Comments on: Sirius XM Headed for Bankruptcy? http://www.zatznotfunny.com/2009-02/sirius-xm-headed-for-bankruptcy/ All your digital media goodness. Tue, 16 Mar 2010 03:42:19 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: nike http://www.zatznotfunny.com/2009-02/sirius-xm-headed-for-bankruptcy/comment-page-1/#comment-86098 nike Fri, 13 Feb 2009 16:19:36 +0000 http://www.zatznotfunny.com/?p=7664#comment-86098 .115, I'm out. (I actually think it will now) Could go higher, but i'm not greedy. two kias! .115, I’m out. (I actually think it will now) Could go higher, but i’m not greedy.

two kias!

]]> By: Dave Zatz http://www.zatznotfunny.com/2009-02/sirius-xm-headed-for-bankruptcy/comment-page-1/#comment-86079 Dave Zatz Thu, 12 Feb 2009 17:33:31 +0000 http://www.zatznotfunny.com/?p=7664#comment-86079 Yah, I saw some of the Liberty coverage last night. Whatever happens, if anything, needs to be quick because a lot of money comes due next week. Yah, I saw some of the Liberty coverage last night. Whatever happens, if anything, needs to be quick because a lot of money comes due next week.

]]> By: Greg Glockner http://www.zatznotfunny.com/2009-02/sirius-xm-headed-for-bankruptcy/comment-page-1/#comment-86078 Greg Glockner Thu, 12 Feb 2009 17:30:17 +0000 http://www.zatznotfunny.com/?p=7664#comment-86078 CrunchGear (TechCrunch) is reporting that DirecTV may also be interested in XM-Sirius: http://www.crunchgear.com/2009/02/12/directv-now-sniffing-around-sirius-xm-may-be-looking-to-brush-aside-dish-network-in-possible-deal/ CrunchGear (TechCrunch) is reporting that DirecTV may also be interested in XM-Sirius: http://www.crunchgear.com/2009/02/12/directv-now-sniffing-around-sirius-xm-may-be-looking-to-brush-aside-dish-network-in-possible-deal/

]]> By: Tyler http://www.zatznotfunny.com/2009-02/sirius-xm-headed-for-bankruptcy/comment-page-1/#comment-86077 Tyler Thu, 12 Feb 2009 14:30:22 +0000 http://www.zatznotfunny.com/?p=7664#comment-86077 I have been riding this stock all the way down since the spring. I have learned my lesson of never buying stocks you have emotional attachment with. I have been riding this stock all the way down since the spring. I have learned my lesson of never buying stocks you have emotional attachment with.

]]> By: nike http://www.zatznotfunny.com/2009-02/sirius-xm-headed-for-bankruptcy/comment-page-1/#comment-86070 nike Wed, 11 Feb 2009 21:01:29 +0000 http://www.zatznotfunny.com/?p=7664#comment-86070 I took a little taste today, bout a kia's worth at .055. We'll see. I took a little taste today, bout a kia’s worth at .055. We’ll see.

]]> By: Dave Zatz http://www.zatznotfunny.com/2009-02/sirius-xm-headed-for-bankruptcy/comment-page-1/#comment-86069 Dave Zatz Wed, 11 Feb 2009 20:47:40 +0000 http://www.zatznotfunny.com/?p=7664#comment-86069 Normally, I'd agree that those long-term or lifetime contracts wouldn't be touched. But I also didn't foresee their new pricing schemes making subscribing <i>less</i> attractive. We shall see... (Given that, I should probably amend my statement above to imply I don't expect any interruption in broadcast rather than no impact on subscribers.) Normally, I’d agree that those long-term or lifetime contracts wouldn’t be touched. But I also didn’t foresee their new pricing schemes making subscribing less attractive. We shall see… (Given that, I should probably amend my statement above to imply I don’t expect any interruption in broadcast rather than no impact on subscribers.)

]]> By: Davis Freeberg http://www.zatznotfunny.com/2009-02/sirius-xm-headed-for-bankruptcy/comment-page-1/#comment-86067 Davis Freeberg Wed, 11 Feb 2009 20:28:53 +0000 http://www.zatznotfunny.com/?p=7664#comment-86067 Thanks for the complement, but I'm no wiser then anyone else. I just don't think that they'd spend money on a bankruptcy specialist like Alvarez & Marsal without intending to file. If they leaked this info two or three months ago, I would have agreed that they were trying to negotiate with their bondholders, but when you consider that the debt comes due on the 15th, it doesn't give them enough time to play out a game of chicken. I'm hopeful that once they go into bankruptcy, they'll be able to cancel the outrageous multi-million dollar deals for content and at least restructure a good chunk of their debt. If the company can emerge leaner and meaner, it should mean better service for their customers in the long run. One possible wrinkle for some subscribers would be what happens if you have a lifetime subscription on a Sirius gadget? Technically, I'd assume that they would become unsecured creditors and could see those subscriptions wiped out. Not sure if Sirius bondholders would force this or not because of the consumer backlash, but it is a risk that you take when you buy a long term service from a company with a lot of debt. Thanks for the complement, but I’m no wiser then anyone else. I just don’t think that they’d spend money on a bankruptcy specialist like Alvarez & Marsal without intending to file. If they leaked this info two or three months ago, I would have agreed that they were trying to negotiate with their bondholders, but when you consider that the debt comes due on the 15th, it doesn’t give them enough time to play out a game of chicken. I’m hopeful that once they go into bankruptcy, they’ll be able to cancel the outrageous multi-million dollar deals for content and at least restructure a good chunk of their debt. If the company can emerge leaner and meaner, it should mean better service for their customers in the long run.

One possible wrinkle for some subscribers would be what happens if you have a lifetime subscription on a Sirius gadget? Technically, I’d assume that they would become unsecured creditors and could see those subscriptions wiped out. Not sure if Sirius bondholders would force this or not because of the consumer backlash, but it is a risk that you take when you buy a long term service from a company with a lot of debt.

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