satellite radio is dead

UCONN's Calhoun Explains Basic Economics to Pesky Reporter

Go to the UConn financial statements and try to check Mr. Calhoun's $12 million reference. I'll save you the trouble: you can't. That's because the school doesn't even break out what the athletic programs make/spend. The people who run public universities belong in jail. In the case of UConn, they spend twice what they make and force state taxpayers to make up the diffference.

Sirius Plays Dangerous Game at Investors' Expense

Let me just throw my 2 cents in....

Which, when added to the closing price, gets us just above where relmar said the stock would close today, "easy".

The moral of the story: don't listen to relmar, he's costing you money. SIRI stock is wallpaper.

Sirius Plays Dangerous Game at Investors' Expense

Oh, boy, this is fun! Relmar, institutional ownerships are updated quarterly, not daily. Much of this data is from 12/31, if not 9/30. So it's likely that many of these holders are long gone, this data is at least 7 weeks old, and maybe as much as four months old. Furthermore, not a single "institution" on this list has any stake in the company that's even worth mentioning, no thanks to the dilution that Sirius takes almost monthly thanks to printing stock to pay down debt. At 6, excuse me, 5 cents a share, that gig is up, so they'll have to come up with real cash to pay this debt due next week. Thus, the bankruptcy filing that's imminent. Just think, if you'd have listened to me at my first post today, you'd have saved yourself 20% of the current stock price. We're swooning lower with each passing hour.

Sirius Plays Dangerous Game at Investors' Expense

Oh, boy, this is fun! Relmar, institutional ownerships are updated quarterly, not daily. Much of this data is from 12/31, if not 9/30. So it's likely that many of these holders are long gone, this data is at least 7 weeks old, and maybe as much as four months old. Furthermore, not a single "institution" on this list has any stake in the company that's even worth mentioning, no thanks to the dilution that Sirius takes almost monthly thanks to printing stock to pay down debt. At 6, excuse me, 5 cents a share, that gig is up, so they'll have to come up with real cash to pay this debt due next week. Thus, the bankruptcy filing that's imminent. Just think, if you'd have listened to me at my first post today, you'd have saved yourself 20% of the current stock price. We're swooning lower with each passing hour.

Sirius Plays Dangerous Game at Investors' Expense

Oh, boy, Mr. Relmar doesn't understand that when significant news exists, a huge pent-up demand exists to trade the shares, thus the huge volume spike in the first few hours. And the reason why there's no institituional selling is because there are no institutional holders. Penny stocks are for morons, not the smart money. Most money managers follow covenants that prevent them from buying penny stocks, which is akin to speculation, not investing. Why don't you look at my historical posts, I've been screaming to sell this pig for months, you're just a glutton for punishment.

Sirius Plays Dangerous Game at Investors' Expense

I'm splitting my side, I'm laughing so hard. The stock is down 50% TODAY, and we're on pace to trade more shares than any day this stock has been publicly traded. But no worries, "the volume is dying down", it's just "the panicked that are selling", as we approach zero, so the comments on this board go. Thankfully, we have someone monopolizing the posts, "fighting for people's savings". This is absolutely hysterical, who needs The Comedy Channel?

TAKE YOUR TAX LOSS AND GIVE IT UP! Geez, you are the types who keep leaving messages hoping that date will call you back. Get the message, it's over. The stock is down 98.1% from this time last year, it ain't coming back.

Sirius Plays Dangerous Game at Investors' Expense

Moronic posters to this story, your bus is leaving. The stock is a ZERO, common stockholders have no say in a bankruptcy filing. You clearly don't understand company capital structures. Debt holders are at the front of the line when a company goes bank-o. If Sirius can no longer pay their bills, the debt covenants stipulate that the company is in the hands of the debt holders. They'll dictate how the debt will be restructured. The common stock is finished, holders of common stock have no power in a bankruptcy. Six cents is a great deal when you consider zero is the real value. So sell the stock and take your tax loss.

Six Likely Takes on the Sirius Situation

SIRI holders, you are proving your delusion yet again. The stock is SIX CENTS, will you please comprehend this? SIX CENTS! The old adage is true about the dangers of assuming a good company translates to a good stock. The two are completely separate animals. Have you learned your lesson? Seems not.

Hold on to hope, because "neither the company nor Ergen has made any statements". Tyler, are you kidding? Are you really holding on to THAT? The hiring of bankruptcy help comes a week before a major tranche of debt is due. GIVE IT UP!

There's only one ray of hope: chapter 11 doesn't mean programming stops, first comes a debt restructuring process. In an environment like this, trust me, the company is about to undergo massive changes. The programming you are enjoying will never be the same. For example, don't be surprised if ads show up on the music stations real soon, Sirius can't afford to say no to any revenue opportunity now that they're at the mercy of vultures.

And cheer up. The government is bound to be the one doing the restructuring, they're the only ones who can afford it. Once that process begins, Clear Channel is next. Government-owned radio, that's where this is headed. Ask the bank CEOs what it's like taking marching orders from the government.

Why Depressions Attract Protectionism

Mr. Merkel, you should review Obama's voting record before praising him for his trade rhetoric. While a senator, he voted almost unanimously against free trade: CAFTA, Colombia, and South Korea, to name a few. Furthermore, his stance on NAFTA during the Democrat primaries made it clear he intended to "renegotiate" the trade policy, so one wonders if he'd move to drop it altogether if Canada and Mexico didn't share the need to discuss it.

The protectionist "genie" is out of the bottle. Obama can talk about negotiations with Congress to remove such protectionist provisions from the stimulus, but now that our Congress is showing its nationalistic cards, the rest of the world seems to be moving to the side of caution against this left-leaning Congress. Besides, in the ten economic "panics" that this country has suffered over the past 210 years, protectionism became the key issue in nine of them. But we are still waiting to see if the 2008 panic will keep that record perfect. Given the protectionist measures that are being embedded within stimulus legislation around the globe, it would be wise to bet that past is prologue.

Even as Congress looks for ways to expand President Obama’s $819B stimulus package, the rest of the world wonders how Washington will pay for it all.

That's easy: oppressive taxation

Sirius XM Gets Some Breathing Room from Delisting Freeze

Once the Q4 numbers reveal the death and despair, it'll be painfully clear that bankruptcy is the only option for Sirius XM. I still think the feds take this company over. It's extremely strategic in this liberal Congress' efforts to invoke the Fairness Doctrine. Certainly explains the successful stall tactics last year by Dorgan and other liberal senators. The common stock is a zero, you're torturing yourself if you think this stock has any hope.

Sirius XM's Latest Pricing Move Helps the Bottom Line

Sirius shareholders: you ought to just go ahead and sell now in order to fetch something north of 10 cents/share. This company is bankrupt, for all practical purposes, they don't have sufficient cash flow to offset their near-term debt obligations.

The only silver lining is reserved for satellite radio subscribers. There's a good chance that bailout funds will be set aside to take on Sirius' debt once they file for bankruptcy. The main reason I believe this is because this new socialist administration certainly wants to kick conservative talk radio off the air. Bailout funds can be used by the government to consume Clear Channel, who's in dire straits, else pass "Fairness Doctrine" legislation. In order to keep Limbaugh and Hannity from using the Sirius escape route, the government must take it over, too.

Either way, the common stock is worth zero, so this company is no longer an investment option. Unless, of course, you want to go short, but 10 cents isn't really worth it, in my view.

Geithner on Yuan: Misstep or Warning Shot?

I don't think anyone who has knowledge of history ever thought capitalism was the long-term plan in other parts of the world, especially China. By allowing its currency to appreciate, China becomes the equivalent of the U.S. in the 1930s. A heavy exporter, they quickly enter an economic depression. Why would that be an avenue of choice? Simple: it further empowers the Communist ruling party.

I don't understand why anyone believes that governments work on behalf of the people, they don't. They do the opposite in order to increase their control. Which is why this new administration here in this country would love to force China to appreciate their currency. A healthy dose of hyperinflation would put the U.S. government in full control of everything and ensure the death of capitalism.

Capitalism is the economic foundation that allows individuals to have a heavy stake in the government process, thus ensuring freedom. Without capitalism, governmental power is held by an elite few. Thus, the huge intertia favoring socialism over capitalism globally.

Sirius Institutional Ownership on the Rise

I want to personally thank all of you delusional SIRI investors for what had to be the greatest page of comedy I've read in a long, long time! I simply can't stop laughing at the ingenuity you've all displayed in defending a stock that's lost 95% of it's value in just six months.

Will all of you please look at the 13 cent stock price and just take your tax loss? The first step along the way to recovery is admitting you have a problem. Do it.

Cramming Down - On Whom?

The author misses a much bigger point. Mortgages were the last survivors of a long list of solemn oaths that we make as Americans. Now it's possible to renege on pretty much every agreement that you pledged your commitment to fulfill. Marriage, credit card bills, auto loans, you don't have to commit yourself to the other party, there's a well-defined "way out" for all of these. Add to the list your oath to pay your monthly mortgage, now you can just have a judge rewrite the terms in your favor. This, in essence, is a severe fracture in the foundation of American integrity, which explains the direction of our financial foundation.