Damn, Sirius/XM stock down to 12 cents per share.

[Hepcat22]

Man, I have loved my XM radios since 2002 and I would hate to lose it but...

http://www.radio-info.com/sections/2-breaking-news/news_items/4215-sirius-xm-directors-buy-millions-of-shares-as-moodys-downgrades-the-stock

[Marc with a c]

i'll take one.

[angrymissy]

haha jeff talked his dad into buying a shitload of XM stock a while ago...

[OGC]

I'm glad I didn't invest my life savings a few weeks ago when it hit 24 cents.

[Zorro]

http://www.ronfez.net/forums/showthread.php?t=75662

Imagine being the mother of one another on the way and your husband relying on them for a paycheck

[NewYorkDragons80]

haha jeff talked his dad into buying a shitload of XM stock a while ago...

I bought at $.13 or $.14 a week or so ago. The sharholders have approved a reverse split, so it'll probably get it's shit kicked in again after that, making anybody who bought in 2005 feel REALLY dumb

[brettmojo]

Citadel stock is looking really good right now.

[cougarjake13]

haha jeff talked his dad into buying a shitload of XM stock a while ago...



sorry to hear that



thats why i dont invest

too much like gambling and i hate losing money

[Recyclerz]

I've been wrong before but I don't think the new, merged company is going out of business anytime soon. The stock is practically worthless because they have about a billion in debts coming due this year and in this credit market they are going to have a rough time raising that kind of cash. But Mr. Mel has the reputation of being able to sell ice cubes to Eskimoes (and has already gotten the merger approved, which was a long shot) and may be able to get the debt holders to accept preferred stock instead of cash. Even if he doesn't, I would bet on a Chap. 11 reorganization bankruptcy rather than a liquidation of the company. The new company has around 15 to 18 million customers paying around $12/month. That should be plenty to keep it afloat on an operating basis going forward while the big shots how negotiate much of the legacy debt from the crazy spending days (Oprah, Martha, HOWARD) gets paid and how much gets written off. From an investing perspective, buying the stock is pure speculation and is more likely to go to zero than above a dollar but could be not a crazy gamble if you are so inclined.

From a listener's perspective, I think the risk to the show is less that the platform will dissolve but that, as Ron has been signaling, the suits are now paying attention and may be less than enthralled with some of the non-traditional parts of the program (eg. Dave's excretions and, of course, the crying). Hopefully, the Bennington charm combined with his willingness to dig an eye out will steady the ship enough to get past these rough waters. (fingers crossed.)

[lleeder]

Right before Howard signed with Sirius I bought like 800 shares of Sirius stock. I sold it and doubled my money a couple of months later a little bit under the all time high. I know alot of people that were saying they were holding on to it cause it would just keep rising once he got there.

[Doogie]

Jim Kramer is saying that XM/Sirius (actually is just Sirius at this point, heard a channel earlier that said the station was just Sirius blah blah blah. XM channel left out) have accumulated more debt than they can pay out. He basically is saying here that there might be a lot of cuts going on with the satellite giant soon. Perhaps that does include on air talent.

Article is here: High points within the gloom (http://www.thestreet.com/story/10454910/1/cramer-good-news-within-the-gloom.html?puc=_cnnmoney&cm_ven=CNNMONEY&cm_cat=Free&cm_pla=Feed&cm_ite=Feed)

[aceofspades7]

you think this is why they are offering xm for life? just to generate some revenue?

[Meataball23]

you think this is why they are offering xm for life? just to generate some revenue?

Sirius has been offering it for years (i ripped one of my friends for getting it for a while) but after 4-5 years it kinda makes sense, just annoying theres no guarantee about the buddays or o&a.

[Zorro]

http://i109.photobucket.com/albums/n67/Chas4604/stern.jpg

http://www.nytimes.com/2008/12/28/business/media/28radio.html?emc=eta1

[celery]

http://i109.photobucket.com/albums/n67/Chas4604/stern.jpg

http://www.nytimes.com/2008/12/28/business/media/28radio.html?emc=eta1

It's pretty surprsing that they're still planning on doing this despite the financial shape they're in.

MR. KARMAZIN is one of the few executives who can say his business really is rocket science. Next year Sirius XM will send another satellite into orbit, at a cost of $250 million to $300 million.

[lleeder]

Today I called to cancel an extra radio I haven't been using. They said "hey we'll give you 3 more free months to decide whether or not you want it." This is the company in huge debt? No way.

[ndr]

Today I called to cancel an extra radio I haven't been using. They said "hey we'll give you 3 more free months to decide whether or not you want it." This is the company in huge debt? No way.

Called to re-up and was offered a "LIFE-TIME" subscription to Sirius/XM satellite radio for only $399!! Sounded pretty good until I realized it was like betting on the life-span of a a cancer patient :ohmy: Decided to just stick with the 1 year deal:thumbup:

[west milly Tom]

http://www.ronfez.net/forums/showthread.php?t=75662

Imagine being the mother of one another on the way and your husband relying on them for a paycheck



Dave and the family will be fine. Even if satellite raido goes the way of the dodo, ron & fez are never going away, and Dave is raw talent being molded my the best. Don't worry Casey you'll be fine.

[lleeder]

Called to re-up and was offered a "LIFE-TIME" subscription to Sirius/XM satellite radio for only $399!! Sounded pretty good until I realized it was like betting on the life-span of a a cancer patient :ohmy: Decided to just stick with the 1 year deal:thumbup:

Yeah I signed up for the lifetime membership on my main radio a day before Casey posted the article saying SiriusXM was picked to be gone in 09. :wallbash:

[SatCam]

Right before Howard signed with Sirius I bought like 800 shares of Sirius stock. I sold it and doubled my money a couple of months later a little bit under the all time high. I know alot of people that were saying they were holding on to it cause it would just keep rising once he got there.

Yeah I signed up for the lifetime membership on my main radio a day before Casey posted the article saying SiriusXM was picked to be gone in 09. :wallbash:

you broke even I guess

[Snoogans]

you realize that its so cheap, if you buy like 100000 shares, you could make it go up some and then just sell it, like a penny stock kinda

[SatCam]

you realize that its so cheap, if you buy like 100000 shares, you could make it go up some and then just sell it, like a penny stock kinda

yep, I just did that

now I'm so filthy rich I dont know what to do with myself

[lleeder]

yep, I just did that

now I'm so filthy rich I dont know what to do with myself

Kill yourself.

[zildjian361]

I bought at $.13 or $.14 a week or so ago. The sharholders have approved a reverse split, so it'll probably get it's shit kicked in again after that, making anybody who bought in 2005 feel REALLY dumb

a reverse split is bullshit you'l get 2 shares for every 1 you own but the price will go down to 6 cents a share so it's a wash. Actually it might be the other way around,the price per share doubles and you lose half your shares.

[Floppygrandma]

a reverse split is bullshit you'l get 2 shares for every 1 you own but the price will go down to 6 cents a share so it's a wash. Actually it might be the other way around,the price per share doubles and you lose half your shares.

Yea a reverse split = condensing the number of shares outstanding. They've authorized up to a 1-to-50 reverse split, so 50 shares of old stock you own = 1 share of the new stock. Of course it in no way negatively affects what you own - If you owned 100 shares of the old stock at it's blistering $0.12 price per share representing $12 of equity in the company, You'd own 2 shares of the new stock with a $6 share price representing... $12 of equity in the company (and at a price above $5 per share it would be open to mutual funds - many of which will not buy stock with prices under $5 per share.)

The real goal of the reverse split though is to get it above the $1 threshold that it requires to avoid delisting from the NASDAQ.

[zildjian361]

Yea a reverse split = condensing the number of shares outstanding. They've authorized up to a 1-to-50 reverse split, so 50 shares of old stock you own = 1 share of the new stock. Of course it in no way negatively affects what you own - If you owned 100 shares of the old stock at it's blistering $0.12 price per share representing $12 of equity in the company, You'd own 2 shares of the new stock with a $6 share price representing... $12 of equity in the company (and at a price above $5 per share it would be open to mutual funds - many of which will not buy stock with prices under $5 per share.)

The real goal of the reverse split though is to get it above the $1 threshold that it requires to avoid delisting from the NASDAQ.

Thanks Floppy that's what i meant to say,i think:wink:

[skyscraper]

I bought at 22.
dollars.
ouch.

[JAH1013]

U.S. Government bailout coming soon. Buy, buy, buy!

[toolshed]

Sirius gets bought by Clear Channel.....and we get 180 channels of censored satellite!

[Dr Steve]

Let's figure out what Mel's buy got him:

2 million shares at $1.37 = $2,740,000

2 millon shares at $0.14= $ 280,000

Total loss: $2,460,000

of course it's all on paper. If the stock rebounds, he's golden again. Any idea WHY this is happening? XM stock was, as I recall, about twice as strong as Sirius stock, both of which were above $3/share. Maybe my memory is fuzzy.

My day-to-day enjoyment of life will actually suffer if XM/Sirius doesn't make it. I can't imagine going back to my mp3 player or (shudder) FM radio.

[Earlshog]

Sirius gets bought by Clear Channel.....and we get 180 channels of censored satellite!

:huh:

[apexgunner]

I think they should offer the complete lineup instead of "the best of" each for $4 more.
It seems like they are still trying to keep the two companies seperated. Maybe they just need a little more time.

[jlehane]

But I could ask this guy next time I see him. He looks like a finance kinda guy. http://i12.photobucket.com/albums/a221/jlehane3/Fang20Face20on20Mars20ATS20photo-1.jpg I created the Ferengi for Star Trek.(1987)

[KnoxHarrington]

I think they should offer the complete lineup instead of "the best of" each for $4 more.
It seems like they are still trying to keep the two companies seperated. Maybe they just need a little more time.

My guess is that within a couple of months, receivers on either service will have exactly the same lineup with the appropriate "best of" package added.

[S0S]

My guess is that today, receivers on either service will have exactly the same lineup with the appropriate "best of" package added.


fixed. :down:

[cougarjake13]

so you're saying i shouldnt buy any stock ??

[TheO]

It would require some organization, but if we banded together with all the other message boards we could buy the company, we would all have to sell our houses and cars, and we would have to work the company, and live there, but we could do it just like the nerds in Revenge of the Nerds would've done it....., it'll be great:drunk: