Serious Subscriber Decline Bodes Ill for Sirius XM 90 comments
Julia Boorstin
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Sirius XM (SIRI) satellite radio service faces tough competition from free services plus the challenge of keeping and adding subscribers despite a pullback in consumer spending.
The company, the result of a merger of Sirius Satellite Radio and XM Satellite Radio Holdings last July, has been struggling. And Thursday morning's quarterly results were worse than expected. Sirius XM finished the third quarter with 18.6 million subscribers, and while that's an increase of 3.5 percent from last year, it's also down by 400,000 from just three months earlier.
Satellite radio's shrinking subscriber base indicates satellite radio is not a necessity in this recession. When paid promotional trials expired, many people just didn't renew them. And the decline in auto sales to a multi decade low decimated one of the company's main sources of growth. Still, the company has managed to take advantage of economies of scale from the merger to narrow its losses. Its pro-forma net loss narrowed to 62.9 million from $233 million a year earlier, while pro-forma revenue grew 5 percent.
While just a few months ago the company warned investors it might have to file for bankruptcy protection, an injection of cash from Liberty Media (LCAPA) last month made a world of difference, allowing it to refinance. Last month Standard & Poor's raised its credit rating for the satellite radio maker, saying its liquidity position has improved.
The merger of the two satellite radio giants took so long and faced a slew of anti-trust concerns. But the performance of the merged company just goes to show that in this digital world there are so many different ways to consume media, that different formats compete with each other. Satellite radio is up against Internet radio and online music. Sirius XM is now counting on new distribution platforms to move away from its reliance on auto sales and to make its service a must-have no matter what the economy.
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This article has 90 comments:
Just a matter of time, and it will happen, just give it a couple more years.
I just amazes me how stupid they are.
I hate to tell you this (because you're kinda hot) but you're also kinda an idiot. Your opening thesis immediately is senseless..if you actually knew what the company was about.
>>Sirius XM (SIRI) satellite radio service faces tough competition from free services plus the challenge of keeping and adding subscribers despite a pullback in consumer spending.<<
Here's a news flash, News Babe. The only way to grow subs during a recession (when people are pulling back on spending money) is to raise your costs to obtain or retain those subs. That is not what SIRI was about in Q1 (in case it has escaped you). It is critical to for Mel and Co to keep operating costs lean right here, keep COH at good levels..and just be smart about the bottom line. The company's focus (as it should be) is now turning to positve cash flow, COH, and still bringing together the synergies fo the two merged companies of Sirius and XM. Q1 was most likely as bad as autos will get..although Q2 won't be any picnic either..but these things are tenporarily out of the company's control. As Autos right themselves, so will SIRI's sub growth..and concurrently they will start now working on new sub channels to augment autos in the future through advertising, et al.
Your part about competition from "free" services is ludicrious. How many things worthwile in life are actaully free Julia? Is a "free" model really your answer to compete with a content rich supplier like SIRI? When you're a free model Julia..tell me. How exactly do you pay for talent and content? That's just you doing the party line MSM thing because it sounds good.
p.s. how about an updated pic? What, is that picture from when you just graduated college?
p.p.s. SA..your manufactured negative headline for this article sucks. Her article is actually not that negative. IMHO you take censhorship, spin, and manipulation to new levels. But then I know how much you hate SIRI. Can you handle that criticism?
On May 08 08:00 AM relmar2003 wrote:
Just so everyone reading her articles
> knows, that in 1.5 years she has NEVER written anything positive
> about sirius, and only writes articles at crucial times to bash the
> stock
DUH
1.5 years ago SIRI was $2.50.
Get yourself a calculator and a brain.
On May 08 07:20 AM sl62 wrote:
> Julia...
>
> I hate to tell you this (because you're kinda hot) but you're also
> kinda an idiot. Your opening thesis immediately is senseless..if
> you actually knew what the company was about.
well thought-out post...you're use of the word 'you're' is amazing. Then you bring in the venerable 'an'...that's just artistic...and if all that weren't enough...you top it all off with a third word!!! Ass!. Sweet. I just don't know how you do it. and..so I'm an ass. what's your point?
On May 08 08:38 AM hernje wrote:
> You're an ass.
On May 08 08:07 AM FloorHomo wrote:
>
>
> Just so everyone reading her articles
On May 08 09:04 AM I'm Not Jim Cramer wrote:
> Oops, be carefull the paranoia is growing again. It means you're
> not looking at this as a business anymore. What difference does
> it make if YOU love the service, or if everybody you know loves the
> service. It's a BUSINESS. I defended the quarter yesterday, but
> I also sold the day before because we had come a long way. That's
> what you do. So I'm guessing the bottom is once again between .35
> - .40. Pick up more in that area, and quit whining. Jesus, you're
> up this year anywhere from 200% to 400% and that still isn't enough.
> Mel has done a terrible job running this company, and that is what
> is reflected in the stock price. Maybe in the future he digs his
> way out, maybe not. What do you care if you're standing beside the
> hole selling him shovels and getting paid for hauling away the dirt?
glad to see you over at sw...and I see you've had your hands full here at SA...appreciate your efforts....
INJC...
Hope all is well with you too...
On May 08 09:03 AM connorport wrote:
> Hey Homo! Back up! The bus left along time ago for you. Lets not
> waist
anyones
> time today with your lack of business sense and babble. You're
a
> clown.
siri to .25 by next week
position----reverse cowgirl
It's good to see you out on the streets again with Rel. I always love reading your comments, and your opening line on this one?....Priceless. For those of you out there on the sidelines thinking, but are hesitant of buying, do yourself a favor and read sl62's comment again. Those of us that are involved with this stock know three things. 1. This stock still has tremendous short term upside from its value correction off of BK risk pricing. 2. The guidance provided in Q1 sheds a good light on the SP's direction after revaluation is complete.(hint... UP!) & 3. The company has its regulatory battles behind them. When the royalty can of worms is fully opened on the "free" services, bye, bye. The so-called competition is on the verge of running into a Sirius Buzzsaw.
Julia, Serve us up another round of stupid. I'm buying!
thanks for the kind words and ditto. Your post was better...well-put. You should think about checking out satwaves...there's more going on there than just bickering and ludicrious comments/headlines about SIRI failure.
INJC..think about checking it out also. your opinion is valued.
I agree with you. They need to address this issue immediately!!
And yeah..Julia's content is usually a little light in the loafers and of the highest level. She's basically a weather girl..."and todays forecast was: Well, it was pretty much light all day today and later this evening it will be turning to dark!
On May 08 09:48 AM dead elvis wrote:
> This article is as genuine and as useful as Ms California's sentiments
> and prior plastic surgery.
On May 08 09:25 AM relmar2003 wrote:
> This article is so short, has no facts, and is nothing more than
> a slam. Its not journalism, because if she was reporting about the
> company, then why report ONE metric of it. Its so obvious it should
> work against her, people will realize that shes a hack writer, and
> buy on the contrarian view that if the media doesnt want me to buy
> this stock, seems like a good buy to me. NEVER had advice from the
> main stream media make me money. Never. If i listened to the Main
> stream media I never would have bought enough low shares to even
> have a chance to break ever. Hey floor homo, remember 4 BILLION
> is snyergeris every analist was touting per merger, and why I bought
> the stock. Well, we havent even be able to come close to 1 billion
> so far. They overestimated savings, in fact every analyist did,
> with a buy rating on the stock going into the merger. Now they say
> sell at the bottom. Do you see the game yet? Making sense to you?
> Readers out there reading this post, as yourself the last time a
> hack article like this has MADE you money.
You are quite correct.
Your plight with sirius/xm is equal to any dealing I have with Direct TV
Obviously the same morons run the front desks while the administration torch100 dollar bills to light up their cigars
Neither company in my opinion knows what they are doing and I was astounded to find out yesterday that Direct TV has as many clients as sirius/xm- 18million-thats all???
Anyone who has delt with Direct will know what I am talking about especially with their recent uprade scam to HD receivers.
A huge waste of time on the phone and as a result I usually reduce my subscription back to basic cable for a while- franky for spite
Can you just imagine Direct and Sirius doing something together-talk about entropy-Good God
I think Mel and the CEO of Direct- themselves should pose as a customer with his own company to see how bad it really is.They might put their cigar down and do something=If Mel thinks he is going to cut operational cost at 28% with the way customer service is now-can you just imagine the amount of foreign languages we will have to learn when cust service outsourced?
Long Siri
On May 08 09:02 AM sl62 wrote:
> hernia..
>
> well thought-out post...you're use of the word 'you're' is amazing.
> Then you bring in the venerable 'an'...that's just artistic...and
> if all that weren't enough...you top it all off with a third word!!!
> Ass!. Sweet. I just don't know how you do it. and..so I'm an ass.
> what's your point?
On May 08 09:18 AM sl62 wrote:
> connor...
>
> glad to see you over at sw...and I see you've had your hands full
> here at SA...appreciate your efforts....
>
> INJC...
>
> Hope all is well with you too...
Get ready. As you can tell, Mel doesn't lie down. A minor loss of subs during a depression doesn't bode well for shorts on the long term basis when autos will rebound. Remember Drekon, the massive amount of liquidity that the fed will pour in hasn't even started yet and SIRI is up 800% from trough. Don't be a loser. Run to the hills shorty.
On May 08 09:01 AM sparky wrote:
> perhaps the fact that SIRI was on the brink of failure contributed
> to the decline of subs. Many existing subs may have delayed renewal,
> and would-be subs waited to ensure that the company would exist
PEOPLE DON'T WANT IT
LET THAT SINK INTO YOUR HEAD
On May 08 11:09 AM sleiii wrote:
> Your use of "you're use..." is sinking your boat in this battle.
>
Whats the verdict on getting rid of all these XM assets. When do you think we see all XM streams running on SIRI sats? This would be the shorts worst nightmare.
On May 08 12:33 PM sl62 wrote:
> Oh look. It's Mr. Helper from the grammar police! Thanks Mr. Helper.
> Battle? Hardly. Just a simple dismissal of a stray insignificant
> comment that utilized exactly 1 brain cell to formulate. Kind of
> like yours. Have I spelled everything correct so far? Nothing else
> to say about the actual company that your best effort is to criticize
> my spelling of a word? Hang it up bro. Stick a fork in it cause 'you're'
> done. No cred.
Right? Getting paid to post is the only logical solution i can think of.
Why else would you take that amount of time and effort. Not one person on this earth who spends their day posting on one stock BEGGING people to change their opinion. Your either creepy, or its the other thing.
There's a few of us that know Sirius is really Anna Nicole Smith. She looks great great for a night or a week or two, but if you let her move in she'll put on 30 pounds immediately, have a kid that isn't yours, and call your parents names in druken stupor when she answers the phone!
I'm just saying . . .
On May 08 11:15 AM connorport wrote:
> What we need to do is to keep showing the true story here and the
> big
picture.
> Its obviously bigger than this writer knows. I think Tyler and
Brandon
> have a grasp on it.
I love your posts so please don't let up on the yokels who write these mindless articles.
>>The company, the result of a merger of Sirius Satellite Radio and XM Satellite Radio Holdings last July, has been struggling. And Thursday morning's quarterly results were worse than expected. Sirius XM finished the third quarter with 18.6 million subscribers, and while that's an increase of 3.5 percent from last year, it's also down by 400,000 from just three months earlier.<<
thanks for your continued efforts fighting the good satrad fight.
Long SIRI- PEACE
Before I head out..thanks for the big belly lol! Funny stuff... I gotta love your simplistic passion. sometimes it just works. have good weekend my friend.
On May 08 01:56 PM BChargers wrote:
> PEOPLE DON'T WANT IT.
> LET THAT SINK INTO YOUR HEADS
ITS IN EVERY CAR MADE. LET THAT SINK INTO YOUR HEAD.
That was fun. I might try that every time he posts really big. Im just going to post back. LOL fun.... Good stuff...
ITS IN EVERY CAR MADE. LET THAT SINK INTO YOUR HEAD.
That was fun. I might try that every time he posts really big. Im just going to post back. LOL fun.... Good stuff...
Have a good weekend. After now 2 attempts, next time we stand on the .63 stoop, we'll move through. Hang in there.
as suspected, nice .40 hold this morning. New support is all but in with all the retests yesterday. If we hold it through the close which I anticipate, next week we'll start inching back up.
As for you're rebuttal to the clown garbage that's going on here i have to agree. We've been there and seen the numbers and felt the pain so these clowns that got in in march and are pissed because one Q report was dissapointing are a joke to me and should be viewed as a joke by all new posters and new shareholders coming into the mix. I think real investors can decipher through all the clowns that post here and target the ones who are posting actual fact and metrix.
On May 08 01:28 PM sl62 wrote:
> btw...that gl on your biz was for you connor....
On May 08 02:15 PM sl62 wrote:
> rel..
>
> as suspected, nice .40 hold this morning. New support is all but
> in with all the retests yesterday. If we hold it through the close
> which I anticipate, next week we'll start inching back up.
On May 08 02:27 PM sl62 wrote:
> is Obama stoned? Now he's going to tax health benefits? If that happens
> you will see way more than a bunch of tea parties...
On May 08 02:27 PM sl62 wrote:
> is Obama stoned? Now he's going to tax health benefits? If that happens
> you will see way more than a bunch of tea parties...
Going back to read Options for Dummies one more time....
SIRI-LONG! PEACE
On May 08 03:27 PM connorport wrote:
> There's three times more interest on the Jan 5's and 7.50's than
> on the Dec 1.00's WOW!!! I hope someone knows something that we don't
> know.
On May 08 03:47 PM connorport wrote:
> The interest volume went up because dummies sold. They too are buying
the
> bargain. It represents a lot of people who believe this stock will
explode
> before the end of the year or a little insider birdy told them
so.
If Mel reports uptick in Q3 on Q2 cc
>>If Mel reports uptick in Q3 on Q3 cc<
As for Siri, Those that didn't follow my advice Wed to sell still have a chance to get out before the trickle down. It already started today and will trickle down probably to about .30. I raised my view a little from .25 to .30 now.
Buy back at .30 but need to sell now.
JAY BOY BILLY
As for Siri, Those that didn't follow my advice Wed to sell still have a chance to get out before the trickle down. It already started today and will trickle down probably to about .30. I raised my view a little from .25 to .30 now.
Buy back at .30 but need to sell now.
JAY BOY BILLY
JAY BOY BILLY
btw..... That bitch Julia is a disgusting pig. I ran into her a a charity function last week and caught her digging chicken bones out of the trash. Now that's classy!
Long SiriusXM
SL62, CONNORPORT, AND RELMAR ARE THE "SAME" PERSON HIDING BEHIND THREE DIFFERENT PROFILES.
If you read their "HIS" posts they basically are all the same with the same angry immature attitude.
Now that's funny, just surprised I didn't see this earlier.
JAY BOY BILLY
I would NOT be a buyer at .43. Wait another week and you will probably get in at .30 to .35.
JAY BOY BILLY
On May 08 09:51 PM mlongj wrote:
> This is a great price to buy in! .43? Really? By years in this stock
> will more than double. The worse of the recession is over. The cars
> will begin selling at a much brisker pace. There is much more good
> news to come from Sirius going forward. So, the earnings statement
> was not to everyone's liking...so. The best is yet to come. Buy now
> while the price is low.
>
>
> Long SiriusXM
You are entitled to your opinion. After all, everyone has one. Nevertheless, it is quite possible that you are wrong on this. Sirius has gone through a lot in the past 12 months and at this point they are better positioned than at any time in the past. If the SP got to 1.00 the market capital would be around 4 billion. This is what SiriusXM has in satellites alone, so it is not a stretch to suggest this is possible (after all they could bring the audio to Sirius Satellites and sell the XM satellites to Liberty and erase all the debt at some point in the future, they do have assets). When the auto market recovers (and we are beginning to see the beginnings of such a recovery), Sirius will be able to show the power of a monopoly which it has become. Instead of bashing Sirius, why not bash Liberty? Who is more stupid, Liberty for investing in Sirius or Sirius for accepting the lifeline? Hmmm, this is the question really, don't you think? Malone has the perspective which we do not have, and at this point it would be a good idea to trust his sentiment about Satrad.
Yes, .43 is a great point to buy in if your an investor. If you are a trader, it may well be more prudent to wait for your.3, but then again this might not ever come. The bottom seems to be right around .4 as I have not seen .3 in some time. I don't think .3 will happen again, so you really need to put some money into Sirius right now so you can profit on this stock. It will go up from here, guaranteed!
Your bitterness could be resolved with a quick investment at these levels. I would highly suggest you get in while the getting is good. The retraction back to .43 from .63 is another great opportunity to enter for future profits. Don't be negative! Jump on now and enjoy the ride!
Long SiriusXM
Siri/XM is an innovative American company and the only innovative company in America at this time----taking communications to the skies.
I haven't had a chance to read the full article----will be back later to read and assess why the author is so negative in titling her writing.------and comment further.
I'm bitter???? I don't feel that way. I just feel like there's more to ths company than FALSE HOPE and DILUSIONS.
JAY BOY BILLY
On May 09 08:48 AM mlongj wrote:
> wholesalecd
>
> You are entitled to your opinion. After all, everyone has one. Nevertheless,
> it is quite possible that you are wrong on this. Sirius has gone
> through a lot in the past 12 months and at this point they are better
> positioned than at any time in the past. If the SP got to 1.00 the
> market capital would be around 4 billion. This is what SiriusXM has
> in satellites alone, so it is not a stretch to suggest this is possible
> (after all they could bring the audio to Sirius Satellites and sell
> the XM satellites to Liberty and erase all the debt at some point
> in the future, they do have assets). When the auto market recovers
> (and we are beginning to see the beginnings of such a recovery),
> Sirius will be able to show the power of a monopoly which it has
> become. Instead of bashing Sirius, why not bash Liberty? Who is more
> stupid, Liberty for investing in Sirius or Sirius for accepting the
> lifeline? Hmmm, this is the question really, don't you think? Malone
> has the perspective which we do not have, and at this point it would
> be a good idea to trust his sentiment about Satrad.
>
> Yes, .43 is a great point to buy in if your an investor. If you are
> a trader, it may well be more prudent to wait for your.3, but then
> again this might not ever come. The bottom seems to be right around
> .4 as I have not seen .3 in some time. I don't think .3 will happen
> again, so you really need to put some money into Sirius right now
> so you can profit on this stock. It will go up from here, guaranteed!
>
>
> Your bitterness could be resolved with a quick investment at these
> levels. I would highly suggest you get in while the getting is good.
> The retraction back to .43 from .63 is another great opportunity
> to enter for future profits. Don't be negative! Jump on now and enjoy
> the ride!
>
> Long SiriusXM
I'm bitter???? I don't feel that way. I just feel like there's more to ths company than FALSE HOPE and DILUSIONS.
JAY BOY BILLY
On May 09 08:48 AM mlongj wrote:
> wholesalecd
>
> You are entitled to your opinion. After all, everyone has one. Nevertheless,
> it is quite possible that you are wrong on this. Sirius has gone
> through a lot in the past 12 months and at this point they are better
> positioned than at any time in the past. If the SP got to 1.00 the
> market capital would be around 4 billion. This is what SiriusXM has
> in satellites alone, so it is not a stretch to suggest this is possible
> (after all they could bring the audio to Sirius Satellites and sell
> the XM satellites to Liberty and erase all the debt at some point
> in the future, they do have assets). When the auto market recovers
> (and we are beginning to see the beginnings of such a recovery),
> Sirius will be able to show the power of a monopoly which it has
> become. Instead of bashing Sirius, why not bash Liberty? Who is more
> stupid, Liberty for investing in Sirius or Sirius for accepting the
> lifeline? Hmmm, this is the question really, don't you think? Malone
> has the perspective which we do not have, and at this point it would
> be a good idea to trust his sentiment about Satrad.
>
> Yes, .43 is a great point to buy in if your an investor. If you are
> a trader, it may well be more prudent to wait for your.3, but then
> again this might not ever come. The bottom seems to be right around
> .4 as I have not seen .3 in some time. I don't think .3 will happen
> again, so you really need to put some money into Sirius right now
> so you can profit on this stock. It will go up from here, guaranteed!
>
>
> Your bitterness could be resolved with a quick investment at these
> levels. I would highly suggest you get in while the getting is good.
> The retraction back to .43 from .63 is another great opportunity
> to enter for future profits. Don't be negative! Jump on now and enjoy
> the ride!
>
> Long SiriusXM
I invite you to look at the caption you used for your writing and then to read the paragraph that you wrote.
"Serious Subscriber Decline Bodes Ill for Sirius XM 85 comments"
"The company, the result of a merger of Sirius Satellite Radio and XM Satellite Radio Holdings last July, has been struggling. And Thursday morning's quarterly results were worse than expected. Sirius XM finished the third quarter with 18.6 million subscribers, and while that's an increase of 3.5 percent from last year, it's also down by 400,000 from just three months earlier."
The company finished the 3rd Quarter with 18.6 million subscribers which is a "3.5 percent increase in 1 years time" in subscribers----this is an "increase "
Now, note that the decline in subscribers in percentage is ------ 400,000 divided by 18,600,000 Million and is equal to just 0. 021% of the annual total of 3.5 percent increase in a year's time.
Is that really a "serious decline in number of subscribers"?
Please go back and consider your use of the word "Serious"-----is it accurate to call this a "Serious" decline. I think not.
This is hyberbole and appears to have been used to have a catchy headline for your article.
You are young and have a future--------don't fall into the trap of sensational journalistic headlines which is what you used either knowingly or unknowingly for the purpose of attracting attention to your articles for whatever purpose you intend.
It's a take it or leave it scenareo and I would leave it at this time.
JAY BOY BILLY
On May 08 09:02 AM sl62 wrote:
> hernia..
>
> well thought-out post...you're use of the word 'you're' is amazing.
> Then you bring in the venerable 'an'...that's just artistic...and
> if all that weren't enough...you top it all off with a third word!!!
> Ass!. Sweet. I just don't know how you do it. and..so I'm an ass.
> what's your point?