connorport

Retail Firms at Risk for Bankruptcy

Check your list there genius. There are several companies in no way shape or form close to BK. Where are your banks? Banks like CIT that are teetering on the edge every second. Most of these will see a slump but will recover stronger after the recession due to their abilities to trim costs and reduce staff. Some hold Govt contracts and have proprietary patents that our Govt would not allow to pass on to foreign suiters looking to grab a bargain company. Add some banks and you may have some credibility.

20 Companies Most Likely to Go Bankrupt in Next Year

Fair market cap value is around 8.2 billion or $2.12 per share. Let us see what SIRI brings in Q3 and come back for discussions. I will still be here.

20 Companies Most Likely to Go Bankrupt in Next Year

I would advise you to not buy the stock then. You are far smarter than us dummy investors here. Thanks for your wisdom. You left out one thing. The $2.7 billion in annual revenue. Also the $500 million in so far created synergies of the combined two companies. But who counts that?


On Sep 17 06:07 PM jswede wrote:

> yea - I've done the research.
>
> $7.5bil in assets includes $2bil in licenses, $650mil in "intangibles"
> and $1.8bil in "goodwill". That's $4.5bil of made-up value just
> to keep the balance sheet 'balanced'.
>
> The $3.2bil in satellites are specialized so they would be worth
> very little as well -- even DTV can't use them.
>
> Stockholders' equity is at $143mil.... take away just the 'goodwill'
> and you're in a hole you'll never get out of -- now add in the other
> worthless assets and tell me where you're at.
>
> Point is they are not making money and the interest is far outpacing
> the cashflow -- and in the eventual restructuring the common is worth
> $0.00... the debt may be worth 50-75 cents on the dollar.

20 Companies Most Likely to Go Bankrupt in Next Year

Obviously you don't follow the fundamentals of this company so i can see where you get this opinion from thin air. Today SIRI is stronger than ever. If you look at earnings you will see that SIRI nor XM has ever in their history been so close to profits. Even though they may lose a few subs they are growing towards a profit level. Every quarter prior to Q2, SIRI never obtained a level closer to -.06. Q2 was -.01. Can you see the direction were we are headed no. Not down unless your laptop is upside down on your lap. Turn it over. Yeah!! No you see what we see.


On Sep 17 06:20 PM jswede wrote:

> 'collective judgement of the market'..!??!?! were you born yesterday?
> this is the same market that was valued ~35% less 6mos ago? when
> was it correct - 6mos ago or today? you are apparently saying today?
> any reason other than that it suits your long position?
>
> I'd rather look at the real data, the real financial statements -
> in this case you have a dead company walking. No way around it -
> dead and buried in debt (and 'debt service', something you guys think
> doesn't exist). All you have is hope to hang onto with this one.
> 'Hope' that they can turn around the subscriber trend and add another
> 30 million subscribers, or 150% growth, by 2012.... lol. that's
> absurd, but believe it if you wish.
>
> I'm not the same poster as doom -- check my history - I've been around
> much longer, and I was in fact a SIRI bull til early 2008. shocking
> you would come up with a conspiracy theory... shocking.
>
> On Sep 17 05:24 PM R A F wrote:

20 Companies Most Likely to Go Bankrupt in Next Year

How much research have you really done or are you just making statements off of hearsay and newsletters? Are you aware that SIRI has not one but two sets of satelites in the air. They need only one set or birds. Their total debt includes approx $3.4 billion and those unneeded assets are worth approx. $3.2 billion. Yes they have debt but they also have a viable media outlet and content to sell that people want. Does everyone? Of course not but there will be a lot of happy people in China and around the world that would love to hear American content and American media entertainment. The internet will deliver that to them in droves. To understand SIRI is not only to understand their debt but also their assets which total over $7 billion. This would be how it gets done.


On Sep 17 04:41 PM jswede wrote:

> is it a pre-requisite to be clueless about debt to invest in Sirius?
>
>
> they're paying $400mil/yr in interest -- that ALONE will sink them.
> not to mention the nearly $4 bil in principal to pay back.
>
> you guys talk about how they are nearly making money EXCLUDING interest....
> guess what? that won't save you from bankruptcy. including interest
> they are losing money hand over fist and it's getting worse every
> quarter as they issue more debt to buy more time.... (only reason
> they want more time is for management to pay themselves their ridiculous
> salaries)
>
> the debt holders own this company - it's just a matter of time...
> the common is worthless.
>
> one of you SIRI bulls show me - in numbers - how they will come out
> of this please.