Whoa. When I look at the Shareholder Equity, its negative. This is telling me that according to the balance sheet, if everything had to be "worked out" today, the common shares would be worthless. Now I understand what has happened to the stock.
As I have said in the past, forget about the debt, the have very very valuable assets, the biggest hottest radio station in New York and LA... My ex employer was involved in a lawsuit with emms almost 15 years ago... They are a legit company and are not going anywhere.
Cause what is going on right now is ridiculous, its all over the place, 1.06, 1.11 .10 1.04, just jumping around with no rhyme or reason and all with gaps in bid ask of 3 cents or more.
Well i set my sell at 1.28, for 12430 shares, thank god it never hit it yesterday cause the order was canceled... And at end of yesterday Sirius's 4th quarter report wasn't to good. which is great for terrestrial radio... New sell point will be around 1.50 for me, then buy back at any point below 1.50
SIRI stock might be down, but that does not really have anything to do with the impact of Satellite on Terrestrial. SIRI had a net addition of subscribers, and continues to grow, and that is not good for terrestrial radio.