jswede

Auto Sales: Good News on the Horizon?

MNC lost a little bit of money in 2008, but had been making a profit for 14 years up to that point.

SIRI has never made a profit.

MNC had $45mil in longterm liabilities before this $139mil loan.

SIRI has $3.5bil in longterm liabilities.

MNC has $160mil in retained earnings on a $442mil balance sheet.

SIRI has -$4.6bil in retained earnings on a $10.6bil balance sheet.


On Nov 05 11:37 AM User 292014 wrote:

> A bit of positive information. It appears that lenders are beginning
> to flow money into corporations again. Check out Monaco Coach (MNC).
> Here's the news header:
>
> Monaco Coach Gets $129.3M In New Debt Financing
> MNCLast update: 11/5/2008 6:19:37 AM (MORE TO FOLLOW) Dow Jones Newswires
> (201-938-5400)November 05, 2008 06:19 ET (11:19 GMT)
>
> This is an example of a distressed company that has been down 50%
> and struggling. Yet they have acquired a substantial amount of financing.
> I believe it may be time for me to get back in to sirius stock. I
> am going to hunt around an see what other distressed companies are
> acquiring substantial financing. Any thoughts or opinions?

The Ford Debt Disaster Continues

JEFFYBOY, YOU SAID: "I disagree on the level that the debt is completely poor. If they sold this debt off they would get much less then the loan loss value of the debt out there. "

ummm... "if they sold this debt off"....? their debt is not an asset last I checked... explain to me how they'd "sell this off"?

The Ford Debt Disaster Continues

JEFFYBOY, YOU SAID: "I disagree on the level that the debt is completely poor. If they sold this debt off they would get much less then the loan loss value of the debt out there. "

ummm... "if they sold this debt off"....? their debt is not an asset last I checked... explain to me how they'd "sell this off"?