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Blogs about XMSR

Blogs	Description	Date Updated
XM Offers Big Rate Hike To Note Holders Not To Redeem	XM Satellite Radio (XMSR) said it cut a deal with 94.6% of the holders of its $400 million of 1.75% senior convertible notes, and will offer to exchange them for a new series of notes with a 10% interest rate but otherwise comparable terms. In return for the dramatic hike in the coupon, the noteholders have agreed not to assert any claim that the proposed merger of XM with Sirius Satellite Radio (SIRI) triggers a change of control provision that could allow the noteholders to demand XM buy back ...	June 27, 2008
Closing Bell: What a week -- the beatings will continue until morale improves	Filed under: After the bell, Major movement, Earnings reports, XM Satellite Radio (XMSR), Merrill Lynch (MER), Palm Inc (PALM), Economic dataOil was again the headline event today with the price per barrel near $142.00 and talk of $150.00 sooner rather than later. But all in all this day was far "less bad" than it could have been, especially if you consider the selloff yesterday, and consider that this was a Friday ahead of a shortened work week where traders are leery of holding positions. To t...	June 27, 2008
XM Satellite Radio volatility up; Shares at five-year low into FCC vote	Filed under: XM Satellite Radio (XMSR), Sirius Satellite Radio (SIRI), OptionsXM Satellite (NASDAQ: XMSR) closed at $7.38. XMSR and Sirius Satellite (NASDAQ: SIRI) announced a merger of equals in February of 2007. XMSR shareholders will receive 4.6 SIRI shares for each XMSR share. The FCC Chairman Kevin Martin recommended approval of the SIRI-XMSR merger. The FCC Commissioners could rule on the proposed merger soon. XMSR July option implied volatility of 114 is above its 26-week average of ...	June 27, 2008
XM Taps Credit Facility, Extends Chairman Contract (XMSR, SIRI)	XM Satellite Radio Inc. (NASDAQ: XMSR) and its XM Satellite Radio Holdings Inc. announced in a filing today that (on June 26, 2008) it has entered into a... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] ...	June 26, 2008
As Sirius (SIRI) Drops Below $2, Market Questions It Survival	Even with the news that the FCC is almost certain to approve the Sirius (SIRI) merger with XM Satellite (XMSR), shares in the company hit a 52-week low of... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] ...	June 22, 2008
Weekend Reading at VIN	Here are the week's best at Value Investing News1. Value Investing Works, and That Won’t Change(via www.circleofcompetenceblog.com)In a speech in 2007, Seth Klarman summed up, in one paragraph, why value investing works, and why that will never go away.2. Six Questions with CoC's Jeff Annello(via collegeanalysts.com)3. Dissecting Western Sizzlin’ Corporation : Circle of Competence(via www.circleofcompetenceblog.com)I take a look at Western Sizzlin' Corporation, a holding company in the mold ...	June 20, 2008
Fast Money Recap	Tech Trade Apple Computer (AAPL) announced that iTunes reached a milestone with 5 billion songs sold. Terranova said he lieks tech here. Najarian said he is behind hte tech rally and he favors Qualcom (QCOM), Broadcom (BRCM), Apple and Research In Motion (RIMM). He said IBM (IBM) won a service contract and the stock is going higher. Adami said he likes Microsoft (MSFT), Western Digital (WDC) and Apple. Macke said the action in MSFT suggest to him the stock is a short. Unusual Options Activity Na...	June 19, 2008
UPDATE: Exponential Volume Alerts on Sirius & XM… Reversal? (SIRI, XMSR)	If you are a price weighted volume trader that looks for reversal days with large sell-offs on huge volume, Sirius Satellite radio Holdings Inc. (NASDAQ: SIRI) and XM Satellite Radio Holdings Inc. (NASDAQ: XMSR) are sending you huge alerts today. Goldman Sachs killed the price targets and cut estimates for 2009 on the companies pre-market. At 12: 16 PM EST we have seen over 64 million shares of Sirius Satellite trade hands and shares are down almost 12% at $2.141. This marks a 52-week low on...	June 19, 2008
Closing bell: Bulls prevail as oil barrels cheapen	Filed under: After the bell, Major movement, Earnings reports, Deals, XM Satellite Radio (XMSR), Sirius Satellite Radio (SIRI)Stocks were up today, but less than you might imagine after a large drop of more than $4.00 on oil in late-day prices. So much for Goldman Sachs' raising oil target again today, as well as lifting the oil services sector and upping price targets for some of the sector's stocks . Here are today's unofficial closing bell index levels: DJIA 12062.93 (+33.87) S&am...	June 19, 2008
Major Down Price/Volume Alert: Sirius & XM (SIRI, XMSR)	Satellite radio stocks are being murdered in the pre-market session. Sirius Satellite Radio Holdings Inc. (NASDAQ: SIRI) and on XM Satellite Radio Holdings inc. (NASDAQ: XMSR) saw their price targets slashed by Goldman Sachs this morning. XM is trading down at $9.55 with about 10 minutes to open and it has traded over 180,000 shares. Sirius is down 5.6% at $2.29 in early trading on 1.2 million shares with 10 minutes to the open. Both stocks are putting in 52-week lows right before the open...	June 19, 2008

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