When you are about to invest in a penny stock, the number one question you need to ask yourself is: What’s the catalyst?

Liberty Media Corp. (LCAPA) will acquire two board seats and as much as 40% of Sirius XM Radio Inc. (SIRI) in exchange for $530 million in loans.  The deal creates a satellite-media juggernaut combining DirectTV Group Inc. (DTV), the largest satellite-TV provider, and the sole U.S. satellite-radio operator.

Sirius was a shaky company during a booming economy. Now that the economy is drowning in pain, satellite radio is doing exactly as we said it would. Crash and burn.

Andrew Snyder at Today’s Financial News names off one company that will be slaughtered by a massive drop in consumer spending.  To make matters worse, this company has a massive debt obligation coming due this week. If they miss this payment, they could enter default.