mlongj

Sirius XM: An Equity Adrift

With 42 days until the Feb converts come due, it should be an interesting period for SIRI. Each day is one day closer to clarity. Mel is considering the options for financing and he will make the best deal possible. If the situation is that he has turned down financing at 4% which has been rumored, then this is an indication of much better days ahead. The silence is deafening right now, but in the long run I believe it will be well worth the wait. I see there is a very aggressive promotion from all car companies at the moment which should bode well going forward. Nissan, Hyundai, GM, Ford, Toyota, and the rest are advertising many 2009 models under 10,000 dollars that get over 35 mpg. Hyundai is even offering to take back the vehicle if the borrower loses their job in the first year after making the purchase. These models, for the most part come with SAT RAD included. It is just a matter of time before SIRI makes a turnaround as everyone is focused on the ailing auto industry. Behind the scenes there is a great deal of work and planning going on which is not visible to the public eye. This is how it has to be right now, but the vision will be unveiled shortly (within the next 40 days or so). The economy will not remain in recession forever and neither will Sirius. Keep the faith!

Looking forward to a successful 2009.

Long Sirius.