Sirius XM Finds New Ways to Fill Its Proverbial Bucket 73 comments
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By Brandon Matthews
As the quarter nears a close, Sirius XM Radio (SIRI) investors anxiously await auto sales data for the month of September, which in the minds of many is indicative of whether or not the company might report positive or negative subscriber growth. Recent market action suggests that many are betting on low auto sales to be reported. This may in fact be true. The question as it relates to Sirius XM subscription growth is whether that number will be high enough to offset any losses that might occur as promotional subscriptions from the previous year come to an end.
On the surface, the chances look slim that Sirius XM Radio will avoid reporting a loss of subs for the quarter. The idea is akin to filling a bucket that has a hole in the bottom. The hole represents the number of subscribers that opt out of subscribing to the service as their promotional subscription period comes to an end. Filling the bucket are new subscriptions that have just begun. As long as more new subscriptions are gained than those lost through the hole at the bottom of the bucket, the bucket fills. In sales it is referred to as a numbers game.
Analysts have been trained to look at the potential in a certain manner that is no longer valid. They tend to do a simple comparison of whether more new cars and trucks were sold in the same quarter in the previous year than the current quarter. Looking at it this way, Sirius XM Radio could have an ominous task before it. In the third quarter of 2008, 3,517,605 new vehicles were sold. The first two months of the current quarter reveal that only 2,259,080 new vehicles were sold. This creates a shortfall of 1,268,525 new vehicles that would need to be sold in September to realize a break-even point, assuming that penetration rates among auto manufacturers have not changed. Indeed they have changed and the increases have been substantial, yet have those increases in penetration been enough to offset the shortfall in year over year auto sales? Probably not, but a major difference has occurred in 2009 that did not exist in 2008... Sirius XM Radio found another way to fill the bucket.
I’m referring to its wide array of certified pre-owned deals that were signed this year with various automakers and resellers such as CarMax (KMX) and AutoNation (AN). Many of these programs were launched in the first and second quarters, and as these trials end, subscribers would of course be added to the equation. As the company prepares its relaunch into the retail sector in Q4 as another way of adding to its proverbial bucket, these CPO programs are overlooked by many Sirius XM Radio analysts as they have yet to see the actual results. I suggest that we are seeing those results. We know for instance that July subscriptions were positive, yet there were more cars sold in July 2008 than in July 2009. Clearly, these CPO programs are having a positive effect on subscriber additions. Even if only 800,000 new vehicles are reported sold later this week for September, the hoop Sirius XM has to jump through is small, as used car sales far outpace those on new.
Position: Long SIRI
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This article has 73 comments:
On Oct 01 08:56 AM jmsithy wrote:
> I wonder how this would effect the stock yet again another GM make
> (Saturn) is being discontinued
On Oct 01 10:01 AM SIRI-Doom wrote:
> Two Words
> GOVERMENT MOTERS
>
> Personally, I would never buy an American product after a Socialist/Communist
> take over of the company. As taxpayers, we all lose when government
> consumes and usurps private industry.
>
> I have been a Chevy man all my life. But, I will never buy a GM product
> when the US Government controls or owns a single share of stock.
>
>
> I hope SIRI will put more value in Ford and other distribution efforts.,
On Oct 01 10:11 AM Thad F wrote:
> The other news item concerning SIRI yesterday was the 2.00 increase
> in sub rate to pay for use of content. Is SIRI actually paying more?
> If not it seems to me that this might chase out some subscribers
> but should also increase revenue at no added cost netting a 10% increase
> that will go straight to the bottom line. Comments?
Wouldn't that be sweeeeet?
Now give me a bananna dummy
Mr. Stupid
On Oct 01 10:11 AM Thad F wrote:
> The other news item concerning SIRI yesterday was the 2.00 increase
> in sub rate to pay for use of content. Is SIRI actually paying more?
> If not it seems to me that this might chase out some subscribers
> but should also increase revenue at no added cost netting a 10% increase
> that will go straight to the bottom line. Comments?
This would be a good day to play the 3 cent spread on SIRI. You could pick up some change with a buy at .585 cents and sell at .63 cents.
That would be my play if a rev-spilt was not pending SIRI. SIRI is currently off limits to my risk assessment of the rev-split potential and devaluation.
On Oct 01 09:49 AM Pell wrote:
> Once again SIRI-Doom is showing his stupid side. The Board of Directors
> approved the split to receive an exception from the SEC a ways back.
> The 50 to 1 max and 10 to 1 min was established at that time to show
> SIRIXM can get above $1 if needed. The Board can at any time simply
> amend the split approval to whatever they want, 2 to 1, 3 to 2 etc.
> And that of course if it is even needed in the next 12 months. The
> time alotted to to go over a $1 for 30 consecutive days. SIRI-Doom
> give it up already!
On Oct 01 10:48 AM halfy wrote:
> Does he have any other side? Actually, I wouldn't say "stupid." It's
> more like "ignorant" - which isn't quite as bad...
Illiterate- and obviously to STUPID to use the spell check feature.
And no again- You've lost money and damn near your house.
And- we have proven you to be a Liar about trades you claim- you've proven you are an imbecile.
Go back to MSN blog- they may not yet realize you have no credibility, lie habitually, and embarrass yourself constantly.
Leave us before your infectious retardedness spreads!
40% on 6 SIRI trades this month!!! Thanks Mel- your the man!!!
On Oct 01 10:01 AM SIRI-Doom wrote:
> Two Words
> GOVERMENT MOTERS
Personally, I would never buy an American product after a Socialist/Communist take over of the company. As taxpayers, we all lose when government consumes and usurps private industry.
I have been a Chevy man all my life.
September US auto sales fall following buying spree over the summer
By Kimberly S. Johnson and Bree Fowler, AP Auto Writers
On Thursday October 1, 2009, 2:20 pm EDT
Buzz up! 0 Print
Companies:Ford Motor Co.
DETROIT (AP) -- GM, Ford and Chrysler reported September sales declines on Thursday, revealing a tough hangover from this summer's buying spree driven by big discounts to consumers.
AP - FILE - In this July 23, 2009 file photo, Ford vehicles are loaded onto a transporter outside a ...
Related Quotes
Symbol Price Change
F 7.01 -0.20
{"s" : "f","k" : "c10,l10,p20,t10","o" : "","j" : ""} General Motors Co. reported the steepest drop, 45 percent, when compared with September of last year. Chrysler Group LLC was down 42 percent and Ford Motor Co. had a much smaller decline of 5.1 percent.
Automakers got a big lift in July and August from the government's Cash for Clunkers program, which spurred sales of nearly 700,000 new cars and trucks. The program lured in many customers who otherwise would have waited until later in the year to walk into dealerships.
Now automakers are starting to feel the effect. GM said it sold 155,679 vehicles last month compared with 282,806 in September of last year. Ford reported sales of 114,241 in September, but the decline followed two straight months of rising sales. Chrysler sold only 62,197 vehicles last month.
GM blamed the decline on the clunkers program pulling buyers into July and August, weak consumer confidence and low inventory levels during September before production increases could replenish stocks.
"As expected, the market returned to pre-Cash for Clunkers levels in September," Mark LaNeve, GM's vice president of U.S. sales, said in a statement. "Fortunately the fourth quarter looks brighter."
Ford's top analyst told reporters on Thursday he does not think the Cash for Clunkers hangover will affect sales in October and beyond.
"I think most part the payback for the program will be minimal in the coming months," George Pipas said. "I don't think we should be using any excuses. I think from now on the economy stands on its own."
Cash for Clunkers and summertime production cuts kept inventories of popular models low during the month, but even so, Chrysler predicted its market share will rise 0.8 percentage points from August levels. The company increased factory output to replenish supplies.
"While we had some bright spots in September, it was still a challenging sales environment for the industry," Peter Fong, CEO of the Chrysler brand, said in a statement.
Sales of Ford's popular F-series trucks rose 3.5 percent, while sales of the new 2010 Taurus sedan increased more than 60 percent.
Ken Czubay, Ford's vice president of U.S. marketing and sales, said that could be a key indicator that pickup sales are starting to recover among core buyers who need them for work, and it may be an early indicator that small business owners are experiencing a turnaround.
"It's two months in a row of F-series sales increases for us," Czubay told reporters during a conference call. "It's not the large commercial purchases, it's more the individual."
The F-series trucks usually are the top-selling vehicle in the U.S.
The September results fell 37.2 percent from August totals, which were boosted by the government's program. Two of Ford's vehicles -- the Focus and Escape -- were top sellers in the program that ran during July and August and offered big discounts to buyers.
Sales of the those vehicles posted steep declines from from August to September. Focus fell 64.1 percent from August, when Ford sold 25,547 of the small, fuel efficient cars. The company sold 9,182 in September.
The Escape crossover posted a month-over-month sales decline of 58.5 percent, with Ford selling 8,692 of the vehicles last month, compared to 20,933 August sales.
Chrysler also saw a slowdown between August and September. The company's sales fell by a third to 62,197 from 93,222 in August.
South Korean automaker Hyundai was an exception in September. Its sales jumped 27 percent year over year on easy comparisions to a weak year-ago period and strong demand for its Elantra and Santa Fe models.
Automakers sold a combined 1.3 million vehicles in August for a seasonally adjusted sales rate, or SAAR, of 14.1 million. Many analysts expect a SAAR of 9.3 million for September.
Shares of Ford fell 19 cents, or 2.6 percent, to $7.02 in afternoon trading.
I am against the current management that has caused allot of doom that should never have happened. Look at the rev-split and you see Mel openly announced his plan to conduct a penny scam to sell stock and then rev-split. Not a single retail stock holder liked the plan at the time but it passed because of company default vote. SIRI management screws up endlessly.
I know more about the insides of SIRI than most employees. Some screwing up has been intentional. Goldman Sachs and Mel are joined at the hip.
But, I am here rooting for and trading SIRI. I know how it trades and the trends. So, I keep with what I know. Allot of money to be made on SIRI. But, we must be real and truthful. We can't hate the people who publish bad news.
Save someone and the one you save could be you...
On Oct 01 03:55 PM between the hedges wrote:
> Sirius, not the customer, pays the royalties and charges the customers.
> Copyright not a problem. There already is a sat radio provider for
> Asia, Europe, overseas. It is called WorldSpace. The problem is that,
> like terrestrial, it sucks. Sirius needs to merge with it to get
> their satellite technology and put the Sirius XM channels on it.
> Or they need to get all the channels on the internet and go that
> route. Either way, they need help from a strategic planner to get
> out in these areas of growth. In any event, Sirius is the new technology
> for radios. Eventually it will be in hundreds of millions of cars.
> With cash flow positive this year and profitable next year, you are
> crazy to short this company or not own it. Furthermore, the FCC is
> actually requiring Sirius to expand. As a condition of the merger,
> Sirius was required by the FCC to expand to Puerto Rico, which it
> just finished. Additionally, Sirius has bought repeaters for Alaska
> and Hawaii. Doom, its growing and you can't stop it with your lies.
We'll see but I problably will wait another day to go down again.
Mr. stupid
So... "get in while the gettin' is good!" and let the bashers say what they will.
Long SiriusXM
two years of patience with SIRI converted me into a day trader...
On Oct 01 10:35 AM SIRI-Doom wrote:
> Off Limits
>
> This would be a good day to play the 3 cent spread on SIRI. You could
> pick up some change with a buy at .585 cents and sell at .63 cents.
>
>
> That would be my play if a rev-spilt was not pending SIRI. SIRI is
> currently off limits to my risk assessment of the rev-split potential
> and devaluation.
>
>
These huge entities take all this wealth and eat themselves to death, drive fancy cars, and get their child a brand new mercedes for their first car. That's the kind of poisen were dealing with here.
Why should I be on the rear end while these guys laugh all the way to the bank.
Mr. Stupid
I wish they would offer outside the U S. I think that they would have quite a few hurdles to do that though. One thing I would say though to offer in foreign countries not only would they have to get approval by those governments. There may be interest in American style radio but the populations like to here there own too. You are not going to get some countries to go with Howard Stern and many could care less about Martha Steward ,Baseball, Nfl The Dead... Get the point?
On Oct 01 02:59 PM between the hedges wrote:
> The moment, I say the moment, that Mel decides to get on board with
> a strategic planner and releases the news that this service is going
> to China, India, Europe, South America, the shorts along with Doom,
> will puke.
On Oct 01 09:05 PM Mr. Stupid wrote:
> I got out of this stock last week.....why? This isn't a stock anymore.
> It' basically a controlled number controlled by hedge funds, shorts,
> and GS. Why do I want to be in a stock that won't trade its value
> even if things look up. This isn't a company anymore. It's a pendilum
> that swings whatever way the big boys want to swing it. I love Sirius
> and have it in all my cars but why trade a stock that's so easily
> manipulated by these crooks? Makes no sense for me to end up losing
> money to these players and on top of that the SEC basically ignoring
> their actions. The SEC will prosecute a guy or gal that uses inside
> information to make a small amount of money just to make an example
> at the same time they let these huge crooked entities run the show.
> Who knows, maybe the SEC has a hand in the cookie jar too. I wouldn't
> be surprised if there was some funny stuff going on there too. <br/>
>
> These huge entities take all this wealth and eat themselves to death,
> drive fancy cars, and get their child a brand new mercedes for their
> first car. That's the kind of poisen were dealing with here.
>
> Why should I be on the rear end while these guys laugh all the way
> to the bank.
>
> Mr. Stupid
On Oct 01 06:45 PM SIRI-Doom wrote:
> Patience will get your investment devalued in the rev-split run down.
>
>
> two years of patience with SIRI converted me into a day trader...
On Oct 01 10:15 PM jmsithy wrote:
> did you sell any CBAI
2009 $354mil
2010 $398mil
2011 $691mil
2012 $518mil
2013 $2.047bil
2014 $619mil
2015 $282mil
this company has never made money and is now losing subscribers. how do they pay for this again?
they won't -- this is a deaad company walking.
On Oct 02 09:46 AM jswede wrote:
> Sirius bonds/loans principal and interest due:
>
> 2009 $354mil
> 2010 $398mil
> 2011 $691mil
> 2012 $518mil
> 2013 $2.047bil
> 2014 $619mil
> 2015 $282mil
>
> this company has never made money and is now losing subscribers.
> how do they pay for this again?
>
> they won't -- this is a deaad company walking.
On Oct 02 10:10 AM SIRI-Doom wrote:
> Last Trade: 0.5650
> intelligent person comes up with their own opinion
> Hee Haw! Hee Haw! Hee Haw!!!
On Oct 02 10:27 AM SIRI-Doom wrote:
> Very strange
>
> When the pro SIRI people don't like a comment they scream "you have
> no credibility".
>
> Yet, month after month SIRI continues to fail all hopes.
>
> I don't care if it takes two years.
> Mel has full permission to rev-split at any moment. THAT IS A RISK
> TO BIG FOR MY MONEY...
>
> Debating the good or bad of the rev-split is like congress debating
> health care. It does not matter when they are going to do it anyway.
>
>
> Devaluation from the rev-split in a run down is the street expected
> outcome. They have had over a year to predict this devaluation. I
> agree as SIRI will be shorted to slide back down after the split.
It's taking a little dive but its expected for a micro-cap stock...this is definetely a day traders stock right now until it settles on more stable ground.
Mr. Stupid
On Oct 01 10:15 PM jmsithy wrote:
> did you sell any CBAI
$354mil for 2009? That would be $227,515,000 principal of the 10%cpn of 12/1/09 convertible (CUSIP 983759AC5), $33,249,080 principal of the 10%cpn of 12/1/09 (CUSIP 983759AB7), and another $90mil in interest.
yea, I'm aware of "mm" terminology. use it every day.
On Oct 02 10:00 AM Pell wrote:
> Hmmmmm jswede where did you get that info.
And if you know anything about finance use
> the big boy way to reflect a number $354MM etc.
jswede, yes creditability. Although not a word I meant your ability to analyze credit. Sorry wit didn't work.
On Oct 02 10:47 AM SIRI-Doom wrote:
> Pell
> Ok, ok, ok, you have an opinion and I wish you great profit.
>
> I have my opinion and feel safe waiting and trading safer stock.
>
>
> Cool...
If you look at debt alone to make such statements- lets look at Revenue ALONE to compare those numbers...
In the first two QTR's of this year, in quite possibly the worst economical times since the 1930's, SIRI had REVENUE of 1.178 B billion in just the first half of this year:
Q1 2009 - $587 MM
Q2 2009 - $591 MM
So by 3rd QTR end they will surpass last years full year Revenue;
(FYE 08 = 1,664 B <-- that's 1 Billion and 664 Million Revenue for full year 2008...)
Seems to me they may have enough change coming in to cover a little debt- especially if we ignore all the other worthless considerations like; 2 billion in XM assets yet to sell off, crazy new batch of product out recently, EVERY car maker installing their junk... and the list goes on...
Yep- time to toss the carnation on the casket and walk away... take doom with ya!
40k lot @ .28 still up 107% on a bad week- SIRI sucks so GOOD!
NET INCOME:
Q2 09: -$157mil
Q1 09: -$50mil
Q4 08: -$245mil
Q3 08: we'll skip this b/c it involved a $4.8bil 'one-time' loss
Q2 08: -$259mil
Q1 08: -$287mil
Q4 07: -$166mil
Q3 07: -$120mil
Q2 07: -$134mil
Q1 07: -$144mil
Q4 06: -$245mil
they've just doubled the debt and increased the yearly interest cost by more than 3x in the last year....
On Oct 02 10:41 AM Mr. Stupid wrote:
> Sold 50% of my CBAI at .0102
>
> It's taking a little dive but its expected for a micro-cap stock...this
> is definetely a day traders stock right now until it settles on more
> stable ground.
>
> Mr. Stupid
Man o man the things you see here?
Oh buy the way how was there GPM (gross profit margin) down or up? How bout OPM (Operating profit margin) down or up?
So recalculate and maybe you are still right. But if you real want to analyze DS (Debt Service) make sure you do the work.
PS Not claiming I did, or did I?
On Oct 02 11:28 AM jswede wrote:
> I'm looking at the debt only b/c it's bad enough.... if you want
> to bring in the income statement, let's look at what matters: not
> Revenue, but NET INCOME.... (you see, there's a cost to achieve that
> revenue...)
>
> NET INCOME:
>
> Q2 09: -$157mil
> Q1 09: -$50mil
> Q4 08: -$245mil
> Q3 08: we'll skip this b/c it involved a $4.8bil 'one-time' loss
>
> Q2 08: -$259mil
> Q1 08: -$287mil
> Q4 07: -$166mil
> Q3 07: -$120mil
> Q2 07: -$134mil
> Q1 07: -$144mil
> Q4 06: -$245mil
>
> they've just doubled the debt and increased the yearly interest cost
> by more than 3x in the last year.... keep hoping and keep your head
> in the sand....
Please do not make any more comments referrencing debt and the ability to pay, you sound silly.
On Oct 02 11:57 AM jswede wrote:
> you are all over the place. I'm talking only debt service and net
> income. the rest is noise when the discrepancies are of this magnitude.
>
>
> listen: my argument is not that Sirius will never be viable, and
> I fully agree that the situation is getting 'better'. but not 'better'
> in a meaningful way. the debt hole is too big, by a factor 10 or
> more, for Sirius to ever get out without restructuring.
>
> I'm 50/50 on whether Sirius will be a viable company in 5 years.
> but that's not the point: I'm 100% sure that the common stock, as
> you and I know it today, will not be along for the ride.
>
> it's ultimate price will be zero. and it's not going to take long.
>
I see the 3q report as an up. So, you can't hammer me for next month rise to 70 or 95 cents. On this 3q SIRI maybe could even hit a dollar for a day.
I made over 17K on SIRI 2q report just trading the spread. But I am sadly sitting out until the rev-split is done or off the table. I can not decide what Mel will do, (split sp hi or split sp low).
I only know Mel has planned this rev-split for over a year. He needs it to reduce the saturation from the stock he issued as part of this plan and more stock issued after. This plan was delayed by the economy, NASDAQ rule waiver. And, Mel is going to make it look good before it gets done. But, Mel will be getting his rev-split within the next 141 trading days. THAT IS RISK…
On Oct 02 01:46 PM SIRI-Doom wrote:
> Seeking Alpha Censorship strikes again...
>
> Check your comments many were just removed...
>
> Communist!!!!
WOW! A third of that would be nice.
And by the way most companies grow by incurring debt. Very few are able to self fund expansion.
Please jswede stop already.
On Oct 02 12:42 PM jswede wrote:
> 'growth potential'... lol. this company is losing subscribers and
> hemorraging money. the kind of growth SIRI would have to have to
> get out from under this pile of debt is pure fantasy.
>
> fact is that the sat radio market is about fully saturated -- you
> people can't live without your Sirius and therefore think that applies
> to all people. lol. 20-25mil is about as many subs as Siri will ever
> get.
>
> For perspective Cable/Sat TV has 65mil subs. Sat Radio will never
> approach 1/2 that. and they are now losing subs, and the next numbers
> will be brutal. under 18mil anyone?
>
> why don't YOU do some analysis and show it to me. I'd like to see
> the cash-flows, including debt service, and subscriber growth you
> expect going forward.
>
> On Oct 02 12:29 PM Pell wrote:
On Oct 02 01:47 PM SIRI-Doom wrote:
> between
> I see the 3q report as an up. So, you can't hammer me for next month
> rise to 70 or 95 cents. On this 3q SIRI maybe could even hit a dollar
> for a day.
>
> I made over 17K on SIRI 2q report just trading the spread. But I
> am sadly sitting out until the rev-split is done or off the table.
> I can not decide what Mel will do, (split sp hi or split sp low).
>
>
> I only know Mel has planned this rev-split for over a year. He needs
> it to reduce the saturation from the stock he issued as part of this
> plan and more stock issued after. This plan was delayed by the economy,
> NASDAQ rule waiver. And, Mel is going to make it look good before
> it gets done. But, Mel will be getting his rev-split within the next
> 141 trading days. THAT IS RISK…
I just wish it was over now so we can build on a good 3q report...
On Oct 02 01:59 PM Pell wrote:
> SIRI-Doom, I see your point and now I understand your position. But
> I still believe the risk outways the reward. Don't worry about the
> split. In the long run this will be a very very profitable industry.
> But I still do not think the split will happen. Mel is a sore loser
> and letting a split happen is losing in his mind. We are more likely
> to see the company buy back shares and retire them. If that happens
> the rewards could be huge!
On Oct 02 02:29 PM SIRI-Doom wrote:
> Well, as you say, if Mel is a sore loser than he must have his plan
> played out. December a year, in the stock holder meeting he oulined
> this plan to pay debt. His plan was to issue lots of stock (he did)
> and then rev-split to meet the Nsdq rules and recover the saturation.
> It is his plan. He gets his way.
>
> I just wish it was over now so we can build on a good 3q report...
>
On Oct 02 05:27 PM SIRI-Doom wrote:
> JMSITHY
> I can’t believe your investing in a cryogenic retailer. But, here
> is how to scam the scammer.
>
> Mico caps use small promotional companies because that is what they
> can afford. Find the promotional company pushing the stock. Contact
> the promotional company and make an appointment with the contract
> manager. Hand him $1,000.00 and take him to lunch. Offer him 1/3
> your profit if he will show you the promotional plan for your stock
> and have him call you when any changes are made…
>
> Use the promotional plan and buy the stock the day before a planned
> push…
>
> This is how pink sheet penny stock are traded every day, all insider…
On Oct 02 06:47 PM Big PJ wrote:
> Any guess where we're going next week?
It is important that the SEC understand the depth of public outrage about all of this, as they are holding a roundtable discussion and hearings about short selling practices sometime soon. Given all the positive developments that Sirius XM has put in place over the last few months, there is no doubt that the stock would be responding more convincingly on the upside if it were not for the ongoing manipulation we are all aware of.
On Oct 02 06:47 PM Big PJ wrote:
> Any guess where we're going next week?
The stigma of short selling could be affecting SIRI. However, it is well know that Goldman Sachs maintains a Hedge shorting SIRI of 60M to 1.7M shares for the security of the original SIRI merger loan. Goldman Sachs can do this because they hold a lean on shares and borrow on them to short.
Shorting could be part of the problem as a stigma in shorting means, "if it is shorted it should be falling". Yet, the information of the hedge is well known to large and institutional investors.
The SEC has investigated 3, three times and finally concluded that Goldman Sachs large hedge is lawful and (they even said) advisable to insure the original loan.
The SEC has also made inquiries on Flash, computer trading manipulation but has not released an opinion.
All of this can be confirmed. You can request a copy of the SEC investigation(s) conclusions. You can also review the merger loan contract with Goldman Sachs for how the lean shares were provided. SIRI is my baby project and I have done this work.
Here is opinion. The real and big problem is Flash trading...
IF SIRI recovered the lean shares on the merger loan, Goldman Sachs would close millions of shares they have short. Short problem would be solved.
On Oct 02 07:32 PM R A F wrote:
> SIRI is being held back by a concerted effort to pressure the stock
> by manipulation tactics that are thoroughly revealed in the current
> issue of Rolling Stone. The article by Matt Taibbi "Wall Street's
> Naked Swindle" is a real eye opener and should be read by each and
> every investor in Sirius XM Radio, as these tactics are seen on a
> daily basis in the trading of SIRI. I would suggest that all who
> are incensed by this situation send an e mail detailing your thoughts
> on this - to: Chairman Mary L. Schapiro chairmanoffice@sec.gov...
> is important that the SEC understand the depth of public outrage
> about all of this, as they are holding a roundtable discussion and
> hearings about short selling practices sometime soon. Given all the
> positive developments that Sirius XM has put in place over the last
> few months, there is no doubt that the stock would be responding
> more convincingly on the upside if it were not for the ongoing manipulation
> we are all aware of.
Remember the big drop in SIRI stock the day after the merger. Do you remember the media frenzy about dilution of shares from the merger loan?
Mel had to make a personal announcement about how the loan was not a dilution. He explained the shares were not issued yet and off the books. These are the lean shares still causing problems today…
IF SIRI recovered the lean shares on the merger loan, Goldman Sachs would close millions of shares they have short. Short problem would be solved.
pell-
you trying to debate jswede is funny. obvously you don't know he one of the originals here and one of the smartest guy on the block. good luck to you because youll need it! Ill just keep laughing
On Oct 02 01:55 PM Pell wrote:
> Once again you are wrong. You missed the 40 million subscribers of
> digital cable subscribers. And as of 2006 58% of the homes in the
> US had cable television.
>
> WOW! A third of that would be nice.
>
> And by the way most companies grow by incurring debt. Very few are
> able to self fund expansion.
>
> Please jswede stop already.
On Oct 03 10:38 AM 475686 wrote:
> good article brandon. i think quarter number will be good,
>
> pell-
>
> you trying to debate jswede is funny. obvously you don't know he
> one of the originals here and one of the smartest guy on the block.
> good luck to you because youll need it! Ill just keep laughing<br/>