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  1. Demian is offline
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    11-26-2008, 05:01 PM #51
    This is my 1000th post......

    I think it might mean great things for SIRI ahead from this point on...

    I would like to thank Charles, Newman, Tyler, and everyone else for creating a great site and community.

    Happy holidays to all and remember to keep in mind the things you are thankful for on this Thanksgiving holiday....

    Demian

  2. Demian is offline
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    11-26-2008, 06:01 PM #52
    Funny how they release this now, right on the eve before the Thanksgiving holiday...
    I maintain my earlier statement that armageddon is priced in at this point.

    http://money.cnn.com/news/newsfeeds/...787a3213a1.htm

    S&P lowers ratings outlook on Sirius XM Radio
    S&P lowers ratings outlook on Sirius XM Radio to "Negative" on refinancing concerns
    November 26, 2008: 04:46 PM EST


    NEW YORK (Associated Press) - Standard & Poor's Ratings Services lowered its outlook on Sirius XM Radio Inc. on Wednesday over concerns about the satellite radio operator's ability to refinance its debt next year.

    S&P reduced its outlook on the company to "Negative" from "Developing" and affirmed its non-investment grade "CCC+" corporate credit rating. Sirius XM had $3.37 billion of debt outstanding as of Sept. 30, according to the ratings service.

    "The outlook revision reflects our concern over the company's ability to refinance significant debt maturities in 2009, amid persistently weak credit market conditions," said S&P credit analyst Hal Diamond.

    Diamond also said the sharp decline in U.S. auto sales and potentially weak holiday retail demand may hurt Sirius XM's subscriber growth and make it more difficult for the company to meet its near-term financial targets.

    He noted that most of the company's 2009 maturities are low-cost debt that may have to be refinanced at higher rates, further impeding discretionary cash flow.

    Sirius XM shares rose 3 cents or 19.9 percent, to close at 17.5 cents. The stock has traded between 14 cents and $3.94 during the past 52 weeks.

  3. Demian is offline
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    11-26-2008, 06:05 PM #53
    Seems to be holding up well in AH thus far...

    Sirius XM Radio Inc.
    Nov. 26, 2008 Market Close: $ 0.175


    After Hours Trade Reporting

    After Hours
    Last: $ .178
    After Hours
    High: $ .18
    After Hours
    Volume: 338,846
    After Hours
    Low: $ .1701

    After Hours
    Time (ET) After Hours
    Price After Hours
    Share Volume
    17:05 $ .177 3,000
    16:57 $ .178 3,000
    16:55 $ .175 156,035
    16:45 $ .178 2,000
    16:45 $ .179 5,500
    16:34 $ .175 500
    16:34 $ .178 1,000
    16:31 $ .179 500
    16:29 $ .179 1,000
    16:28 $ .179 1,300
    16:23 $ .179 1,057
    16:23 $ .179 5,000
    16:23 $ .179 3,350
    16:18 $ .179 2,000
    16:16 $ .18 100
    16:16 $ .18 900
    16:16 $ .179 5,000
    16:16 $ .179 1,943
    16:15 $ .1789 5,350
    16:15 $ .18 11,000
    16:15 $ .179 4,656
    16:15 $ .179 1,200
    16:15 $ .179 5,744
    16:15 $ .18 3,700
    16:15 $ .18 100
    16:15 $ .18 307
    16:14 $ .1789 150
    16:11 $ .1701 1,000
    16:06 $ .179 344
    16:06 $ .175 50,510
    16:05 $ .175 56,342
    16:03 $ .175 198
    16:02 $ .175 1,406
    16:00 $ .175 2,218
    16:00 $ .175 2,218
    16:00 $ .175 2,218

  4. Siriusowner is offline
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    Joined: Nov 2008 Location: The Oil Patch, Texas Posts: 922
    11-27-2008, 01:20 PM #54
    Quote Originally Posted by Demian View Post
    Funny how they release this now, right on the eve before the Thanksgiving holiday...
    I maintain my earlier statement that armageddon is priced in at this point.

    http://money.cnn.com/news/newsfeeds/...787a3213a1.htm

    S&P lowers ratings outlook on Sirius XM Radio
    S&P lowers ratings outlook on Sirius XM Radio to "Negative" on refinancing concerns
    November 26, 2008: 04:46 PM EST


    NEW YORK (Associated Press) - Standard & Poor's Ratings Services lowered its outlook on Sirius XM Radio Inc. on Wednesday over concerns about the satellite radio operator's ability to refinance its debt next year.

    S&P reduced its outlook on the company to "Negative" from "Developing" and affirmed its non-investment grade "CCC+" corporate credit rating. Sirius XM had $3.37 billion of debt outstanding as of Sept. 30, according to the ratings service.

    "The outlook revision reflects our concern over the company's ability to refinance significant debt maturities in 2009, amid persistently weak credit market conditions," said S&P credit analyst Hal Diamond.

    Diamond also said the sharp decline in U.S. auto sales and potentially weak holiday retail demand may hurt Sirius XM's subscriber growth and make it more difficult for the company to meet its near-term financial targets.

    He noted that most of the company's 2009 maturities are low-cost debt that may have to be refinanced at higher rates, further impeding discretionary cash flow.

    Sirius XM shares rose 3 cents or 19.9 percent, to close at 17.5 cents. The stock has traded between 14 cents and $3.94 during the past 52 weeks.


    FYI - S&P is a credit rating agency, they are not the Motley Fool.
    Last edited by Siriusowner; 11-27-2008 at 01:23 PM.

  5. deewcom is offline
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    11-27-2008, 03:40 PM #55
    Market conditions relative to finance weren't any better or worse a month ago. Why has S&P waited to dump on SIRI now when it could have done it weeks ago? Timing is everything. Bashing.

    The fact remains that Mel Karmazin can finance the debt himself if he wants to. Or Oprah or Howie or any number of people on Mel's rolodex.

  6. Demian is offline
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    11-27-2008, 10:00 PM #56
    Quote Originally Posted by Siriusowner View Post
    FYI - S&P is a credit rating agency, they are not the Motley Fool.
    Are you sure about that? I thought the S&P and The Motley Fool were the same company......are you sure?

    Your repeated abrasive outbursts are unwelcome on this board!
    It's Thanksgiving for gosh sakes! What is your problem?

  7. APEXSPORTS is offline
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    Joined: Oct 2008 Location: cambridge,ohio Posts: 214
    11-28-2008, 09:36 AM #57
    HOLLY SHIOT WE HIT .19$ IN PRE MARKET and we are up on a down day.. good volume? what the heck is going on!! yea!!

  8. mcmaverick is offline
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    Joined: Nov 2008 Location: Miles City, MT Posts: 45
    11-28-2008, 10:15 AM #58
    Quote Originally Posted by APEXSPORTS View Post
    HOLLY SHIOT WE HIT .19$ IN PRE MARKET and we are up on a down day.. good volume? what the heck is going on!! yea!!
    I'm guessing that we are "hitchin' a ride" with GM and Ford.

  9. APEXSPORTS is offline
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    Joined: Oct 2008 Location: cambridge,ohio Posts: 214
    11-28-2008, 10:23 AM #59
    HOLLY TERETRIAL RADIO BATMAN WE HIT .20$ WITH GOOD VOLUME..

  10. APEXSPORTS is offline
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    Joined: Oct 2008 Location: cambridge,ohio Posts: 214
    11-28-2008, 10:52 AM #60
    HOLLY SHORT COVERING BATMAN WE HIT .21$....

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