SIRI Weekly Thread for 8-17-09

**proactiv** · 08-20-2009, 09:19 AM

This is old news, but some may not have seen it..

S&P Upgrades Sirius XM On Refinancings, Improved Results
12:20 PM ET 8/13/09 | Dow Jones
DOW JONES NEWSWIRES

Standard & Poor's Investors Services raised its credit rating on Sirius XM Radio Inc. (SIRI) one notch out of highly speculative territory, citing several debt refinancings and improved results.

The company has posted earnings before interest, taxes, depreciation and amortization the past three quarters. That, plus the rounds of refinancings taken place the past six months, shows S&P's "increased comfort" with the satellite-radio company's near-term liquidity, said analyst Hal Diamond.

The credit ratings company raised Sirius XM's corporate credit rating to B-minus from triple-C-plus. The ratings outlook is stable. S&P gave a one-notch upgrade to the company in April as its liquidity began to improve after receiving $530 million in loans from Liberty Media and its controlling shareholder and chairman, John Malone. The move helped to refinance significant debt coming due this year.

Shares recently were up 5.9% at 54 cents amid a small overall market upturn.

Sirius XM, formed just over a year ago by the merger of the only two U.S. satellite-radio companies, has faced a mountain of debt and has been hurt by the sharp downturn in U.S. auto sales, a large source of subscribers.

**Hopeful** · 08-20-2009, 09:41 AM

.646!!!!!!!! :d:d:d

**proactiv** · 08-20-2009, 09:48 AM

We just blew through .65 on almost 20M volume in first 15 mins. Nice to see..

**proactiv** · 08-20-2009, 10:13 AM

Fasten your seatbelt..

**Hopeful** · 08-20-2009, 10:17 AM

.672!!!! Wow, this is different... I guess we could expect a take down in the next few days

. Maybe it's going to trade different than we are used too?

**candleman** · 08-20-2009, 10:22 AM

I just hopped off my bike for a quick cup of coffee and to check out the market.

HOLY CRAP BATMAN!

I'm getting back on and pedaling another 70 miles today. This is really good for the market LOL

I'll check in again Friday.

Good luck everyone.....130 miles down, 370 left to go!

Chuck

**proactiv** · 08-20-2009, 10:23 AM

Originally Posted by Hopeful

.672!!!! Wow, this is different... I guess we could expect a take down in the next few days

. Maybe it's going to trade different than we are used too?

Yeah, we'll have a take down. But the upward trend is really looking good, and it's already trading differently this quarter. I expect some takedowns from time to time, but I also expect a continued upward trend over time. Just MHO though!

**Hopeful** · 08-20-2009, 10:33 AM

It's a good opinion pro! It is going to be really interesting to see the next short report! Below a 100 million perhaps?!

Keep pedaling Chuck!!!

**lloyd Handwerker** · 08-20-2009, 10:39 AM

Yeah keep peddling Candleman. How about Lance Armstrong speed? LOL.

**MichGoBlue** · 08-20-2009, 10:43 AM

Originally Posted by lloyd Handwerker

Yeah keep peddling Candleman. How about Lance Armstrong speed? LOL.

You don't think there is any relationship between the stock price and how far/fast Candleman goes on the bike do you?

SIRI Weekly Thread for 8-17-09

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