OKMONEY

Why the Spike in Sirius XM's Short Interest?

Will someone please ask president Obama to order Sirius radios with a 3 year subscription for the 17,000+ vehicles he is proposing that the U.S. Government buy. Isn't that what "stimulus" is all about?

Is Palm Doomed if the Pre Bombs?

User 308606: Maybe your "3 Sprint phohes" were stronger than VZ or ATT but I'll guarantee Sprint phones were weaklings compared to VZ or ATT. Not to get technical but Sprint uses CDMA, an old, old technology that has long since seen its best days. The reason sprint won't change to GSM is because they can't. They can't afford it.

Attention SEC: Sirius Trading Issues

So, Goldman allows the naked short sellers direct access to the market through their "state of the art" online trading program allowing Goldman to make more money, quicker, resulting in the retail trader getting F****d, and it's the online trading program's fault. My, oh my; what ingenious logic. Along the same lines maybe we should give a pistol and a knife to every convict upon their release from prison!

Is Palm Doomed if the Pre Bombs?

No matter how successful the Pre. itself, may be; Sprint will kill it. It's just Sprint's way of doing business; they can't help it; they're common sense, business sense and horse sense challenged.

E*Trade: More Good News

WHOLESALECD:
you're another poster who does not know the difference between "mortgagor" and "mortgagee". Look it up; educate yourself. BTW I'm way long ETFC; have been since 12/07


On Mar 18 06:43 PM wholesalecd wrote:

> OKMonkey wrote: ETFC still is itself a subprime mortgagor...
>
> First of all learn to spell and do a little research. Actually you
> don't even have to do research to know ETRADE isn't doing Sub-prime
> mortgages any more.
>
> So you lost on your shorts I take it....??????
>

E*Trade: More Good News

On Mar 18 09:41 AM User 378476 wrote:

> Wrong! Etrade no longer deals in subprime - sold all of this to
> Citadel. Tell the truth okmoney - gesshh. Those notes are due in
> 2014 and on top of that the company has 1 Billion in reserves - very
> good Texas ratio and delinquencies were just reported way down so
> they can use the reserves for profit taking. The stock is over the
> hump.

USER378476:
Learn the difference between the words; "mortgagor" and "mortgagee". When you've mastered that distinction read my post again; then, read JBMARIA's post to find the "truth". ETFC owes just like a subprime mortgagor, just like I said.

E*Trade: More Good News

On Mar 18 11:14 AM jbmaria wrote:

> So,as of now they are on the hook for:
> "1) The $1.9 billion in principal does not include the $121.0 million
> of capitalized interest in November 2008, which resulted in $2.1
> billion in principal of springing lien notes outstanding to Citadel
> as of December 31, 2008."

Thanks JB; I can always count on you for the true facts.

E*Trade: More Good News

ETFC still is itself a subprime mortgagor. Those 12.5% springing lien notes they owe to Citadel from the November '07 rescue must be killing them. Anyone remember face amount of those Citadel notes? I recall over $1B, yes $B.

Does Ergen Have Enough Leverage to Play Out His Sirius Hand?

sl62:

Value your opinion, but, all that is lost in bankruptcy ( a successful Ch 11 reorganization) is debt and the current shareholders. This ain't no chess game or countermove "it's the real thing, baby". This is a loser dies game.


On Feb 10 06:33 PM sl62 wrote:

> Well, it wasn't CHTR last week, but now it is! SP just tok the next
> step down...where you go when the NY Times reports you are talking
> to BK attorneys.
>
> The backside of this whole thing is since Mel and Charlie are rivals,
> would Mel actually do this just to stick it to him? I still just
> can't see it given the risks at losing subs, losing their sports
> contracts, losing way too much. This has got to be a counter move
> and nothing more...

Does Ergen Have Enough Leverage to Play Out His Sirius Hand?

between the hedges:
Been in the bankruptcy business for 32 years. Liquidation or reorganization both result in equity holders being wiped out. SIRI is not a liquidation candidate. Senior debt (bondholders) will become the shareholders in a reorganization.


On Feb 10 05:45 PM between the hedges wrote:

> My understanding is that there is a clear difference between a filing
> for liquidation - where the company closes shop and folds - and a
> reorganization - where debt is reorganized. My understanding is
> that in a reorganization, the shareholders keep their shares and
> the company gets to redo its debt under more favorable terms. I
> think that this is a ploy. Be careful shareholders or you will end
> up selling cheap, similar to the Wachovia Wells Fargo scenario when
> Wachovia went cheap and people panicked out. Hang tight and ride
> it out. Like I say, the share prices are already at bankrupcy levels.

Does Ergen Have Enough Leverage to Play Out His Sirius Hand?

Dayworker:

You hit the proverbial nail on the head. You're analysis is 110% on the money.


On Feb 10 02:24 PM dayworker wrote:

> At this low PS it's either a takeover or BK. I've said that all along.

>
> With the income stream it's a perfect takeover, unless management
> wants
> to keep it for themselves and goes BK. That's why who ever drove
> the
> PS down did it knowing in the future it would be to their advantage.
> It
> wasn't just the shorts trying to turn a profit, there were plans
> in the works
> by different players to get SIRIUS. With $2.7 bil income stream it's
> a gold
> mine. All they have to do is get rid of the shareholders and debt
> by BK
> or low ball buyout and their home free. Their not playing this for
> shareholder interest. They just use stock investors for the capital
> they
> need and jettison them when they can get away with it.

Sirius XM Gets Some Breathing Room from Delisting Freeze

"Bankruptcy out of the question"

What other financing is possibly and realistically available to SIRI other than DIP financing? TARP?


On Jan 28 10:06 AM rtatp31 wrote:

> With the potential for delisting way out to 2010 we should be in
> good shape once we are able to get all the debt under control/refinanced
> plus a positve cash flow should drive the stcok up well above a buck-with
> no need for a reverse split-this is really great news. Unless of
> course they want it over five to get higher instituion intrest. Either
> way looks like bankruptcy is out of the question--really really great
> news

Sirius XM Gets Some Breathing Room from Delisting Freeze

Who'd have thought there's safety staying at $.12? Next to impossible to short a $.12 stock. It's analogous to: if you never succeed, you can't fail. The buzzards are already circling.


On Jan 28 09:28 AM Sirius sucks wrote:

> If Sirius does a reverse split, I bet a hundred million dollars the
> shorts will push the stock back below a dollar in less than 6 months.

2008’s ETF Dogs Could Be 2009’s Opportunities

I don't think it's so much the "buddy system" that will keep banks not only afloat but thriving but the inescapable fact that meaningful commerce literally stops when banks get too bearish. What we have to watch out for is too much banking power in too few banking hands which seems to be happening in Hank Paulson's apparent theory of survival of the fittest. Might be a good theory if you knew who were the fittest. Do you think the Treas. does due diligence like we do before they invest our money?


On Jan 12 09:58 PM PastTense wrote:

> commonsense1211: The banks have too many buddies in both the Republican
> and Democratic parties--as well as in the Federal Reserve. So no
> matter how badly they do; they will get bailed out.

8 Ways to Make Sirius Better

One of the best articles I have read on Sirius in a long time. Mr Matthews truly has a grasp on this business. Hope SIRI can survive to implement his ideas. You'd think SIRI management had already come to the same conclusions; obviously not. I can't help thinking why SIRI managment doesn't see what Mr. Matthews sees. When you think of it some of his ideas just would seem to naturally flow if you were in the business. Makes me wonder what's going on behind all the BS mgmt puts out; surely it can't be what it seems: 100% pure, unadulterated ignorance.