between the hedges_

Satellite Radio Has Found the Key to Success

This stock is completely and totally speculative at this point. As a young man, I speculate on stocks. However, I only put a small percentage of my portfolio into stocks such as this one. I think that the product is excellent, but a review of the balance sheet clearly demonstrates that the company has a boat load of long term debt in a recessionary environment. There are other headwinds. We could potentially have a double dip recession. The fact that banks are going to have to reshuffle their balance sheets when the modifications expire concerns me. This could lead to a deepening of the credit freeze. Additionally, corporations are facing tough times and may have to leave the commercial real estate further destroying the banks balance sheet. The federal government is "out of bullets" as Meredith Whitney states. Sirius has gone up 1300 % trough to peak and with the potential of Howard leaving, the lawsuit, a refreezing of credit further crippling the auto industry next year, the company may not be able to pay back their loans and the equity may be further diluted even after a reverse split. That is why it is speculative. Of course, the company could re-sign Howard, the auto market could pick up, Sky Dock and other non-new production sales could recover, new programming could draw in more customers, the company could get bought out, and the stock could soar. That is why it is speculative. That is why it is only a small percentage of my portfolio. I suggest diversification.

Sirius XM: Latest News Roundup

An astute analyst estimated 1 mill subs would leave Siri XM with Stern. I would not think that they would be gone for long when they listen to all the ads on FM, but lets take the assumption and look at it. 1 mill x 12 month x 17.95/mo ($215.4 mill). $215.4 mill less $81 mill cost is still a cool annual rev of $134.4 mill. If this assumption is true, then I would agree with Jerrold that we need to keep Stern on board. Instead of simply paying him big money, however, I would offer him a very nice option package similar to the one Mel received but much grander in scale.

Sirius XM: Latest News Roundup

If Stern is costing us 80 mill a year and not adding add'l subs, let him go. See ya, wouldn't want to be ya.

Sirius XM: Latest News Roundup

No respect again for calling the news ahead of time about Stern. Stern threatens to quit. AP. That is why the price action is negative and volume is high. In any event, Stern is old news and you can only listen to farts and women having fake orgasms for so long until it becomes irrelevant. The only thing that you have to do to realize that Sat Radio is here for good is go on a business trip for 5 hours in your car and listen to FM. AaAAAAAAHHHHHHHH. I was ready to pull over and buy a sat rad and sub and put it in that dude's car that I was riding with.

Sirius XM: Latest News Roundup

Oh Pell and JPearce. Really? Maybe its the sun spots. OOOOO. Or could it be spectrum. OOOOOO. Wait what happens if Santa's sleigh accidently hits a satellite? Get real losers.

Sirius XM: Latest News Roundup

Its amazing how when I call a daily bottom and the stock starts going back up, I get no respect. Why don't you two little chicken littles go back in your coop, Pell and J Pearce. The sky ain't falling.

Sirius XM: Latest News Roundup

With volume out there this high at 11:20, get ready for some breaking news. Anyone heard anything? When do contract negotiations for Howard have to be determined?

Sirius XM: Latest News Roundup

Pell: Not a bad limit to set. If Howard does not renew, the stock will scream lower than .52 on pure panic. But if Howard renews, you need to reconsider your limit.

Sirius XM: Latest News Roundup

Pell: You can set a limit buy too. Please go get the books Trading 101 and Trading for Dummies.

Sirius XM: Latest News Roundup

Pell: Grab your cahones and set a limit order. That way when it reaches your limit it will auto trade. While you are running around on this board like chicken little trying to scare everyone, I'm the placid and educated retail buyer grabbing up shares as the morons like you hand them over to institutional buyers who have large orders out there at brokerages dying to buy at these moments. Like I said earlier. Do not cower and give your shares away as the stock falls with volatility.

Sirius XM: Latest News Roundup

Don't forget, the lower the market cap, the more valuable the target.

Sirius XM: Latest News Roundup

Mr. Stupid. I agree. Good call on entry point. Big ? for you though. Are you a buyer here? Put your pride on the line and tell us. Buy here or no. I'm a buyer.

Sirius XM: Latest News Roundup

Here's your volatility Pell. Panick or take advantage? Pell = Panic. BTH = take advantage and buy.

Sirius XM: Latest News Roundup

Because RAF is busy buying not panicking.

Sirius XM: Latest News Roundup

By the way, if you are long the financials and techs, you are absolutely nuts. They are about to crater. Especially the financials. A whole new round of rate resets will occur. Also, the banks are going to have to re-write their books to account for temporary loan modifications that are not going to be permanent due to people not submitting their paperwork to turn the mods from temp to perm. Back to the stock at hand. The market is irrational. The retail investors are panicking out of Siri due to Citadel broadcasting bankrupcy. The opposite should occur. People should be panicking in because Sirius has sent one more competitor to bankrupcy!