ZenInvestor

Retail Firms at Risk for Bankruptcy

Looks like Hertz stopped talking and started suing these jerks!
www.law.com/jsp/articl...

Retail Firms at Risk for Bankruptcy

What a load of crap! Audit Integrity has an awful record of 'predicting' anything, and Sirius XM has had two debt offerings oversubscribed in the last quarter (and rated by S&P, who does do analysis), and they have no significant debt repayments until 2012. The mathematics used by Audit Integrity make NO attempt at analysis of the balance sheet. The 'non-cash' write downs taken at the time of the merger skewed their numbers, and since all they had was a spreadsheet it was GIGO.

Now, look at three analyst upgrades this quarter with targets over a buck, and EBITDA projected (and on target) of over 400MM this year, positive cash flow, and an operating profit, and you have a picture that any objective observer would say indicates a successful merger, and with Liberty and John Malone as substantial (40%) owners, a winning strategy for a secure future.

As for 'not being there', Sirius XM service would survive any Bankruptcy you fool, no matter how remote that possibility is, and my service will be there without interruption. In short, your statements regarding SIRI are a joke! Please tell me you money is in certificates of deposit and NOT the stock market!

20 Companies Most Likely to Go Bankrupt in Next Year

This is so funny that it speaks only of a person who enjoys seeing their words in 'print', even if most of the article was done by someone else.. The list is old, out of date, and irrelevant when it come to Sirius. NO analyst thinks there is ANY risk of BK today for SIRI.

BTW, 'Market Folly' seems an appropriate name for the author, don't you think?