Did sirius xm file bankruptcy

There are certainly plenty of other catalysts that may warm investors over the next four months:. The next four months will be critical. If Sirius XM can't get its stock price moving higher after all of these potential catalysts play out, filing for Chapter 11 may be its only way out. I still don't see it happening because the move would deflate morale at the company and create a defection of subscribers who don't understand that bankruptcy reorganization may wipe out common shareholders, but not kill the product itself.

Either way, these next four months will dictate the gamble that owning Sirius XM shares has become. Up for the death pool? Post the date that you feel that Sirius XM will file for Chapter 11 bankruptcy protection in the comment box below. I'm sticking to my original vote -- that it won't have to file. If the company does ultimately file, I'll make sure I give the person closest to the actual date proper props in a follow-up column.

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Stock Market. Industries to Invest In. Personally, I think the satellite radio business is a viable concern with a really poor capital structure. Ergen could bring synergy, customer care and marketing.

I think he's interested in the business beyond just the spectrum. Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. I agree to TheMaven's Terms and Policy. Report shares were cut in half Wednesday after reports the satellite radio provider could be forced to file for bankruptcy or be acquired by another company.

Late Tuesday, The New York Times reported that Sirius XM may file for Chapter 11 bankruptcy protection "within days," and that it had been working with a restructuring expert and a bankruptcy lawyer to prepare for such a filing.

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