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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: peter michaelson who wrote (82960)	1/14/2003 3:21:54 AM
From: RockyBalboa	Respond to of 122087

I suppose, to his little dog?

To: peter michaelson who wrote (82960)	1/14/2003 9:44:31 AM
From: who cares?	Respond to of 122087

When is the last time you said something nice to someone? I do it all the time. See that's another thing you don't get. When I compliment someone it means more to them than if someone like you does, because with me I don't say good job or have a nice day or anything just as a matter of formality or because I feel it's what society expects, I do it because I really mean it. And on the other hand you also know when I don't like something, where as the G8 types had/have a reputation as smiling and shaking your hand and then when you weren't around, saying that guy is an ass. For instance when Pluvia, or Bear, or just about anyone ever left AP's site, people that were supposedly friendly with them would bad mouth since it was suddenly the cool thing to do. Must follow group think. There has been quite a bit of joking about that, stuff like, what will they say about me when I leave, etc.(Of course I was/am so beloved everyone pined for my return) Now if you will excuse me I have to send some of my negativity towards J Armans Musey, the genius that raised SIRI to outperform at Solly using such brilliant logic as this.... Our 2003 target price for SIRI is $2 per share. We arrive at this value via a DCF model that employs a 2008 terminal multiple of 10.0x free cash flow and a discount rate of 35.0% for a current EV of $3.4 billion. First, there is the risk that market acceptance of satellite radio fails to materialize as currently anticipated. Our current projections assume Sirius will be able to generate close to 2.3 million subscribers by the end of 2004 and 8.8 million by the end of 2007. LOLOLOLOLOLOLL. Actually I should have nice things to say about the guy since he's giving me a great re-entry price.

To: peter michaelson who wrote (82960)	1/15/2003 12:07:39 PM
From: who cares?	Read Replies (1) \| Respond to of 122087

re: SIRI to me, after reading the filings it looks like you have the bondholders, and they don't want the company to go BK because they get almost nothing. Previous satellite bust ups have shown that the 3 floating birds are not gonna be worth anything to anyone. Then you have these moron hedge funds that own a big wad of prefferred and they don't want a BK because they lose everything. So the company tries to raise money, but no one is biting, and it's toast. So the majority bondholders agree to change there debt into shares providing the company can get some money, and the hedge fund guys figure they'll put in $200mm more for shares at around $.95. The cash they put in gives the company another year to bleed cash, so the hedgies are betting they can dump $200mm plus of stock in a year, even though the bondholder guys will be dumping as well. Or scenario two is that you actually believe that people are now suddenly going to subscribe in droves, even though they've only got 29k people so far, compared to 200k for XMSR, and SIRI cost $3/month more. That's of course idiotic to me, so I believe it's scenario one. And since these big players will soon have a lot of stock to dump, I would imagine we'll see this thing get pumped and dumped repeatedly in the next year. Should be a nice cash cow for shorts, and i'm sure tooldude types can play the bounce to, weeeeeee. Is that about what you guys came up with? Oh and did you read the part in the SEC filing about how all sattelites that I think it was Hughes made since 1997 have some parts failing on them that could lead to toal failure(including SIRI's) but the failures they've had so far haven't been that bad and they don't anticipate any bad ones, LOL. I can just picture there sats flying through space, spewing the occasional nut, bold or circuit board.