outgoing, willing to share, spar, and enjoy humor together. Looking forward to seeing more of you.

Would you like to name names on the 'Almost' Proact? That way we
can show these guys how we spar. :D

Julie

P.S. Welcome!! :)
03-12-2010, 07:19 PM
Sirius Roadkill

Revised Debt Offering: $800mm not $500

SIRIUS XM Radio Prices Offering of $800 Million of Senior Notes Due 2015

NEW YORK, March 12, 2010 /PRNewswire via COMTEX News Network/ -- SIRIUS XM Radio (Nasdaq: SIRI) priced an offering of $800 million of Senior Notes due 2015.

(Logo: http://www.newscom.com/cgi-bin/prnh/...19/NYTU044LOGO )

The notes, which were offered pursuant to Rule 144A and Regulation S under the Securities Act of 1933 (the "Securities Act"), will bear interest at an annual rate of 8.75%. The price to investors will be 100% of the principal amount of the notes. The company will receive gross proceeds of $800 million from the sale of the notes before deducting the initial purchasers' commissions and estimated offering fees and expenses.

SIRIUS XM will use the net proceeds from the offering to redeem all of its outstanding 9-5/8% Senior Notes due 2013, including premiums and accrued and unpaid interest thereon; to prepay in full all of its borrowings under its senior secured term loan that matures in 2012; and to pay fees and expenses related to the offering. SIRIUS XM intends to use any remaining net proceeds for general corporate purposes.