• Get involved.
    We want your input!
    Apply for Membership and join the conversations about everything related to broadcasting.

    After we receive your registration, a moderator will review it. After your registration is approved, you will be permitted to post.
    If you use a disposable or false email address, your registration will be rejected.

    After your membership is approved, please take a minute to tell us a little bit about yourself.
    https://www.radiodiscussions.com/forums/introduce-yourself.1088/

    Thanks in advance and have fun!
    RadioDiscussions Administrators

Breaking News on Radio and Records website

R

RadioStarOne

Go there and read it. Shareholders are going after Uncle Mel and the boards for screwing up the two companies. This is going to get nasty quickly.
 
Mel suckered investors well, but in the end doesn't need them. If Sirius filed bankruptcy tomorrow, all it would mean is Mel gets rid of the investors. The operation does fine and will continue just as it always did. Nearly 17 million subscribers and growing and nearly 2 million income a month could mean private take over by a private equity firm or even a terrestrial heavyweight like Clear Channel or even CBS. But don't count on bankruptcy any time soon. Mel still looks golden minus invenstors, Sirius takes care of an upcoming balloon debt payment, and the only suckers that loose are those stupid enough to invest money. Don't confuse investing with operating a company. Sirius is doing fine and will continue to do so. As for investing in Sirius, the world of investing often makes no sense. It matters little, investors don't pay for Sirius debt, Sirius does. And they will renegotiate the debt, pay of the 300mil this Feb and sat radio will continue to grow as it is.
 
Hey, sometimes reality sucks. But investing in the market is often a let down. Sirius has a good formula and will do well, but that does not always translate into a good stock. And as the market goes, it often makes no sense. Why investors suddenly turned on Apple is complete stupidity. Apple is the new technological leader and those same dumb investors who believed they should run will be back once Apple shows again why it is a solid company that will lead future technology stocks. Sirius should be a good stock as XM. Funny how XM was $30 alone and now it's worth nothing. Nothing changed, just investors perception.
 
RadioStarOne said:
Go there and read it. Shareholders are going after Uncle Mel and the boards for screwing up the two companies. This is going to get nasty quickly.
Click to expand...

I don't recall that either company was exactly a cash cow before Mel took over Sirius either.
 
Status
This thread has been closed due to inactivity. You can create a new thread to discuss this topic.


Back
Top Bottom