The Importance of Positive EBITDA to Sirius XM Shareholders 66 comments
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By Brandon Matthews
For most of the past year, investors in Sirius XM Radio (SIRI) have been forced to become a bit more sophisticated. Until recently, Sirius XM was truly a speculative stock play. Battle lines were drawn between people who bought shares of the company out of a belief in the product and self proclaimed experts with no belief in the company’s long term viability. Satellite Radio has existed for years with its believers having one goal in mind: The goal that cash flow break-even would occur and growth would ensue. That goal was to be attained when the subscriber rolls surpassed 1 million. Then 2 million. Then 5 million. Always being pushed farther and farther away as round after round of equity dilution came and went. Many had given up.
Last week that goal was realized, as Sirius XM posted break-even earnings on a per share basis. It also reported positive free cash flow and a third consecutive quarter of operating profit. Suddenly, Sirius XM investors are becoming part-time accountants, as they familiarize themselves with terms that until now were never mentioned in Satellite Radio conversations. Another such term is EBITDA, which has been the mantra of Sirius XM’s CEO Mel Karmazin all year. It is likely to remain a headline issue now that the company has issued guidance of 20% EBITDA growth in 2010.
I’m not going to bore you with the details of calculating EBITDA. The reason it is important to Sirius XM investors is what those earnings will be used for. With liquidity issues put to rest, the company can now focus not on debt refinancing but on debt repayment and retirement. The credit crunch of 2009 exposed many corporations to the reality of carrying burdensome debt loads. Until now, Sirius XM Radio’s debt issues have only been refinanced, always replaced by other debt instruments.
This is about to change as Sirius XM Radio repays 82 M in December 1 2009 obligations with cash on hand. As debt is repaid, equity values will increase even if only the status quo is maintained. With no debt due in 2010, and only nominal debt due up until the year 2013 following, the company has many years ahead of it in which to retire much of its debt and by inverse relationship, raise its equity price. This is the benefit of positive EBITDA to the company.
Am I speculating? Mel Karmazin is known as a deal maker and he has recently made two comments that are telling as to his intent. The NY Post quotes Mr. Karmazin while referring to a potential deal with DISH Network as stating: “Charlie and I have had our battles, but I’d do a deal with him today if he offered the right price for the company.” Twice in the last month Mr. Karmazin has stated that he will do what is in the best interest of his shareholders. Offers and deals are made based on EBITDA projections and enterprise value which is calculated by adding the debt and equity of a company and subtracting non-operating cash.
In considering the track record of Mr. Karmazin, the next logical step towards the next deal is to increase the share price through debt reduction.
For the foreseeable future, Sirius XM Radio should be able to grow its subscriber base, increase revenue and continue to lower costs, all of which may lead to a higher future enterprise value. The winners of this will be the shareholders.
Position: Long SIRI
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This article has 66 comments:
I was getting a thumbs down for that comment. A sale to Liberty or Dish is a good thing for shareholders and the company. As partnering with liquid companies allows them to be taken to the next level of Brand Development.
By the way he is only mentioning Dish to light a fire under Liberty and Malone's butt. Liberty is currently making efforts to simplify their corporate structure hoping (speculative) to allow M&A to be more organized.
SiriLong
Long term catalyst: shorts fear of a bidding war for Sirius between Ergen of DISH and Malone of DIRECT TV. Dear Ergen and Malone, you better bid now before the stock price starts to go up due to the recently excellent quarter.
Again I was given thumbs down for that.
On Nov 10 09:49 AM between the hedges_ wrote:
> Two near term catalysts: 1. interview with Tuna Amobi set for tommorrow
> and 2. ad campaign about to be unleashed.
>
> Long term catalyst: shorts fear of a bidding war for Sirius between
> Ergen of DISH and Malone of DIRECT TV. Dear Ergen and Malone, you
> better bid now before the stock price starts to go up due to the
> recently excellent quarter.
In any case if this stock is to move forward and up everyone has to get past the victim stage. Merger talk could be very healthy for the share price.
"Despite the "bashing" and ongoing manipulation by institutional high speed computer trading - there is no holding back the truth - and the truth is that Sirius XM radio is infinitely better than terrestrial radio and will be the clear choice of listeners in years to come"
SiriLong
Or drinking himself into a stuper because he didn't take a chance to buy when the stock dipped to $ .51
On Nov 10 10:32 AM Spiderman4 wrote:
> Where is SIRI-DOOM..???
SIRIDoom and CRAMER are getting MARRIED!!!
They are SIRI IN LOVE!!!!
OHW ISINT'T THAT SPECIAL!!!
He should however be eating crow and making positive statements on any statement on SIRIXM now.
On Nov 10 10:12 AM CGP wrote:
> Where has Cramer been bashing SIRI? - theStreet.com? If so I haven't
> seen anything in passing recently. I vaguely recall him going negative
> on the stock when it hit its' lows but I more clearly remember him
> several times bashing the SEC (I think) for holding up merger approval.
>
>
> In any case if this stock is to move forward and up everyone has
> to get past the victim stage. Merger talk could be very healthy for
> the share price.
> Where is SIRI-DOOM..???
He is busy plagiarizing theStreet.com over on Motley Fool.
This means investors are betting on if the ....etc. happens. In addition there is now a growing new world of technology that is competing for a subscriber customer base. This also means there is speculation about where the consumer will spend his dollars. Even if the sat rad product is great, above all in this field, it is dependent on what grabs the consumer's imagination for must have tech toys. Potentials are one element of investing but the solid investor looks for a good foundation, ie. business model,financial structure, debt load, operating budget analysis, competence of
management, and product/content viability in it's field. There are some weakness in these areas for SIRI. Therefore, as an investment it has to be looked at a high end risk based on a realised potential of conversion, which may or may not happen.
Also, with the talk of a possible sale, SIRI now enters into the realm of what leveraging is all about. The reason being it may not be about the technology because obviously another satelite company can do what sat rad does, but about the value of the talent content and it's contracts. In this regard, another satelite company may be buying content to get access to the subsriber base, acquire the satelite hardware and not actually care about radio itself and eventually suck out the good stuff and jetison much at the expense of the rest of the company. This is how leveraging works. Which I have spoken of many times.
"There aren't any ETFs that will give you serious exposure to Sirius XM Radio(SIRI Quote), which is great, since you don't want this stock sitting in your portfolio. "
WOW! It made me think that i should feel bad for owning the stock!! Most of my portfolio is SIRIUSXM....I have made about 80% in the last 5 months and this guy says, you don't want to own this stock? That is absurd...Totally irresponsible journalism...More absurd comments read today:
"when all those clunker-program free subscriptions expire, car owners won't want to tack on one more annual bill" Isnt the conversion rate close to 50%, even in the recession? How was this conclusing made?
Another absurd line from today:
"The people I know who have satellite radio in their cars have new cars and are still enjoying the first free year. In talking with people, I find that the renewable rate is incredibly low. Even those who liked some of the various programs did not believe the renewal rate was worth the service".......lol...I wonder how big his survey of the people he talked to was....he could've called me....I have a 1995 Buick with satelite radio....far from a new car......SIRIUS XM gives a "free year" of service....what models get a free year? lol...evryone he talks to with new cars and SIRIUS XM....can't afford about $12.00 a month....they must've bought a car out of their budget...Ok...if you want to find out the renewal rate for a service...don't read the facts from the company itself....just talk to a few friends.....that a great guage....
Dayworker...the following quote you will love: you are obviously one of their employees, spreading negativity...your views almost word for word: come out the closet...Here it is below....Dayworkers boss...
"I also see significant competition for the company going forward. Most of the younger people I know have iPod docks in their vehicles for listening to music. Smartphones are bringing music and podcasts to mobile consumers. E-reading machines have wireless connections that can eventually deliver content on a subscription or pay-per-use basis."
lol....Dayworker, you are a clown..either you just copy and paste from these writers, or you are part of their team to try to keep the stock price down...So one article says no one wants to pay for subscription based services so SIRIUS XM is dead....Then another article says....everything will become subscription based, even printed books..so SIRIUS XM is dead because of competition......LOL..... XM is attacked from all angles by the street.com!!! totally contradicting. Some of their lies were outright embarrasing.
They write nonsense so people read.
I suggest stop giving them your "hits" so they do not benefit from writing articles that are not factual.
On Nov 10 11:55 AM R A F wrote:
> Wow - Seven articles in a row by the Street.com - all bashing
> Sirius XM this morning. Cramer must be panicking about the much
> improved prospects for this company's growth into the future and
> the hurt he has already put on anyone who has followed his advice.
> As the shorts have been smoked on Cramer's 180 degree wrong calls
> all the way up from the lows in SIRI's recovery - and his clients
> have missed out on one of the best performers of 2009 - I guess
> he is really feeling the heat.
We have already sent out dozens of letters to Etrade, TD Bank, UPS, Merrill Lynch, Scottrade.
Feel free to let these companies know that you will not do business with them if they continue to sponsor thestreet.com
I do my own research and write my views from my own thinking and analysis. I wouldn't consider copying from others or be working for them. It's not my profile. I'm very successful in the arts. By the way I have a lot of SIRI stock and a very substantial investment. I would love for the stock price to go high. My point has been that SIRI management has failed and they are not on top of content, running the co. and being prepared for the new wave of technology. Thus my criticism is to push for changes at SIRI not have the p/s go down.
But you bring up an interesting point how other analysts
that you quote me as copying are focusing on some of the same issues. The reason being because that is what is happening in the market place. I;ve been trying to tell you and others that is how media entertainment is moving to distribution. I understand you get angry when you hear it and think we are bashing SIRI , buy in fact it is only to point out the trend which may effect SIRI. Thus my point is to get SIRI to make adjustments soon or it's lost. And I would lose my investment. It seems hard for you to accept that there are changes going on now and SIRI might be left behind. I know you want to believe that SIRI will be strong and the best way to get audo entertainment media, but unfortunately the way tech changes that may not be the case. And if your portfolio is heavy SIRI it's understandable
that you want to fight accepting the change that is going on now and don't want to see it and will continue to bash everyone who brings it up. Fortunately for me I'm very affluent and even though what I may lose is a lot of money with SIRI it won't effect my total wealth other than a small drop in the bucket. But I am sorry that you may lose a bundle or most of your portfolio. That's why I'm pushing for SIRI to catch wind of what's changing and do something about content now. In my view both are a problem.
As far as new auto free trials, i'm sure buyers will take it for free, but would they have bought it otherwise instead of iphones or duplicate iphones they already have. I don't think so. That's a problem. And how many will go on to pay
is speculation. How many investors buy on speculation. Another problem.
If you go to iphone website for apps you will see all the choices. You aked me which ones and I said the list was to long. But you can see for yourself all the options. Search around. There are FREE and PAID.
Then go to SIRI website for programs and just on that comparison the iphone app website practically blows SIRI away. That's the problem. SIRI has to do something before next summer. I'm not copying this from anyone, just my own thoughts.
Look at the history. Old records to 45's to albums. Then 8 track,then cassettes. Then from cassettes to cd's and now to ipods, itunes and iphones. Same with film. Beta to vhs to dvd and now downloads and streaming and smartphones.
There is a big shift from cd's to itunes. Also blockbuster is now going digital. Also dvd's are taking a big hit and sales are off. Sure some of it is the economy, but a lot is the tech change, and so sat rad may be one of the next casualties.
It's the course of tech history changes.
When I buy a new auto the first I think about is does it have a ipod/iphone dock.
"RESTON, Va., Nov 10, 2009 (BUSINESS WIRE) -- International Launch Services (ILS), a world leader in providing mission and launch services to the commercial satellite industry, and SIRIUS XM Radio (SIRI, Trade ), America's satellite radio company, today announced a contract for the launch of the XM-5 satellite on an ILS Proton. The satellite is scheduled for launch in 2010. This is the tenth firm award announced by ILS this year."
This is the fourth consecutive bi-weekly decline in short interest (beginning 8/31) and - far and away - the lowest level of short interest seen over the last year (most bi-weekly short interest figures were well above 150MM shares through most of this period). The latest figures are down 5,491,207 shares from the previous level of 82,187,092 as of 10/15.
This verifies that the "pros" continue to pay up to reduce short positions - and are doing so at losses that have built progressively - and substantially - since the lows of February-March '09.
Despite all the negative hype from Street.com and their lookalikes - the actual buy interest from institutions that have been fighting the recovery in SIRI is really all you need to know about their true underlying sentiment.
Pell, I never disagreed with you on a buy out by Liberty. They already own 40% for gods sake. I only disagree with you on reverse split. Please get that through your thick head.
By the way do a little research on how Liberty is consolidating their corporate structure (Recent news) in order to simplify ownership. Please give me your thoughts whether you believe this is strategic for future M&A.
And my thoughts on the R/S is to allow Mel to negotiate at full strength rather than have a delisting issue held over his head (Not that I believe it is a real concern). But it can be used as part of negotiation.
On Nov 10 04:16 PM between the hedges_ wrote:
> Cramer is now warming up to the bonds. Hmmm. He is giving in a little.
> One more positive quarter and he will admit that he is wrong and
> has missed you 1300% thus far and start pounding the buy button.
> If you look at the bullishness of the holiday travel starting to
> line up on the airliners, you can parlay that into a bullish holiday
> shopping season.
>
> Pell, I never disagreed with you on a buy out by Liberty. They already
> own 40% for gods sake. I only disagree with you on reverse split.
> Please get that through your thick head.
Tie up with either Liberty or Dish makes sense from technology perspectives. Stern could get a TV show. Oprah could get her own channel. Rumors of both are circulating like mad. I think Liberty should be given preferential treatment by getting us out of the woods.
To point out how affluent you are then say the retarded things you say is mind boggling. Let me get this straight, you are heavily invested in SIRIUS XM, yet you feel the technology is outdated, you feel management is out of touch. Then why own the stock!!!?you don't even have a SIRIUS XM radio yourself!!!You keep saying apple is great because of all their apps. Newsflash.....Go invest in Apple!!STOCK TICKER AAPL!!! I for the life of me can't figure people who say everything is wrong with the company, still want to continously write about it unless they are trying to short the stock. Admit that is your motivation! Go invest in their competition and get rich! How many more times you going to write about apps from Apple? For the last time...name me ONEapp that comes close, much yet blows away SIRIUS XM with these names and programs......Howard Stern, Oprah Winfrey, Martha Stewart, Opie and Anthony, Chris Russo, Bruce Springstein, Eminem, MLB, NFL, NBA,..I;ll stop there...name one free or paid app!!!Thereisnt one!!at best they have streaming computer jukebox!!!!SIRIUS XM does not compete with apple for number of apps!!!!they will only make 1 app...Apple will have thousands, that is their business!!!You expect SIRIUS XM to make an app for tic-tac-toe....Apple does..wtf?
One last point....Name one vehicle that comes with a built in ipod dock!!!!Before you buy a car you check to see if it has an ipod dock? If a car comes with one built in....what happens when you decide to get a different Ipod such as Nano, classic, touch, or maybe a blackberry or Android..etc,,..No car maker I know offers an ipod/iphone dock pre-installed that I know of. I think you meant an ipod jack!!!and that jack is just an aux input...SIRIUS XM can use the same input!!!.you are clueless....Oh...my fault....there is a Mitsubishi in Japan with an ipod Nano dock....guess you will have to buy that....oops..how many apps for Ipod nano?....If I am wrong about the ipod dock in the car, let me know the year, make and model....You said you look for it when you buy new cars...you must have already bought one with built in ipod/iphone dock.....At least when the guys at the street.com bash the stock, they don't make the ridiculous statement that they are heavily invested in it!!!
On Nov 10 04:16 PM between the hedges_ wrote:
> Cramer is now warming up to the bonds. Hmmm. He is giving in a little.
> One more positive quarter and he will admit that he is wrong and
> has missed you 1300% thus far and start pounding the buy button.
> If you look at the bullishness of the holiday travel starting to
> line up on the airliners, you can parlay that into a bullish holiday
> shopping season.
>
> Pell, I never disagreed with you on a buy out by Liberty. They already
> own 40% for gods sake. I only disagree with you on reverse split.
> Please get that through your thick head.
me to show this or that. I'm not doing the work for you. It's all there if you want to just go and look. Instead of spending your time trying to negate what I say why don't you just go out and connect with the world. If you are driving a 1995 vehicle then I'm sorry for you. You obviously are not buying luxury cars. I'm successful because I might know a thing or two. Let's just say I'm right more than i'm wrong. At least I am not as dumb as someone whose main portfolio is in SIRI stock. I made money in this last financial crisis.
Didn't lose a dime. Just think Apple was at $90 in Feb. Now at $180.
Money, money, money. SIRI went from $.05 to $.65. Whoopi. But I guess you missed out on the Apple run. Oh, that's to bad. You had all your eggs in SIRI. I guess you didn't have the funds to buy Apple at $90. You had some pennies to buy SIRI.
As I keep saying I want to impress that SIRI can make it if they change to meet the new times. But management doesn't get it. I want SIRI to succeed and the p/s to go up. The problem is they have to compete with the new world media. Management is to slow and old to adjust. Their walkers slow them down.
I'm not here to bash SIRI or drive the stock down. I want to light a fire under them to get something going that catches the consumers imagination. Even the name satelite radio sounds old fashion. They need to get off the geritol and stop taking afternoon naps and get a little foot work going. Jerrold, have a couple of beers,
take a good piss, look at your little pecker and keep dreaming of bigger times.
XM SkyDock Receives Design and Engineering Award From Consumer Electronics Association
... Awarded One of the Highest Scores in the In-Vehicle Audio Category and Recognized as 2010 Best of Innovations Honoree.
Television ads are key to growth and it is finally time for Sirius to show the world what a wonderful value proposition they offer. The tune is going to change once these ads begin appearing on TV across the country. For those who have championed the idea of more advertising...well, here we go! It is a great product with huge potential without any real advertising. Imagine what the results will be right as the holiday shopping season begins in earnest.
Even if the consumer spending is down, it will still provide Sirius with additional subs since they have not been this aggressive in the past during this time of the year. After all, there really has not been a need to grow the subs with additional ads in past years. Now we will see a huge national awareness begin to materialize right before our very eyes!
November 15th---circle it on your calendars! It is the beginning of a great push by this talented and patient management group. We will see everything Mel predicted in the quarter call come to reality in 2010!
Long SiriusXM
What does that tell you??!
On Nov 10 02:06 PM Satwaves wrote:
> we are boycotting advertisers of thestreet.com.
>
> We have already sent out dozens of letters to Etrade, TD Bank, UPS,
> Merrill Lynch, Scottrade.
>
> Feel free to let these companies know that you will not do business
> with them if they continue to sponsor thestreet.com
Jerrold your just basically a bore. I'm really not interested in your challenges or analysis about my theories. We'll just wait and see what happens. I'll stick to my opinion and my position. Which is:
1. Management is out of touch with the direction of new media.
2. There will be an upsurge in smartphones that takes share away from SIRI.
3. There is no guarantee about the conversion and that is the basis
for the speculation p/s share will rise, because conversion will be high. The market doesn't buy it. It isn't sound enough for investors to place that bet, one reason p/s stays stuck. In theory according to you, that previous conversion was established therefore it should continue. Guaranteed right. It's like saying so many dvd's were sold
inc`07 and `08, therefore we should know how many dvd's will sell in `09. Didn't happen. Because no-one knows what the consumer will choose. We can speculate they might convert, but they may not and go somewhere else. It's not enough to base an investment on. One time before smartphones, yes, but not any more.
4. There is a leverage game at play with Malone/Liberty and the shareholder will get screwed next year.
5. The consumer will go the way of apps. and not sat rad and the subs number will peak by next summer.
For any one measuring who is right or wrong in this banter, it's not about who wins, it doesn't matter. It's not an ego game, I could care less. It's about seeing the investing potential or not. It's about laying out positions and theories. If we all had a crystal ball that was a perfect score on the future there would not have been a financial meltdown. We all make decisions for our own porfolios.
Mine has been successful for me and my analysis has been pretty
right on for me. No one has to accept my view, or even argue about it. It's my opinion and they work for me. This a blog and people should express their views. It's not about keeping score. Do what works for you. My position is to make money on the stocks I buy. Since I have SIRI stock my position management has problems, they are part of the reason the stock is in the tank, and they are not up to getting it right with the new media changes. I will continue to call them out because i want a change so I can make money on
SIRI investment.
HMMMMM, sound familiar? what a freakin' hipocrit!!! yea brandon i'm sending some e-mails to sponsors of "The Street" too. lets take bets who see's BK first.
What are the numbers? How many people sign up for SIRI because of them? And Stern. How many on the westcoast listen to Stern/ What are the numbers? You are always asking for specifics,
so what are the specific demographics for your sale of SIRI? What are you giving the investor to say the p/s will go up? Is Stern staying, do you have that in writing guaranteed? Are you guaranteeing there won't be r/s and maybe further dilution again? So the investor should buy the stock now and his investment is safe because there will be subs growth thru auto sales, Stern is staying guaranteed, no r/s split guaranteed, and the big name talent is drawing subs to SIRI, some talent which no one has even heard of and others pretty much on the decline? Is that why SIRI is a buy now? Just asking, what's everyone's position? Because I think management still has to pump up the p/s so that when the r/s comes they get more money on the roll and when they sell new shares again they will dilute the stock and again take the funds out
for themselves and the high talent. The r/s will screw a lot of shareholders and so they still want to keep it out of the picture and not talked about? What is in it for the investor now.? Running debt,
looming r/s, 40% leveraged to Liberty, all because of managements
incompetence and now pressure from new media? All i'm asking is give up your reasons why SIRI is a good investment now?
If you invested 10,000 in APPLE at $90.00 a share and sold at $180.00...You doubled your initial investment of $10,000. You now have $20,000. Not bad..
Now,, I have the same $10,000 to invest, If I invested the same $10,000 you did but in SIRI stock at $.05 and then sold at $.60. My initial $10,000 investment is now $120,000.
So, your profit on a $10,000 investment is $10,000. ($20,000 - your initial investment of $10,000)= $10,000 profit for you
My profit is $110,000. I invested 10,000, grew to $120,000....My profit is $110,000. So $110,000 > $10,000....oh...">" is the greater than sign. I;ll keep it really simple for you!
In your childish scenario...If we both could only buy1 stock each,or are limited to buying the exact same NUMBER of shares.....yes, a $90.00 investment per share would have brought you a $90.00 profit per share with APPLE . My $.05 investment per share would have ONLY brought me a profit of $.55 per share with SIRI. $90.00 is greater than $.55. Is that how you invest? Are you serious?
In case this was above your head...just trust me 1500% profit is greater than 200% profit!!!. Just take my word...or better yet...get a google app and search for basic percentage lessons. You are a sad case....You called me a dummy? lol OMG!!!!! Good luck to you......A mind is a terrible thin to waste......
On Nov 10 11:43 PM dayworker wrote:
> Math counts. Figure the dollar amounts. If you make $.60 on a trade
> or $90 on a trade. Which puts more in your pocket? It's just simple
> math. If you buy a 100k shares of each how much money will be in
> the pocket of each trade dummy?
.
DavidC
If you buy 100k shares at .05 you invested $5,000. If you sell 100k
@ .65 you made $60,000. If you buy 100k at $90 you invested $9 million, if you sell 100k @ $180 you made $9 million. I have no problem with that. It sure looks good in my bank account. Maybe investing at that level of math is beyond math professors. Here's some
math you might understand. At night in bed do you do number 1or number 2 about SIRI run to .65 Dummy. No wonder the education of young people and education system is in the toliet.
So let's here your projection about where SIRI will be at based on your numbers of subs conversion growth thru auto sales, and all this great talent everyone is running to sign up for at SIRI.
www.bridgeratings.com/...
Academically it's sound. It works on the blackboard. But trading shares is not about that kind of math. It is a supply and demand scenario. What people with small amounts of money do is what you
are calculating. You have so much to spend/invest and how do you calculate that investment mathematically for the percentage of return.
It will always be a small number percentage wise. What people with larger funds do is look at what amount of shares they can trade on a buy and sell. They don't look at what the investment amount is, that is basically irrelevant. They look at the amount of shares they can trade, what is the supply and demand. The calculation is what amount of shares will be in demand or the opposite, what amount of shares will they be able to take to market.
When Lehman or Bearstearns went under there was no demand for the shares. One reason SIRI is in trouble is because they increased the supply of shares and diluted it's value. The r/s corrects that but reduces the individuals portion of investment and increases the risk to further loss, only corrected `if', big `if', the s/p
goes higher. But the company fundamentals don't change. It does give management the opportunity to sell shares and raise funds, again diluting the shares. Trading is always about shares in the market on any day or hour. Hence, always the number of trades recorded of shares mentioned minute by minute. What will be the demand for a stock, or in this case, what will be the demand for SIRI shares. The other unfortunate element is the manipulation of shares. So no matter how everyone looks at it, bashers with an agenda, or the market in general, because the share trades on SIRI,
based on supply and demand, is in trouble. The demand is not there because when it comes to sell there aren't enough buyers for SIRI.
Bottom line.... SIRI will prosper.... with or without your enlightened outlook... LMAO
On Nov 10 06:06 PM dayworker wrote:
> By the way Jerrold, while sitting in my beautiful home in Southern
> California on a warm day over looking the the green hills I can honestly
> say that all those names and personalities you mention on SIRI mean
> diddly sh....t to the west coast. I never hear anyone say they can't
> wait to listen to those old farts. That must be your gig because
> isn't blip on our radar. Are you still baking biscuits with Martha?
> Don't forget to tune into Oprah to find the latest on female pms.
> Check out ESPN sports center on the iphone app, or Fox sports. SIRI
> not neccessary for sports. Sorry but that's the future.
My house value has gone up. Bought it right, in the best location. Low taxes with prop. 13. Some peoples success show how substantial their genitalia are. Nothing for me to worry about. I guess you dream about male genitia and probably being rich. Isn't that why you play the market. Still dreaming though. I'm enjoying mine and the ladies with my largesse in the market and otherwise. But you guys keep trying.
Not even close to hitting the mark. Kind os silly jealousy.
This is gambling not investing , at least in vegas when you gamble they get you a hooker and a steak dinner
This company should performa reverese stock split if they really cared about teh shareholders because then they could broaden the peopel who could buy the stock like AIG did
It doesnt change that the business itself is not great but at least it maximizes shareholder value
On Nov 11 01:55 PM EvilNeil wrote:
> you sir are a twit.... u didn't lose a penny in the financial crisis?
> You're the only one in the entire country.... Congrats!... BTW...hows
> your home value doing there in southern cali? LOL... i love people
> who have to tell others how important/successful they are they are....
> (its usually compensation for their small genitalia, and small minds)
>
>
> Bottom line.... SIRI will prosper.... with or without your enlightened
> outlook... LMAO