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  • Liberty's Sirius Preferred Stake Expected to Be Spun Off [View article]
    Here's an example of how that would work:

    www.sec.gov/Archives/e...
    Nov 18 12:55 pm |Rating: 0 0 |Link to Comment
  • Liberty's Sirius Preferred Stake Expected to Be Spun Off [View article]
    Liberty could do this tax-free, by using the SIRI stock in a buyback exchange, i.e., spinning off the SIRI stake to its own stockholders in exchange for Liberty shares.
    Nov 18 12:53 pm |Rating: 0 0 |Link to Comment
  • How Trucks and Tariffs Contributed to GM, Chrysler Failures [View article]
    This also fails to note that cars are bought on financing, and houses and commercial properties are built on financing, and people who work in construction drive pick-ups and SUVs almost exclusively. To lose sight of the fact that this collapse was due to the seizing of the credit markets chases a red herring. True, they were too reliant on trucks and SUVs, and true the tariffs were part of that. But they were able to generate huge profits with this product portfolio, until their reliance on these trucks and SUVs made them vulnerable during the run-up of oil prices, which destroyed their cash positions, then the cratering credit markets finished them off.
    May 06 12:51 pm |Rating: +5 0 |Link to Comment
  • GM's Bankruptcy: Obama's Socialist Hat Trick [View article]
    If you are too stupid to understand what socialism is, please don't invoke it in your articles.
    Apr 01 09:31 am |Rating: +1 -3 |Link to Comment
  • My Response to Soros' Views of CDS [View article]
    "Perhaps I’m reading in too much into this sentence but to expect AIG (AIG) to somehow have hedged or offset its CDS trades is akin to an insurance company kidnapping sick people who have bought life insurance and sticking them in incubators to prolong their life."

    Insurance companies (responsible ones, anyway) have reserves and investments that are intended to guarantee payment on the policies. When they sell guarantees (in variable annuities, for example), they do buy hedges and make offsetting investments. Also, half the policyholders won't die in a nine-month period, which is what happened to AIG
    Mar 26 08:23 am |Rating: 0 0 |Link to Comment
  • SIRIUS XM Radio Q4 2008 Earnings Call Transcript [View article]
    No mention of rev split or delisting. I think the extension of NASDAQ waiver makes it a short-term non-issue.
    Mar 17 17:13 pm |Rating: 0 0 |Link to Comment
  • Sirius: RBC Urges Investors to Remain on Sidelines Following Latest Earnings [View article]
    Huge volume surge... what's going on???
    Mar 17 13:38 pm |Rating: 0 0 |Link to Comment
  • Sirius XM’s British Invasion [View article]
    I think the conclusions reached by tracking the ownership back to a company that also owns radio stations in the UK is more paranoia than anything else, much like the idea that Jim Cramer was attempting to manipulate the stock price on behalf of Goldman.

    I believe this company has a chance to thrive. But, at the same time, to say that anyone who disagrees has an agenda is a reach.

    There is (was?) a satellite radio company attempting to operate in the EU. I think the patchwork regulation over there makes the FCC look easy in comparison.
    Mar 17 10:27 am |Rating: 0 -1 |Link to Comment
  • The Sirius Price of Liberty [View article]
    Mogami -- Apart from the securities law questions, that would likely be a violation of the terms of the indenture. I think it would be treated as a redemption rather than an open-market purchase, and they would probably have to offer to buy everyone out at the same price, at which point you could kiss .40 goodbye.
    Feb 20 11:13 am |Rating: 0 0 |Link to Comment
  • The Sirius Price of Liberty [View article]
    Marco -- Take a quick jog through a dog park then scrape your shoe. That's the surest way to find the type of ethically challenged weasel who would file your meritless claims. They are called strike-suit lawyers, and they are the securities law equivalent of the personal injury lawyers who advertise on TV.
    Feb 19 12:58 pm |Rating: 0 0 |Link to Comment
  • 6 Key Points from the Liberty / Sirius XM Deal - Merrill [View article]
    "What's it gonna take before the institutions start buying in?"

    Same as any other stock--min price of $5/sh, with limited downside. Probably a 1-50 split combined with a couple good quarters and credible guidance of a couple more improving quarters will get some institutional interest.
    Feb 19 10:11 am |Rating: 0 0 |Link to Comment
  • Sirius: Is Chapter 11 Good for Shareholders? [View article]
    There should have been filed with the merger agreement (or at some point in the 1,485-year-long merger process) any modifications to XM's various indentures. Did anyone look?
    Feb 12 17:36 pm |Rating: 0 -1 |Link to Comment
  • Could It Finally Be Time to Buy Sirius XM Stock? [View article]
    Whoever asked,

    You can trade bank debt. See www.lsta.org/
    Feb 05 10:28 am |Rating: +1 0 |Link to Comment
  • Fed Up with Sirius' Childish Customers  [View article]
    Puh-lease. The "Bubba Army" is an absurd fiction. Howard Stern is too insecure to put anyone with talent on his channel, so he got that useless terrestrial retread to fill airtime. He's moderately successful in a tiny market. There's another 100 or so people who could take his place in an instant and after a day or two nobody would notice, in part because they all do exactly the same bits.
    Jan 12 12:22 pm |Rating: +1 -2 |Link to Comment
  • 4 Signs for Further Caution by Satellite Radio Investors - Goldman  [View article]
    Up 10%? What bad news came out today?
    Nov 07 10:50 am |Rating: +1 -1 |Link to Comment
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