WTHarvey

Royalty Changes in Terrestrial Radio Could Bode Well for Sirius XM

The NAB has 35 billboard-size ads in the subway station at the Capitol Bldg stop in DC - all singing the same tune, that this is a bad bill. They've literally bought the station, their ads are the only ones to be seen. To be sure, few Congresspeople take the subway but their staffs do.

Sirius XM Radio Conference Call - Five Hidden Gems

A perfect storm...for the shorts.

A Rare Opportunity to Gain Inside Perspective on Liberty's Sirius Investment

Here's a link: denver.bizjournals.com...

Sirius' Future Looks More Promising Than Ever

Every time the TED spread drops SIRI looks better: The TED spread is the difference between the interest rates on interbank loans and short-term U.S. government debt. The TED spread is an indicator of perceived credit risk in the general economy. During 2007, the subprime mortgage crisis ballooned the TED spread to a region of 150-200 bps. On September 17, 2008, the record set after the Black Monday crash of 1987 was broken as the TED spread exceeded 300 bps. Some higher readings for the spread were due to inability to obtain accurate LIBOR rates in the absence of a liquid unsecured lending market. On October 10, 2008, the TED spread reached another new high of 465 basis points.

From the following Bloomberg chart, you can see that the TED spread is hitting new lows every day. Ergo, the perceived risk of SIRI's debt is actually ONE THIRD what it was when the stock was 10 TIMES higher. And SIRI's subscriber base just keeps growing.

www.bloomberg.com/apps...

Who was it that said, 'The times they are a'changin'?