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The Most Dangerous Place to Get Investing Advice
"Experience has taught me that the flip side of the panic coin is "opportunity.&quo... That's why, whenever I hear the word "crisis," I replace it with "opportunity"... As in the "Greatest Opportunity Since the Great Depression.""...
I have heard before that the Chinese symbol for opportunity and crisis are the same! just a factoid for everyone.....
GM/Chrysler Merger Could Be Very Interesting for Sirius
Is the following situation an rough conceptual reflection (I fudged the numbers so they are not exact) of what is going on with SIRI and convertible bonds?
SIRI, trading at $2.25/share, needs cash to pay of some XM debt, which they needed to do to merge. They say "Hey we need some cash! Who wants some bonds??" At some points it becomes clear that they will not be able to obtain the necessary cash through standard bonds... their choices are to negotiate a ridiculous interest rate of offer a different type of bond with some other incentive for the bondholder... convertible bonds... Here is where I am cloudy...
A convertible bond is convertible into shares at some point? When? how does the $1.50 figure play into this? What happens if SIRI is trading at $0.50/share when they mature? What has all the mention of the $3.80 or some figure in that area that would be required to be met for something to happen?? Any help or explanations would be greatly appreciated!
RJO
GM/Chrysler Merger Could Be Very Interesting for Sirius
Sirius XM's Bottom Line Could Get a Boost from "Best Of" Programming
health of financial sector as a whole---> availability of credit
Industry Penetration, Customer Sentiment, Auto Sales, Competition ---> Amount of Sirius cash and liquid assets ----> availability of credit (or hopefully ability to satisfy debt outright)
Industry Penetration, Customer Sentiment, Auto Sales, Competition ---> Improvement of Sirius's Cash Flow and Balance Sheet ----> availability of credit
Assuming the availability of credit or the cash to satisfy the long term debts as they become due is crucial to the survival of the firm as a stand alone company, I am sure there are more correlations and factors to be proposed. Thoughts?
Don't Believe Everything You Hear About Sirius
total financial system collapse = siri up
go figure....
Sirius XM Merger Appeal Looks Groundless
Jim Cramer's Unnecessary Beating Over Sirius
"Everyone in here I hope has at least a diploma or G.E.D. equivalent so you should be able to spell at some degree."
- Spelling: A+
- Grammar: F
Cramer Continues to Dig a Sirius Hole for Himself
What’s Going on with Sirius XM Stock?
Lehman, JP Morgan Weigh in on Newly-Formed Sirius XM Radio
Sirius Stock Up as CEO Buys Two Million Shares
Sirius Stock Up as CEO Buys Two Million Shares
Sirius XM Show or Tell - A Rebuttal
Sirius XM Show or Tell - A Rebuttal
I would get into more debates/arguments on these sights, but they too often just degenerate into personal insult contests.
Sirius XM's Long Road
In fact, if someone is into video editing, I think a funny youtube clip would be the two somehow edited together.
And for those who say that Cramer doesn't affect the stock - this is a speculative stock. Like presidential elections, the single stockholder/voter holds little control over the strock price/election result, but it is how they flock that determines the outcome. And, Cramer and people like him affect these how the masses flock.
I wonder how much of the price drop can be attributed to the hoopla about a reverse split - when the whole thing was just a spin of a very politician-like answer by Mel Karmazin about the possibility.