Sirius Monthly Cost Increase - Is It Worth It? 108 comments
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I received a letter in the mail this weekend from Sirius (SIRI) indicating that my bill would increase by over 15% from here on out due to a "U.S. Music Royalty Fee". This is an increase of $1.98/month on top of the $12.95 per month I had been paying. While the extra $24 per year won't break the bank, it's just one of many small nickel and dime increases that seem to pop up over and over - from fuel surcharges that popped up last summer (which took a surprisingly long time to elapse after oil retreated to $30/barrel) to food price increases (which again, did not subside when the price of corn declined again) to fees and taxes that are blatantly hidden from plain view...like today's oil change at Meineke that had a hidden couple bucks in "environmental waste" fees that were tacked on to the $19.99 oil change advertised on a huge sign in front of the garage. Somehow, even though I received no extra services, $19.99 turned into $24.50.
Sirius claims that the additional monthly fee will be used to "directly offset" payments to the recording industry. First of all, I'm confused why they owe the recording industry anything. If it weren't for radio stations playing the crappy music that the record executives push and "payola anyone?", it wouldn't translate into sales. What ever happened to musicians earning money from live shows and promoting their CDs at concerts? Oh, I forgot, most of today's pop "musicians" are now lip-syncing and don't even write or play their own music - or sing for that matter...but I digress (old guitarist reminiscing about Metallica, Pantera and 311 shows that blow away most of the garbage out there today).
What Sirius offers as a mea culpa I guess (even though this offer seems familiar, perhaps it's nothing new, but just a reminder) is that if you prepay, you can receive the following discounts:
1 year = 1 free month
2 years = 5 free months
3 years = 9 free months
Obviously, even if you're using a high discount rate for your Net Present Value model (which I recommend everyone ALWAYS uses when confronted with financial "options" to evaluate), each deal has a positive NPV and you should take advantage of it. But wait. There is a solvency risk here. If you assume that Sirius-XM stays in business and will be able to honor these commitments, then it's a great deal. If they go out of business, it's akin to when we had our gift card bankruptcy experience and found that paying up front doesn't always pay off when a company goes bankrupt.
Personally, I think with the cash for clunkers incentive (as misguided and pandering as it was) and a partially recovering economy, Sirius will stick around. So, I'll probably just take them up on the 3 year deal to optimize my NPV.
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Ask: 0.5544 x 1000
Volume: 106,873,061
All computer pump... Who trades at .0001 ????
It will go up when Mel wants it.... No sooner...
Atlease he still gets to take home his commission for bashing the stock at this forum though.
But since July 15th I have made $6,231.00 buying and selling SIRI. I work with 160,000 set shares traded in blocks as needed.
It is called day trading and working the GS computer spread.
How wrong have you been?
On Aug 05 03:41 PM SIRI-Doom wrote:
> Well, I am always wrong.
>
> But since July 15th I have made $6,231.00 buying and selling SIRI.
> I work with 160,000 set shares traded in blocks as needed.
>
> It is called day trading and working the GS computer spread.
>
> How wrong have you been?
On Aug 05 03:41 PM SIRI-Doom wrote:
> Well, I am always wrong.
>
> But since July 15th I have made $6,231.00 buying and selling SIRI.
> I work with 160,000 set shares traded in blocks as needed.
>
> It is called day trading and working the GS computer spread.
>
> How wrong have you been?
On Aug 05 04:13 PM jmsithy wrote:
> lol this is already down by .02 post trade oh yeah this will be a
> going up tomorrow lol
Real profit is made AFTER earnings time on a beat down stock with sirius upside potential.
And if you really were trading 160K of Sirius you would have made a whole lot more than that.
But then again we could both be lying.
On Aug 05 03:41 PM SIRI-Doom wrote:
> Well, I am always wrong.
>
> But since July 15th I have made $6,231.00 buying and selling SIRI.
> I work with 160,000 set shares traded in blocks as needed.
>
> It is called day trading and working the GS computer spread.
>
> How wrong have you been?
This would be fun if it was not so much work. Also, knowing I am only getting back small parts of what was lost in the “Quick and Dirty” scam takes away all the enjoyment.
Maybe one day SIRI will start going up. I agree forward looks is now better than backward. SIRI has a long way to go before it reaches the $1 mark without a rev-split. I will be sad if that happens.
We can always make money to pay the bills with SIRI as a penny. Just never get locked on a high sp because of greed.
Keep your working capitol in your pocket during higher risk events. A 2Q report with no clue or news is a high risk event in my book…
On Aug 05 04:07 PM jmsithy wrote:
> Get ready tomorrow will be a bottomless pit / did you all bring your
> parachutes? if today is any indication of what will be tomorrow lol
> .60 back down to .54 (yeah thats real investing magic) ala Kazam
> hocus pocus see just conjoured up 4500.00 today now thats the magic
> of this stock making dreams come true
On Aug 05 04:51 PM SIRI-Doom wrote:
> Very glad you made some too.
>
> This would be fun if it was not so much work. Also, knowing I am
> only getting back small parts of what was lost in the “Quick and
> Dirty” scam takes away all the enjoyment.
>
> Maybe one day SIRI will start going up. I agree forward looks is
> now better than backward. SIRI has a long way to go before it reaches
> the $1 mark without a rev-split. I will be sad if that happens.<br/>
>
> We can always make money to pay the bills with SIRI as a penny. Just
> never get locked on a high sp because of greed.
>
> Keep your working capitol in your pocket during higher risk events.
> A 2Q report with no clue or news is a high risk event in my book…
>
>
Read more: www.autonews.com/#ixzz...
You are speaking with someone who was personally deceived by Mel KarmaCrook. I quite SIRI soon after Mel said the words “Quick and Dirty”. I invested my retirement on the trust and words of my Boss, a multi-millionaire. So, you can see my reason for negative bios.
Since that tragedy, I have been forced to pay bills by trading the remaining SIRI crumbs. I make what I need each month without taking extra risk. In and out, I maintain the original avg share count as of the time of loses. I have hope of recovery some day.
I trade SIRI because I know the stock inside and out. I can see the patterns of corruption now making the news. I have been “outspoken” on the curuption. I have made every effort to expose Mel KarmaCrook and his collusion with Goldman Sachs.
Trading in SIRI and still being able to speak the truth about the stock and management is more truth than your going to get from the people here who have been selling SIRI all the way down to 10 cents. I have no reason to lie.
Posting here is more of a personal amusement. Our comments here have zero or less impact on the Goldman Sachs computer.
I must say, I get a kick out of posting the awful truth about Mel, GS, and SIRI just to upset the SIRI blogging sales crew that is camped here…
On Aug 05 04:45 PM holmesnmanny wrote:
> Oh, how wrong have I been? I made over 40K trading 10K on MNI(Mcclatchy)
> stock in two weeks time.
>
> Real profit is made AFTER earnings time on a beat down stock with
> sirius upside potential.
>
> And if you really were trading 160K of Sirius you would have made
> a whole lot more than that.
>
> But then again we could both be lying.
>
> On Aug 05 03:41 PM SIRI-Doom wrote:
On Aug 05 05:26 PM between the hedges wrote:
> jmsithy: Glad to hear that you are profiting because I have a long
> position, but you may be missing the big move. The problem with your
> parachute comment is that it is hurricane season. Your parachute
> may be filled with a sudden burst of upward tornadic air due to this
> hurricane the shorts are about to experience. Breaking news word
> for word from Auto News:Auto production is ramping up as dealers
> clamor to refill inventory thinned out by the unexpected success
> of the federal cash-for-clunkers program. Toyota, General Motors,
> Ford and others are hastily boosting -- or considering doing so --
> their third-quarter production schedules within days of a late-month
> surge that pushed the July U.S. auto sales rate to its highest point
> so far this year.
>
> Read more: www.autonews.com/#ixzz...
Either way, like it or not you seem harmless and entertaining. Not like anyone here would take your rants seriously. No cred babe.
Either way, like it or not you seem harmless and entertaining. Not like anyone here would take your rants seriously. No cred babe.