All sorts of bad things happen when a stock trades under $1. Some institutions can’t hold the shares. If the stock stays below the threshold too long, the Nasdaq can start delisting…
According to Reuters, Lehman (LEH) will release earnings a week early after its stock dropped 45%. Reuters reports that OPEC agreed to a surprise production cut. Reuters reports that CFOs are more…
SIRIUS XM Radio (NASDAQ: SIRI) updated its earnings guidance now that the company has started its merger integration. There is news in here for the bulls and bears alike. The company is…
Douglas A. McIntyre Several stocks made big moves today and substantial moves in volume. Included in equity and options action were Sirius (SIRI) and Microsoft (MSFT)
Sirius (SIRI) second quarter earnings demonstrated once again that, even after a merger with XM the new entity is not a viable business. The company’s gross subscriber additions were 1,029,287, barely above…
Douglas A. McIntyre On Thursday morning, we’ll get our first real earnings conference call out of Sirius Satellite Radio, Inc. (NASDAQ: SIRI) on a post-XM merger basis. Last week we got some of the preliminary…
Douglas A. McIntyre Mel Karmazin, CEO of Sirius Satellite Radio Inc. (NASDAQ: SIRI), has added to his position of company stock. In a show of force to show that he doesn’t want further share erosion…
Douglas A. McIntyre Western Refining (WNR) Snag at one of the company’s units and falling oil prices gang up. Drops to $6.47 from 52-week high of $58.95. KBR (KBR) Rough earnings numbers. Down to $22.94…
At the end of 2005, shares in Sirius (SIRI) were $7.87. At the end of 2006, they had fallen to $3.90. They now trade at $1.46. Seeing the stock price being cut…
Next week we may have the FOMC meeting, but analysts and economists are looking for no change in rates with the language growing more hawkish on inflation and more cautious on the…
Mel Karmazin of Sirius Satellite Radio Inc. (NASDAQ: SIRI) came on CNBC this morning defending the combined Sirius-XM in an exclusive with David Faber. This has shares somewhat higher by almost 4%,…
Douglas A. McIntyre SIRIUS Satellite Radio, Inc. (NASDAQ: SIRI) has finally completed its merger with XM Satellite Radio (XMSR). In fact, SIRIUS is the only surviving stock now as XM doesn’t trade any longer after…
Douglas A. McIntyre According to Reuters, Merrill Lynch (MER) said that it would sell $8.5 billion in stock and take large write-downs. Reuters report that KKR says the market slump is a good time to…
Jim Cramer came out tonight on CNBC’s MAD MONEY discussing his trade idea for the satellite radio merger approval. This is to focus on the current situation and pitfalls for shares of…
Douglas A. McIntyre The national economy has gotten so bad, driven by high commodities prices and a credit crisis which cannot seem to find a bottom, that some of America’s most well-known companies will have…