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Old 12-28-2006, 10:02 AM   #1
Join Date: Sep 08, 2006
Posts: 234
Whiskerbiscuit is on a distinguished road
Default McIntyre Corrected.

The Fool never said anything remotely related to Sirius Filing Bankruptcy. I invite you to take the time to read the Fool piece.

Is this guy paid off, an attention whore, or just too lazy to do his homework ? I have to believe such professional errors are "underwritten" by Satrad's competitors. Take a new pill Doug. Satrad is having a rough ride, but don't distort the realities.


Here's what was said in the Fool piece...

" But here's the thing: There's more than one quarter in a year. Even if Sirius does generate a cash profit this Q4, it's still burning through cash at the rate of $550 million over the course of the other three quarters. That means the company will need to continue piling on the debt, or diluting its shareholders with stock issuances -- or both -- to keep its operations running.

While this is certainly "better" than the alternative -- throwing in the towel and declaring bankruptcy -- it's a far cry from "good."


Here's what attention whore said ...

Sirius shareholders surrender
Posted Dec 28th 2006 8:48AM by Douglas McIntyre
Filed under: Forecasts, Bad news, XM Satellite Radio (XMSR), Sirius Satellite Radio (SIRI)

Just last December, Sirius Satellite Radio Inc. (NASDAQ:SIRI) shares were near $8. They hit a multi-year low yesterday at $3.50 without any catalyst seen to turn them back North again.

The Motley Fool has even mentioned that Sirius might declare bankruptcy to end its dependence on mountains of debt. At current prices, the stock still may be too high.

Sirius cut holiday expectations and year-end guidance, placing its goal to be cash flow positive in the fourth quarter in jeopardy. Rival XM Satellite Radio Holdings Inc. (NASDAQ:XMSR) had already muted expectations for the latter part of the year.

The big question about Sirius now is whether it can mount any meaningful growth in 2007 without sharply increasing its marketing costs per subscriber.

The prospects look dimmer all the time.

Douglas A. McIntyre is a partner at 24/7 Wall St.
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