Good one. Spot on.Originally Posted by relmor2003
Heres my bearish reply. I refuse to let them go unanswered anymore. Not today.
"And I see your still ignorant then.
The debt is priced in. Sorry to inform you. Why its only .35 cents. Dilution is priced in, when I factor their market cap, I already assume the Liberty deal, as does every real analyst on the planet. They are still projecting higher price targets. Now the debt. They only need to keep their current subs(yes I didnt stutter, you heard me right) and they are positive EBITA right there. Add more and its gravy. Add more cost savings from the merger, no more XM writedowns(you saw the last one last report), they received cash from MLB escrow account, signing talent WILL NEVER COST MORE THAN TODAY, and dwindlling advertising revenue from terrestrial radio, and the 30 million new possible subs instantly(iphone app, ipod), add deeper penetration rates in car installs, add the worst car sales in the modern era(only go up now), and you will see why that debt is only a hinderance to higher profit levels, not a problem to be paid off in installments as required. Not to mention an extremely nice debtor for once(a debtor who has more interest in it suceeding than failing), and you will know why you indeed write for the "fool", and talk to fools."
SIRIUS XM SATELLITE RADIO FORUM
