SIRI Weekly Thread 8-10-09

[Sirius Roadkill]

This will be good in the long term in that is extends the maturity and secures a lower rate . . we are currently paying 15% . . this should come down to 11-12%

but there will be more capex in Q3 due to the refinancing .. but should not be a huge number like last Q

good work in the corner offices . .

balance sheet is cleaning up nicely

these maturities will be far enough out to be paid with COH

[candleman]

Thanks for the answer Roadkill.

Man, Liberty got a pretty sweet deal!

[stang3O2]

I'm not sure if this is good news or bad news.....

Here's a question. If we pay back Liberty, do they still have a 40% stake in our company?

yeah Liberty keeps the 40%. It looks like good news to me, they will be getting a better interest rate

[candleman]

yeah Liberty keeps the 40%. It looks like good news to me, they will be getting a better interest rate

Yes, that should save (make) us money in the long run. But, what a price to pay for a loan, as far as losing 40% of the company.

[Sirius Roadkill]

these are good, solid, prudent business decisions that are being made . .

the Liberty loan was made under extreme duress . . the company is no longer distressed and the debt offering will be very successful

[Sirius Roadkill]

Yes, that should save (make) us money in the long run. But, what a price to pay for a loan, as far as losing 40% of the company.

too late to worry about that. it's done and over with

the dilution was factored in when the shares were authorized back in November 2008 . . the major difference is that shareholders thought that those shares would be exchanged for debt or used to pay down debt

shorts killed the share price so bad that the shares were not enough to pay-off debt . . so, gave'em to Liberty to avert bankruptcy

tough price to pay . . . water under the bridge . .

[candleman]

these are good, solid, prudent business decisions that are being made . .

the Liberty loan was made under extreme duress . . the company is no longer distressed and the debt offering will be very successful

Having been a SIRI investor for many years, it's nice to see some GOOD decisions being made.

I wasn't a supporter of merging with XM, and I still think it really hurt my investment in Sirius.

I'm looking forward to the day when I no longer feel that way.

And, you are right, this is all just water under the bridge!

[Sirius Roadkill]

Having been a SIRI investor for many years, it's nice to see some GOOD decisions being made.

I wasn't a supporter of merging with XM, and I still think it really hurt my investment in Sirrius.

I'm looking forward to the day when I no longer feel that way.

I hear you loud and clear . . I was confident Sirius would put XM out of business althogether; I had no interest at all in XM as an equity . .

but Candle . . I let the anger go . . what can you do about it now

have to deal in the here and now; can't reverse history

the dream of getting rich on this stock is for those who went all-in at a nickle . . not for me

Would just be happy to see the return of all principal and a little interest for the use of the money these past 5 years . .


have held a 6 figure position since 2004

[candleman]

I hear you loud and clear . . I was confident Sirius would put XM out of business althogether; I had no interest at all in XM as an equity . .

but Candle . . I let the anger go . . what can you do about it now

have to deal in the here and now; can't reverse history

have held a 6 figure position since 2004

Roadkill, I just laugh about it from time to time. I average down slowly and it gets a little less painful as the months go by.

I'd rather be investing my current cash in other companies (and I do), but I just keep trying to make it back on this baby.

Since March, I've been able to average down to around 2 bucks a share, but it's nerve racking doing it on 3 cent price swings. I'd much rather be selling candles to women in bikini's at the beach. Yea, I'm living the dream, I really don't have anything to complain about....

I think you could call us REALLY LONGS....

[SiriMonkey]

I feel strongly this way also. I think folks who are waiting for the mid forties, may be missing the boat.

I think that would be me. The boat is leaving
and I am not on it.

Julie