Three Reasons for Sirius Aggravation 117 comments
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I had thought all day of writing this article. Perhaps it was that my attitude became worse as the day progressed, and other issues clouded my original idea, but I now have three issues to address. Now I’m angry!
I first need to make it clear that I also lost my favorite station (Buzzsaw) to the recent channel changes. I reserved my judgment, however, before I considered writing about it. I have read many other articles, not surprisingly as negative as the NAB-controlled media could muster. You may have noticed the term “elimination” in regards to Sirius XM’s (SIRI) channel offerings used ad infinitum in these knee-jerk articles written by writers of whom I have already expressed my opinion. Of course that word leaves would-be subscribers with the belief that they are somehow getting less for their dollar than they would have previously.
Nothing could be further from the truth. The fact is that the channels were consolidated, not eliminated, and the benefits are many. Every channel I listened to Monday gave the Sirius and XM station that it was streamed to as its identifier. This single act alone leads to the inevitable conclusion that the service just got EASIER to understand. Not everyone is a Satellite Radio expert. Many people would just like to turn on the car and have the radio work. Would you want different FM stations on a Dodge Caravan than in a Honda Pilot?
Let's take a look at your average car buyer and just for argument's sake assume this individual purchased a Chevrolet Malibu. Three years later this same individual buys a Ford. The services were so different that making the transition from one Satellite Radio provider to the other becomes the most confusing part of owning that new car. The new lineup will make it easier for anyone buying any make or model car to easily find their favorite Sirius XM channels. There will be virtually no difference in the new car experience and Sirius XM is a better service today for that simple reason.
The next issue I want to address is the outrageous behavior of a certain group calling themselves “Save Sirius.” I admit I know very little about their agenda, but I do know they are headed by our old friend Michael Hartlieb. I have had several conversations with Michael and I have to say I am very disappointed again. Unfortunately, one issue stands out in mind from out most recent conversation. Michael commented to me with a slightly cynical laugh that he was told by persons at the FCC that, barring his actions relating to interoperable radios, the merger would have been approved back in January.
This means, of course, that had Michael not delayed the merger through actions that were found to be without merit, the merger would have been approved before the economy went into recession. This means that the company would have had 2 extra quarters of combined revenues and decreased costs to contend with the debt issues now upon them. My opinion of the self titled group “Save Sirius” is on par with the actions of C3SR - another self righteous, hypocritical group seeking nothing more than the demise of Satellite Radio. In other words, Michael, you need to remove the plank from your own eye, so you will see clearly to remove the speck from your brothers!
Last, I’d like to address the auto bailout plan. In a word, my answer is NO! Remember when people used to build cars in America. People now build robots that build cars. Engines are made in Mexico. Electrical components in India. Here’s an idea I’d like to see the automakers try. Lower Your Prices! That’s why employee pricing worked so well when it was introduced. If Chevy sold a Malibu for 10,000 dollars, they would not be able to produce enough to meet the demand.
Everyone was excited to see hybrids and alternative fuel vehicles, only to walk away dismayed to learn that any fuel savings was added to the purchase price of the vehicle. No one wants to pay 30,000 dollars for a car with a 5 year life span. It makes no economic sense. Cars and trucks are overpriced. They have become a severe liability to the average American. A brake job on a 2 year old car should not cost 2500.00 to repair. The car companies have been bleeding America dry for decades; it’s time they gave a little back.
Positions: Long SIRI
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This article has 117 comments:
Long Sirius
Looking back in history, to 1929 through 1932, Herbert Hoover felt the same way, feeling that these "panics",as they were called back then, were needed and cathartic for the economy. As the panic deepened, it became too late for conventional recovery methods. It ultimatey took WWII and the preceding militaty build-up to finally bring the economy around to boom times again.
Do you really want to see one of the few industries left in the country fail and lay off 100,000s of workers and the resulting tricle-down to smaller companies? The snowball effect would be devastating.
Punish the guilty later. Make new laws to prevent this from happening again but act and act now. Itis a lot bigger than the survival of Sirius/XM!
Henry Ford's company reduced the price of his early cars for several years knowing that such a reduction would open up wider markets. No one wants to mortgage a freaking tool that will wear out and/or lose its value before it is paid off.
...7 airbags, Tier III emissions, 5mph bumpers, side impact standards, stability control, ABS controllers, rollover protection, bigger wheels, etc, bring a subcompact over 3,000 lb.
If you want people to buy cars with Sirius, start importing Japanese Kei-class micro-trucks & micro-vans. Until that happens, I will drink sake and stare blankly at my 89.97% loss.
As for Siri , the best solution to their troubles is to sell the government 2 or 3 channels for a billion dollars ( or whatever it takes to pay off all debt ) ....I have sent this idea to siri investor relations , I have also just read this same idea on a minyanville article ( so I think it has merit ) ...and if Siri doesn't at least TRY to get government help in exchange for a couple of channels . then it will be obvious they are not interested in truly salvaging our equity ....but must have other objectives
This is a NO BRAINER ........IF Siri were to sell or lease the government 2 or 3 channels for 1-2 Billion dollars -
1. Debt would be completely paid off
2. No need to issue more shares
3. No need for a reverse split
4. The short interest would dry up
5. The PPS would be at 5.00 in a week
If Siri does not pursue this idea , then something is very F'd up in Melville .........
I am surprised Brandon or Tyler have not written an opinion / article on this subject ...............we have an elephant in the room that no one is talking about
What affect do you think this headline would have on Siri stock PPS - " Siri in discussions with congress over bailout in exchange for 2 channels " ....................yo... can bet your ass Siri would never see 25 cents again after that ..........It would pop to a dollar overnight
I have studied the R/S and no matter how I try I still don't see how it does not ruin investors. Having only 1/50th the number of stocks means you will never see your initial investment again. It might be good for Sirius to be able to again dilute the stock to payoff debt (and screw a whole new batch of investors)
What they need to do is
1. Prove they can pay the debt without R/S
2. Stop diluting
3. Promise to buy back and cancell stocks
If these could be assured the SP would rise.
I am afraid in the future we will be wishing for the "good old days" when Sirius stock was .41
Or maybe they need a bunch of "game show" channels where someone wins a million dollars every week but you have to have a sub and radio to play. Many Americans currently are using the "win the lottery" retirement plan. This way rather then spending their welfare check on tickets they spend the monthy radio subscription and listen to the radio all day. Can you play "Texas hold-em" by radio, while driving?
Now.........
Brandon Matthews if you read your comments-" Mister Long SIRI"... does that mean your bullish- would you buy more at this price?? Let these prople know.
If not - be quiet about this stock and go write about how a combination of greed and American apathy towards our fathers and grandfathers make of cars ruined the industry-
In fact the auto workers of America need to be let go and form a national chain (without a union) of "real "auto mechanics-people that can actually fix the over teched cars without a $100,000.00 machine to fix the crap they make. "30 dollars" an hour plus insurance and fringe to run a robot! come on you are kidding
I cant get anyone to fix anything properly.Nor can you-The first or the second time.!
But, dont worry these US grade autos may not work well but by God they will sound good because they have satellite radio..............
Hybrids in general are a joke , and no one will be laughing in 5 years when they have to buy new batteries for 5,000 dollars
and Hybrid Escalades are the mother of all jokes
If the U.S. auto companies concentrated on building high quality , fuel efficient , gasoline / or natural gas , cars and trucks ...........and the government removed most of the auto standards like airbags ( I know they are for safety , but a seatbelt is good enough for me if it will save me 2,000 dollars on every car I buy ) .........and the auto industry removed perks and benefits ( if you make 30 dollars an hour , you can buy your own health care and save for retirement ) ...... we might as well get used to the fact that the days of perks and benefits are coming to an end ...........if America doesn't get it's manufacturing / exports back , none of us will have a job .........and we now have to compete in a global market .........There is no way American companies can continue to fund pensions and health care .............. AND , I might add , the days of CEO's making 100 million dollars needs to end too ........ especially when their companies are failing .......... that's rediculous
I know we are supposed to be talking SIRI here , but hell what's new ??? This week Siri sucks 3 cents more / less than last week ????
IF MICHAEL HARTLIEB IS PARTIALY RESPONSIBLE FOR THE MERGER DELAY
LET IT BE TOLD
HE SHOULD BE ASHAMED OF HIM SELF
IM HEAVLY INVESTED IN THIS STOCK IM DOWN 98%
I HAVE SPOKEN TO HIM , JUST LIKE OTHER'S HERE DID
HE CAN TALK UP A STORM
HE BOMBARDS ME DAILY WITH EMAIL'S
IM SICK OF THIS STUFF
I JUST HOPE HE IS NOT EMPLOYED BY WIENKES
Why is there no interaction with alpha-guys? its like they wave, then throw a bone on the ground -and watch all of you fight over it
I have written little, I have read alot, and see absolutly anything come out of your own personal interactions.
I have read some really good ideas in fact-much better then is written and released on the web thru this "alpha" service
Brandon- you are like the car companies and sirius- elusive ,mysterious, without a true mission ,and untouchable. Whats the point?
Time for "editor " opinion-otherwise Brandon you have a useless job and probably next on the cut list-Speak to your writers!
Your article is so right on, it is scary! I have been reading your blogs for several months now, and some of the critical replies, but I must tell you that this one is the best thing you have ever done. I am a marketing type in the manufacturing world, and your comments about automobile companies pricing themselves out of business is exactly right on. Here is the fallacy: every time a manufacturer starts losing money (or making less profit) they raise prices. Can you guess what usually happens? Sure, less people buy the product. The result is less revenue and, again, even lower profit. So, they raise prices again, and maybe even downsize, laying off some key people. The quality of the product and efficiency goes down (due to overwork of those still drawing a paycheck). Does this cycle sound familiar? Why doesn't it ever occur to do what you suggested? Lower the price and sell more units! This will drive increased revenue and profits. In economics, it is called the elastic demand curve. It won't work in all situations, but it is rarely ever considered. I believe it could work in the automobile industry.
You're making WAY too much sense.........
There's nothing about this stock that's related to sense.......
I thoink I'm gonna cut my wrist with a dull plastic knife...........
This is absolutely insane.
It seems pretty clear now that we're going to BK, privatization or dilution & RS.
I can't see how this stock can possibly come back from here. Not with the economy we have in front of us.............
I am right here, what can I say today that I didn't say on the last article.... I am fully invested and used my last bit of powder on Sirius today.... What now.... every time the stock goes down your going to blame me.... I have been cautious at these prices and did not say that the stock would pop. I said that only positive news followed by positive analyst reports will move this stock up.... I have pointed out the manipulation at a penny at a time and relayed all that here.... I am as frustrated as anyone, but nothing has happened for me to think the company is going BK. If you go back to when I was in the trader mode 1-1/2 ago, I said that I thought the stock would retest its intraday lows, that's why I left some out to by today. I bought back in last week because I didn't want to be out in case they announce financing. Nothing has changed for me, but it sounds like you have had enough. You need to decide for yourself what to do.
Up the tail pipe again
Your bashing only shows your own ignorance..... You know all there is to know and who everyone is and how it all works like everyone else who jumps on this board every day the stock goes down... I'm here regardless of what you think.
By the way as far as Cramer goes, I already conceded many days ago that we all paid for the education on what Convertible Bond and Arbitrage does to a company's common shareholders, Cramer was probably the ONLY one that was right. Of course I know that you knew the effect that the merger refinancing would have on the stock price back in August. You just failed to educate us all on that point. Your like the sickening sports fan that plays a perfect Sunday afternoon football game every Monday morning. Nice .........
******** The tools available to the retail investor clearly outline the evidence pointing to the game being rigged against the retail investor. With the loosely defined regulation its clear that even their they are writing the rules that we play by. At this point I am in this stock to try and get some money back, and have the time put in here give me an education moving forward. Everyone is talking about a pop and short squeeze and they may be right, but my feeling is the stock price will only move on positive news, refinancing of debt and autos right now, and that may cause the pop. The catalyst will be the NEWs the result will be the short squeeze or pop up. My feeling only major positive events and positive targets from GS will move this stock over a $1.
This is that waiting period after the call I was talking about....... not much to do but throw the stick and watch the dog here......cos
Since your so convinced the stock is going to zero, why do you own shares? And if you dont own shares, why are you here? To warn us? No, its to ridule us for owning a stock going down. Theres a lot of boards you can go on to do that. Why dont you go on a Washington Mutal board.... What excuse do they have?
Since all rational people know this company isnt going bankrupt, we are now determining how best to get money back when it will evenutally be higher than it is here.... But im getting greedy and waiting for lower prices... Sold out about a month ago now... Had been selling out since .87cents. Now HOW do we get back... Buy and hold......YES of course. Or wait for split..... Riskier.... I think there are better investments to get gains till the reverse, but whos to say this stock wont make a huge jump.... Surely not you.
Cos1000 thinks its news based jump...
Im leaning towards SL62's version....possible unexpected short squeeze engineeried to generate buying interest... They seem to do this once or twice a month... I may buy by friday.....I dont think id let this stock get past .25 cents without buying...my old window of .37 is junk now. Too high, i can swing lower now.
Cos1000 thinks its news based jump...
Im leaning towards SL62's version....possible unexpected short squeeze engineeried to generate buying interest... They seem to do this once or twice a month... I may buy by friday.....I dont think id let this stock get past .25 cents without buying...my old window of .37 is junk now. Too high, i can swing lower now.
OMG what a joke. The SEC is a joke, and the news media is a joke for reporting the story. It was an insignificant amount to him, and insider trading occurs daily within the government, so i dont see the problem. Sirius is being manipulated and i dont see anyone helping me.
See where cleaning up wall street.....
Ya, ok... Whatever you say Mr. Cox......
Was out all day and came home to see we fell down a little today...not so bad a thing if it keps things moving. The last thing we want is monotonous flatlining. Puts us that much closer to the next squeeze. Well, after reading a few comments here...a few thoughts...
Upthepipe, etc... look dudes. If anyone is still making investing decisions solely based on opinions here...good luck to you. I would reevaluate that strategy. Blame games here go nowhere. No one here knows EXACTLY what any stock will do or within any timeframe. They're stocks for god sakes! We opine...we watch. Stocks are subjected to any number of variables that as we speak are scaring the CRAP out of guys who handle zillions of bucks. In case you haven't heard, that's why so much money is on the sidelines my men. I think it's clear by now that if you're in stocks, you're getting roughed up to some degree...and that you also need to know why you're in. So please, none of us here know magic...maybe just grab a cold one.
Now..I'm not here to cheerlead or help make anyone feel better but I will opine some other thoughts. I mean, if anyone is going to kill themselves becaue SIRI is .20, you best get to it. Not a good reason in my book, but indulge if need be and stop being so annoying. (I say this with the utmost TLC!) Next, any investor RIGHT NOW, needs to look at the macro picture. Everyone is so locked on SIRI's individual story. Looking at the bigger picture, you would see how BEATEN UP nearly EVERY company is RIGHT NOW. Look at the charts guys. Look at the prices!! Pick a sector! Autos, Tech, Retail, Financials (decimated)..it goes on and on. The Bears are having their way since Sept in a big way. In addition, who can predict when Funds are going to reposition? Not us that's for sure. And another thing. ALL small-cap tech is getting absolutely killed--they are in the sights. If you were a 1, 2 or 3 dollar stock, you are now a .35 - .85 stock--done. And why is this happening? TOO MUCH MONEY ON THE SIDELINES! No one is buying my friends. When no one buys, prices just go down. It's that simple. MSM throws in their stupid armegeddon two cents on a daily basis, Bears post slanted articles...Make way for the shorts...
Waiting for stocks to go up today is a losers game. Mostly they are going down and will continue to do so until the crybaby Jeff Make's of the market decide to put their precious cash back to work. Things look bleak right now and that's usually a good sign that a major rally is in the offing. As far as SIRI goes...nothing has changed. .20, .25, .15, it's all irrelevant at this point. Sometimes it has to go down before it goes up--and we've just learned that is the case. So we took out the .215 low today. In the past, that has always signaled a further .07 - .10 drop. Will it this time? We shall see. Maybe that's what starts the mother of all SIRI squeezes. It depends where the auto programs are set up. I'm staying in with no fear!
I received my Proxy in the mail today. I will be voting no to both major items. They don't need the shares and they certainly don't need a reverse at least until next October..but then...if they still need a reverse to "get over a buck" by then, something will be VERY wrong, now won't it? They just need to work through this and do it the old-fashioned way..they need to earn it. In all truth, they actually sabatoged their own bad selves by reporting a decent Q (regarding their Proxy "aspirations"). Why would you need 3.5B more shares and a reverse if you're growing and thriving (and projecting the numbers they did)? You can't be both. Simple logic. And on that simple logic, they're either lying their arse off to shareholders (which they will be called out on)...or they just need to stop the madness of seeking the easy way out. Buckle down SIRI. From what I can tell, so far the "ugly" seems only affecting the shareholders. Now it's time for the company to do a little getting dirty and bruised up too. IMHO...
Are the changes advantageous to advertisers?
Are the changes tolerable to stockholders?
Are the changes in line with the expectations made by the FCC?
Advertiser-supported media, offered at no charge to users, is responsible to its clients for attracting the quantity and quality of audience required to meet their marketing objectives.
Subscriber-based media, though obligated to meeting the necessary requirements to maintain advertisers, also has an obligation to meet and maintain the standards expected by its subscribers. I believe the XM/Sirius merger and their subsequent business tactics have compromised the performance expected not only by its subscribers and advertisers, but also by its stockholders.
I believe the integration of Sirius into the XM service is an insult to all parties involved, but especially to its listeners. Personally, as a long-time XM subscriber, I believe the integrity and ingenuity of some of the XM concepts have been terribly compromised; the XM service has lost the vitality, variety and value provided when originally conceived and offered to subscribers. And I am under the impression that subscribers who preferred and originally chose Sirius also feel that some of the compromises made by the merger lack the original expected standards promised to them when they originally signed up with the Sirius service.
What will happen to Sirius if subscribers become as disenchanted as their stockholders have already become and do not renew their subscriptions? Will the service need to be offered to listeners at no charge and be completely advertiser-supported? Can Sirius afford and support such a model?
If XM or Sirius subscribers had wanted standard broadcast radio formats, they possibly would not have subscribed to XM or Sirius in the first place. I subscribed to XM after being disappointed and dissatisfied with how CBS/Infinity led by Mel Karmazin (now CEO of Sirius XM Radio) was compromising the resources and programming offered by their radio stations which for the most part had previously offered superior content, better execution, respect for their audiences and consistent results for their advertisers.
I suggest Sirius learn from the mistakes made by CBS/Infinity during Karmazin’s tenure. I suggest Sirius not repeat the same types of strategies and tactics implemented by Karmazin which seem to disregard what is best for listeners, advertisers and stockholders. I believe CBS might still be trying to catch up due to mistakes made during Karmazin’s tenure at their company; trying to catch up on quality of product, competitive position, revenue, value of equity and overall profitability.
I understand the need to eliminate redundancy. I do not understand anyone (including the FCC) tolerating Sirius’ complete disrespect of subscription contracts. Maybe the current Sirius leadership is demonstrating the same of lack of good judgement as utilized in the past at CBS/Infinity. Now that’s the type of redundancy that should not be tolerable to anyone, especially to Sirius stockholders.
Maybe Sirius needs to bring back some of the original XM Radio management and eliminate the current leadership. Not all of the previous XM management led with integrity or honesty; but a new board of directors could be careful and perform their proper due diligence and assemble a team of managers, programmers and talent along with sales and marketing personnel to rebuild a superior product.
The unfortunate truth to Mr. Karmazin and his stockholders is that listeners and advertisers could all live without XM or Sirius, unless of course the product is made to be unique and relevant, and thereby possibly irreplaceable.
Thanks for the input, even though I didn't ask for it from you.
I asked for the regulars who are here all the time because they make sense out of this senseless stock. As you said, we original investors have been sacraficed. I have to agree with you at this point. However, I'm stuck here until something happens. I'm not selling now, and I'm certainly not selling or taking advice from a guy who admits to "taking it up the tail pipe" more than once.
This is my first time "taking it up the tail pipe" and you'll never hear me say I did it again................
I wasn't looking for you guys to blame.
I need someone to explain to me why and how this stock continues to go down?
I honestly didn't and don't expect any kind of pop prior to the meeting. Nor do I expect a financing announcement prior to January. I believe EVERYONE involved (except us) wants the dilution and RS (they all want it for different reasons). So, why on earth would they let the stock rise prior to the meeting?
I did expect to find a trading range to get us to that point though. Instead, we're continuing our steady path DOWN...........
There are so many factors against this company. I don't see how anything positive happens to this stock until the company makes money and forces themselves to be noticed. So, given that, in this horrible economy & auto mess,,,,,,it could be years.
We are ALL waiting for financing news or auto pkg to give us a "pop"................J... LIKE WE'VE WAITED FOR EVERY OTHER THING TO GIVE US A "POP"..............
The system was ahead of us on the merger news and denied us, NO, they took advantage of us waiting for the pop.
Who's to say we're not being set up again??????????????
One of these days we're going to get the "short report" and SIRI will barely be on there,,,,,,because the shorts all covered nice and quietly...
Killer, Cos, I appreciate your level heads and wish I could maintain one myself, but I've had enough, I'll look for your reads but I haven't got much else to say...................
Keep the dog warm, it's going to be a long winter...................
You've got to stay with your instincts. You haven't sold yet for a reason (even if you don't yet know the reason lol). You've already seen how this stock pops down here (.215 - .44). Don't lose track of the game. How can you say the shorts have all unwound with the volume being so light? You're not concentrating...you're way past the time of being nervous and jumping ship (as I know you already know). As I mentioned...all small caps are "taking it up the tail pipe." Think about why they have been targeted...people who own stocks less than a buck or approximate will always be the biggest losers whenb the shorts strike. Why? They buy high shares and every penny is worth a boatload. Don't you think shorts know and take advantage of this?
Down at these prices where SIRI is there are many shakeouts for shorts. It's like taking candy from a baby. Ex: do you think SIRI is any different a company from when they were .44 or @ today's .20? NO! Actually they are a Q further towards proving they are for real than when they were .44. So that = more cred @ .20, less cred @ .44. But it's not about cred. The Street is ONLY about making money! SIRI continues to be in play. Let's be patient and see what happens next. Hang in there dude...
btw...a given you're one of the good guys...
Are the changes at XM/Sirius acceptable to listeners?
I've checked out the new offerings and find nothing unacceptable, as I'm sure the vast majority of subscribers have. Sure, there's a vocal minority complaining that their favorite channet is gone . . . but is it really? As Brandon rightly points out is that this has not been an "elimination" of services, but rather a consolidation of the best of both services. Read that again: a consolidation of the best of both services. How is that bad for the consumer to receive in one service the best programming offered by the two individual services?
Are the changes advantageous to advertisers?
Yes? Advertisers now have access to 19+ million subscribers where they only had half of that with the two seperate services. Furhtermore, advertising is not a huge revenue generator and is only found on the talk format stations . . . which again, we get the best of both. Music remains commercial free.
Are the changes tolerable to stockholders?
Again, yes? Remember the boon of reduced operating costs resulting from the merger? We see even now in the 1st quarter of combined operation that these savings are real. How is that bad for shareholders? Think of that word synergy here if you can.
Are the changes in line with the expectations made by the FCC?
What expectations (in terms of programming changes)? To my knowledge the channel consilidation violates nothing in the FCC's approval and in fact has been known since day one in the merger talks.
As to your bashing Mel Karamazin: Mel has been an unqualified success at any company he's headed - CBS, Infinity, Viacom - all grew leaps and bounds and made record profits under Mel. Try doing some research and backing your claims . . . but then again, you probably don't care to do that, but you can start here: www.answers.com/topic/...
Thanks for twice posting a longwinded diabtribe (well, counting this same post on TMF) . . . on nothing relevant and in fact inaccurate. Clearly you were against the merger to begin with.
I'm just watching the Cramer repeat latenight. He's just talking about this company Quanta, who just happens to be one of the large holdings of the Tontine Hedge Fund that has blown up. Because of the holding sizes, the fund needs to liquidate over 18mo. So Cramer says over next 18 months, the stock will have that headwind and will have trouble rising, and most likely falling due to other shorts that will ride the shark until he's done unwinding.
So now check out this article...this is how investors often can't figure out why their stock won't go up (case in point our hedge short). So here you've got a MF article licking their chops about how this stock is ready to take off becaue it's been beaten down and that it's a great great company...
Hey, might just be a good short play!
www.fool.com/investing...
www.secform4.com/insid...
I have averaged down to $2.00 .. Dont think we will ever see $2.00 before a rev split.. Need to average down more!
Hey guys after a rev split at what level of do we need to be at to break even. For example, what do us longs need to be at before a rev split?
Thanks
I have averaged down to $2.00 .. Dont think we will ever see $2.00 before a rev split.. Need to average down more!
Hey guys after a rev split at what level of do we need to be at to break even. For example, what do us longs need to be at before a rev split?
Thanks
1) This stock is tied directly to the Automobile industry.
2) The February Debt
3) The May Debt
4) The October Debt
5) Financials Institutions control all the above
Until the Automotive companies get a Loan (like the financials), we won't see any relief. The Sales of subscriptions outside of the automotive market would be a plus, due to no OEM kickbacks. Bottom line: The Automotive sales for Nov, Dec, Jan has historically been the worst for any year. If subscription projections take that into consideration, then there will be no problem. If not, then the drop is justified. If Financials open up the funds given to them for auto loans (HA. . . Like thats gonna happen), then the stock will stabilize.
I'm like everyone else waiting for the economy to Throw the dog a frikkin' bone
I had confidence in holding onto it, but had those dreams quashed with all these talks of reverse splits and bankruptcy... Give me a break, let it ride...
Best thing we can hope for is a buyout, that's the only way we stand to make any ground on recouping these loses.
Do we have a band to keep playing while we sink?
I spent last night re-reading all these threads from Jan 08 to now. I think we could make a movie using split screens to show all the differing personalities and reactions to events. (It would be a pretty sad movie up to now) Lets hope it has a fairy tale ending. (and not they all lived under a overpass ever after)
Personally I don't see how Sirius ended up at .18 per share.
Where would this stock be without the debt? (It should return there once the issue of debt is resolved.)
Good luck to everyone (has the time for "everyman for themselves" passed?)
Thought I knew how to spot an ambush better then this. (but i walked right into this one) Oh yeah now i remember "If things look too good to be true then its a trap"
Stock estimate in 1 year "$3.00" current price 1.75
Brain: "wow thats better then putting it in a bank"
doctorex has spoken.
On Nov 19 11:39 AM mogami_99 wrote:
> Hi, At least I have my military retirement to look forward to in
> a few years.
> Thought I knew how to spot an ambush better then this. (but i walked
> right into this one) Oh yeah now i remember "If things look too good
> to be true then its a trap"
>
> Stock estimate in 1 year "$3.00" current price 1.75
> Brain: "wow thats better then putting it in a bank"
I would not have merged (why take on more of these people)
Cars??? I would have made X-boxes and juke boxes pick up channels.
$17.00 for the stock and 9.00 for the commison means you need to get to .35 (assuming 9.00 commsion when you sell) And if you are selling at .17 why sell 100 shares? I think I would rather eat the 17.00 then pay half of it in commison. What am I missing here?
Tim Hortons is selling Tim Bit Doughnuts for the same price as Siri stock.
Those guys ( and others ) work pretty hard researching ( and I sure as hell am no number cruncher ) , but ultimately , we are all just making educated guesses ......
But I want to say thanks to the guys that dig into this mess , and TRY to help .........The lesson I have learned ( and a very expensive one ) is to avoid stocks up to their ass in debt , and negative earnings year after year .......investing 101
But like everyone else , I thought satrad was a smoking concept with much potential .........but my gut feeling from the start was " satrad is blowing too much money " ............and to coin a phrase from African - Americans , " I shoulda listened to my first mind " ........Crap
I voted NO RS , NO DILUTION ..........I am not giving Howard another 100 million shares
One glimmer of hope , if the auto industry gets its ass in gear ......Otherwise , forget it ....................oh , and if the banks let go of some money !!!!!!! But really , refinancing is not the answer to anything ......MAKING MONEY IS ..........the days of running on credit are over for everyone ........time to EARN ...........this entire nation needs to take back global market share with a vengeance .......this is WAR , and only a wartime mentality will prevail
I was happy with what I saw. Nice display with all products. It's not in front or anything but it's definitely a section devoted to SATRAD.
The displays were all brand new and carried the SIRIUS XM theme.
Something I also noticed were all of the new brochures. They all had the NEW channel line ups. I take that as one small sign that they are carrying out a schedule. They've obviously known for a while what those line ups would be.
Another important point worth noting, the BEST BUY kid knew his shit.. I asked questions as if I didn't know anything and he was on it.
And last, I was surprised to see that EVERY in dash stereo for sale had either a sirius or XM logo on the face......AND,,,,all of the higher end home stereo receivers had those same logo's on their face........
February has always been the time I was looking for. I think the retail number will surprise us in Q4 report, the debt will somehow be cleared up, B of B revenue will be announced for the first time...........
The problem is,,,,,,,,,,,,,,,,,,,w... we common folk make it to February.......
Thanks for the uplifting news.... we can all use it...
Also, you are right that they don't fear a takeover, ironically enough because of the huge bloated number of shares make that unwieldy and the limited prospect of financing capability.
I said about buying at one cent tongue-in-cheek, because I had given some thought to buying at 20 cents. The price drop this week I believe reflects sat radio's poor decision to bet the house on auto installations. Satellite, should mean that it is the very essence of portability, but they have gone the opposite way and tied it to the car. Ipods made and sold millions before the first auto adapter for car use was ever marketed. They knew the market better than Mel.
I have three children under 16 with two cell phones and two mp3 players between them. I pay a helluva lot more for their cell subscriptions than I would for Sirius, but they don't ask for sat radio. It doesn't play a part in their world at all. None of their friends have it either because I've asked.
Looking at it from a business perspective, where is the marketing toward women and girls? How many women will buy subs based on NASCAR, sports and Howard? If it comes in their cars for free, what programming will lure them to keep it after the first year? I would be willing to bet that if we had the info, we would find that there is a big disparity in the numbers of men who re-up their freebies, versus the number of women.
So it's not all about manipulation. A number of very basic totally crappy business decisions brought us here. Remember, in the world where Mel made his fortune and reputation, women and men are not viewed on the same scale. Advertisers pay more for the male demographic, especially on sports etc. than they do the female demo. If Mel came into this thinking that would work in non-advertising based radio too, well he blew a lot of people's money by not understanding the difference!
Nothing against anyone's views but if you compare the growth for the last quarter then SIRI is much better than many other companies.
There are so many other companies that desparately need fund to survive and at the verge of BK.
Then why only SIRI...
These organizations pray on weaker companies and at this point most of the companies in the market look weak. Once the naked shorts are stopped for a few months then recoveries will take place and their will be billions more in the hands of the investors themselves which will flow back into the economy further boosting it and sales and so on...
Please email your Congress and Senate leaders today. Lets see what happens.
I want a billion dollar bail out too. (after I get one I will "hire" a few employees) I swear to be good for my local economy (VFW and the bar and grill)
not much. . . but would be a start.
On Nov 18 03:01 PM Siriphone wrote:
> AMEN SURE46!!!!!
On Nov 20 12:13 PM Mr. C wrote:
> If the the Detroit automakers are allowed to go out business who
> will build our tanks, planes,and jeeps like they did on a whim for
> world war 2, Toyota and BMW!!! Who knows if they will be our Alia's
> at that time.
Add to this a little known story about a small tire company that was bought by one of the nationals after testing the longevity of the tires which lasted almost indefinitely. The tires never hit the market.
All I am saying is that while I recognize the bloating of the UAW, management in big companies have done nothing to the infrastructure for many years. All that has been accomplished has been stockholder returns that should have been much less, and exhorbitant management salaries and bonuses that should never have been allowed. Since the average CEO salary today is around 400 times the average wage earner, which is somewhat higher than the historical 35 times before 1985, I think it is abundantly clear that American greed is rampant, who should be blamed for what has resulted, and what needs to be done.
Unfortunately, there is no one to take the lead.
WHY?
The automotive industry is a major component in the stock price. The possibility of GM going down is higher then Chrysler, or Ford. But the supply chain of parts would then affect Chrysler, Ford and the transplants as well. The suppliers count on a unit count for a profit. The lack of units from any one of the Automakers would cause a Domino effect.
Fact is, Sirius XM is an Automotive supplier!
On Nov 20 01:49 PM shure46 wrote:
> you can rest assured no one will be going out of the war machine
> business anytime soon .......they might stop building cars , but
> they will never stop building tanks .........besides , if Toyota
> started building our tanks , they would last twice as long , get
> 50 % better gas mileage , and the resale value would double !!!!!!!!
> ....oh , and they would run quieter so we could sneak up on the enemy
> better
cooler heads prevail. no one told you to hold when the bottom started to fall out of SIRI, it was your greed/ignorance/inabil... to use stop loss that put YOU in the position you are in now. now you are fucked. take responsibility, because its not mel's fault.
On Nov 20 01:40 AM i'm not jim cramer wrote:
> relmor; I respect your opinion, but who on this board, even me who
> you know thinks sirius has no long term future, would have ever guessed
> that it would trade at 16 cents. So we would be crazy to assume,
> that it can't go to any particular price.
>
> Also, you are right that they don't fear a takeover, ironically enough
> because of the huge bloated number of shares make that unwieldy and
> the limited prospect of financing capability.
>
> I said about buying at one cent tongue-in-cheek, because I had given
> some thought to buying at 20 cents. The price drop this week I believe
> reflects sat radio's poor decision to bet the house on auto installations.
> Satellite, should mean that it is the very essence of portability,
> but they have gone the opposite way and tied it to the car. Ipods
> made and sold millions before the first auto adapter for car use
> was ever marketed. They knew the market better than Mel.
>
> I have three children under 16 with two cell phones and two mp3 players
> between them. I pay a helluva lot more for their cell subscriptions
> than I would for Sirius, but they don't ask for sat radio. It doesn't
> play a part in their world at all. None of their friends have it
> either because I've asked.
>
> Looking at it from a business perspective, where is the marketing
> toward women and girls? How many women will buy subs based on NASCAR,
> sports and Howard? If it comes in their cars for free, what programming
> will lure them to keep it after the first year? I would be willing
> to bet that if we had the info, we would find that there is a big
> disparity in the numbers of men who re-up their freebies, versus
> the number of women.
>
> So it's not all about manipulation. A number of very basic totally
> crappy business decisions brought us here. Remember, in the world
> where Mel made his fortune and reputation, women and men are not
> viewed on the same scale. Advertisers pay more for the male demographic,
> especially on sports etc. than they do the female demo. If Mel came
> into this thinking that would work in non-advertising based radio
> too, well he blew a lot of people's money by not understanding the
> difference!