Sirius Roadkill

Tuesday Trading May Bring New Life to Sirius

thank you sl62 . . . well put.

and I add, was it really necessary for him to tear-up lottery tickets?

maybe he should have done more "homework" before proclaiming a $5 share price

lets go back a little further, say pre-Stern, when cramer had an afternoon radio gig on 92.3 k-rock and continually pounded sirius day-after-day (little conflict of interest there?)

lets remember right after stern, when jim proclaimed that "HD Radio" was the nex big thing and satellite radio had no future (HD what?)

lets remember jim tongue kissing his buddies everyday over at goldman sachs (oh yeah, thats right, they had a big piece of the converts and had a vested interest in shorting the common)

now old jimmie really luved his boyz over at GS cuz they were whispering sweet nothings in his ear. and jim and erin burnett had a real giggle fest with each other and their beloved GS.

that was until GS downgraded GENERAL ELECTRIC. What? how dare they? they must not have the right guys working over there anymore
(for those who aren't aware, GE is the parent of CNBC and jeff Imult is basically Cramer's boss; get it?)

cramer is playing the same game with retail investors he played as a hedgie.

he is not a friend of the common man as he professes. the sooner people stop the idol worship and tune him out the better off they will be.

cramer is the smartest man in the room. just ask him.




On Feb 15 12:07 PM sl62 wrote:

> airman...
>
> I just wanted to respectfully respond with my opinion about your
> post on the other article about Cramer. All anyone has to do is watch
> but a few episodes of Mad Money to realize Jim Cramer is a jester.
> His show is based entirely on entertaining buyers and sellers of
> common stock. Sure, he will be right on some calls, but mainly he
> is wrong. Why? Because that is the case with ANYBODY trying to anticipate
> the market. That's why his opinion of the overall market changes
> everyday. He has not once stuck to any opinion he has given. First,
> it was the fortress 4 banks. Then it was the fortress 5. Finally,
> all he said he would trust is No Trust. He said we would head into
> a depression if TARP wasn't passed. Then it was passed and he said
> TARP is the reason we still might head into a depression. Hs calls
> on SIRI were abominable. And I would offer that most people who have
> taken his advice, are right now mostly underwater, waiting for their
> cost basis to come back around. All his sound effects are ridiculous.
> His hype is insane. All distractions to a "real investor". His goal
> is to sell his books, keep his ratings high and maintain his self-appointed
> status of pied piper of the stock market--which he is not.
>
> As far as SIRI goes. As cos1000 said, he was the one who told the
> world about the hedge....when Mel never would have on his appearance.
> However Mel never denied it and he agreed with it under his breath.
> Here's the problem. Just because Cramer know the SP was going down
> and we didn't believe it...NO ONE knew just how far. No one knew
> that it would have to go all the way down as it has. So listening
> to Cramer so you could properly allocate your share buy, is pure
> conjecture (unless you yourself had a crystal ball). It was NEVER
> a foregone conclusion the SP would touch .04 in AH. There were many
> other circumstances in play with this besides Cramer saying the stock
> will become worthless. To further support that thesis, it is known
> that Cramer disbelieves in any stock under 1.00 and deems them "worthless".
> So there is your misnomer. To Cramer an SP is worthless whether it's
> .90 or .09. And some of us out here know that's untrue.

Sirius XM: Working on Debt, But Not Out of the Woods

Note to Charlie Ergen:

Now Charlie . . . you were not very nice to our CEO Mel Karmazin in making his personal home phone number public. Imagine all of the aggravation and grief that your disrespectful act caused Mel and his family.

How would YOU like it if someone did that to YOU . . . or if someone were to stage a parade in front of your personal residence because the address was published on the internet. I bet YOU wouldn't like it very much.

Here's my advice Charlie . . . take your convertible bonds, go home and live to fight another day. This one ain't worth the personal aggravation.

Surely you don't need the same level of aggravation you exposed Mel to 4 years ago when you publicly displayed his home phone # to your TV subscribers, right?

I mean come'on, whats a $175 mil between friends? A simple public apology to Mel would also be helpful in healing these old wounds . . .

Will John Malone Rescue Sirius XM?

what has to scare you with the media is when the coverage is this bad on a topic you actually know something about . . . imagine how much mis/dis information we are getting daily on topics where we have no clue

it used to be "don't believe everything you read in the paper." now its don't believe anything you read

Sirius: Is Chapter 11 Good for Shareholders?

you could almost say that there is a "short-bubble" with this stock

question is can Mel pop the bubble?



On Feb 12 06:37 PM cos1000 wrote:

> sorry, or do you buy and close it?

Sirius XM at Work - Largest Pool of Potential Subscribers

SEEKING ALPHA SAYS:

"Write on stocks trading
above $1 a share
We do not cover penny stocks due to concern for manipulation."

Tuesday Trading May Bring New Life to Sirius

True. Here were Mel's own words shortly after the 12/18 shareholders meeting when rumors of a prepack BK were first selectively leaked . .

During the shareholder meeting, Mr. Karmazin acknowledges that bankruptcy is a possibility if the company cannot reach agreement with lenders, but he says it is unlikely.

“You have to play the hand you’re dealt,” he says in the interview. “Right now, I don’t like my hand. But we’ll play it.”




On Feb 15 05:57 PM wirestripper wrote:

> I think the point is that the raft of news articles warning of bankruptcy
> were based on that one legal admonition. This bankruptcy potential
> was already well known for many trading weeks, and that little admonition
> would have been part of the 8K if they did not get refinancing or
> a bridge loan as they negotiated the debt that is coming due. <br/>
>
> This is the reason Egan made his move. The insertion of the disclaimer
> came after the fact and not before so it was moot and not worthy
> of the press it recieved, in my opinion and some others.

Tuesday Trading May Bring New Life to Sirius

john, i agree with your assessment.







On Feb 15 03:23 PM 163888 wrote:

> Sirus Road Kill, I dont think alot of dilution will be part of this
> deal. ThaI will say it again go back and reread the NY Post article
> It says "bridge loan". there would be very little dilution from a
> brige loan. (of course if the article it true) Now will there be
> fees for it yes will they pay some in shares or cash I dont know.
> I just dont see a massive dilution to the stock from a brige loan.
> Once again a bridge loan is not exchanging shares for stock.

Tuesday Trading May Bring New Life to Sirius

amen


On Feb 15 01:03 PM relmar2003 wrote:

> No, they are shutting up now, they dont even want Sirius in the head
> lines anymore...This is what they hope for...The common investor
> looks away from Sirius, thinking BK is inevitable...
> 3 days later they pop in to see if it hit zero yet, and see 1.20
> next to it...No stories from the WSJ or the AP appear anywhere about
> this stock.
> They have to keep it out of the news next week, or people will notice
> the SP jump. No bad news, then there is NO NEWS.

Tuesday Trading May Bring New Life to Sirius

dilution doesn't scare me one bit. we've already paid for it; it's more than baked-in at this point

for a down'n dirty perspective, take projected pfcf for '09 and apply a 1X next year's growth rate multiple . . . then divide at current dilution, at 75% dilution and at full dilution . . . I can live with that sp for '09 . . . but we have got to show qtr-to-qtr reports that are on target to meet projections!

2 news angles I see in coming days:

1.) shareholders suffer massive dilution (like that's really news)

2.) siri kicks debt-can down the road

Tuesday Trading May Bring New Life to Sirius

good info cos . . thanks! I know researching this stuff can be pretty time consuming. much appreciated here.

news flow is dead hence deal announcement is imminent . . just hope the media doesn't try to spin the dilution angle, which I know they will (enter Cramer stage left).


On Feb 15 10:45 AM cos1000 wrote:

> To fill the time I did do a little digging about DTV and their financial
> condition from their last 10Q for the period ending 9/10/08. Might
> as well get to know who this White Knight is and whether they really
> are in a position to help.....
>
> 1. Their Cash &amp; Cash equivalents went from $1.08B on 12/31/07,
> to $2.99B on 9/31/08.
> 2. Y O Y Revenues went from $12.4B to $14.4B
> 3. Most of their increase in COH came from increasing its LTD position
> from $3.4B to $5.8B. None of this debt is due until 2013 and beyond.
>
> 5. Net income for the company gone from 1.1B to 1.2B YoY.
> 6. DTV has a $500M Revolving credit facility that is fully available
> for operations as needed or Strategic Investments.
>
> It would appear that DTV is capable, simply by using its $500M for
> Strategic Investment, to assist in helping to fund Sirius Xm's debt.
> I am much more encouraged after looking at DTV's financial statements
> than I was when I looked at DISH and Ergen's position.

Sirius XM: Working on Debt, But Not Out of the Woods

relmor/sl62/asm/connor

once the bridge-loan arrangement is announced and formalized, which will definitely include an announcement that the May bank debt has also been restructured, the news cycle will shift to a new headline on the order of "Malone Rescues Siri, Investors Face Massive Dilution"

I guarantee the above. Copy & paste this post somewhere.

They will totally ignore that the dilution has been baked-into the share price since NOVEMBER. They will totally ignore the positive Q4 earnings . . . they will continue to write scare pieces.

Please keep posting the links to these scare-pieces here.

One-by-one we will dismantle the drive-by media and it WILL be personal, the same way Charlie made it personal with Mel . . the guilty must suffer!


On Feb 14 12:09 PM relmar2003 wrote:

> YOu guys are missing out on yahoo message board.
> There you get the best and most outrageous angles on what the bashers
> have as ammo.
> They are still on the BK thing..
> Bashers are drying up over there..
> Down to a core of about 4 of them now..
> And get this...
> One just posted a bogus article written by the washington post..Citing
> authors name and everything. He just committed secruities fraud,
> and he doesnt even know it. Around 100 people just reported him to
> the post and the SEC..
> I am happy to report the bashers have NOTHING to even comment on
> today. They are even giving in on the bridge loan saying its just
> a temporary fix, and they will file in may now!!!
> HAHHAHAHAHAHHAH
> I love it.
> This is looking good so far..
> Almost 16 hours since the news broke, and no retractions or other
> headlines denying this news. 2 days to go...

Sirius XM: Working on Debt, But Not Out of the Woods

To the Real James J. Cramer:

Hey Jim, just saw some more drive-by reporting over at your website . . you need to tighten-up the editorial control over there and stop the drive-by reporting.

You see Jim, there's a certain pumpkin farm in Hunterdon County, NJ that is getting a pretty nice tax break for a bogus farming operation.

See Jim, it works like this. . . when someone gets a property tax subsidy for a bogus Gentlemen's farm, your neighbors have to reach into their pockets to make up that difference ... Christie Whitman tried it Jim, but then she got caught. Ya see? And I didn't even need to work a hedge fund to figure out that math, right?

So, we're pretty much done here. I think you get the message. I don't expect this will have to go any further.

BOOYAH Jim.

Mel, this is another of my many gifts to you. As long as the mainstream media continues to misreport this story I will be sending you little gifts like this everyday . . . drip, drip, drip.

Perhaps some of the other media outlets will become more judicious in their reporting . . . we will see. Perhaps they will soon understand how their erroneous and misleading reports effect the personal lives of shareholders . . .

Will John Malone Rescue Sirius XM?

right. but they might be light on the $175 if you factor-in cash reserve requirements from the other debt .

Restructuring other debt might lower the reserve which would free-up the needed $175 . . .


On Feb 13 03:29 PM mogami_99 wrote:

> Hi, If they have 175mil for Feb then Ergen has nothing. The terms
> of the debt are Sirius will deposit the balance in 3rd party account
> by certain time on 17 Feb. 3rd party then waits for holder of bonds
> to collect. Once Sirius makes the deposit on time their obligation
> is fullfilled. If they have 175 million then they are fine. If not
> and they do not obtain it by 17 Feb then all the other deals default
> right along with the Feb debt. (it is in the wording of all these
> bonds and warrants)
> too bad companies are not required to always post their bank accounts.
>

Will John Malone Rescue Sirius XM?

more money in the coffers to take out Ergen . . .


On Feb 13 03:24 PM mogami_99 wrote:

> Hi, I am now a subscriber. Just signed up for the internet option.
> The music sounds CD quality to me but I must admit I have a severe
> hearing loss from military service.

Will John Malone Rescue Sirius XM?

I think homer may have this one right too . . . next announcement will be that the May bank debt has been restructured contingent upon paying-off the Feb converts.

I wonder how any of the restructuring would/will effect the current cash reserve requirements (which we still have been unable to nail down); I wonder if that could free-up additional cash to take-out Ergen?


On Feb 13 03:15 PM cos1000 wrote:

> We need one more piece of good news before COB or else we'll probably
> just stick around here between .10 - .11