new york shock exchange
new york shock exchange

Shock Comes to Harlem 2010 025
 
 

Latest Events
04/21/12 | 12:00 AM
Shock Exchange Comes to Harlem
Get Chitika | Premium
twitter
COACH BAKER MAKES CORRECT CALL ON SIRIUS? PDF Print E-mail

Image
John Malone to play role of White Knight?
(Picture from Associated Press) At our March 2008 investment meeting there was some sharp debate over the merits of Sirius Satellite Radio and its business prospects.  We cited Sirius' pending merger with XM Satellite and its higher than normal churn rate as concerns.  Mr. Baker added that when Don Imus did not bolt to Sirius after being fired by MSNBC, Imus' lack of confidence in satellite radio did not bode well for the industry.  Since March 2008, Sirius' stock has declined from $2.73/share to 6 cents/per share as of February 12, 2009.  Moreover, Sirius is contemplating filing for bankruptcy as it lacks the cash flow to repay its $3.25 billion of debt.  The following link describes Sirius' current financial straits. http://online.wsj.com/article/SB123440851532776029.html
 

Please login or register to post a comment.

< Prev   Next >
[ Back ]
 

Visitors: 2863875



  © New York Shock Exchange. All Rights Reserved.
ravernon.com