SATWAVES

Sirius XM Delisting: Not A Prayer

By David "Newman" Phillips There is no way to avoid it. This week, there is a going to be a PR release from Sirius XM (NASDAQ:SIRI) stating that they have received a delisting notice from the NASDAQ. As of the end of business on Monday, March 15th, Sirius XM officially ended their 180 day extension given to them by the NASDAQ to regain compliance with the Minimum Bid requirement of $1. As we all know, Sirius fell 2 days short with their run over $1 at the end of February. Below is a step-by-s...

Sirius XM & The (Non)Importance of March 15th

By Brandon Matthews It seems there is some confusion as to what March 15th will mean for Sirius XM Radio (Nasdaq: SIRI). The simple answer, as we know now, is nothing. Get the date out of your head, because it is absolutely meaningless. It became meaningless last week, when Sirius XM CEO announced that the company would appeal any letter it would receive if its shares fell short of maintaining the $1.00 minimum bid for ten consecutive trading days. Sirius XM had a certain window to trade a...

Sirius XM (SIRI) Investors: Rationality and the Reverse Split

By David "Newman" Phillips Yesterday, my colleague Brandon Matthews wrote an article regarding the timing for a reverse split. The article was met with a large number of comments, ranging from rational to uninformed to idiotic. It is clear that Sirius XM (NASDAQ:SIRI) investors are a passionate, emotional group. Most have said the same about Mr. Matthews, yet when he writes a story outlining facts instead of emotions, he is ridiculed for it. Many have even claimed that Brandon is a paid bashe...

Sirius XM Radio NASDAQ Non Compliance Creates Opportunity

By Brandon Matthews By now many are aware that Sirius XM Radio will soon receive a letter of non-compliance from the NASDAQ regarding its sub one dollar share price, a fact not lost on short sellers last week as they hope to turn event risk into profit. The media will no doubt help these short sellers by referring to the non compliance letter as a "delisting notice," helping to fuel investor fears. There are no doubt writers who already have their "delisting" articles ready to publish as soon...

What Are Sirius XM Radio Shares Really Worth?

By Brandon Matthews On any given day, there are dozens of professional stock "bashers" trolling the stock message boards and posting erroneous information on Sirius XM Radio (SIRI). Perhaps that is where Jim Cramer, CNBC and the multitude of biased financial media get their information, so with that in mind I set out to dispel some of the myths surrounding the company, by explaining the reality of things like revenue, debt and EBITDA growth. Our first myth involves Sirius XM debt and the b...