Sirius Institutional Ownership on the Rise 59 comments
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I rely on multiple sources for information when it comes to my investments. One such resource is MFFAIS.com. Now before you invest based on any of the following information, you need to know that it is NOT current information. It is based solely on the reporting of mutual funds and their requirements by the SEC, and describes previous activity. In other words, the information may no longer be valid as of today. I watch it to spot trends in mutual fund activity and get a feel for the general consensus.
Having made that perfectly clear, I thought it was important enough to bring to your attention that the buy/sell ratio was reported at 2 to 1. In other words, for each mutual fund that sold shares, two were buying. The last time I checked the site, institutional sellers were outnumbering buyers by a slight margin. The buying percentage has jumped to an amazing 60.84%!
The current report lists 202 funds as having purchased shares versus 101 funds selling. There have been 87 new funds purchasing SIRI shares and 115 have increased their holdings, including Goldman Sachs (GS), which despite its long history of maintaining SIRI as a SELL, now owns a total of 11,244,513 shares, having added 7,023,867 shares in the previous quarter.
Position: Long SIRI
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This article has 59 comments:
Big Deal, Sounds like these are the unsophisticated one's that Mel talked about
I was wondering what happened with the rating. One minute I was a top ten rated commenter an the next a zero. My posts will continue in any event. Its not like the ratings are all that objective. The Sirius Bashers have been giving negative ratings on all of our posts for weeks. Seeking Alpha should pay a little more attention. I was using the ratings to find intelligent posts on other issues, but if this is what can happen, then that is just a waste of time. Oh well hang in there and don't let them get the best of you.......
who cares about ratings anyway, look at what a joke moody's and standard&poors are. constructive critacism is always welcome. to those who are beligerent,they already reap their own fate. they are just miserable people!
you SL62 along with a handfull of others have taught me a great deal. lets not waste valuable time and energy on low matters such as this.
lets talk SIRIUS, i feel a rally commin'
www.sec.gov/divisions/...
All these first time posters suddenly coming out of the woodwork. Unsophistcated investors? Let's just say that if this is your first time hearing about this info from mffais (as you imply in your first post), AND that you are waiting for Brandon to supply it to you, you are the unsophisticated one my friend. But anyway. Ho hum.
FYI regarding my rant...it is because there are a small group of people here that hate anyone who is pro SIRI..as I am. They are people who have lost a ton of money and think it has been stolen from them. Now if you're not totally an idiot, you'll notice the number of posts next to my moniker--which means I've been here a little while. Not the longest but a while. And myself, and a group of others (who happen to be knowledgeable and experienced in the market) are blamed by these people for there misfortunes. They claim we work for the company and are here to pump the stock while it was declining from the revalue (and beyond). Nothing of the kind is true yet, they are convinced this is the case therefore they show up from time to time to call us out on their beliefs. Now, because they have nothing better to do, they have gone through and hacked previous posts and blindly driven down ratings numbers regardless of the content of a post. The ratings on this blog (which only fairly recently appeared for reasons I still don't necessarily understand) are not the most important thing and essentially don't mean jack, but when I suddenly find a clear violation done to anything of mine or of others I respect, I stand up for it and call it out. By your comments, chances are good you're a sheep who will just fall for anything but that's not me. However, since you and whatever their names are up there are new, I suppose I don't expect you to get any of this--it's drama going on behind the scenes for some time. Hence my rant. Enough said.
Happy Sunday...Hope all is well. Yeah, logged on this morning and noticed my rating gone and after linking to their "list" to see what was up I saw many of us who are blamed for the .14 SP were hacked...which is the downside to this system. Anyone with a grudge can have themselves a little party, which is what happened. We know who it is. As you say it's not the be all end all by far, but one has to believe this system was conceived to harbor quality in posts so I used it the same way. Whatever. I just hate the violation so I went a little nuts. Anyway...Must be a little strange not having Brady and company playing today huh?
Canis Major...appreciate your comments and yes, we'll get back to the data tomorrow...
Have a good one guys...
Don't let some bad apples spoil the whole barrel. All of you provide alot of valuable information and opinion on all things SIRIUS. As an investor in the company since before Stern was announced, who has made money, lost money and still maintain enthusiasm for the company and the stock, and who is relatively new to posting here, I can honestly say that all the information I get here is of some value. It helps me to know who the enemy is with regard to this company, a company that I truly believe is about to turn the corner for good. Anyone who is angry about SIRI should not have been investing in it in the first place........there have been nothing but opportunities for the past several years to make money....increase your stake if its your desire, and to lower your cost average....which I myself have done to the tune of .22 cents a share. If ANYONE is seriously (no pun intended)down with this stock, they need no more than to look in the mirror to see who is to blame!
cos1000, speak for yourself I want to be number one.
LOL
If you were to click on Goldman Sachs name in the Sirius Xm Radio mffais report, it will bring you to Goldman Sachs mffais page and the detail for which Institutions own GS Group, Inc. At the top of the data listings on that page there is a GS Group Inc, Recent Source SEC Filings Header in which the 13F-HR/A (11-19-2008), the 13F-HR (11-14-2008), and the 13F-HR (8-14-2008), SEC links are found for where the 13F Form holdings for GS Group, Inc. are on file.
The only conclusion that one can really derive from the mffais report for Sirius is that GS Group, Inc. holds around 11.2M shares as of 9-30-2008, reported on 11-14-2008, which is 7M more than the quarter ending 6-30-2008, and reported on 8-14-2008.
From a review of the Amended, Restated 13F-HR/A, reported on 11-19-2008, there is no difference in the equity position held by GS Group for Sirius or XM for the period the 13F was originally reported (this is from a review of the two SEC filed forms for the period ending 6-30-2008, and filed on 8-14-2008).
It is also important to note that the filing for the period ending 9-30-2008, and filed on 11-14-2008 Reconciled all Shares of XM into Sirius XM radio shares. That's not to say that it accounts for all of the 7M shares, but it does account for more than half of these shares. The rest of these shares are either indeed new positions taken in the third quarter or shares purchased as part of the merger arbitrage (go long XM and short Sirius). The short positions are not counted but the XM long positions (in July 08) would be and then converted at the merge date with all of the rest.
So Brandon in conclusion, these are old transactions that truly tell little of current momentum of institutional ownership. I will agree that it is amazing that GS would hold shares in a company that they have a Sell rating on and hold so much of the principal notes for both companies: $127M in Feb 09 Sirius 2-1/2% Converts, and over $70M in XM 1.75% (now 10%) Dec 09 Senior Exch Notes.
I hope from this analysis of just on Institutions Ownership of Sirius Stock that it is easy to see how the mfffais.com reports are interesting to look at but can cause some real confusion if looked at without a clear understanding of what is actually being reported.
163888
I new it was you all along......... LOL . Hey that DSX and NM are both on my radar... I might be wrong but I am waiting until we have 4Q and Annual reporting season before putting any new money in any of these. I think that they will do well eventually but the whole world economies are still shuttering and I would rather miss the first 20% up then get caught in a bear trap. The shippers have all bounced nicely and if I owned them I would have sold them on their nice bounce. JMHO. I am more than a little nervous about the 1st half of 2009.
First I want to agree with your disgust for someone going to such great lengths to undermine a fairly benign system of assessment that the Ratings feature represented. It's hard to imagine the motivation but I can't be too bothered by the petty.
On a much more interesting note: Yeah it is really weird not watching the Pat's but, I have turned my allegiance to the Ravens with a Rookie Underdog winning two in the play offs on the road.... I also like Philly doing well after all their years of controversy and disappointment. After my drive trip down to the Charlotte, NC area to visit with family and introduce myself to the latest addition, thankfully listening to Sirius all the way, I thought I might try becoming a Panther fan. Their performance last night squashed that idea quickly..... Well lets hope the upcoming week brings more positive results for Sirius XM.
Anything I can do to help confuse my friend............ but the shippers have gotten a lot of positive press lately (Cramer keeps pumping DRYS, & NAT) because of their huge declines, and with the recent pull back (as with all stocks) It just feels like it might be too early for me. If the general market is going to retest lows then the shippers will go with them and be a better value. Without the dividends they are more subject to the will of Traders in the channel and not Investors. Again just MHO.
I agree that the whole GS thing stinks and that they are still looking to pick up shares on the cheep for their Feb 09 and Dec 09 principal debt. I am not sure if they have an option there or if the company can just pay off that equity due. It would make sense that the option would be the companies and not the investors.....
Killer (and the dog, which is not cool!) got wacked, I think Bababooie and probably others. Pretty much anyone who actually has a brain and doesn't blame the world for their problems (and blogs on SIRI of course). What a joke.
163888...
Thanks for the levity and agreed. Personally, I wish they'd just go back to the way it used to be without any ratings. As said, I fail to see the necessity and now we see that lowlife's have to resort to manipulating it to justify their existence. Pathetic. Anyway, we carry forward being hated by the loser crew. Is what it is...
Both your guys' opinions/POV are always much appreciated
Well said and couldn't agree more. Hope the dog didn't take it too hard. Throw him an extree bone....your positive comments are what the idiots can choke on...thanks!
Anyone back to Sirius.....
Next 3 months folks are what we have all been waiting for. The no and the ya's will be found right or wrong, and if you bought enough low shares, you might escape with some dignity back here....Lets see what Sirius can do here...Im rooting for GS to allow this dog to finally run off its leash this coming quarter a little bit...Market may attack 9700 gap, but a retrace to 7500 is looking more and more likely first...If that happens there is always the 6500 that looks so cute, such like a wonderful long term bottom price, or if were blessed we will live to be trading at DOW 5500, and make some huge gains on inflationary rises alone!!!Cant wait to buy 15 dollar oil!!!
Ditto and what a joke. You were repping us all (and SIRI) in the top 10...and now this. It's f'd up.
Sounds like you had a good trip and good luck with the "new addition"! Wow...the Dynasty homers are looking south of their borders this year with affection. That's pretty cool. Flacco is quite a story. Kind of reminds me of how good Brady was when he first took over for Bledsoe. And yeah, how about Philly? Wtf?! Some great match-ups next week...
As said, looking forward to a new week for SIRI. Never a dull moment around here huh?
You got it. I think we're poised to make that offset happen. I've got a few other small cap tickers rehydrating right now and making modest gains on the Jaunuary effect. With a nice SIRI push this in Q, it would round things out nicely. Action lately has been bullish. We saw your theory of gains on lower V Friday. A penny move on only about 20M..which though not much on the surface, means something to this stock in the current scheme...
I'm a little torn on market direction. 10 days until innaug...why do I think we break out to your 9700 in the coming week(s) run-up?...I know the purge can be meaningful for a bigger breakout but uggggh that pain from November is still fresh!. This last week was interesting in that only a retrack to 8400 over 4 or so days. A set-up for this week or is it short money won't pile in until after the innaug? Thoughts?
asm610 and yomann...appreciate your comments. A rally that the loser crew can choke on is perfect.
IMO GS is buying, full well knowing that more than likely sirius made it's 4th Q estimates, and will more than likely pay there first initial payment coming soon this year.
On Jan 11 01:48 PM wholesalecd wrote:
> Yeah, Thanks for stating some FACTS Brandon. Why are people on here
> so disgruntled about this when it's just some facts you are providing.
>
>
> Big Deal, Sounds like these are the unsophisticated one's that Mel
> talked about
On Jan 11 09:51 AM maximaboy wrote:
> Good info. Interesting to see that GS had added to their position
> even though they have beaten the hell out of this stock!
I was always worried that there were too many buy ratings on this stock, and that their price targets were out there. Now as everything has gone down, and Sirius is entering the stage where the market has forgotten it, it may now start to move....
Long Willie Parker
I agree. SIRI is finally detached from their recent past, now with more emphasis on the future (which is as we know what the market is really all about). This stock has been taken out back and now left for dead by those who took it there (which is a good place for the company considering the issues). It's much better than being the deer in the headlights of recent months. All things remaining equal, positive debt reconciliation et al, I agree with you that we can be considered in a bottom process. A 3, 6 and 9mo chart shows this clearly. Most of us anticipated a V bottom, would have been happy with a U bottom but in the end, we're getting an L bottom. Good news is, providing this common remains current, fresh eyes are/will be viewing opportunites going forward. I know if I just came to this stock right now I would be a buyer as a spec play with some real opportunity to catch a ride. The cmpany's metrics are in to good of shape not to. IMO...
should be; young "or" do not
Next; "You also have short term memorys because the last 2 recessions have been very shallow and short." ,
should have added; So you have forgotten how hard a real recession feels and looks like.
Well said. And '81-'82 had 11% unemployment figures. Like you, I was living through it--which we did. Too many people want to throw their hands up, say the world is over and go lock themselves in a closet while breathing into a paper bag. There are always opportunities in the stock market in any economic conditions. That's the trick, to gravitate to the opportunities as the changes happen. I'm as guilty as others at times in wanting to stay in certain sectors even though I should be in others. And then you have to wait until the smoke clears. Given the expected turbulence going forward, I don't think the problem is being in the market as long as you be sector specific and keep things shorter-term. As you say, some of us remember when things really WERE BAD. Next to the Depression (before my time) the recessions of the 70's and 80's were brutal (felt those plenty). Yeah, double digit inflation AND interest rates in the teens. Bad times! People here should try that one on for size (now as 3mo Libor hits 1.16 today) lol...
My only comment about your history lesson is Carter to Super Ronnie Reagan. Carter was a dolt and RR was superman. For what its worth I was young when interest rates were 17% but my mother was in Real Estate at the time..those were tough years..no doubt. The current situation really does not compare to the early eighties. IMHO the current situation is only beginging, the housing boom has created an enormous back log of homes. In my area near the beach, builders are still building because they have to, thats all they know. What they don't know is that everyhouse they build is hurting them...ie adding to supply. I can't say all this bullshit without giving some comment on the solution.....principle reduction. The money is going to come from the government or the banks themselves, which will only lead to more write downs by the banking instiutions. More write downs leads to lower stock prices/earnings. This causes a major problem for the stock market. I have heard many times before that the financial sector is the most important in leading a rally/recovery on Wall street. They will be cleaning up their balance sheets for years. Stick to cash!
BTW I went to the MB Boat show this weekend and guess what? It sucked! I spoke with many dealers and they said the turn out was about half as many peps compared to prior years. I know a dealer that has sold boats his entire life (55) and he did not sell one boat in 08, not one. He is currently looking for a new profession.
All points taken and I don't think many would dispute you that times are not the best. But as 163888 says, it's not like we haven't faced worse. I had friends coming out out of top business schools in '82 and had to work in the shoe department at Marshalls until things got better. That's just what we do when times get tough. Your anectdotal info about the boat salesman is of course not good for him, but nothing that hasn't occurred in history. All busts from booms will eliminate certain professions. Speaking of, one thing it appears we can always count on is the boom and bust cycle concept. And why? because as a civilization, our proclivity is towards ephoria and "seeking the good times" the "better way of life". Personally, I say it's hard to blame us for wanting better things or a better more enjoyable way of life...the problem comes in in trying to achieve that 1. in a class-based system (where some people are REQUIRED to be poor so others can be rich...hence there will always be those who lose) 2. In a mass-based system, where with so many people it's nearly impossible to achieve moderation. And I guess the third would be due to crime. Even if you could achieve perpetual and constant moderation, the criminal element will always be there to influence others towards circumventing the rules and thereby throwing kinks into the master system (i.e. Maddoff, CDS's, Sub-prime). The truth is that people will always be enticed to spend more than they make if they think they can get away with it..
Then throw in our lack of gold standard and devaluing currency, and I defy anyone to attempt moderation. I think from here, we just have to learn to be quick to adjust to the swinging pendulum. I think the biggest lesson everyone of us should take is that boom and bust is not just a passing thing. Many people don't look at hisyory to realize this is really how it works (and to live expecting downturns). They only live by saying "this sucks" when things do turn down. I'm not saying that's you but let's face it for many.
My overall point is that we have to do now what we've done in the past. Get tough and deal with it and (now more than ever) start accepting boom and bust as inevitable, not as maybe's. Don't also forget, we now face MANY other issues that we have never faced before. Real paradigm shift issues. Peak oil, global warming, changing almost on a dime out of the century-old gas-driven internal combustion engine, new sources of powering our energy grid, and others. These are no small challenges, yet all we face RIGHT NOW. To me, 2010 marks the actual beginning of the Brave New World. From here on in, life changes as we once new it as a model and we just have to adapt. Or we die. I'd rather fight and work with it than just give up. IMHO...
Agreed on your point of too much gloom and doom. I think we have to buckle up and work with what we have to work with. It's not real pretty but given our timeline, and having been through the pain of Sept - Nov...I see more to look forward to than to fear. I'm not saying all of a sudden we will be on easy street making money hand over fist..but just a better handle on what we have to deal with. The worst part of the last 4 months was the shock of the surprise when Lehman went down. That wasn't real great when they let it happen, but looking back, we may view that as a good thing since it uncovered so many other undesireable things going on tangent to it...things we can learn from, if not just better be able to handle now that we can see them...
This stock wont take long to recover once no Bankruptcy is on the horizon. i think people know how much of cash cow this company can be.
Its just an opinion but i do live in the area and have recently flipped a home in Charlotte and purchased a New home. The house in Charlotte sold within a week for my full asking price to the first person who looked at it. I had offers come in like crazy and this was a mid range priced home.
What do i know. Im no analyst!
Take a look at two very different charts. Look at the 6mo SIRI chart and compare with the 6mo CHTR chart. Both companies embattled with debt problems and who's common taken out back (and in about the same timeframe). CHTR just popped on some I think bondholder restructure news last week (which they are actively doing at the moment) but now retracked almost all (proving it was just short unwind). But look at the difference in the two charts overall. One, CHTR, is still descending. The other, SIRI, is showing a nice bottoming effect. Clearly, SIRI's is the preferred chart and shows the stark difference. I think it's OK to keep tracking and building this bottom for a bit. The more of that potentially bodes well for a more solid breakout when time...
Congrats on the house sale...not bad.
If its going back up its got to be one of the 3 ...LOL LOL
Ill settle for the L , wsa hoping for a V(large purchases higher), and would have ben content with a U(bought and sold in ranges anticipating breakout...)...
So, Im in at the L and hoping it is a correction of any shape...
DOW looks sick again....Last time it looked sick it rebounded nicely...So what do i know...
This will be the 5th DOW down day (not on NAS and S&P though as they went mixed against the DOW last week). Should pop tomorrow or Wed. I think if we hold 8350ish before next pop, I still think it's bullish. Maybe not breakout bullish, but keeping us from tanking bullish.
Alot of money out there still waiting to come in. Question is when will they pony up?
What's cheaper? 100M loan @ .9% or a 12 pack of Scotts?
Sirius Xm Radio Inc vs. Peers
Company / Market Cap / YTD Price Performance
Sirius XM Radio Inc / 491.9M / +16.7%
CBS Corporation / 5.7B / +2.6%
Sprint Nextel Corporation / 7.4B / +41.5%
Verizon Communications Inc. / 91.3B / -5.1%
AT&T Inc. / 157.2B / -6.4%
One person with a plan is all it would take here. Oh and a Billion dollars to part with for a quick second.
Will all of you please look at the 13 cent stock price and just take your tax loss? The first step along the way to recovery is admitting you have a problem. Do it.
Your idiocy is equally as comical my friend! LOL! Hmmm, tax loss. Oh, thank god Mr. Helper came around to tell us poor SIRI investors what to do with our money. Your just another fool among the sea of fools that trek through these boards. You have no soul, certainly no imagination..but you do have your opinion...to which you are entitled. Enjoy!