ma33

Sirius XM Issues 67 Million Shares to Gain Breathing Room

What if?

1. They issue the new shares
2. Use that money to pay off the debt they have coming due in 09
3. With the money they save the synergies, plus not paying on the debt they bank money,
4. Then with that money plus the money from new subscribers, they purchase back the outstanding shares.

I know it is not that easy but no one could predict the turmoil that the credit markets have become.

That would be my attempt at righting the ship and making this company continue and increase shareholder value.

At this point I have decided to stay long. No guts No Glory!!! Losing all my investment would not bother me as much as if the stock turned around and I missed out on it.