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  • A Tale of Two Economies: Manufacturing vs. Services
    Sirius Long Hauler, I have both myself. I still have the ones I paid alot more for on both. I would say DSX just because of the dividend but that is gone for now. NM is a good one because it was suppose to be a growth stock plus they have their own port on the West Coast of South America, so they will always have a good income no matter where the shipping rates go. Given the choice mow I would say DSX it is the safest play there is a reason they did not drop as much as the rest. I think while alot of the shipping companies have some of these DSX has more. Like, low debt, high FCF, great credit rating, vary low (these days, very very very) price to earnings ratio, Long term charters for most of their ships, and a huge income compared to cost ratio (it cost 16,000 per day to operate a capsize ship but many of the contracts are for 6 to 10 times that amount.
    Jan 08 17:01 pm |Rating: +2 0 |Link to Comment |View article
  • A Tale of Two Economies: Manufacturing vs. Services
    Sirius Long Hauler, This maybe just my opinion but they will be well well well over just being FCF positive for the forth quarter. I actually think it will be more then enough to take care of Feb debt with some left over. Now "homer" believes that the cost of the merger will take a bite out of it, but we disagree there. I think most of those cost were in the 3rd quarter and that the savings will in this quarter start to out pace that. I make my estimates going from prior years increases and do not take into account the merger. SIRI 2005 almost break even FCF in 4th Q, 2006 SIRI 30 million to the positive, 2007 SIRI 80 million to the positive. I think you can see where I get 200 million FCF positive (in the 4th Q) for both from. That once again is just my opinion though.
    Jan 08 16:08 pm |Rating: +3 0 |Link to Comment |View article
  • A Tale of Two Economies: Manufacturing vs. Services
    Hey killer, just hanging around. We are almost there with SIRIXM buddy, get ready. Also I dont know if this is the best PPS to be buying DSX but I would get some soon. I feel so good about that one, that I still have most of the crap I bought at 10, dont miss the boat, LOL.

    cos1000 you remember what I said about the time to buy the shipping sector is coming up, then again with this economy nothing is a sure thing anymore.
    Jan 08 15:55 pm |Rating: +2 0 |Link to Comment |View article
  • A Tale of Two Economies: Manufacturing vs. Services
    relmor you really dont understand how economies work, do you. You know what is another "red haring", it is when people say; it is ok that I bought a Toyota because they have a factory in the US. That is a load of crap because all the profits go back to Japan and spent there. Just Like when people who have no understanding of how macro economics works, say companies here are shipping jobs over seas.

    Also the products that we consume of theirs are not theirs, they are ours, they just make them for us (the american companies which make the bulk of the profits that come back to the USA) and the rest of the world. If you really think the future is in manufacturing you are out of your mind. It is in research and development. Why do you think it is so important to get an education



    Yes you are correct Mel did say they were years away from having those radios that was after all 2 "YEARS" ago. Remember this merger took a year and a half, then add the 6 to 9 months and there you have it, years away.
    Jan 08 15:45 pm |Rating: +2 -2 |Link to Comment |View article
  • A Tale of Two Economies: Manufacturing vs. Services
    mogami_99, Good will is a "red haring" it has to do with the PPS going down. Do you really think anyone is going to report that they made 5 billion in goodwill if the PPS gets back to where it was before (meaning the price they paid for XM in PPS is now even again). I dont think so because that can be taken as good news.
    Jan 08 14:15 pm |Rating: +1 0 |Link to Comment |View article
  • A Tale of Two Economies: Manufacturing vs. Services
    relmor, Do you guys not read, holy crap the FCC agree ment said 9 months from the time of the merger. Do you think that time frame was just pick out of a hat, I would think most didn't. As a matter of fact I said to cos1000 back then that knowing Mel it will be alot sooner like 6 months. The fact is "relmor it was know big secret when this radio was going to be coming out.
    Jan 08 13:26 pm |Rating: +3 0 |Link to Comment |View article
  • A Tale of Two Economies: Manufacturing vs. Services
    relmor, Y ou are wrong on your first comment. For instance take a look at Israeals GDP it used to be almost as large as all the rest of the Middle East combined. Think about it, the smallest countrty in the area,with no real oil reserves or major manufacturing income used to beat (before the increase in the price of oil, now that that is back down they will once again beat them)all the rest of the countries in the Middle East combined.

    For those that keep wanting to try and compare this reccession to the depression then you have no clue about history. Go back and look at the mid to late 70s or as I like to call them "THE CARTER YEARS" it was much much worse then then it is now. Could it get as bad again, yes because dumb a$$ people just elected a man just as and even more liberial as Carter. The fact is we got through those times and we will get through these.
    Jan 08 13:13 pm |Rating: +3 -1 |Link to Comment |View article
  • Sirius XM Works Hard to Reduce February Debt
    P.S. MERRY CHRISTMAS EVERYONE.
    Dec 24 07:10 am |Rating: +3 -1 |Link to Comment |View article
  • Sirius XM Works Hard to Reduce February Debt
    cos1000, Yea the share holders were not given any notice of how the financing would be done. I dont think there was much notice to be given, look at how fast it happen.. Do you really think there was a better way and Mel just said; F that, I want the worst possible terms just so I can screw over the share holders. By the way I am not a believer that those converts were the ones that took the stock down to were it is today. They may have been the reason for the PPS going to .8 or even .6 but the rest I believe is others playing around with it.

    P.S. Remember I said back in Aug., that there was going to be about 5 or 6 months of tough times ahead before we get anywhere. Now while I did not think the PPS would get this low, I have no real explanation for, that is why I am still a big believer in the company. While the financing is going to be difficult I think it will get done, like it did about 4 years ago. You do remember what happen with the PPS after it got done dont you.
    Dec 24 07:09 am |Rating: +2 -2 |Link to Comment |View article
  • Sirius XM Works Hard to Reduce February Debt
    Tyler Savery, people are fickle, they change their minds on a stock, without looking into the reasons for things, they go just by the PPS. I still look at SIRIXM and say they are in the best position they have ever been in. Like I have said before the debt was always there. Did people think it would just magically disappear. Are the penalties worse to get it done now with the credit market in turmoil, YES. I still believe that those penalties are small compared to where they are now with the merger. I'll bet you that the same people will change their minds again and be calling Mel a genus when the financing is all taken care of and the PPS is back up. I just wish I had certain peoples addresses so I could mail them a "I told you so", because those people will no longer be posting here or they will say they bought back in just in time to catch the rise in PPS. I believe Mel did what he had to do to get the most important thing done to get them in the position they are in now.

    cos1000, did Mel do it on share holders backs, that maybe true. Who are the ones that are going to profit from it though (at least the faithfull one will)? Yes thats right the share holders. The one thing that would stop this would be a failed bankruptcy protection. Now that I feel is out of the realm of possibilities. So if I have to wait a little longer for SIRIXM to get to be the media giant that they will now be after the merger, so be it, I will wait. Once again the financing is the last hurdle to greatness for SIRIXM and if it takes alot of dilution (or even a RS), also so be it. I'll wait for three or four 2 for 1 splits and it going to 80 (that is possible if a RS happens).
    Dec 23 18:55 pm |Rating: +2 -3 |Link to Comment |View article
  • Clarifying Sirius XM Reverse Split Issue
    To people that are worried about the RS, that is not the concern there is no loss there. It is the dilution that is costing you. Now if they use shares to pay back the debt then you are not lossing there ether. Thats one reason the shares SIRI gave up was not really dilution (the effect is the same though), they were lended out not given out. Which brings me to this, there may be another convert deal and some of these new shares would be used for that purpose. Once again not real dilution because the shares that the old converts have would go back to SIRIXM. I believe if Mel could screw over GS in the process all the better.



    Round & Long, man where was that insight back 5 years ago when I first got in this stock and it was trading between .50 and 1.00 a share trying to refinance over a billion with barly any revenue coming in (just over 12 million a year). While there were people saying the same then, as you are now, I am glad I did not take their advise then, because I would not have been able to sell SIRI for between 5 and 8 after buying it at .97. You see the fact of the matter is, back then SIRI was a long shot with only hopes off being where it is now. Was I and still am confedent they would be able to refinance this debt, YES, after seeing them refinance a billion with only 12 million coming in. I never saw this debt being as big a problem as many thought and still think it is. Are there going to be penalties for getting it , YES. Those penalties are small compared to where they are now standing at this point. You my friend just have no idea, just how big that spectrum SIRIXM holds is. Here is a example for you to ponder: What is Clear Channel worth, what are all the radio companies in the US worth? Well SIRIXM has more spectrum then them all. Clear Channels over 700 stations does not even come close to the coverage SIRIXM has. Ask your self how long and how much did it cost Clear Channel to get to the position they are in today, 30 years and many more billions then SIRIXM? Well Mel got SIRIXM to the same place as Clear Channel and more in just under 4 years at a much much much reduced cost to boot..
    Dec 22 19:21 pm |Rating: +2 0 |Link to Comment |View article
  • Satellite Radio Is Not Immune to Big Three Troubles
    killerkaul, I stoped watching him totally after his total reversal on SIRI. TEVA was bad enough to make me stop watching him most of the time but after SIRI He just makes me sick now. The problem I have with him is not just that he was negitive on SIRI, it was how he fliped as fast as a pancake, without any warning.
    Dec 16 17:42 pm |Rating: 0 0 |Link to Comment |View article
  • Satellite Radio Is Not Immune to Big Three Troubles
    cos1000, DSX is one reason for me thinking of getting back to work. I dont want to sell what I got at 10. I still think they are cutting their dividend to take advantage of this economy and buy more ships at cut rate prices. I would rather get some part time job like "killerkaul" to just get through this short fall, to see if I can make more down the line. I just hope I dont have to do it for to long.
    Dec 16 12:26 pm |Rating: 0 -1 |Link to Comment |View article
  • 'Save Sirius' May Be Going Too Far
    markbmark, The judge is saying; Come to me with facts and not rumor and conjecture. He is saying; I will not hear a case were you think you can just through everything on the wall, just to see if anything sticks. He is saying; The case brought before him is baseless and has no real evidence to back up the allocations the plantiff is making.
    Dec 15 14:07 pm |Rating: 0 -1 |Link to Comment |View article
  • Satellite Radio Is Not Immune to Big Three Troubles
    FoolNHisMoney, to be honest, I dont really care about your bones. You try having a clear thought with a screaming kid in one arm. I have to admit though, I could care less about spelling errors.


    killerkaul, HAPPY BIRTHDAY


    cos1000, I may have to get back in the work force again, This sucks, cant get a good enough rate on CDs, and the dividends are all getting cut.
    Dec 15 08:14 am |Rating: 0 -1 |Link to Comment |View article

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