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Satellite Radio Is Not Immune to Big Three Troubles

killerkaul, I stoped watching him totally after his total reversal on SIRI. TEVA was bad enough to make me stop watching him most of the time but after SIRI He just makes me sick now. The problem I have with him is not just that he was negitive on SIRI, it was how he fliped as fast as a pancake, without any warning.

Satellite Radio Is Not Immune to Big Three Troubles

cos1000, DSX is one reason for me thinking of getting back to work. I dont want to sell what I got at 10. I still think they are cutting their dividend to take advantage of this economy and buy more ships at cut rate prices. I would rather get some part time job like "killerkaul" to just get through this short fall, to see if I can make more down the line. I just hope I dont have to do it for to long.

Satellite Radio Is Not Immune to Big Three Troubles

FoolNHisMoney, to be honest, I dont really care about your bones. You try having a clear thought with a screaming kid in one arm. I have to admit though, I could care less about spelling errors.


killerkaul, HAPPY BIRTHDAY


cos1000, I may have to get back in the work force again, This sucks, cant get a good enough rate on CDs, and the dividends are all getting cut.

Satellite Radio Is Not Immune to Big Three Troubles

cos1000, you are correct the PPS will not go anywhere until at least after the 4th quarter is over and maybe not until it is reported. That is what I have said along time ago. If you recall, I said back in the beginning of Aug. that we were going to have to go through at least 4 or 5 months of very tough times. Then again the I did not think the PPS would get this low ether. Just give it a little more time. I do have to admit that I thought that there was going to be some buying by now, by people trying to get in before the quarter ends or the report is out. I do think that once that FCF comes out alot of the debt due in Feb. and May will be moot points. Not to mention, I believe that much of the May credit will get extended anyway.

Satellite Radio Is Not Immune to Big Three Troubles

cos1000, I dont think you are going to get anything more then what Mel has already said which what he plans on doing with a RS and delution. I do hope your right about him getting more specific but I dont think so.


sl62, That is exactly the boiler plate statement every company puts out. It still does not stop class action law suits from being won. As said there are many examples of class action law suits being won because a CEO made a statement that was totally false. While I will agree that if they do it while the PPS is below a buck there would be little that anyone could do. They may get a judge to here it but it would end up losing

Satellite Radio Is Not Immune to Big Three Troubles

sl62, I would not be so sure of that. It only takes one question being asked. Did you buy SIRIXM shares because you heard Mel say the only reason for the RS would be to stay out of the pink sheets. There are plenty of examples of a CEO saying something and it not happening for a class suit. Even though the company had it at the end of their quarterly boiler plate statement, about how if this or that doesnt happen then we could go bankrupt.

Satellite Radio Is Not Immune to Big Three Troubles

sl62, What most ether miss or dont believe anymore is that Mel has always been against delution. My feeling is that he will use as much COH that he can before he gos to delution knowing that he does not have enough COH even with 4th Q FCF being added in to take out all of 2009 debt. That is not to say that he would not use delution first to get a better handle on what cash is needed for operations before commiting it to debt.

Satellite Radio Is Not Immune to Big Three Troubles

mogami_99, the possibility of a RS is not what is keeping the PPS down. That might be the case if the company did not have plans that showed it was in a good position going forward. The fact is, the RS cost the investor nothing, you get less shares but they are worth more. I also disagree that now shorts can bring it down again with less shares out it makes it harder for shorts to get there hands on them plus now it is easyer for them to be tracked if they ever go on the Reg show list again.

Satellite Radio Is Not Immune to Big Three Troubles

cos1000, I realize that people are mad about the PPS being where it is, that if the PPS was higher then the delution would not need to be so great but as you know, once it got out that it might be the way that debt was going to be taken care of it sent the PPS way down. Once again cause and effect or which came first the chicken or the egg, you know what I mean. If they are able to take care of it in another way without to much delution then you will see the PPS go up again.

Satellite Radio Is Not Immune to Big Three Troubles

cos1000, I also got the amounts reversed. As you know from my other post I due realize amounts and due dates, but thanks for the correction.

Satellite Radio Is Not Immune to Big Three Troubles

By the way, once again Mel has also stated that he would use the delution of shares to pay on going expenses and may have to be used for refinancing current debt. Now while many may find this terrible the fact is the debt has to be paid off sometime, so weather it is paid now with shares or it is refinanced, there is a cost. The point is, if they use shares to do it the good thing is the debt is gone and that money that is made in the futher can now be used to buy back shares, instead of being used to pay interest and even pay it off later. Like I said it is 6 of one or a half dozen of the other. The debt was always there the company did not have the COH to pay it off, so it needed to be dealt with one way or the other.

Satellite Radio Is Not Immune to Big Three Troubles

I will once again say it, Mel has already stated that a RS would only be used to stay out of the pink sheets. Now unless he revises that before or at the meeting (before the vote) he is stuck with that or he will open himself and the company up to massive class action lawsuits.

Satellite Radio Is Not Immune to Big Three Troubles

mogami_99, it is really 400 in credit in May and 350 in converts in Dec.


sl62, I would not be to sure of that. You are not saying that they would rather go into bankruptcy then take COH to pay off debt, that just makes no sense

Five Key Quotes from Sirius on Satellite Radio and Automakers

Well This Might Be SIRIUS?, I would not even bother with his dumb a$$. Like I said it is clear he doesn't have a glue, look at what he wrote: "How do you waist $4.88 billion and still show les neg EBITHA? You cook the books!" He does not understand one is a loss due to the PPS going down (P to M) and the other is because of revenue going up and cutting cost (EBITHA).

Five Key Quotes from Sirius on Satellite Radio and Automakers

To clear up my last comment you have to remember that the only reason retail has been slowing is because OEM penetration has gone up, if you already have a radio in your car there is no need to get one from retail. I believe that is one other reason they have increased their advertising. The catch 22 in retail this year is the economy.