You make a big mistake failing to dig deeper here but that's not surprising. Failing to understand the reason behind the fundamentals and shorting SIRI is extremely risky. If the fundamentals are so poor, why has this stock rebounded as much as it has? Satellite radio has many enemies. It neared bankruptcy not because the technology is a failure (19million subs is not a failure), but because of a perfect storm of circumstances against it. Terrestrial radio has employed many dirty tactics to destory SiriusXM. It took 18 months for the merger to be approved. During this time, XM ran up the debt (Sirius made a profit last quarter, its the XM debt that makes the balance sheet look bad). By the time the merger went through, the economy and more specifically the auto industry had tanked. The credit freeze made it necessary to Mel Karmazin to get shall we say 'creative' with financing. Shares were lent for shorting, convertible bonds were issued. Due ot the credit freeze, SiriusXM took on toxic debt. A perfect opportunity existed to put the final nails in the coffin of this company with naked short selling. Attacks similar to the ones that destroyed bear sterns and lehman bros were launched against sirius and the share price crashed from $3 to .25 in about 6 weeks last aug/sept. Sirius stumbled through the next few months and finally reached a low of 5c in feburary as bankruptcy appeared to loom. Its at that point that Liberty Media stepped in and helped. In exchange they were given preferred shares convertible to a 40% stake in the company. But John Malone has bigger things in mind than taking over Sirius. The 40% will not be converted and exist only as an insurance policy. This is how Malone operates as can be seen in past rescue deals he has done. Malone's move gave this company a chance to breath. Since then, the fundamentals have improved at an astounding rate. Large funds are accumulating this stock because a rebound to the $2 is invetible. There is no way sirius investors could've anticipated what happened to them. To see it as whining is to miss the point completely. The criminal activity of naked short selling should not have been permitted and it nearly destroyed this company. The fact that it survived all that happened to it is testimony to how strong this company and its product is. The sky is the limit and you are completely missing the point to look at stock shock in ths short sighted way you have. An incredible opportunity exists here with a a huge subscriber base. Investors are just looking for an excuse to jump back all in on this company. In the 3rd or 4th quarter, this company is likley to show its first profit and the debt will be quickly paid off. Opportunities exist with Liberty taking a stake in worldspace for this company to go global. Other revenue streams are being developed and the survival of siriusxm means we have a new monolopoly on our hands with a product that is second to none. If you've had satellite radio in your car, its not likely you will ever want to be without it.

Sirius is one of the worst companies around, any idiot who can read a financial statement can see that...screw their "Revolutionary" technology, learn the meaning of the words "Debt" and "dilution", your ignorance disgusts me and you deserve to lose your $

Wow! sirius promoters made a movie to promote the stock, i'm sure RODM never tought of that.

Well Timothy, it was 3 weeks ago I wrote my comments and just now was reviewing some old stories about Sirius and saw you responded. Oops, you weren't a priority.
Anyway, maybe you'll see this maybe not. You are correct, any idiot CAN read a financial statement. But it takes a bit of brains and thinking outside the box to understand the story behind the numbers. Time will tell. Its easy to poke this company at this time but will you take back your comments if Mel succeeds in 2010?
Yes I understand the meaning of those words and certainly they are part of the equation here. But its short sighted to look only at that and not what is in the works.
You just go on looking for your pump & dump scams and be part of what's wrong with the stock market. You go on stealing money from newbies who "deserve" to lose their $ b/c they fell for pump & dumps. If you can sleep at night, good for you. Penny stocks have low enough volume that they can be influenced by people like you.
As for me, SIRI has performed very well for me this year. I started buying shares in February. Its been a rocky road but the trend continues up and soon Mel will report the best quarter in the merged company's history.

Yeah Bob, it's a great story. No wonder they made a movie about it.

These investors thought they were smart talking about short sellers hurting their investment.....interesting how both sides have equal buying power. Not to mention the previously stated lack of understanding towards revenues, balance sheets, shares out. etc. It's talked about like a sure thing...but this happened. Well my friend that's not a sure thing : )
Tim should make a rebut to this video and make these people own up to the loses they failed to understand.
Then again that would mean we care about these people.....

But...the author has not seen the movie?

Sirius XM was often listed as "the most shorted stock" in the market. Don't investors have a right to point out that fact--especially when the stock is on the Reg Sho list for naked short selling?

It was a good short because the company had HORRIFIC fundamentals....just learn to analyze fundamentals and u'll do better, no movie necessary

It was the most shorted stock for a reason. Being heavily short a stock doesn't make a company go bankrupt, it just exposes fundamentally crap companies.

If the company was in order(their figures), short sellers would have lost money. Sorry Denise but if it's getting drilled theres a reason for it. You can't keep a good man down and you can't keep a bad man up.