"Brother, can you spare a dime?" During the Great Depression, ten cents could buy a little something for those really hard up.
Results 1 - 10 of 81 for "SIRI"
Not a huge revelation here, but the market is showing particular disdain today for any stocks that give off an aroma of a need for more capital. Here’s a slightly random list of companies which have in common largely the fact that they will eventually need to raise cash to refinance debt or to carry out their business plan. All have fairly leveraged balance sheets. And all have been rippe...
Sirius XM is still feeling the heat after its controversial cost-slashing.
Filed under: Bad news, General Motors (GM), Sirius Satellite Radio (SIRI)Sirius XM (NSADAQ: SIRI) faces a number of problems. Those caused the stock to drop to 20 cents yesterday, down from a 52-week high of $3.94. Sirius is not only sitting on between $3 billion and $4 billion in debt. It has also never posted a net profit. There are still questions about whether its merger with XM Satellite w...
To look at the big picture, you’d think the market was downright tranquil today. The Nasdaq Composite rose 1.22 points, or 0.08%, to 1483.27. Ah, a day when nothing happened. Right? Wrong. Beneath the surface, there are an eye-opening number of stock continue to post horrible losses, often with no obvious explanation. Clearly, there are hedge funds dumping stocks to raise case, investors ...
Fears that GM (GM) could go into Chapter 11 are driving Sirius XM (SIRI) shares toward zero. The stock hit $.20 today and closed off by 13%. Sirius relies on car manufacturers for the majority of its new subscriptions. The odds are remarkably high that if GM does not make it, neither will Sirius. Douglas A. McIntyre
Sirius (SIRI) traded down to $.20 on concern that a bankruptcy at GM (GM) could ruin its already troubled business. The 52-week high is $2.94. Citigroup (C) Still concerns that bank can hold off a government rescue due to consumer debt balance sheet issues. Drops to $7.89 from 52-week high of $35.29. CIT Group (CIT) Analyst said CIT's ability to become a commercial bank is critical to its futur...
Filed under: OilIn something that sounded straight out of the movies, the world learned Monday about the hijacking of the MV Sirius Star over the weekend. The oil-rich supertanker was attacked and hijacked by Somali pirates in deep water in a brazen move that left even Navy Adm. Michael G. Mullen, chairman of the U.S. Joint Chiefs of Staff, "stunned."In addition to carrying about $100 million i...
Sirius XM keeps getting cheaper.
Filed under: Bad news, Sirius Satellite Radio (SIRI)As Jamie Dlugosch mentioned a few days ago, Sirius XM Radio (NASDAQ: SIRI) shares are trading for less than a can of pop at the local gas station. The company, which just completed its merger this past summer, saw its biggest customer -- automakers -- fall on hard times just as it was poised to try and grow as a combined company. Timing is eve...