Sirius XM Up to Its Ears in Debt

Sirius XM (SIRI Quote) finds itself in a tough financial position with little light at the end of the tunnel amid concerns over the satellite radio provider's ability to repay or refinance a bevy of debt obligations due next year.

That news is undoubtedly hard for shareholders to swallow, as they've already seen the value of Sirius XM's stock tumble more than 65% since the merger between Sirius and XM was completed in late July.

Shares have closed under $1 for more than a week now, opening the door to the possibility that a Nasdaq delisting notice -- which gives the company six months to shape up or ship out -- could soon follow if the stock were to remain at these levels for another three weeks. ...