Sirius XM Should See a Return to Subscriber Growth - Barrington Research 74 comments
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By Brandon Matthews
In an exclusive Satwaves Radio interview, Senior Investment Analyst Jim Goss of Barrington Research Associates offered listeners his perspective of Sirius XM Radio (SIRI) and its growth potential.
Mr. Goss suggested that he is most interested in subscriber numbers coming out of the call Thursday morning. He indicated that Sirius XM should begin to see a return to subscriber growth, predicting that subscriber numbers would return to levels seen at the beginning of 2009 by the the end of 2010. This would indicate an increase of approximately 600,000 subscribers during this time period.
Another important indicator that he will be looking for is confirmation of continued synergies, resulting from the merger to improve operating cash flows. Mr. Goss remains bullish on the fact that company was able to add $500 million in cash flow during a one year period, pointing to the fact that this does not normally occur even with much healthier companies, and referred to the current environment as “very exciting.”
Mr. Goss discussed the fact that the automotive market remains the company’s main driver of new subscribers. He indicated that Sirius XM is penetrating into more models of new cars, suggesting an increase from 52% of new car models to 58% for the current model year. He also sees the new Certified Pre-owned Programs as having a significant positive effect.
Mr. Goss believes that the company would rather see its stock price recover on its own, rather than institute a reverse split, suggesting that the company is in no hurry to institute a reverse split at this time.
The entire interview can be heard on Satwaves Radio on BlogTalkRadio.
Position: Long SIRI
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This article has 74 comments:
This is a very strong indication of the positive outlook that prevails within the company regarding the potential for solid growth into the future. As readers of this site know from all my previous comments on this subject, I am a firm believer that the best course of action is to have the company continue to grow its way to strength over the intermediate term before even considering a reverse split. There are many exciting and highly positive developments that have only recently come on stream (developments within the wireless/internet arena along with expanding demand within the auto sector) and it would be premature to make decisions about the proper ratio and restructuring of share price before these important new influences have been given some time to demonstrate revenue growth and impact. It's all about the superb combination of unique and proprietary CONTENT found only on Sirius XM and the innovative delivery apps and seamless quality of audio found only through the technology of satellite/wireless/int... delivery.
SIRI is now trading from dominant technical strength and projecting potential to rise above the 1.00 level on a sustained basis well before any need for a reverse split to avoid delisting on Nasdaq. (At least through mid March, and more likely then another six months beyond that date).
I believe a reverse split might make sense sometime in the future - but only when this can be done from an aura of strength and not only as an action taken to result in a share price above 1.00. There are several valid reasons to possibly reduce the number of shares outstanding sometime in the future but there is certainly no need to do this prematurely - while the share price is rising on its own and showing great potential to continue to do so over the intermediate to longer term.
Are you F'in serious? The whole WORLD has been against Sirius for years now, and you're bashing Brandon for not being down about Sirius enough? Lol. Gimme a break. There are many pro Sirius people who think Brandon is kinda harsh on Sirius.
And for your information, if you bothered to LISTEN to the radio show, the guy from Barrington was not over the moon in love with Sirius.
If you want to hear negative views of Sirius, go to the yahoo bulletin board or read ANY mainstream media coverage of Sirius.
LOL. You sir are obviously a paid short or bitter shareholder who sold too soon for a loss. Either way your post is a joke. :-)
Good God man. If you want
On Nov 05 06:37 AM Jerrold Williams wrote:
> LOL....great article, everything you said good about SIRI is great......I
> want some +, or thumbs up today.....
> Does this Brandon guy pre-screen his guest to make sure they say
> only positive things about SIRI? Every interviewed person says only
> great things....Everything is positive, SKYDOCK is selling like crazy,
> More subs this quarter, SIRI is the best thing since slice bread!!!
> I am long SIRI, but if someone is going to interview only people
> that are bullish on SIRI, the interviews and information from them
> are useless. I think Brandon works hard to find people to interview
> that have any sort of title to say good things about the company.
> I'ts getting to be a bore...Can we get an opposing view for once?
> Is this guy capable of balanced journalism? NOT! I understand he
> is Long SIRI, but if you are going to be writing articles, it is
> only right that you have some balance or else just be a blogger like
> others here. Next week, the manager from Radio Shack that sold
> a SKYDOCK, he will say the device is great and many people come in
> and look at the display.
> I hate to say it, but thank god for Motley Fool and the street, I
> don't usually agree with them, but at least it is an opposing view
> to let me know the negative press as well as positive. There is
> a reason this is still a penny stock. Everything is not perfect!!!
>
> Ok, disreguard all the truth I just said above, give me a thumbs
> up for all the lies that follow....Great article Brandon, you are
> right as usual when you say everything is great! good job, Excellent
> article, You are the fountain of information on SIRI...
Choke on your supposed "corporate knowledge". Oh, same for SIRI DOOM and all of his many "aka's".
Lets talk more about the SkyDock.
Jerrold you are correct. but start ignoring. There are motives here.
My only disappointment is in at time where most good companies are blowing the estimates out of the water because so called experts are afraid to put their job on the line and make valid predictions, this is what we got from SiriusXM.
Fellas I am a Longer, but hope now that Big Daddy Malone and Dish start to put feelers out there.
The R/S will happen prior to 4Q numbers because with 3.9 Billion shares outstanding and the ability for Investment Firms to make a buck daily this stock will never be able to reflect its true potential.
I believe this is a great company but they simply do not have the cash to take themselves to the next level. This is a text book M & A to allign with a deep pocket.
Sorry but that is the truth.
We will all make money in the long run.
On Nov 05 08:14 AM Pell wrote:
> Good morning fellas. So - $.04 to adjusted even is great news. I
> really do like those numbers.
>
> Lets talk more about the SkyDock.
>
> Jerrold you are correct. but start ignoring. There are motives here.
>
>
> My only disappointment is in at time where most good companies are
> blowing the estimates out of the water because so called experts
> are afraid to put their job on the line and make valid predictions,
> this is what we got from SiriusXM.
>
> Fellas I am a Longer, but hope now that Big Daddy Malone and Dish
> start to put feelers out there.
>
> The R/S will happen prior to 4Q numbers because with 3.9 Billion
> shares outstanding and the ability for Investment Firms to make a
> buck daily this stock will never be able to reflect its true potential.
>
>
> I believe this is a great company but they simply do not have the
> cash to take themselves to the next level. This is a text book M
> & A to allign with a deep pocket.
>
> Sorry but that is the truth.
>
> We will all make money in the long run.
The issue is keeping above $1 for 30 consecutive days to satify the delisting.
The R/S allows Mel K. to negotiate M&A without that over his head. And I too believe in Mel's intelligence.
On Nov 05 08:37 AM connorport wrote:
> Seeing is believing. Now! Watch and see and we will have further
> discussion when we top the dollar mark.
Oh well.
On Nov 05 08:54 AM Jerrold Williams wrote:
> LOL...I'm a paid short....ok...unless you love every article this
> guy writes....unless you say all postive about SIRI....You must be
> a "paid" short. How about I just state my opinion on issues. Sometimes
> positive on what SIRIUS XM does....Sometmes negative on what I see.
> Some here just have a "love fest" with SIRIUS XM and anything critical
> is "thumbs down". I have had XM for about 7years..love the service
> and I am long SIRIUS XM,, that doesnt mean that i think I should
> agree with everything some SIRIUS XM Hype writer says, like you do.
> You follow what this guy says like he is a leader of a cult...some
> guru...give me a break! Check my posts...i have defended SIRIUS XM
> many times...I have also criticized when there is false HYPE!!!
On Nov 05 09:15 AM R A F wrote:
> That aroma you smell in the air this morning is smoked bear! Should
> stay pungent over the foreseeable future!
But i only started to come in here to see what the regular trader thought like me.
Thats all just curious to soak up everyones info and hopefully put it yo good use. And yes to reinforce my thoughts that this was a good investment.
But debate is part of the intellectual stimulation.
I hope to learn something new everyday on this post, but it does become annoying when all you see positive and any negative thoughts are doomed before they are thought out.
On Nov 05 09:28 AM connorport wrote:
> REAL MERIT?!?!. I have been in the stock myself about a year before
> the merger in SIRI not XM. I started with 10k shares @ 3.77 and you
> know where that went. I also bought another 50k shares @ .11 and
> another 50k @ .06. I am a believer. I just don't remember any of
> you guys in any discussion during or even around that time. The discussions
> and information that was put out then by this what you call "pump
> it up" author has come to light way more often than not. You would
> notice if you followed and payed attention instead of bashing at
> every avenue. Nobody here doesn't want to listen to both sides. Trust
> me! What i don't want to hear is babble with no merit or proof. Show
> me that and i will listen, until then let me enjoy this ride. I deserve
> it!!!
It is falling into place.
On Nov 05 09:32 AM Jerrold Williams wrote:
> Finally!!! Advertising is coming for the SIRIUS XM brand. Now, I
> am sure Mel will focus on getting people to understand SIRIUS XM
> is all about great content! Not some silly miracle dock that people
> got carried away with. Wasn't long ago when certain people felt the
> SKYDOCK would sell because there was so much demand because how "cool"
> it was. Now, I can't wait to see some personalities connecting themselves
> with SIRIUS XM. Many people on this blog don't realize how little
> non-subscribers know about the product. SIRIUS XM must make it's
> brand name "cool" so people will want it, not just discover it when
> they buy a new car. Advertising combining with new inexpensive easy
> to install products like Onyx, Stratus 6, SKYDOCK will be great for
> future! They need to rely less and less on new and new car market
> to sell SIRIUS XM...
26 million shares traded. Stock Range .645 to .672. Can we all now see the internal fight this stock is having?
This stock should be rising, after all who would sell on such good news.
The R/S must happen to stop the high speed trading (Investment Firm Day Trading).
See what I mean
On Nov 05 09:34 AM JWticker wrote:
> I'm at work right now, can someone tell me how the interview on cnbc
> is going.
Again do we all agree now.
Shorts, I farewarned you and now you must pay the piper.
Longs, Hale mf luia.
Cramer, care for salt and pepper with your crow.
Love, BTH
On Nov 05 09:52 AM between the hedges_ wrote:
> Pell: Give up on the reverse split sh*t already. Conf call over.
> No r/s. Analyst upgrades on the way to send this to Tuna Amobi Town.
>
>
> Shorts, I farewarned you and now you must pay the piper.
>
> Longs, Hale mf luia.
>
> Cramer, care for salt and pepper with your crow.
>
> Love, BTH
www.youtube.com/watch?...
Siri is a remarkable company that has fought through the recession, and has established financial growth during one of the nations greatest hard ships. this stock should be exceeding a dollar any time now.
Do you understand finance. If all 35 million shares traded today were buys, which all of you would believe then why is the price still at .6542 off its high of .69?
C,mon give me your excuses!
I am the only true SiriLonger here!
On Nov 05 09:35 AM Pell wrote:
> You do deserve it everyone does.
>
> But i only started to come in here to see what the regular trader
> thought like me.
>
> Thats all just curious to soak up everyones info and hopefully put
> it yo good use. And yes to reinforce my thoughts that this was a
> good investment.
>
> But debate is part of the intellectual stimulation.
>
> I hope to learn something new everyday on this post, but it does
> become annoying when all you see positive and any negative thoughts
> are doomed before they are thought out.
On Nov 05 10:04 AM Pell wrote:
> Are you guys blind ?
>
>
> Do you understand finance. If all 35 million shares traded today
> were buys, which all of you would believe then why is the price still
> at .6542 off its high of .69?
>
>
> C,mon give me your excuses!
>
> I am the only true SiriLonger here!
Institutional money will not touch this right now due to its price. They simply do not look at these types of stocks.
Look at UIS after the split and how the stock has now leveled because there are less shares and more holders.
On Nov 05 10:15 AM connorport wrote:
> Profit takers and daytraders! I said to give it a couple of weeks
> and you will see heavier institutional buying and more investors
> holding. Noone is saying we will see a dollar today. VOLATILE MARKET!!
> HELLO!! RECESSION!?!? Give it a minute and then speculate. My call
> stands that once SIRI reaches a dollar it will stay there barring
> catastrophic news of course.
I just finished reading the report- I must say that was plum enjoyable. Good stuff all over. I'm amazed at some of the improvements this Qtr over 3rd Qtr 08- some of those numbers are just incredible when you figure in the economic lull and bottom in March- right dead in the middle of the numbers!
* Self pays- up 266,000 -up 35,400 from last Qtr.
* Content costs decreased 29%, or $38 million
* Subscriber acquisition costs decreased 17%, or $23 million, and decreased as a percentage of revenue to 17% from 22%.
And the best line in the whole document- "David Frear, Executive Vice President and Chief Financial Officer, "the company has dramatically improved its near-term liquidity and doesn't face any material debt maturities until 2011." ----In other words revenue for the next year- has a job to other than just pay off debt... sound like a hint to profit! Dolla dolla bill yall!!
Great stuff.
GREEN TRADES!
Minor profit taking along the way should surprise no one but - make no mistake - the trajectory for SIRI remains positive and further upside lays ahead.
On Nov 05 10:20 AM Pell wrote:
> Yes the daytrades are the ivestment firms using high speed trading
> to maximize return and minimize risk.
>
> Institutional money will not touch this right now due to its price.
> They simply do not look at these types of stocks.
>
> Look at UIS after the split and how the stock has now leveled because
> there are less shares and more holders.
On Nov 05 10:21 AM Pell wrote:
> 42 million shares and still near open price
Range .6362 to .69 Current .6487.
What don't you get! this stock is being manipulated by High Speed Trading (Investment Firm Daytraders) and it should be pisiing us all off!!!!!!!!!!
I am on your side but you don't want to understand that this is going to continue to happen until less shares are available.
I am on your side!!!! I said it again.
We will never see this stock real potential until theat happens.
Please go to the Nasdaq site; www.nasdaq.com/
Enter SIRI and look at Institutional Owners- there you find a list of about 270-310 Institutions that own SIRI as of Oct 31st.
They simply DO look at and own SIRI- Go look- Proven- drop that subject.
On the other subject- I am completely boggled at how to prove to you share price and shares outstanding- have little to no relation on daytrading the stock. The daily volume correlates to how much trading goes on. If the share price was $3,900 per share with only 1 million shares outstanding- someone would be buying and someone else selling at least 1 share everyday. I have traded BRK.B's at just 10 shares in a days time. The heaviest traded stocks on the market are MSFT, AAPL, GE, C,- from $200.00 - $4.00- it don't freakin matter--- a 2% gain is a 2% gain.
I realize you will not be convinced and will probably reply with a repetitive, rhetorical, or unrelated response. As expected as it is unnecessary.... You see- grasshopper- You must be willing to learn, before you can be taught...
On Nov 05 10:20 AM Pell wrote:
Yes the daytrades are the ivestment firms using high speed trading
to maximize return and minimize risk.
Institutional money will not touch this right now due to its price.
They simply do not look at these types of stocks.
Look at UIS after the split and how the stock has now leveled because> there are less shares and more holders.
On Nov 05 11:13 AM 1more4me wrote:
> Pell,
> Please go to the Nasdaq site; www.nasdaq.com/
> Enter SIRI and look at Institutional Owners- there you find a list
> of about 270-310 Institutions that own SIRI as of Oct 31st.
> They simply DO look at and own SIRI- Go look- Proven- drop that subject.
>
>
> On the other subject- I am completely boggled at how to prove to
> you share price and shares outstanding- have little to no relation
> on daytrading the stock. The daily volume correlates to how much
> trading goes on. If the share price was $3,900 per share with only
> 1 million shares outstanding- someone would be buying and someone
> else selling at least 1 share everyday. I have traded BRK.B's at
> just 10 shares in a days time. The heaviest traded stocks on the
> market are MSFT, AAPL, GE, C,- from $200.00 - $4.00- it don't freakin
> matter--- a 2% gain is a 2% gain.
>
> I realize you will not be convinced and will probably reply with
> a repetitive, rhetorical, or unrelated response. As expected as it
> is unnecessary.... You see- grasshopper- You must be willing to learn,
> before you can be taught...
>
> On Nov 05 10:20 AM Pell wrote:
> Yes the daytrades are the ivestment firms using high speed trading
>
> to maximize return and minimize risk.
> Institutional money will not touch this right now due to its price.
>
> They simply do not look at these types of stocks.
> Look at UIS after the split and how the stock has now leveled because>
> there are less shares and more holders.
Great news with this sort of manipulation still happening is mind blowing.
As a longer you should be angry.
How do we stop this!!!!!
On Nov 05 11:13 AM 1more4me wrote:
> Pell,
> Please go to the Nasdaq site; www.nasdaq.com/
> Enter SIRI and look at Institutional Owners- there you find a list
> of about 270-310 Institutions that own SIRI as of Oct 31st.
> They simply DO look at and own SIRI- Go look- Proven- drop that subject.
>
>
> On the other subject- I am completely boggled at how to prove to
> you share price and shares outstanding- have little to no relation
> on daytrading the stock. The daily volume correlates to how much
> trading goes on. If the share price was $3,900 per share with only
> 1 million shares outstanding- someone would be buying and someone
> else selling at least 1 share everyday. I have traded BRK.B's at
> just 10 shares in a days time. The heaviest traded stocks on the
> market are MSFT, AAPL, GE, C,- from $200.00 - $4.00- it don't freakin
> matter--- a 2% gain is a 2% gain.
>
> I realize you will not be convinced and will probably reply with
> a repetitive, rhetorical, or unrelated response. As expected as it
> is unnecessary.... You see- grasshopper- You must be willing to learn,
> before you can be taught...
>
> On Nov 05 10:20 AM Pell wrote:
> Yes the daytrades are the ivestment firms using high speed trading
>
> to maximize return and minimize risk.
> Institutional money will not touch this right now due to its price.
>
> They simply do not look at these types of stocks.
> Look at UIS after the split and how the stock has now leveled because>
> there are less shares and more holders.
On Nov 05 11:03 AM Pell wrote:
> All I have to say is 50 million shares traded.
> Range .6362 to .69 Current .6487.
>
> What don't you get! this stock is being manipulated by High Speed
> Trading (Investment Firm Daytraders) and it should be pisiing us
> all off!!!!!!!!!!
>
> I am on your side but you don't want to understand that this is going
> to continue to happen until less shares are available.
>
> I am on your side!!!! I said it again.
>
> We will never see this stock real potential until theat happens.
I just worry that making a dollar today by these investment firms outways future gains, since it is a computer doing the transaction without human intervention.
I hope you are right. But for now i hate them!!!!
On Nov 05 11:39 AM connorport wrote:
> There is legislation that is being pushed to reinstate the uptick
> rule as well as high speed electronic trading that you discuss. YES!
> It does piss me off but fundamental growth of the company will not
> stop anytime soon and the stock price will reflect. GS clobbers on
> the backs of every institution that has a dismal day. My point is
> that this company has been clobbered more than usual and has a higher
> climb to establish. We are only half way to a nesting point. These
> same institutions that flash trade will also turn into longs soon
> which will also help to boost the SP.
I am sooooooo pissed! This is a disgrace and the damn politiians are so tied up with other fires in WS that this manipulation cannot be addressed.
On Nov 05 12:09 PM Come on Guys Lets get Sirius! wrote:
> HEY Guys, Remlor, Cos, Connor, between the h,,, do you guys know
> why no run up pre 3q? And why its not trading up from where is was?
> This did not happen on the last few quarter results. Why is it like
> this now? Any Ideas? Thanks guys!
This company will be a steamroller in coming years, as no other alternative can come close to the superb CONTENT and seamless delivery Sirius XM satellite radio provides.
Current .6462
We need R/S people and this stock will take off with true longers.
Or we need legislation.
Either way something needs to be done or we will never see the real potential of this stock.
Too many shares outstanding for shananigans (Don't know how to spell that).
RAF I would think this would infuriate you of all people. With this amount of volume today it should be mostly buys. If the high speeders (Investment Firms) can continue with this type of spread it will never end.
In the meantime - if you are really a "SIRI longer and voice of reason" - as you have told us all multiple times in recent weeks - pipe down and enjoy the upside ride. A reverse-split ain't in the cards any time soon.
On Nov 05 02:48 PM Pell wrote:
> 75 million shares traded stock range .6222 to .69
>
> Current .6462
>
> We need R/S people and this stock will take off with true longers.
>
>
> Or we need legislation.
>
> Either way something needs to be done or we will never see the real
> potential of this stock.
>
> Too many shares outstanding for shananigans (Don't know how to spell
> that).
>
> RAF I would think this would infuriate you of all people. With this
> amount of volume today it should be mostly buys. If the high speeders
> (Investment Firms) can continue with this type of spread it will
> never end.
Give me a little credit.
I love this stock and know it will make all of us money. I agree to an extent to many of your beliefs as much as many think I do not.
I want all of us to pay off our mortgage on this stock.
But we as a group are focussing in the wrong area. We need a leader to help us point at this manipulation by high speed traders to someone who will hear. We need someone on this site to organize.
Because without that the R/S is the only recourse and again that will not be bad either.
In the long run we will make money off this stock, but it makes me soooo angry to see what happened to this stock which should have increased by much more considering the news. Not a $1 today but I felt $ .75 would be realistic.
Can we all agree now that 3.9 billion shares of this company is hurting stock price growth?
When it comes to stock that has saturated the market with available stock which lowers its value and creates for all purposes a penny stock, high speed trading manipulates it to maximize return with minimal risk.
You are right that these are pre programmed orders to hit certain marks during the course of a day and when there are billions of shares available it will continue to happen.
Reducing the amount of shares will put a stock to this because less shares will be available to manipulate as they will be purchased by real investors. If a R/S happens you will see an intial drop then back to split price follwed by gradual increase.
I'm sorry but we need to push for the R/S before it hurts the way Mel does business. Trust me after the R/S the negative articles will stock because there will be nothing to talk about.
In the meantime, if you don't have some fundamental reason to post about the fundamentals of the company, please stop posting and quit making us scan through your BS to get to a good post.
Pick a range- set it and forget it.
With all the anger and hate in your post today- this day traders stock may not be your best choice... Maybe a nice transport index would be good for you...they are slow and steady like a nice glass of iced tea in the back porch rockin chair...
Green trades. PEACE
CNBC was a bit hard on Mel after the commercial re competition. He did well with the televised interview Poor guy though needs some better fitting chompers.
On Nov 05 04:16 PM between the hedges_ wrote:
> Pell: You are going to drive yourself nuts looking at this stock
> or other ones all day long. Pick an entry point, buy it, pick a
> target price to sell and sell it. I am long right now to $1.75.
> I will buy more if stock goes down to .50s and load the boat if if
> goes into the .40s (very unlikely).
>
> In the meantime, if you don't have some fundamental reason to post
> about the fundamentals of the company, please stop posting and quit
> making us scan through your BS to get to a good post.
On Nov 05 08:54 AM Pell wrote:
> I am sorry for saying this if you already know connorport, but topping
> a $1 is not the issue.
>
> The issue is keeping above $1 for 30 consecutive days to satify the
> delisting.
>
> The R/S allows Mel K. to negotiate M&A without that over his
> head. And I too believe in Mel's intelligence.
I believe this technology is strong and has a great future in the new mobile economy. There are two things I've always been concerned about which I don't think Sirius is effectively addressing yet. First, how to coexist with terrestrial radio... I.e.. Do you think that they would offer channels via sat to local programming as sat TV has done (that was the big disadvantage when dish TV came out if you recall, but then they offered it and it seemed to be a turning point and made them more competitive with cable.).
Second, how is Sirius going to address indoor coverage? I've been a subscriber for years and the service is great on the road, but pull into my garage and ...bzzzit! Its gone. Even an overpass cuts service temporarily. With the launch of another satellite recently I was hoping this might improve but none seen. What do ya'll think Sirius will/should do on these two issues to support its future applications?
I must give it to Mel for his acquisition of XM and moving into the Apple community. Brilliant moves! I agree that SIRI will move above the $1 threshold before Q4 results. If the market is truly a predictor of performance 6 months ahead, its a no-brainer. No R/S needed! Let the stock heal itself then R/S well down the road.
Long Sirius
Really, go back to your Wii.
On Nov 05 03:41 PM Pell wrote:
> 80 million shares .6341 current
I don't think anyone here has a problem with dissenting opinions, but your constant re-hashing, repeated rants, etc. are tiresome and only show you to be a very small man. Take your rants elsewhere, until you have the intelligence to post something new (and dare I say, maybe even something intelligent).
You're as bothersome as a certain other multi-personality poster... I mean troll.
On Nov 05 06:49 PM Scooterpod wrote:
> Pell, you are as irritating as SiriDoo-Doo and his aka's.
>
> Really, go back to your Wii.
On Nov 05 09:15 AM R A F wrote:
> That aroma you smell in the air this morning is smoked bear! Should
> stay pungent over the foreseeable future!
Scooterpod you have computer muscles I see. You got the wrong guy .
I will continue to read and not post.
I am truly long but somehow got caught up in the fact that noone here understands the problem of 3.9 billions shares outstanding with this company.
However some do understand that SiriXM is prime canidate for M&A within the media sector. And when the talks start which will be tomorrow, Mel has to be able to negotiate (FOR US) with strength and no loose strings hanging. He knows this company cannot expand to where he wants it to go without capital and so far he likes Liberty and Malone. But they are both business men at heart so clean up your house before the bidding begins.
Thats it I'm done for now and I do thank many of you for your insight. Sorry for relishng in my prediction glory. With 82 million shares traded in a day and no real gain it affected me.
Somebody mentioned others investing in stocks with better track records. I agree and that what I want to see from Sirius.
Last request, see how many companies have 3.9 billion shares outstanding and how they perform. I will do the same while I keep quiet.
Thanks all again and I will be reading to help my own decision.
True SiriusXM Longer