Barrington Raises Sirius XM Price Target on Q3 Report 79 comments
-
Font Size:
-
Print
- TweetThis
By Brandon Matthews
In a report issued Monday by Barrington Research Associates, Senior Investment Analyst Jim Goss maintained his OUTPERFORM rating on Sirius XM Radio (SIRI) while upgrading his 2010 and 2011 price targets following the company’s third quarter earnings report.
Mr. Goss raised estimates on better than expected revenue and improving metrics going forward, such as improving subscriber numbers due in part to the cash for clunkers program, increased ARPU and continued cost consolidation. Increased EBITDA projections and faster implementation of the royalty recovery fee were the main drivers of his raised 2010 base target price to 1.25 and his 2011 base target price to 1.50.
Barrington Research Associates provides information intended for institutional investment firms. As such, the suitability of any analysis should not be taken as a recommendation to buy or sell shares of Sirius XM Radio on an individual basis. Investors should seek the advice of a professional before acting on any recommendation, to determine the suitability of a particular investment for their own individual needs.
Position: Long SIRI
Related Articles
|
-
The Seeking Alpha 100
See allThe top 100 stock
market authors
selected for publication
Seeking Alpha 100 » -
Fastest Climbers
Authors with the largestSee all
increase in followers
in the last 7 days
Fastest Climbers » -
Top Commenters
Top commenters,See all
as ranked by their peers
Top Commenters » -
Top Instabloggers
The 100 most active
Instabloggers.-
1
David Fry
-
2
TraderMark
-
3
Don Dion
-
4
Cliff Wachtel
-
5
Mike Havrilla
Top Instabloggers » -
1
-
Top StockTalkers
TopSee all
StockTalkers.
Top StockTalkers »
This article has 79 comments:
On Nov 11 06:20 AM JOBOCOP wrote:
> Good news. Now watch MF and The Street start bashing with 10 more
> bad articles. Maybe we can get some upward movement today!!
On Nov 11 06:20 AM JOBOCOP wrote:
> Good news. Now watch MF and The Street start bashing with 10 more
> bad articles. Maybe we can get some upward movement today!!
Siri should do the same....They need to make a stand on their product then maybe the stock wont be shorted as much. A salute to all the veterans out there who protect and serve.
As the old saying goes: "The race does not always go to the swift and the strong - but that is the way to bet!"
siri long!!!!
On Nov 11 08:18 AM Neal Barkett wrote:
> R.M.@ Motley Fool has been changing his tune about Sirius Xm. He
> seems to be seeing the positive light by coming out w/ a more positive
> outlook recently. He may becoming a believer. He definitely is a
> WITNESS to all the positives coming out of the reports coming from
> within Sirius Xm. His blinders must be slipping off his face. He
> has said that he thinks Sirius Xm is poised to be one of the big
> winners when the economy turns around. If he's coming over to the
> Sirius Xm side I would like to welcome him aboard!
Is it based on the projection of auto sale conversion growth? Is that a guaranteed rise in the number of subs? Is it possible consumers might not go that way? Is the investor guaranteed there will be sub growth and listner's will want the talent on SIR? Sure there are technical plays but will institutional investors buy based on the technicals? What is the fundamental that makes this a solid and not a very speculative buy? What is also on the horizon is a r/s, 40% leverage to Liberty, debt, and always a possible change in what the fickle consumer will want? They may go to smartphones or change what talent they want to hear. So explain what is the fundamental reason SIRI is now a solid good buy for the investor?
You had two healthy satellite companies fighting over who was going to save SIRIXM from bankruptcy. Liberty and Dish. I'll bet they weren't fighting over a worthless out of date company in a very competitive market. They wanted the inside track to buy a company at a great price.
On the stockholders side you have a ruthless, ego driven negotiator Mel. He will no let this company go for peanuts but also understands it can only thrive with deep pockets behind it. He knows that SIRIXM has value. And again they aren't not competing with smart phone, I have no idea how you draw that conclusion. SiriXM is like have cable in your home but it is in your car. It offers superior programming. Yes it is tied (For now) to the auto industry and yes it made its way through like Ford did, but happened to sign contracts to offer their product in new and used cars, strengthening the position of having the radio installed as a non-upgrade item. Autos will all come with SIRIXM access whether they are luxury or low end. And with the deep pockets of Liberty i believe a mobile SIRIXM radio will eventually be released.
Its obvious Liberty is taking current steps to get ready for some M&A action by consolidating "simplifying their corporate structure.
Finally, and I don't mean this as an insult but you must be too young to remember TV without cable. For us who do remember noone wanted to pay for TV until you got a taste of it over a neighbor's house. Then you were sold quickly on the idea. So when regular every day Joes buy a $15M auto and get a free 3 month sub to SiriXM, I'm betting they make the simple phone call to sign up.
On Nov 11 10:26 AM dayworker wrote:
> What is he basis for investing in SIRI that will drive the p/s higher.
>
> Is it based on the projection of auto sale conversion growth? Is
> that a guaranteed rise in the number of subs? Is it possible consumers
> might not go that way? Is the investor guaranteed there will be sub
> growth and listner's will want the talent on SIR? Sure there are
> technical plays but will institutional investors buy based on the
> technicals? What is the fundamental that makes this a solid and not
> a very speculative buy? What is also on the horizon is a r/s, 40%
> leverage to Liberty, debt, and always a possible change in what the
> fickle consumer will want? They may go to smartphones or change what
> talent they want to hear. So explain what is the fundamental reason
> SIRI is now a solid good buy for the investor?
This was my point over and over again weeks ago that I received thumbs down. Its embarrassing to those who follow this blog.
In fact as others may remember I had to provide you with the correct definition of high speed trading.
I don't understand how others can't see through your obvious attempts of "going where the wind" brings you mentality.
Stop commiting plagiarism of other commentators thoughts as your own.
cash and debt restructuring will make SIRI more profitable and then the p/s will rise based on each quarters rise in profit. Therefore, an investor should count on the auto sub growth as money in the bank and not worry it won't happen. I'm just trying to get a perspective on what the investor can see as to why a buy is a solid investment. It's basically a confirmation that there will be subs growth for sure. There is no speculation. As far as recovery, we know for sure that the consumer will spend money on sat rad instead of smartphones. They will have that much money to spread around.
I am so glad I cancelled all my accounts with the street.com and will try to get everybody to do the same. Hopefully one day I can make a toast when they go into bankruptcy.
LONG LIVE SIRI !!!
You are dismissed, Pell - Have a good day. Conversation is over.
On Nov 11 11:18 AM Pell wrote:
> And RAF stop trying to pawn off your thoughts in high speed trading
> as a form of manipulation when you previously stated the opposite
> by stating it only affected the volume and did not effect the stock
> price.
>
> This was my point over and over again weeks ago that I received thumbs
> down. Its embarrassing to those who follow this blog.
>
> In fact as others may remember I had to provide you with the correct
> definition of high speed trading.
>
> I don't understand how others can't see through your obvious attempts
> of "going where the wind" brings you mentality.
>
> Stop commiting plagiarism of other commentators thoughts as your
> own.
With your logic why have a TV if you can download applications on smartphones to watch your preferred programing like sports. Why have a computer in you home if you can get internet access from a smartphone. Why use an IPOD? In fact why even have a radio in your car at all? There is no comparison.
The only flaw in SIRIXM DOES NOT HAVING A CARRY (MOBILE) PRODUCT YET. And I believe that technology will eventually come about. There are satellite phones, right? Its just a matter of time. In fact in speaking with some SIRIXM fence sitters that is their only issue. SIRI should be entering the smartphone era as A SIRIXM PRODUCT, not a piggy back product. But as previously stated that R&D takes money and Liberty might be the one to supply it.
On Nov 11 11:36 AM between the hedges_ wrote:
> Good news from FED EX. Retail shipping UP UP UP. So good that 2010
> rates going UP UP UP. Looks like consumer may be coming back. Likely
> story as 401ks are almost back to where they were. Good news for
> Sirius, especially for Sky Dock sales. Would not want to be short
> especially with Tuna Amobi discussing the stock tonight!
Semper Fi! and Happy Birthday to all my brothers!
On Nov 11 11:56 AM between the hedges_ wrote:
> Hooah RAF. Private Pell: Shut your freakin suck hole for a while;
> RAF is not your dentist. If you freakin just read and listen for
> a while, you will get some high speed low drag trading training.
> You are clearly a butter bar or a mere private when it comes to understanding
> business and trading. Tuck your freakin chin in, roll your shoulders
> back and brace knob. Keep your eyeballs off us, are you queer for
> our steer? :-) Pell, seriously though, think about things
> before you email them. You have a decent thought on merger with
> Direct TV. You need to get me the research on the poison pill however.
> Also, please no more talk on reverse split. It is approved and will
> only be used by Mel if 1. he doesn't get a waiver due to market
> cap, 2. stock is below $1.00 and no waiver, and 3. it is absolutely
> necessary to keep from delisting. Enough Said Knob. Now take your
> freaking tooth brush and clean the toilets!
You are obviously the rookie. And again you do not have the ability to admit your are wrong instead you use other peoples comments and make them your own.
You know what I will embarres you again.
In electronic financial markets, algorithmic trading or automated trading, also known as algo trading, black-box trading or robo trading, is the use of computer programs for entering trading orders with the computer algorithm deciding on aspects of the order such as the timing, price, or quantity of the order, or in many cases initiating the order without human intervention. Algorithmic Trading is widely used by pension funds, mutual funds, and other buy side (investor driven) institutional traders, to divide large trades into several smaller trades in order to manage market impact, and risk. Sell side traders, such as market makers and some hedge funds, provide liquidity to the market, generating and executing orders automatically. In this "high frequency trading" (HFT) computers make the decision to initiate orders based on information that is received electronically, before human traders are even aware of the information.
Algorithmic trading may be used in any investment strategy, including market making, inter-market spreading, arbitrage, or pure speculation (including trend following). The investment decision and implementation may be augmented at any stage with algorithmic support or may operate completely automatically ("on auto-pilot"). As of 2009, high frequency trading firms account for 73% of all US equity trading volume.
Bottom line they make a buck daily on small moves on share price therfore keeping the price from going too low or too high.
Please review a great comment by connorport concerning political pressure to stop this form of "daytrading" which in effect hurt long position stock holders.
Oh I forgot you really don't like to read and interpret other peoples comments.
On Nov 11 11:47 AM R A F wrote:
> Pell - Your constantly mistaken use of the term "daytrading" reflects
> your lack of understanding about the entire realm of trading. High
> speed manipulation by sophisticated institutions is a totally different
> tactic than the term "daytrading" - which you have persistently and
> mistakenly used in the same context. You are obviously a rookie,
> Pell - there was a saying in the Airborne about this: "I have more
> time in the blast than you have in the chow line!" Assume this refers
> to you, Pell, in the world of trading.
>
> You are dismissed, Pell - Have a good day. Conversation is over.
>
>
> On Nov 11 11:18 AM Pell wrote:
1, I take insult from your military comments on such a day, respect!
2. I hope you read the definition correctly before kissing the ass of an obviously highly motivated person like RAF with an agenda.
3. Finally about the R/S. Only an idiot negotiates with an obvious weakness whether or not the weakness is arguable or legitimate it still exists. A R/S only strengthens this company not hurts it. Research recent R/S and its effect on S/P. These are not normal times and a R/S is not always a sign of weakness. That is why Mel says no because of idiots who think it is a bad thing. PR reasons not reality.
4. A Poison Pill cannot stop an acquisition by definition it only makes it more expensive. It is there to protect management not stockholders.
Between the hedges I like your insight but you are the one who cannot open your mind to the facts. Believe none of what hear, half of what you read and all of what you see. And you will see. Mel is no dummy but he does however understand how dummies think.
On Nov 11 11:56 AM between the hedges_ wrote:
> Hooah RAF. Private Pell: Shut your freakin suck hole for a while;
> RAF is not your dentist. If you freakin just read and listen for
> a while, you will get some high speed low drag trading training.
> You are clearly a butter bar or a mere private when it comes to understanding
> business and trading. Tuck your freakin chin in, roll your shoulders
> back and brace knob. Keep your eyeballs off us, are you queer for
> our steer? :-) Pell, seriously though, think about things before
> you email them. You have a decent thought on merger with Direct TV.
> You need to get me the research on the poison pill however. Also,
> please no more talk on reverse split. It is approved and will only
> be used by Mel if 1. he doesn't get a waiver due to market cap, 2.
> stock is below $1.00 and no waiver, and 3. it is absolutely necessary
> to keep from delisting. Enough Said Knob. Now take your freaking
> tooth brush and clean the toilets!
1. It will be a week tomorrow since the 3Q results, and I predicted the S/P would never show its true potential with High Speed Trading prior to the 3Q results. I was given thumbs down, then others say the same after the fact and suddenly it is a revelation.
2. I predicted the Sale of SIRXM (Doesn't matter who but I said Liberty). Once again "most" gave me thumbs down until their pagan god Brandon mentions the same.
3. I predicted a -$01 to even for 3Q (Brandon predicted - $04),
Give me a break ladies and gents.
I think its time you start to take some comments a little more serious than those who just spew or expand on Brandon's views.
Connorport and Between the hedges i enjoy your insight.
Thanks for your service RAF.
I just don't like information which is twisted for the benefit of one's ego or gain.
SiriXM is a great stock to own. I have suggested to family, friends and others. However they have too shortfalls, one is perception of delisting (Not legitimate to me or most here), two is the lack capital for R&D and Branding and three the price is being manipulated by the dilution of shareholders interest (too many shares outstanding).
All of these are easily resolved. And furthermore make sense.
Instead we allow comments to continue not stating the obvious and high speed traders (Investment Firm Daytrading) continues to make their daily 3 to 4 cent spread.
On Nov 11 01:12 PM PROTECT AND SERVE 0310 wrote:
> Really Pell are you Siri-Doom brother?
Why not debate my comments instead of snoozefest.
I guess the last time you negotiated the price of a car, a family member was behind you jumping up and down "I want the car I want the car". Be real.
High Speed Trading takes advantage of available shares to perform the manipulation. 3.9 billion shares from SIRIXM with a tiny amount of Longers fits that definition.
Okay I get the point that more longers will buy in with good news. But this stock needs Institutional Longers who will buy large blocks of shares, tens of millions at a time with 3.9 billion outstanding. And at this share price they are not putting there best analyst on the task.
Or are you and RAF the same.?
On Nov 11 01:26 PM between the hedges_ wrote:
> Snoozefest Pell.
>
> Thanks for your service RAF.
Don't underestimate the power of Tuna Amobi's comments tonight.
I think I understand now. all you guys work for SatWaves.
Except certain people like connorport who have true reinforced comments.
Maybe if you kiss your boss's ass enough you will get a raise.
Laughing I should have known.
There are very few longers in here who see both ends and make educated remarks.
RAF once again how did it feel to be educated?
Let's keep to a discussion about the merits of SIRI as an investment now to get the p/s higher. Isn't that what everyone here is saying should happen and all those against are bashers. What's the pro side of SIRI as an investment and a good stock play? You bash every one who throws out a negative, so let's hear what the positive is for investors.
And if it has anything to do with the SKYDOCK they are increditably ignorant to the fact, or if they don't address the lack of liquidity for R&D and Branding they are inexperienced. And lets not forget that this company has 3.9 Billion shares with a very small minority of Long Holders.
By the way I addressed every legitimate agruement about growth of this stock. It will go up and it is a great investment.
Whats that RAF/Between the hedges/Brandon blah, blah blah. You guys are starting to sound like the teacher in Charlie Brown.
On Nov 11 02:59 PM dayworker wrote:
> Still no one comments on SIRI stock is a buy to go from $.60 to $1.25
> with all it's problems. Isn't Brandon's article about Barrington's
> call for s/p to go $1.25? So fellows, why is SIRI a buy now for the
> investor?
> Let's keep to a discussion about the merits of SIRI as an investment
> now to get the p/s higher. Isn't that what everyone here is saying
> should happen and all those against are bashers. What's the pro side
> of SIRI as an investment and a good stock play? You bash every one
> who throws out a negative, so let's hear what the positive is for
> investors.
The rest of us will tune into BLOOMBERG.
On Nov 11 02:39 PM Pell wrote:
> What is he on CNBC, Bloomsburg, CNN? What time.
And how did it feel to get educated again?
O you will just state the same a week from now as an original thought.
You and Between the hedges are thoroughly out matched and it is you and the rest of the SatWaves employees who assign thumbs up and thumbs down to make your boss isn't insulted.
When an investment firm raises or lowers its rating on a stock, the initial Wall Street reaction will send prices up or down before most individual investors can react. The question then is whether it's already too late to act, and the answer depends on digging deeper.
-- Check company announcements or other news to see if there is additional information either related directly to the analyst's comment or about changes in general affecting the company's business.
-- Learn more, if you can, about the track record of the particular analyst whose work resulted in the upgrade or downgrade. Is the analyst an "axe" -- Wall Street slang for those whose record of insightful analysis is so good that their every comment carries disproportionate weight?
So that why i comment based in facts and not get brainwashed by my boss Brandon and pimp RAF.
On Nov 11 03:51 PM between the hedges_ wrote:
> Unlike Pell, I don't pretend to know what I'm talking about. I rely
> on the media axe, Tuna Amobi. Pell, do you even know what the axe
> is?
I'm sure that question will be posed, NOT.
You guys crack me up.
On Nov 11 04:14 PM between the hedges_ wrote:
> Outlook revised to positive at S&P. Outlook revised to positive
> at S&P. Pell, you and the other shorties are through!!
"If Sirius XM was to issue only an additional 1 billion shares of stock in order to reverse the Liberty deal, it would have the net effect of removing the 2,586,976,762 shares that Liberty's preferred stock represents. The total number of fully diluted outstanding shares would thus be REDUCED by more than 1.5 billion shares, which of course benefits Sirius XM shareholders"
And Amobi's comments are over a month old. I do believe tje stock will go up but it needs other actions to do it.
--> Higher grade ratings. example:(B- rating now from S&P)
--> Decent 3rd Quarter CC.
Does anyone know if SIRI is planning on launching any satelites for Europe or any other countries?
I also saw a posting about Google possible wanting to use SIRI for Mobile WiFi? is there any truth to that?
S&P Raises Outlook On Sirius XM To Positive From StableFont size: A | A | A4:09 PM ET 11/11/09 | Dow Jones
DOW JONES NEWSWIRES
Standard & Poor's Ratings Services boosted its outlook on Sirius XM Radio Inc. (SIRI) to positive from stable amid the satellite-radio concern's improved third-quarter results.
The heavily indebted company was facing bankruptcy early this year because of its leverage level, but a deal with Liberty Media Corp. forestalled that possibility.
S&P has Sirius XM at B-, the last step before highly speculative territory. In its outlook change, the credit rater highlighted cost savings from Sirius's acquisition last year of larger rival XM.
In the latest quarter, total subscribers fell 2.1% from a year earlier to 18.5 million while net new subscribers slumped 70% to 102,295. Churn, or the rate of monthly customer losses, rose to 2% from 1.7% for self-pay customers. Average revenue per subscriber, an important industry measure, rose 3.4% while costs associated with adding new subscribers fell 6.8% per subscriber
On Nov 11 01:32 PM dayworker wrote:
> So explain me to everyone, what is the demand for SIRI stock now?
> Why should investors buy SIRI now to get to the $1.25-$1.50 mentioned
> in this article. Is there some pent up demand for SIRI stock? With
> possible r/s, 40% leverage, short trading and stock manipulation,
> news media antagonism, future profits hinged basically on auto conversion
> and debt and budget problems, what is the reason investors are going
> to buy the currently diluted SIRI stock with high outstanding shares?
> Is it to go from $.60 to $1.25? With all the other trades on the
> market with other stocks, why would an investor jump into SIRI? Am
> I missing something about how good a deal it is today to buy SIRI
> shares? Please expalin it to me and all the other investors waiting
> to pour money into SIRI? NOT.
On Nov 11 04:49 PM GeorgeS wrote:
> Normally SIRI should keep rising similar to Apple just because of
> general optimism, not hard specifics. Not in this scenario though,
> cause of the plots, manipulation, shorting shares behind the scenes.
> People who predicted big rises, including me, turn out being fooled.
>
Have you heard of a lili thing called a recession and the unemployment rate. Although i agree and have said many times I love where the auto industry and Sirius is going together.
again another recycled comment by me passed on as an original thought.
On Nov 11 05:06 PM between the hedges_ wrote:
> Don't get scared out of your shares. Rome wasn't built in a day.
> The most optimistic Pell and George forget that the consumer is loaded
> with cash they have been hoarding and waiting to spend (which will
> be done as per UPS's statement and airlines statements) this 4q holiday
> season and going on into next year. Hell, even intimate apparrel
> is on sale. Maybe Pell and other shorts should buy a nightie to get
> ready for the pounding that they are about to take. Don't forget
> autos are rebounding and the cfc hangover only lasted a month. Furthermore,
> don't forget about the sky dock, rental car market, used car market,
> and potential international arena with Apple going to China. When
> sub growth heats up, you will definitely definitely not want to be
> short. Pell, I agree with you on one thing, this stock is clearly
> an acquisition candidate.
On Nov 11 04:33 PM tafter12 wrote:
> I believe that Cramer and his buddy's at the street are reaching
> on a last second effort to cover at a lower price per share as they've
> more than likely been shorting the stock. They know, at this point,
> that good news will be reported for a while for SIRI. Here are just
> few they were, I believe scared of:
> --> Higher grade ratings. example:(B- rating now from S&P)<br/>
> --> Decent 3rd Quarter CC.
As for your short position: please consider the recent news which broke a short time ago and will clearly start to reel in hedge fund money:
1. S and P raises outlook to positive.
2. Janco reinitiates with accumulate and .80 target
3. Amobi confirms 1.00 target
4. Accolades for Sky Dock continue to flow in
5. Advertising and branding campaign to begin
6. Retail about to heat the f up. Black Fri started early to quell the demand.
Cover cover cover.
On Nov 11 05:18 PM between the hedges_ wrote:
> Pell: as being born in the middle class, I've been living in a recession
> my whole life, but that is not stopping me from refusing to listen
> to your radio station on FM. Get another job.
>
> As for your short position: please consider the recent news which
> broke a short time ago and will clearly start to reel in hedge fund
> money:
>
> 1. S and P raises outlook to positive.
> 2. Janco reinitiates with accumulate and .80 target
> 3. Amobi confirms 1.00 target
> 4. Accolades for Sky Dock continue to flow in
> 5. Advertising and branding campaign to begin
> 6. Retail about to heat the f up. Black Fri started early to quell
> the demand.
>
>
> Cover cover cover.
On Nov 11 05:26 PM between the hedges_ wrote:
> It is amazing how Doom is absolutely speachless, unless it has converted
> to Pell and is now trying to dupe us into a reverse split with Pell's
> oh so kind and wise words and positive sentiment.
Long SiriusXM
Long Sirius XM
On Nov 11 05:31 PM Pell wrote:
> I am still waiting for someone to defend 3.9 billion shares outstanding.
> And no i am really not SIRIDoom. Does anyone know why a company of
> this size should have 3.9 billion shares outstands when the majority
> of the trading is short trading and day trading. Again a R/S is a
> good thing for SIRIXM and the stockholders.
>
> I used to like your comments between the hedges until you were converted
> to th zombie world of no opinion as per the book of Brandon.
>
> Guess the quotes yet?
>
> Hey should it be simply "between the ass cheeks" or make it more
> specific "between the ass cheeks of Brandon and RAF"
>
> I need help on that one.
Long SiriusXM
On Nov 11 05:47 PM mlongj wrote:
> 3.9 billion shares @ .6321 equals 2.4 billion market cap. This is
> a multi million dollar company---the defense rests!
>
> Long Sirius XM
LMAO
Oh man does this stock need some large corporate investors.
LMAO
the defense just sent an innocent man to the electric chair.
LMAO
On Nov 11 05:48 PM mlongj wrote:
> Billion! Billion! Billion! More money than most companies.
>
> Long SiriusXM
And by the way did you figure ut who made those quotes?
1) Why you should sell your SIRI stock and cancel your subscription"
2) Next article: Why people in a tough economy can afford everything but the luxurious SIRIUSXM subscription....
Article 3: Why you should cancel your SIRIUS XM and just use podcasts or buy a Kindle
Article 4: "How you will waste $2888 in 20 years if you subscribe to SIRIUSXM"
ARTICLE 5: "Why pay for SIRIUSXM when you can use your old CD'S, or talk on your phone...
ARTICLE 7: "Don't buy SIRI because Howard Stern will quit and start his own app next year" then all 18 million subscribers will cancel and company will go bankrupt.
Article 8: "Why you don't need SIRIUS XM for sports, when you are better off just going to the game or playing a baseball game on your iphone app or psp, or nintendo ds
And the last article and top ARTICLE IS..." Why people can afford to pay a monthly subscription of $59.95 for Jim Cramers action alerts plus with no guarantee to make you more than if a monkey picked the stock......but $12.95 for SIRIUSXM is out of most peoples budget"!!!
lol...I should send this to David Letterman for the top 10
On Nov 11 07:17 PM Jerrold Williams wrote:
> SIRIUS XM had a decent day...Tomorrows thestreet.com articles will
...I should send this to David Letterman for the top 10
On Nov 11 08:51 AM JOBOCOP wrote:
> sorry neal. i have buying this stock for a year now and MF has been
> bashing it the whole time. they put the siri symbol in any chance
> they get just for clicks. with 99% bash rate, you can have him. i
> stopped reading their blogs because of all the negitivity. i would
> be affraid if he came over to our side, thats when i am selling.
> next thing siri-doom will stop his rants too. if you dont like the
> stock, dont buy it!!!
> siri long!!!!
On Nov 11 07:56 PM User 403498 wrote:
> Jeeze Louise!!! I consistently make $500 on just the swings. Who
> cares about long term?
Also, what about Europe being able to access SIRI's channels? They sure to love American music.
On Nov 11 05:14 PM R A F wrote:
> Right on, tafter12. Think about the probability of news over the
> next three months, heading into the 4th Qtr. release of earnings
> and guidance in February: Is it likely to be positive, or negative,
> news? Given everything that is transpiring on all fronts - auto resurgence,
> holiday sales and advertising, new and expanding platforms in the
> wireless/internet arena, emerging upgrades and credit assessments
> - it is hard to see what negative news might be plausible enough
> to offset all this positive sentiment. Only the remaining negative
> hype and whining from the usual "bashers', and this stuff is already
> losing all credibility. So - I concur with your assessment that good
> news should heavily outweigh any negative news over the foreseeable
> period. Couple this with the technical strength that now prevails
> in SIRI's trading and you have a prescription for pain for the shorts.
>
>
> On Nov 11 04:33 PM tafter12 wrote:
On Nov 11 09:53 PM tafter12 wrote:
> R A F - have you heard anything about Google wanting to work with
> SIRI on mobile WIFI? - I'm just trying to make sense of a rumor I
> had heard on another site? It would make sense, and it would corner
> the market especially if Goog was trying to hook-up with us on a
> new type of phone. Perhaps the only way to use the mobile wifi would
> be to become a siri subsriber? ...it may explain the timing of the
> launch of FM-5 a little more as well. What do you think?
>
> Also, what about Europe being able to access SIRI's channels? They
> sure to love American music.
>
> On Nov 11 05:14 PM R A F wrote:
Here it is;
As I have said before, I love the product on Main Street and both my wife and I have the Sirius radio in our cars. The problem I have with the company as an investment is that the management is as fiscally irresponsible as Congress and thinks that the way to grow a company is to just keep issuing more shares. The management of the company is a text book case in how to destroy an amazing franchise in 10 easy lessons. Here are my proofs;
In 2001 the company had 57.46 million shares outstanding and today have 3.815 billion. That is an average growth rate of share issuance of 82.09% per year over the last 8 years or 6,539%.
During this time they have racked up $-4.344 Billion in negative free cash flow so it has cost them $228 in free cash flow to gain each subscriber that they have.
Its bad enough that they have set the world record in diluting their shareholder base percentage but they also saw fit to borrow $3.316 Billion during those 7 years in question.
The question is how are you going to pay back $3.316 billion in Long term debt with negative free cash flow?
The answer to this question is to first fire all the management and replace them with bean counters to clean up the mess. The product is amazing and the fees are reasonable but will the company ever stop issuing shares to finance the company?
The company may have 19 million subscribers but they have yet to turn a profit and have never shown that they know how to.
I have been analyzing companies for the last couple of decades and have never seen such a terrible management run a company into the ground faster then this management has.
The solution is get rid of management and put Dr. Malone in charge and have him do a reverse split of 1 for every 50 and concentrate on two things = getting rid of the debt and turning a profit.
The share count is insane and so is the debt level averaging out to about $175 per subscriber.
The company has one of the most amazing and unique products on earth, but it must be run as a business and not as share certificate printing business.
I love the company and would love to invest in it someday but you can't argue with the numbers as "numbers don't lie, only people do"
Disclosure : No position long or short in SIRI
The Fine Print: As Registered Investment Advisors, we see it as our responsibility to advise the following: We do not know your personal financial situation, so the information contained in this communiqué represents the opinions of Peter “Mycroft” Psaras, and should not be construed as personalized investment advice.
It should not be assumed that investing in any securities we are investing in will always be profitable. We take our research seriously, we do our best to get it right, and we “eat our own cooking,” but we could be wrong, hence our full disclosure as to whether we own or are buying the investments we write about.
The other day there was a new blog about SIRI branding which I praised and gave kudos to Pell for being right and then in a couple of hours the new blog was gone. How does that happen?