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938 Comments

    • Mon Oct 20th 06:31 AM | Rating: 0 0
      Commented on:
      Will Murdoch Make a Move on Sirius?
      Guys we knew that financing was not going to be pretty if it got done. My feeling is, it comes down to a choice of paying a high interest rate or dilution. Lets not forget that if they do this, adding of shares and then a reverse split, what it comes down to is that while there would be a lot of delution there also would be 1.1 billion less in debt. It all breaks down to a zero sum gain/loss, it is 6 of one or a half dozen of the other.
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    • Wed Oct 15th 15:27 PM | Rating: 0 0
      Commented on:
      GM/Chrysler Merger Could Be Very Interesting for Sirius
      Just to clear the last comment up. Average self paying churn for the year is 1.68 % each month. That is almost 4 million subs lost on the 19.5 million current subs, That also includes all retail losses for the year. So any new retail would be added to the 3 million OEM subs, Mel was talking about.
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    • Wed Oct 15th 15:18 PM | Rating: 0 0
      Commented on:
      GM/Chrysler Merger Could Be Very Interesting for Sirius
      sl62, I just read your comment on MF. Not to be down on SIRIXM or Mel but if they only get 6 million of the 12 million OEMs that still gives them a net loss of about a million through churn (if they get no new retail subs, I know fat chance of that happening). Mel is correct technically, they will get that revenue in OEMS in a year like that, but will lose more then that in churn. Once again not to be a downer, just want the facts out.
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    • Tue Oct 14th 13:56 PM | Rating: 0 0
      Commented on:
      GM/Chrysler Merger Could Be Very Interesting for Sirius
      Killerkaul, I agree I dont like this new format.


      SIRI, go up!, I also saw that I think that makes it the tenth time that Mel said he was ether working on all the 2009 financing or that this Feb. debt. is not a big deal and something will be done on it.

      So my question is as always why was there ever any talk of bankruptcy over Feb converts by anyone including the posters, press and analyst. I mean, I am not that intelligent and I have seen this from the beginning, so why didn't the people I just talked about.
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    • Mon Oct 13th 17:15 PM | Rating: 0 0
      Commented on:
      GM/Chrysler Merger Could Be Very Interesting for Sirius
      sl62, Q3 will be bad. I would be very surprised if they get 200,000 between them. If you are right and they get 300,000 more then maybe Mel low balled the target but if they dont then be ready for it to come in right around what Mel said it would be.


      still sirius, I saw that also. He brings up some good points, but forgets that the bigest losers are the converts that have no insurance on their investment, and would lose every thing, then the common share holder then the banks and they are not going to fare much better getting pennies on the dollar. That is why the banks holding the loans dont force a company into bankruptcy that shows, they are able to pay them back in full if given a little time. (they may also lose more in bankruptcy protection because they may be forced to low the rates that they had before) The share holder is only taken out if they file for total bankruptcy. If a restructuring takes place then the common share holder still keeps his shares, Most likely at a way lower PPS. That is why alot of times you see the PPS of other companies filing for chapter 11 still at .4 cents and lower, because there is still the chance the get restructuring done and come out on better terms.

      So in closing, I will say it again for the 1,000 time, there will be no bankruptcy in the near future for SIRIXM. lets not forget something that most seem to, that SIRI has never missed a payment and that there is no more money being asked for. it is just at most/worst asking for the terms to be extended. THEY ALREADY HAVE ALL THE MONEY THEY NEED. The bottom line is if they cant get the money from the banks then it is simple they just reconvert the old ones. Would they be a worse terms, YES but the savings from the merger are way more then enough to make up for it.
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    • Mon Oct 13th 13:55 PM | Rating: 0 0
      Commented on:
      GM/Chrysler Merger Could Be Very Interesting for Sirius
      ARI D K, It is actually more popular in the big cities just look at the places where the most subscribtions are. That might be just because of where the populations are though.
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    • Sun Oct 12th 18:07 PM | Rating: 0 0
      Commented on:
      Sirius Shares Priced Like Stamps
      killerkaul, I do what I do when a market like this comes along. I watch it but dont get to involved. I certainly am not going to sell but am looking for a bottom. I believe we will level off, it might go a hundred lower (not to much lower from here) or start its way up again soon. The 700 drop in the morning then the recovery then it turning positive at the end before finishing down only a hundred and thirty, says the bottom is very close.

      As to the bad 3rd quarter, I believe that and most every other thing is priced in. The only thing that would take it much further down in the 3rd Q would be a negitive net sub add (SIRIXM actually losing subcribers). I dont think that will happen looking at the three months of OEMs it makes up for the 2.2% churn, the only way they would lose net subs is if they did not added any retail subs or churn is hugh this quarter. I as you know dont feel as bad that they are not getting the OEMs that fast anyway, because they cost SIRIXM way to much. That is also why the other metrics show improvement because they get less subs they dont pay as much out that quarter. I believe they should have stayed a little longer at the higher end OEMs and kept their OEM % lower. That would have kept their cost lower and their churn lower, due to dealing with the higher end costumer. Remember there are what 10 million OEMS that are turned off now well that is 1 billion in cost, and how much you want to bet they are mostly from the lower end OEM.
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    • Sun Oct 12th 15:56 PM | Rating: 0 0
      Commented on:
      Sirius Shares Priced Like Stamps
      killerkaul, and cos1000, I think it was a retirement party. I said if it was held in Vegas I would come and it went from there. I also think the PPS was closer to 30 or 40.


      cos1000, I agree about the 3rd Q call. As you know the 3rd quarter is going to be terrible, because the sub net adds are always bad in the 3rd Q, and this time the other metrics are going to be messed up because of the cost of the merger, to include the cost of the new radios that are paid for in the 3rd quarter.

      There is a bright spot as you and others have talked about. The new revenue streams such as the "B of B". The other I have not seen to much talk about here, it is the new advertisment revenue. As you know SIRIXM has got some new big advertisers in the line up.
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    • Fri Oct 10th 16:35 PM | Rating: 0 0
      Commented on:
      Sirius Shares Priced Like Stamps
      Hey guys I believe the this is it. The 700 point drop this moprning then the comeback then the return at the end of the day again. It says that if may be close to coming back some.

      I have to say I love it, because if there is one good thing about owning SIRIXM, is during this whole week, we did not go to much further down. We are used to this, so the fall in the other stocks doesn't effect us to much anymore. The other good thing about owning a penny stock is while others are losing many dollars we only lost a few pennies this week. There is a siver lining in this storm cloud.
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    • Tue Oct 7th 10:33 AM | Rating: 0 0
      Commented on:
      How the Rescue Plan Affects Sirius
      Correction: The same princible applies to the last converts as the first ones, that they would reconvert, not that SIRIXM would have the COH to take care of them. If they did it for the forst ones.
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    • Tue Oct 7th 10:25 AM | Rating: 0 0
      Commented on:
      How the Rescue Plan Affects Sirius
      muley, (Stan), first off all I dont remember you saying anything about having a stop loss in at 2%. I only heard you saying it would be 24 in a day or 2, well it is far from that. My point being is, you might have been right on the future fundimentals but you were wrong on the PPS. SIRI is in the same book there is no reason for the PPS being this low. As I have said the financing will not be a problem, SIRI had enough in the COH to take care of the whole Feb. financing if needed, next there would be no reason for any of the people holding the old converts, not to reconvert at better terms. The May credit it just a need to extent the terms. it is not like they are asking for more money. Then the Dec. converts are as the first ones are, same princble applies. Now do you really think GS does not know this?
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    • Sun Oct 5th 19:13 PM | Rating: 0 0
      Commented on:
      How the Rescue Plan Affects Sirius
      Stan, I do, but it seemed that you have lost it. You are the one that says to keep jumping in and out of the stocks you talked about.
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    • Fri Oct 3rd 15:36 PM | Rating: 0 0
      Commented on:
      How the Rescue Plan Affects Sirius
      muley, Stan, your pick went down, not up, what happen man.
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    • Fri Oct 3rd 12:02 PM | Rating: 0 0
      Commented on:
      How the Rescue Plan Affects Sirius
      I wil say some of these banks are looking good. I just cant help but think they are buying up all the others at big discounts and when (in a year maybe everything turns they will be back up there. Think about it this way most of that bad paper they bought is mostly good just not right now. The banks they bought were worth 100 or more just a few months ago.
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    • Fri Oct 3rd 11:57 AM | Rating: 0 0
      Commented on:
      How the Rescue Plan Affects Sirius
      P.S. Who am I to talk I just keep saying I am not buying anymore and keep going agianst my better judgement and buying more, and it keeps going lower. I am cought up in what I made in it before and am hoping for another.
      View article »
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