Sirius Can Avoid Bankruptcy 100 comments
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Sirius XM's (SIRI) shares cannot get love from Wall Street. The shares have been stuck at the 60 cents range since August and a recent survey from the Street.com voted SIRI as the company most likely to go bankrupt. I mentioned SIRI as one stock to consider in my write-up Stocks to Buy in a Cyclical Advertising Recovery, although a majority of their revenues are subscription based.
The $4 billion market cap company (including the Liberty preferred shares) has $3.3 billion in debt with three quarters of that coming due between 2011 and 2013. With only $550 million in cash on the books today, 2010 will be a show me year in terms of driving the model to profitability and avoiding bankruptcy.
CEO Mel Karmazin is intent on improving the company's cash flow to avoid that scenario and I think he has a greater than 50% chance of succeeding. Couple that with Liberty Media's (LMDIA) interest in avoiding a SIRI bankruptcy, I am inclined to consider the shares at these levels. Liberty can make a cash tender offer for all outstanding shares of SIRI that it does not already own between year two and three of the merger, according to company filings. However, as discussed below, a poison pill may inhibit that action prior to August 2011.
A reverse split is likely in the near future allowing institutional holders who face limits on share prices to buy the stock. Although the flip side is that shorts can come in again with a vengeance.
It is true that the retail channel is dead and should remain so for sometime and that the dismal September auto sales figures, following the end of the cash for clunkers program, does not portend an exciting future for the company. However, I think Karmazin can milk the existing 15 million self-pay subs, which are declining only marginally, while continuing to cut costs from the model.
The company has guided for $400 million in EBITDA for 2009 and could likely beat that number. The recent music royalty pass-through fees are high margin revenues and should grow EBITDA along with the increased fee for family plan subscriptions and the add-on fee for Internet streaming. The used car market, where an estimated 15 million pre-owned cars are enabled with a satellite radio, presents an attractive growth opportunity.
In the coming years, more costs can be taken out by renegotiating the unprofitable Howard Stern contract, Nascar, and the MLB. I believe that SIRI has already renegotiated the GM contract, paying GM a lower revenue share and achieving lower subscriber acquisition costs. Further, satellite capex is likely to be reduced significantly beyound 2011 after the last spare satellite is launched into orbit, providing a boost to free cash flow. And don't forget the nearly $7 billion in NOLs that is valuable to an acquirer, although a poison pill put in place in April 2009 limits the value of these NOLs if the company is acquired prior to August 2011.
So all is not gloom and doom for SIRI. There is light and value at the end of the tunnel.
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This article has 100 comments:
Sirius XM Executives Intend to Sell Shares
The Wall Street Journal
online.wsj.com/article...
Today in the news we are hearing about SDR’s, special drawing rights. I have warned friends about the Amero and SDR’s for 2 years. Now, everyone is talking about the death of the dollar.
Next week the G20 is expected to recommend the world remove the dollar as the reserve currency and replace it with SDRs. IRAN is already trading Oil in SDRs . Trading Oil in anything other than the dollar has always been a War starter. But, now that the IMF and World Bank are recommending Oil be traded in SDR’s, the dollar is in big trouble.
China and Italy are buying up American Assets and Banks. Over 100 banks have failed this year and the assets of most of these banks have been sold to foreign investors. Other countries are dumping the dollar for tangible, real US property assets.
If all this play out, the dollar will soon be in a state of glut saturation. The stock market may continue to rise for a while as the dollar deflates in massive devaluation and inflation.
Gold has risen $40.00 and the dollar has lost 3 points since 12am on the SDR news just now being released. Gloom and Doom may be the future of the dollar.
Can SIRI survive massive inflation and millions of people in a state of panic as they continue to lose jobs and homes? What companies can survive? God save us…
Long in doom and gloom
got to be a paid basher, or a very loaded short, or a not job.
hmmm..I dont think GOD really cares about the stock price of SIRI...or about people gaining or losing on the stock...Assuming there is a god of course.,,,,,.thats another story.....
On Oct 07 08:15 AM relmar2003 wrote:
> Sirius-Doom, there is NO CREDANCE to that rumor. You are an extremely
> evil person for spreading fear on such a broad topic and relating
> it to SiriusXM. This company's story is so far from BK, its a joke.
> They have no debt due till 2011, and most of it due in 2013/2014.
> THey have plenty of time to grow and accumulate cash till then, get
> the stock price up. Fearmongering on this company hasnt been a successful
> strategy since I have gained over 600% on this investment. No one
> ever made any money listening to fearmongerer. Good luck standing
> before God and explaining yourself to him. I wouldnt want to be you.
First,
'Sirius XM Executives Intend to Sell Shares
The Wall Street Journal
online.wsj.com/article...
'The last time an insider at the company made a purchase larger than a few hundred dollars was in August 2008, when Sirius XM Chief Executive Mel Karmazin bought two million shares shortly after the merger of Sirius Satellite Radio Inc. and XM Satellite Radio Holdings Inc. ...'
What does it mean to me. That the insiders don't have money to buy, because if you were at the position of Mel and cie at the time they received the cash from Liberty Media in February, they were the first to know that siri was rescued and, consequently the first in a position to buy, but they were not able to do so.
Second, the news about the bankruptcy of siri was repeated at least 5 times in the last week. There are 2 possibilities to explain these repetitions: (i) news makers are really concerned with our investments and try to help us to avoid bad investment; (ii) somebody is interested to repeat the news in order to provoke sell off and take advantage after that buying cheaper.
I believe that the second situation is more natural and frequent taking into account that there are a lot of 'specialists' paid to manipulate stock market information.
Executives Intend to Sell Shares" (page C1 of today's edition) and it is much more balanced than the summary report seen in earlier headlines on Yahoo would indicate. Among other things - this is all part of planned short term compensation and incentives and the named executives "still have significant holdings of Sirius XM shares".
Also - "Mr. Karmazin wasn't among the sellers".
The article went on to cite several positives for the company - such as guidance provided in March that it "expects to generate for the year more than $300 million in earnings before interest, taxes, depreciation and amortization." Barrington Research is also quoted in the article as maintaining an "outperform" rating, citing "the company had improved its cost structure and could generate top-line improvement over the next year or two as it institutes additional subscriber fees".
In sum - the actual article is much more balanced than the headlines would suggest - as usual.
On Oct 07 09:08 AM User 404033 wrote:
> Let's try to find some logic in the recent news about siri.
>
> First,
> 'Sirius XM Executives Intend to Sell Shares
> The Wall Street Journal
> online.wsj.com/article...
>
> 'The last time an insider at the company made a purchase larger than
> a few hundred dollars was in August 2008, when Sirius XM Chief Executive
> Mel Karmazin bought two million shares shortly after the merger of
> Sirius Satellite Radio Inc. and XM Satellite Radio Holdings Inc.
> ...'
>
> What does it mean to me. That the insiders don't have money to buy,
> because if you were at the position of Mel and cie at the time they
> received the cash from Liberty Media in February, they were the first
> to know that siri was rescued and, consequently the first in a position
> to buy, but they were not able to do so.
>
> Second, the news about the bankruptcy of siri was repeated at least
> 5 times in the last week. There are 2 possibilities to explain these
> repetitions: (i) news makers are really concerned with our investments
> and try to help us to avoid bad investment; (ii) somebody is interested
> to repeat the news in order to provoke sell off and take advantage
> after that buying cheaper.
> I believe that the second situation is more natural and frequent
> taking into account that there are a lot of 'specialists' paid to
> manipulate stock market information.
Who are the top 5 executives in SIRI? Does the top mean the very top? Does the CEO start at the top? Is Mel the CEO? Is Mel one of the top executives?
sugar coating fairytales about this bad news
Real-Time: 0.5301
Real-Time: 0.5301
insder activities from Etrade on Siri stock
10/2/09 Frear David J
Chief Financial Officer Sale 191,260 0.57 – 0.57 1,411,190 $109.7 K
Meyer James E
Officer Sale 273,230 0.57 – 0.57 2,037,240 $156.7 K
Donnelly Patrick L
General Counsel Sale 163,940 0.57 – 0.57 2,071,100 $94.0 K
Greenstein Scott An...
President Sale 232,250 0.57 – 0.57 2,152,350 $133.2 K
Altman Dara F
Officer Sale 136,620 0.57 – 0.57 1,498,970 $78.4 K
9/1/09 Greenstein Scott An...
President Sale 232,250 0.69 – 0.69 2,384,250 $159.4 K
Altman Dara F
Officer Sale 136,620 0.69 – 0.69 1,635,400 $93.8 K
Donnelly Patrick L
General Counsel Sale 163,940 0.69 – 0.69 2,244,660 $112.5 K
Meyer James E
Officer Sale 273,230 0.69 – 0.69 2,310,100 $187.5 K
Frear David J
Chief Financial Officer Sale 191,260 0.69 – 0.69 1,602,110 $131.3 K
8/3/09 Frear David J
Chief Financial Officer Sale 191,260 0.47 – 0.51 1,793,370 $92.3 K
Meyer James E
Officer Sale 273,230 0.47 – 0.51 2,583,330 $131.9 K
Donnelly Patrick L
General Counsel Sale 163,940 0.47 – 0.51 2,408,600 $79.1 K
Altman Dara F
Officer Sale 136,620 0.47 – 0.51 1,772,020 $65.9 K
Greenstein Scott An...
President Sale 232,250 0.47 – 0.51 2,616,500 $112.1 K
7/21/09 Altman Dara F
Officer Sale 136,620 0.40 – 0.40 1,900,970 $54.1 K
Greenstein Scott An...
Officer Sale 232,250 0.40 – 0.40 2,848,750 $91.9 K
Donnelly Patrick L
General Counsel Sale
On Oct 07 10:07 AM jmsithy wrote:
> Here are the officers that repeatily do this I dont know why this
> is anything new
>
> insder activities from Etrade on Siri stock
>
> 10/2/09 Frear David J
> Chief Financial Officer Sale 191,260 0.57 – 0.57 1,411,190 $109.7
> K
> Meyer James E
> Officer Sale 273,230 0.57 – 0.57 2,037,240 $156.7 K
> Donnelly Patrick L
> General Counsel Sale 163,940 0.57 – 0.57 2,071,100 $94.0 K
> Greenstein Scott An...
> President Sale 232,250 0.57 – 0.57 2,152,350 $133.2 K
> Altman Dara F
> Officer Sale 136,620 0.57 – 0.57 1,498,970 $78.4 K
> 9/1/09 Greenstein Scott An...
> President Sale 232,250 0.69 – 0.69 2,384,250 $159.4 K
> Altman Dara F
> Officer Sale 136,620 0.69 – 0.69 1,635,400 $93.8 K
> Donnelly Patrick L
> General Counsel Sale 163,940 0.69 – 0.69 2,244,660 $112.5 K
> Meyer James E
> Officer Sale 273,230 0.69 – 0.69 2,310,100 $187.5 K
> Frear David J
> Chief Financial Officer Sale 191,260 0.69 – 0.69 1,602,110 $131.3
> K
> 8/3/09 Frear David J
> Chief Financial Officer Sale 191,260 0.47 – 0.51 1,793,370 $92.3
> K
> Meyer James E
> Officer Sale 273,230 0.47 – 0.51 2,583,330 $131.9 K
> Donnelly Patrick L
> General Counsel Sale 163,940 0.47 – 0.51 2,408,600 $79.1 K
> Altman Dara F
> Officer Sale 136,620 0.47 – 0.51 1,772,020 $65.9 K
> Greenstein Scott An...
> President Sale 232,250 0.47 – 0.51 2,616,500 $112.1 K
> 7/21/09 Altman Dara F
> Officer Sale 136,620 0.40 – 0.40 1,900,970 $54.1 K
> Greenstein Scott An...
> Officer Sale 232,250 0.40 – 0.40 2,848,750 $91.9 K
> Donnelly Patrick L
> General Counsel Sale
1. to offset the paycheck that SIRI can not afford to pay.
2. tax advantages of 15 percent on equity instead of income tax.
But top exec's do not normaly sell "ALL" unless somthing is going bad. I think this is this is the precurcer for the reversplit...
On Oct 07 09:52 AM jmsithy wrote:
> I think I will buy back in at .30
Plus take a look at UIS who just approved a 1 to 10 split (yesterday to be executed in late October) trading at above $2.50 today. Do you think they are a bad company or just trying to retire 648 million shares and start catching the eye of huge institutional investors at $25 to $28 a share? Just like your professional opinion.
On Oct 07 10:25 AM SIRI-Doom wrote:
> As explained in the company stock program,
> 1. to offset the paycheck that SIRI can not afford to pay.
> 2. tax advantages of 15 percent on equity instead of income tax.
>
>
> But top exec's do not normaly sell "ALL" unless somthing is going
> bad. I think this is this is the precurcer for the reversplit...
The Wall Street Journal
online.wsj.com/article...
Sirius XM Satellite Radio (SIRI) is a popular stock with speculators, day traders and individual investors. It has developed something of a cult following on the bulletin boards. And anyone who managed to grab it last winter, when it traded as low as about a nickel a share, has done well—the stock is now 59 cents, after touching 70 cents a few weeks ago.
But this is not your ordinary penny stock. Anyone trading it, one way or another, ought to have some idea of what they are buying or selling. But with Sirius XM, it's not immediately clear what the company's really worth.
At 59 cents, the shares look cheap. But there are vast amounts of shares in existence: 3.88 billion, giving the equity a hefty aggregate market value of $2.26 billion. A consolidation is likely at some point, which would cut the number of shares and raise their average price. Wall Street does not consider penny shares respectable. And Nasdaq listing rules require shares to trade above $1 over time.
Not Yet a Buy
online.wsj.com/article...
Why do you think that the company has not issued statements to do damage control, and allowed a free for all with the media.?
Now, they are smart ,they arent marters, somewhat defiant, but it is our company- not theirs
Whats your honest take without all the obvious rhetoric.?
If Mel would get the rev-split over and raise the sp over $5.00 the large institutions would be able to invest again. SIRI would get back on the Russel Index and things would start happening.
I have not said SIRI does not have a possible good future. I just think managment sucks. Being joined at the hip with Goldman Sachs has disadvantages for stock holders.
SIRI is taking hits in the media today. Somthing big is about to happen. I would NOT be buying. More down to come...
On Oct 07 10:33 AM Pell wrote:
> "Offset paycheck?" Really. And I guess you wouldn't look for other
> employment unless you saw value in stock. So you are assuming the
> stock is lousy and those employees decided to work for nothing? SIRI-Doom
> you may have just contradicted everyone of your arguements against
> this stock.
>
> Plus take a look at UIS who just approved a 1 to 10 split (yesterday
> to be executed in late October) trading at above $2.50 today. Do
> you think they are a bad company or just trying to retire 648 million
> shares and start catching the eye of huge institutional investors
> at $25 to $28 a share? Just like your professional opinion.
Why the change of title?
WAS: Sirius XM Executives Intend to Sell Shares
NOW: Sirius XM Executives Stay on the Sell Side
Doom. Surprised you didn't jump back in the water.
On Oct 07 10:44 AM SIRI-Doom wrote:
> My opinion since you ask:
> If Mel would get the rev-split over and raise the sp over $5.00 the
> large institutions would be able to invest again. SIRI would get
> back on the Russel Index and things would start happening.
>
> I have not said SIRI does not have a possible good future. I just
> think managment sucks. Being joined at the hip with Goldman Sachs
> has disadvantages for stock holders.
>
> SIRI is taking hits in the media today. Somthing big is about to
> happen. I would NOT be buying. More down to come...
On Oct 07 08:15 AM relmar2003 wrote:
> Sirius-Doom, there is NO CREDANCE to that rumor. You are an extremely
> evil person for spreading fear on such a broad topic and relating
> it to SiriusXM. This company's story is so far from BK, its a joke.
> They have no debt due till 2011, and most of it due in 2013/2014.
> THey have plenty of time to grow and accumulate cash till then, get
> the stock price up. Fearmongering on this company hasnt been a successful
> strategy since I have gained over 600% on this investment. No one
> ever made any money listening to fearmongerer. Good luck standing
> before God and explaining yourself to him. I wouldnt want to be you.
To bad my rules will not let me play. I will not buy in peril of a rev-split. SIRI could use the pop to offset the stigma run down of the split. You gota have rules...
On Oct 07 10:50 AM between the hedges_ wrote:
> This is purely a scheme to get the stock down so that it can be bought
> again before the 3q surge. Same scare tactics applied last quarter.
> Get ready for the pop. Trust Mr. Amobi.
Virtually the same story came out back in July. Board members selling a small portion of their shares is not a big deal. The Board of directors and a few other senior leaders are given their contractually owed/earned/awarded numbers of shares on a regular basis. The same 5 members have sold off a few (looks like less than 4% of each of their share totals- i.e.- they were given between 1-3 million each and have sold 80-200k shares lots- since now all of then have between 2-5 million remaining- they are not selling out!)
Anyway, they are contractually limited to a % and time frame they are allowed to sell. So- they set up sells each every QTR because it's their money, they need a new Mercedes, the ex-wives alimony is due, kid needs to go to Haavad BS etc... There is not a sell OUT- they probably want to use the cash in hand to SHORT a few terrestrial radio stations!!! Besides- when the story came out in July the sp was .38- and a month later it was .78. Flee if you skert- I'm buying! 20,000 more added today @ .525 and I'll get more if it goes lower!
PEACE and GREEN TRADES
If memory serves correctly there was a insider selling schedule for the next 1 or 2 years, filed several month ago, absolutely nothing new about that and nothing wrong about that either. I am sorry but I fail to see the problem and regarding to the bankruptcy enough is said already.
It is not only manipulation, it is also a pretty simple minded one, they don't even try to make it sophisticated.
Someone mention Mr. Amobi, I assume he is an analyst and I would like to read what he had to say. I would appreciate if someone could post a link. Thanks a lot.
On Oct 07 11:46 AM 1more4me wrote:
> Hey folks,
> Virtually the same story came out back in July. Board members selling
> a small portion of their shares is not a big deal. The Board of directors
> and a few other senior leaders are given their contractually owed/earned/awarded
> numbers of shares on a regular basis. The same 5 members have sold
> off a few (looks like less than 4% of each of their share totals-
> i.e.- they were given between 1-3 million each and have sold 80-200k
> shares lots- since now all of then have between 2-5 million remaining-
> they are not selling out!)
> Anyway, they are contractually limited to a % and time frame they
> are allowed to sell. So- they set up sells each every QTR because
> it's their money, they need a new Mercedes, the ex-wives alimony
> is due, kid needs to go to Haavad BS etc... There is not a sell OUT-
> they probably want to use the cash in hand to SHORT a few terrestrial
> radio stations!!! Besides- when the story came out in July the sp
> was .38- and a month later it was .78. Flee if you skert- I'm buying!
> 20,000 more added today @ .525 and I'll get more if it goes lower!
>
>
> PEACE and GREEN TRADES
Tuna Amboi is an Analist for Standard and Poors. Below is a cut and paste of his last commentary and can be found on most Anaylist Reseach sections for SIRI at S&P, Nasdaq, and several brokerage sites.
"""August 31, 2009 04:56 pm ET ... S&P MAINTAINS HOLD OPINION ON SHARES OF SIRIUS XMRADIO (SIRI): With recent signs of some auto OEM stabilization likely further outweighed by continued anemic retail trends, we see about 18.2M and18.0M subscribers by '09 and '10 end, respectively (vs. '08's 19.0M), considering cash-for-clunkers and iPhone app. SIRI seems to have weathered near-term financing hurdles, though probably not fully dissipated. Factoring $750M of new senior notes (partly on refi), we narrowed '09 loss per share est by $0.08 to $0.08, see $0.01 EPS for '10 (vs. $0.06 loss), and we raise our EV/Sales target price by
$0.50 to $1, noting $7B of net operating losses. /T.Amobi - CPA, CFA"""
Caveat: Take it as you will---but that came when the sp was about .70----may or may not apply at .53 but don't see why the outlook would change in a month and pre-CC in November.
PEACE AND GREEN TRADES!
What has me freaking is this SDRs news. Know one has ever seen this happen before. Who knows how it is going to affect the market or how long it will take. The G3, World Bank and IMF recommending trading oil in SDR is an American tragedy. If they remove the Dollar as the world reserve currency we could all be living in the street.
Things are not looking good. I think our Government is lying about economic recovery. In a few months SIRI may be the last thing on our minds.
As for today
This would have been a great day for day trading SIRI. But honestly I would have been too freaked by the sudden 9 cent drop to buy SIRI at the low of 51 cents today. I think there is more to the executive selling and something is about to happen.
Music protection and royalty contracts stop SIRI dead on the international front. Try again in 4 years...
On Oct 07 12:44 PM between the hedges_ wrote:
> AMAZON REVEALS INTERNATIONAL, YES INTERNATIONAL, VERSION OF KINDLE.
> IS SIRIUS NEXT TO UNVEAL THEIR VERSION??? COVER COVER COVER. INTERNATIONAL
> WOULD SEND THIS STOCK SOARING AND SLICE AND DICE THE SHORTS.
Mr. Stupid
On Oct 07 12:59 PM between the hedges_ wrote:
> I did not say China, but Apple is there and there is an app for Apple.
> Sirius pays royalties and charges customers. No copyright problems
> with extending into China, therefore. I said international. There
> are other places than China. What about S. America. Sirius is extending
> its fingers into the territories of the US. Puerto Rico. Is S. America
> next? Is Europe next?
So, ROYALTY FEEs are an old story and crappy idea. Radio never paid royalties so why should SIRI or Internet radio? It all sucks...
Apple app can sell international but not all. They can sell. That is what they do, sell. They sell music tracks with royalties paid in the price. However, SIRI is CD quality recordable music. The studio crooks are afraid someone is going to steal somthing from them.
On Oct 07 12:38 PM SIRI-Doom wrote:
> Put SIRI bankruptcy talk to rest. That was all started by thestreet.com
> and it is just noise. Hertz has them in court over it. Evaluate again
> in Feb for changes.
>
> What has me freaking is this SDRs news. Know one has ever seen this
> happen before. Who knows how it is going to affect the market or
> how long it will take. The G3, World Bank and IMF recommending trading
> oil in SDR is an American tragedy. If they remove the Dollar as the
> world reserve currency we could all be living in the street.
>
> Things are not looking good. I think our Government is lying about
> economic recovery. In a few months SIRI may be the last thing on
> our minds.
>
> As for today
> This would have been a great day for day trading SIRI. But honestly
> I would have been too freaked by the sudden 9 cent drop to buy SIRI
> at the low of 51 cents today. I think there is more to the executive
> selling and something is about to happen.
On Oct 07 12:53 PM SIRI-Doom wrote:
> Stop with that dam international rumor about SIRI. You are reducing
> your credibility and the credibility of this board. SIRI can NOT
> go to china. Stop being stupid...
>
> Music protection and royalty contracts stop SIRI dead on the international
> front. Try again in 4 years...
You can have SIRI in any place you have access if you have a US, Canada, or Mexico billing address...
On Oct 07 01:35 PM Neal Barkett wrote:
> How do you stop somebody from buying something they can recieve over
> the internet. If I'm in Australia or France etc. and am aware that
> I can get Sirius Xm over the internet why couldn't I be a sub?<br/>
We all know what the company needs to do in the future including that ugly word advertising But.........
Thank you for your answer but if you could...
Please tell me why the company hasnt done damage control? To the recent articles- why no statement?
On Oct 07 10:43 AM dead elvis wrote:
> Sir Doom-
>
> Why do you think that the company has not issued statements to do
> damage control, and allowed a free for all with the media.?
>
> Now, they are smart ,they arent marters, somewhat defiant, but it
> is our company- not theirs
>
> Whats your honest take without all the obvious rhetoric.?
Mr. Stupid
On Oct 07 08:14 AM jmsithy wrote:
> chasing rainbows and pots of gold love it (Kermit the frog said someday
> he will find the rainbow connection maybe Sirius will as well just
> dont eat up your life waiting for that 1.00
Blogging is fun. I have this time as a retired old fart. Blogging is a healthy way to trade information and opinions. The more speculative the stock the more blogging you get. If you have a cristal ball tht can tell the future, please blog the future.
Dead Elvis
Wish I knew why SIRI hardly ever defends against media. Mel was bashed for some comments after the merger. Many have requested SIRI track and complain to the SEC about short selling. Other things have happened. Yet, they just seem to take it.
On Oct 07 11:06 AM Neal Barkett wrote:
> Relmor, I am concerned about the brass selling off some of their
> Siri stock. Doesn't this bother you? You know I'm Pro -Sirius Xm
> but am puzzled.
The word on the street is that those chairs on the board that are going to be open will more than likely go to liberty media executives. Better decisions will be made, and more profitability.
On Oct 07 10:02 AM SIRI-Doom wrote:
> Executives selling shares is very bad news
>
> Who are the top 5 executives in SIRI? Does the top mean the very
> top? Does the CEO start at the top? Is Mel the CEO? Is Mel one of
> the top executives?
>
> sugar coating fairytales about this bad news
>
> Real-Time: 0.5301
> Real-Time: 0.5301
On Oct 07 01:35 PM Neal Barkett wrote:
> How do you stop somebody from buying something they can recieve over
> the internet. If I'm in Australia or France etc. and am aware that
> I can get Sirius Xm over the internet why couldn't I be a sub?<br/>
O.K. In the 1st QTR there were good reasons to sell. It does not explain the contrary. Why they did not buy in February knowing very well in at that time that the company was rescued. If you remember, the share price as low as 0.052 (you can see the exact date at nasdaq.com, basic charts). The point I tried to defend is why they did not buy, and not to try to explain why they sold in the 1st QTR. These are two different things.
On Oct 07 09:54 AM jmsithy wrote:
> the executives have been selling since the 1st QTR and it is the
> same people
On Oct 07 04:14 PM between the hedges_ wrote:
> Alcoa crushes estimates and reports surprise profit. Short this 3q
> at your own peril!!! No one will be able to say that I didn't warn
> you. Cash about to pour pour in from sidelines.
The group of execs - including CFO David Frear, President and chief content officer Scott Greenstein, General Counsel Patrick Donnelly, Chief Administration Officer Dara Altman and James Meyer, president, operations and sales - together received almost 10 million restricted shares on May 19, with the stock vesting gradually over about 40 weeks. A Sirius spokesman told the WSJ that the shares were granted as short-term incentive pay.
The full manipulation resorces will be needed for other stocks. The Goldman Sachs flash computers and our TARP money will be needed to keep bank stocks up and prop the DOW.
...and you thought flash trading was bad...
Hay, I am only half way kidding...
I think this is the last chance for underperforming money managers to get any potential correction to catch up, says Joe Terranova. And if they don’t get it (post AA's beat, looks likely) I think we’ll really see a chase begin in November.
Guys that are sweating on the sidelines because they’ve missed gains could stampede back into this market. Now we’ve seen three quarters of sequential growth, muses Tim Seymour. I think money managers will use that trend as they model. And there are now 9 months of higher commodity prices, too.
Siri has done well during the last two period of start to end of earning season.
On Oct 07 04:27 PM User 404033 wrote:
>
> O.K. In the 1st QTR there were good reasons to sell. It does not
> explain the contrary. Why they did not buy in February knowing very
> well in at that time that the company was rescued. If you remember,
> the share price as low as 0.052 (you can see the exact date at nasdaq.com,
> basic charts). The point I tried to defend is why they did not buy,
> and not to try to explain why they sold in the 1st QTR. These are
> two different things.
>
> On Oct 07 09:54 AM jmsithy wrote:
On Oct 07 02:37 PM Mr. Stupid wrote:
> You're absolutely wrong Jmsithy, after the reverse split Siri will
> be way above $1. LOL
>
> Mr. Stupid
On Oct 07 11:54 AM pirranna wrote:
> Just Bought another 10K worth , CHEAP ! I just want to Thank all
> The Paid Bashers's , Long Siri !!
If so, turn in his handle and they can track his IP.
On Oct 07 07:14 AM siriusaldo wrote:
> this guy doom and gloom is paid basher
On Oct 07 12:33 PM between the hedges_ wrote:
> Extra 3 bucks a month for royalty fees = 54 mill a month, or 648
> mill a year with just 18 mill subs. 648 mill year goes long way
> at knocking down debt. Don't forget credit mrkts unfrozen and debt
> can merely be refinanced in 2013. 2013 will be vastly different
> than now anyway. Economy will be sizzling. Cover cover cover!!
> Cover cover cover!! Buy buy buy. Buy buy buy. Fulcrom point.
> Get covered now. You will soon never see these .54 lows again!!!
Do they put up satellites to do this? Do they just use the Internet, mobile devices (like phones), and repeaters? Either way, where does the money come from to do either? Aren't they just now trying to work their way out from under a debt burden that nearly crushed them?
How do they pay to expand in to anywhere? I don't understand this argument/thesis/idea at this point in time.
And, if they could pay for it, wouldn't they have to get regulatory approval from each country that they are operating in? Didn't they have to get approval from the FCC and must keep doing so?
And if they got approval, who is going to pay for the service? How many countries in the world have the GDP, income, etc., and a broad enough population base to make it worth doing?
Explain to me a business model that works and where, then explain to me how SIRI can afford to execute on the model?
On Oct 07 12:59 PM between the hedges_ wrote:
> I did not say China, but Apple is there and there is an app for Apple.
> Sirius pays royalties and charges customers. No copyright problems
> with extending into China, therefore. I said international. There
> are other places than China. What about S. America. Sirius is extending
> its fingers into the territories of the US. Puerto Rico. Is S.
> America next? Is Europe next?
I think it is called: "Be careful what you wish for."
It is up to some lawyer to investigate this for a class action suit and his 40%. That is how our free-market economy works.
If the SEC can't catch the Bernie Madoffs and Alan Stanfords on their own, how are they going to catch somebody manipulating the shares of SIRI?
To bad the Elliot Spitzers can't either be single or faithful...
On Oct 07 02:54 PM SIRI-Doom wrote:
> Dead Elvis
> Wish I knew why SIRI hardly ever defends against media. Mel was bashed
> for some comments after the merger. Many have requested SIRI track
> and complain to the SEC about short selling. Other things have happened.
> Yet, they just seem to take it.
On Oct 07 03:49 PM petra wrote:
> Neal, right now I enjoy Sirius in Germany and so does my brother
> in law and probably many more.
Contact mediatechanalyst@gmail...
Company Contact
DetailsEmail Address:mediatechanaly...
On Oct 07 07:53 PM MJE_PDX wrote:
> Do you pay for it?
On Oct 07 03:49 PM petra wrote:
> Neal, right now I enjoy Sirius in Germany and so does my brother
> in law and probably many more.
If you doubt the FACT that God exists, who are you to speculate on how He feels on a matter? Why are you, as an apparent unbeliever, "hopeful" that GOD has more important things to worry about, incorrectly assuming that GOD actually worries at all? You simply have a lot to learn about the character and nature of GOD. Whether you believe He exists or not is beside the point. If I were you (and I'm glad I'm not) I'd do yourself justice and try sticking to discussing your viewpoint on topics that you actually understand.
On Oct 07 08:42 AM Jerrold Williams wrote:
> lol....Hopefully GOD has more important things to worry about than
> SIRI-DOOM bashing SIRIUS XM stocks.....lol....I can imagine it now....SIRI-DOOM
> in front of GOD ...explaining why he bashed SIRIUS stock.......Then
> a mass murderer explaining his crimes.....Then a child rapist explaining
> his crimes before GOD.....lol...Can we get a grip on reality? Its
> not that SERIOIUS!!!
> hmmm..I dont think GOD really cares about the stock price of SIRI...or
> about people gaining or losing on the stock...Assuming there is a
> god of course.,,,,,.thats another story.....
>
> On Oct 07 08:15 AM relmar2003 wrote:
Unfortunately it's also a question whether the labels really pass much of it to artists. Costs money to handle the paperwork and all you know.
SIRI down below .40 sounds right now.
On Oct 07 07:22 PM MJE_PDX wrote:
> Don't they have to pass those royalties on to artists?
I live on both sides of the pond, right now I am in Germany but in a few weeks I am back in the US. I am a subscriber and shareholder and added the internet-service when it became available. This gives me the opportunity to listen to Sirius even overseas and I like that a lot. My brother in law is an American but lives in Germany for over 20 years now. He signed up for the Internet too and enjoys his country music. My 2 nephews are in the service and they signed up just last month, not so much because of the music but I guess because of the sports infos and maybe news.
I hope that answers your question.
On Oct 08 01:07 AM Neal Barkett wrote:
> Petra, You live in Germany and are able to recieve Sirius Xm over
> the internet? So did you and your brother in law sign up while living
> in Germany? (sounds like a stupid question but Sirius Doom is stating
> that only people in the US, Canada & Mexico can buy a subscription
> via the internet). Can you expand on the details of your service
> you recieve from Sirius Xm? Thanks, Neal
>
> On Oct 07 03:49 PM petra wrote:
Blogging is fun. I have this time as a retired old fart. Blogging is a healthy way to trade information and opinions. The more speculative the stock the more blogging you get. If you have a cristal ball tht can tell the future, please blog the future.
Siriusly doomed.....my crystal ball tells me that while I respect your passion and right to blog, a good thing to keep the mind active if retired, it is still the issue of the market and what it will do with a particular stock that encourages these conversations. No problem with that, and as well versed as some bloggers here seem to be, it is still pure luck on what direction a stock will take, despite all the premonitions and quesstimates. No one knows what is really going on behind closed boardroom doors, some are out for themselves, some are in it for the actual greater good of investing....these guys are where they are because they know how to sell, decieve, and confuse us little guys...we are but mere pawns in the game of investment.
Insiders don't sell at these prices, even to take profit, unless they don't have confidence in the company.
Siri is going to break the news of the RS and the insiders know this. That's why they are selling.
If it was just one insider selling then I would give it the benefit of the doubt but when you have a slew of insiders selling at the same time then somethings up.
Mr. Stupid
The Howard Stern deal may go down as the dumbest move ever made by a public company. Not far behind is the addition of Rosie and the accompanying publicity. Fine if they want to add her but don