mydogniles

Sirius XM Works Hard to Reduce February Debt

when i hear the comments above i start to believe that we are truly at a bottom for SIRI. Relmor...don't take it out on Tyler. He's just doing his thing and throwing out ideas and information to generate discussion. Mel...that's a different story...he deserves the crap that gets laid on him out here. At the same time, though, the company does seem to be weathering this incredible economic storm pretty well. Still growing...although at slower rate what expected...cost reductions taking hold...and moving closer everday to positive cash flow. I think your criticism of Mel for blowing up this merger at the stockers expense is fair, but I doubt he had this crisis in mind when he made some of those decisions. My gut is that Mel is extremely confidant of SIRI's future, or at least was at the time of the merger, and never thought he'd have to go this far to keep the company alive. Let's see what happens on the financing of the debt. If Mel comes up with a new partner, or some decent terms to extend the debt, or whatever...this stock will pop back over a buck very quickly. The good news is that the company is performing and if SIRI can get thru the first half of next year then we should be ok. If Mel can't come up with a solution for the debt, though, I take all this good will back and will then agree totally with your assessment...Mel is a no good snake. We have until 3/1 for this to play out....