satellite radio is dead

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.

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.

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.

Understanding Sirius' History Of Converts May Ease the Pain

Those who are long SIRI, I've posted it a few times over the past few weeks, but you don't seem to be getting the message: take your tax loss and move on. No matter how "cool", this technology is far too expensive to finance, proven by today's stock action on the news of yet more dilution. Although when you're losing money at the rate this company does, yet another public offering actually lowers the loss in per-share terms.

Sirius-XM Combination: A Future Microsoft Acquisition?

Microsoft, are you kidding? This has got to be the stupidest speculation I've ever read on satellite radio. Will you people please face reality and take your tax loss? You've long missed your sell signal when you start believing your own BS. Decent technology but awful, dreadful financials. Sell the stocks.

Sirius Satellite Radio is Seriously Undervalued

cos1000, I'm not that much of a novice to think that my posting on a message board is going to affect a stock price, particularly a stock like SIRI that trades more shares than any on the Nasdaq. If you really think that, then you are an even bigger dolt than I thought. I'm trying to save you some money, because the numbers just don't work with SIRI or XMSR, so take your tax loss and move on to something else. P.S. I've never had to "scramble" to cover a SIRI short, perhaps you should revisit the chart, this stock has nose-dived for the past 30 months. It's a zero. The second step that follows confronting your SIRI denial is admitting you have a problem.

Sirius Satellite Radio is Seriously Undervalued

You satellite radio investors are just hilarious, I love making money shorting these stocks! It's clear that you don't even understand the very basics in terms of a company's financial structure, and that's why I continue to make money off of your stupidity.

Hey dolts, wake up: these companies are two years behind on the subscriber forecasts they gave the Street back in 2002, important because said forecasts were essential in order to justify the overwhelming debt load and burdensome opex structure each had deployed. On top of that, the fees that each are paying to offer the programming are so nosebleed-high that they're not generating any return on the investment. And when you have to give warrants, options, and shares to these programming sources in order to sustain the relationships, you're in deep trouble because it merely dilutes your earnings per share all the more. Geez, neither of these two companies is even operating cash flow positive, and you're investing in these companies? Are you that stupid?

The bottom line is that, no matter how much you love the service, XM and Sirius, combined, are roughly 5 to 7 million subscribers short of where they need to be to grow profitably. That's why the merger took place, duh? The combined entity will slash costs to the bone and pray that oil prices have peaked, because without new car sales, even the combined earnings model won't come to fruition. The simple truth is that there aren't enough subscribers to keep satellite radio going for very much longer.

If I were XM and Sirius, I'd plan to sell air time for ads just like every other radio station. They desperately need the extra revenue because, in this weakening economy, I can tell you that it makes no sense for subscribers to keep paying their satellite radio bill if they can't even afford to put gas in the car that's playing it. But that would kill the differentiation between satellite and terrestrial, you say? It's tough being a company that's struggling to survive. Now go sell your shares before you lose your shirts.