Sirius Satellite Radio (SIRI) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Sirius Satellite Radio (SIRI)

SIRI 21.03

-2.8%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: billcasto who wrote (954)	10/9/2004 10:27:30 PM
From: i-node	of 8420

>> should of known that these low lifes at Sirius would do this Stern thing to run up the stock to get more cash in a secondary offering. Unfortunately, they have a long-established trend of doing this. So bad, in fact, that Xm actually made reference to it in their CC a couple quarters ago. XM was asked about something and responded that everytime Sirius announces one of these new deals they follow it up in a few days with a new secondary. It is predictable, although, I really thought they had enough money to get by without it for now -- I thought they'd put it off until next year. I believe the Q3 financials are going to be frightenly bad. It may be they wanted to capitalize on this pop in the share price before the bad news hits. In particular, if their subs are higher than expected (due to XM's stockouts as well as the peak of the NFL gains) the SACs are going to be really, really bad.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next