Blah, blah, blah, etc.

Liberty's Sirius Preferred Stake Expected to Be Spun Off

Here's an example of how that would work:

www.sec.gov/Archives/e...

Liberty's Sirius Preferred Stake Expected to Be Spun Off

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.

SIRIUS XM Radio Q4 2008 Earnings Call Transcript

No mention of rev split or delisting. I think the extension of NASDAQ waiver makes it a short-term non-issue.

Sirius: RBC Urges Investors to Remain on Sidelines Following Latest Earnings

Huge volume surge... what's going on???

Sirius XM’s British Invasion

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.

The Sirius Price of Liberty

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.

The Sirius Price of Liberty

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.

6 Key Points from the Liberty / Sirius XM Deal - Merrill

"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.

Sirius: Is Chapter 11 Good for Shareholders?

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?

Could It Finally Be Time to Buy Sirius XM Stock?

Whoever asked,

You can trade bank debt. See www.lsta.org/

Fed Up with Sirius' Childish Customers

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.

4 Signs for Further Caution by Satellite Radio Investors - Goldman

Up 10%? What bad news came out today?

Sirius XM Radio Faces Shareholder Suit

In answer to Cos1000, anything not in the company's interest is also not in the shareholders' interest, plain and simple.

What a waste of time, money, company resources, the courts, etc. These people are the worst sort of vultures.

This suit goes nowhere, period. It eats up company resources exactly when they are needed most urgently. It is aimed only at getting a settlement for the TTT-grad, strike suit lawyers who prey on disappointed shareholders because they couldn't get real jobs.

Managers have a duty of loyalty and a duty of care. No court is going to find a breach of the duty of loyalty, period. It just doesn't happen absent extraoardinary facts, like selling off assets to family members at deep discounts or other such blatant self-dealing. No court is going to find a breach of duty of care, either. That is an extremely low bar, basically if they show up for work and appear to have a slight interest in the day-to-day running of the company, they meet that duty.

This is complete idiocy.

Finally Some Good News for Sirius Shareholders

For the innocent (i.e., non-lawyer) reader, as it was most succinctly defined in Shapiro v. Magaziner, "[s]trike suits are 'shareholder' derivative actions begun with the hope of winning large attorneys' fees or private settlements, and with no intention of benefitting the corporation on behalf of which suit is theoretically brought." 210 A. 2d 890, 894 (Pa. 1965).

Apart from the frivolous nature of these suits, they ignore the most important premise of corporations: managers manage, shareholders sharehold. If you don't like it, vote against it. Vote against the split. Vote against the increase in shares. Vote out the board. By all means, this is your right. But don't think you can manage a publicly held corporation better than the people the board hired (and yes, you could, in fact, do worse).

Suing a company that is already down is pure stupidity. You won't get your money back, but the plaintiffs lawyer will make hundreds of thousands. This is the sole purpose of these suits. Don't be a sucker (or be a sucker again, depending on your SIRI outlook).

Finally Some Good News for Sirius Shareholders

I don't see how forcing the company to defend a strike suit helps anyone other than the plaintiffs lawyer behind this scheme. They position themselves as fighting for the shareholder, when that is never the case.

That said, maybe some really bad news would move the price up, since the converse has been true.