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?