On The Street's Sirius Bashing - Will They Never Learn? 56 comments
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By David “Newman” Phillips
Will they never learn their lesson? In an article posted Friday afternoon, Scott Moritz of The Street.com (TSCM) wrote an outright bash piece of Sirius XM (SIRI). I will refrain from posting a link to the article because it does not deserve the clicks. Here at Satwaves, Brandon Matthews has already posted many of the slam pieces that Mad Money “star” Jim Cramer has published. I was going to blow it off and let it be, but it really was just too much and needed to be responded to.
As we all know, Gary Parsons resigned Thursday as Chairman of the Board and was replaced by Mr. Eddy W. Hartenstein. For those that don’t know the history of Mr. Hartenstein, he has been a member of the Sirius board since 2005, and prior to this, served as a board member, President, and as CEO of DirecTV, Inc. (DTV). Curiously enough, Greg Maffei, CEO of Liberty Media (LINTA) and Sirius Board member, just mentioned that it should be announcing its new CEO sometime this week. Brandon has predicted that it might, in fact, be Gary Parsons that will be appointed.
Mr. Moritz starts out by insinuating that the reason that Mr. Parsons is leaving the company is because the company is no longer growing. He says, “You can’t blame Parsons, however, for wanting out. When you are a growth company and the growth stops, investors lose interest also.” He uses subscriber numbers as his proof that the growth has stopped. “As of September, Sirius’ subscriber rolls, which include unsold cars at auto dealerships, has dropped to 18.5 million, down from 19 million at the close of last year, and below the forecast the company provided a year ago.”
What Mr. Moritz fails to mention, is that while promotional subscriptions went down, Self Pay subscribers actually increased significantly year-over-year. At the end of September 2008, there were 15.1 million self paying subscribers. At the end of September 2009, there were 15.4 million, an INCREASE of 300,000 self paying subscribers. They also increased quarter-over-quarter by 35,405 from the second quarter of 2009. He did say “the close of last year” but Sirius did not report self pay subscribers for Q4 2008.
Mr. Moritz also states that “anyone would eventually tire of managing a company living off debt and the distant promise that cash flow will one day reverse to positive.” Apparently, Mr. Moritz hasn’t heard that “the distant promise” is coming in Q4 of 2009. Most analysts are predicting a PROFITABLE quarter for Sirius XM in Q4 of 2009. They are also expecting the company to generate full year Free Cash Flow (FCF) and over $400 Million in positive adjusted EBITDA. The company has also guided to 20% growth in EBITDA in 2010. As far as debt goes, there are no significant maturities due until 2011. Now that Sirius is producing cash, paying off the majority of this debt or refinancing will not be an issue.
Jim Cramer recently sent an email to one blogger instructing him to delete his article that badmouthed TSCM and apologize. I guess they are lucky that Sirius XM is above that, or their inbox would be full.
So to you Scott Moritz, Jim Cramer, Fool.com (most of them), I leave you with the words of Jim Cramer’s email:
“If you really need to sell subs just sell them, don’t trash [Sirius XM] to do it.” jjcramer
Disclosure: Long SIRI, no position any other security mentioned.
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This article has 56 comments:
Once again, you have TV entertainers who so believe their own press, they try to be the news instead of merely reporting it or of being a content of fair commentary.
They are inexcusable.
my thoughts are this; if your long term thesis is still in place, you keep focusing on the FACTS. and the facts are for sirius-xm, more and more promising each day
You chose not to do an article on this interview once again conducted by you and a co-host on your site because Mr. Amobi's opinions on some key issues differed from many of your previous articles.
You should NEVER NEVER NEVER comment or do an article bashing other reporters or analyst work no matter if you and I agree it is wrong.
The bashing is wrong and unsubstantiated but Brandon, you do not have the credibility to comment.
SIRI LONG and BIG Supporter of the product and the stock.
In your own best interest - you would be well advised to confine your comments to matters of interest to readers of this site pertaining to Sirius XM and give up the personal attacks and dialogue you tend to gravitate toward.
On Nov 15 01:45 PM Pell wrote:
> Brandon you have absolutely no credibility bashing other organizations
> articles after you did not report the facts about an interview performed
> on your site with the best Media Analyst in the country Tuna Amobi.
>
>
> You chose not to do an article on this interview once again conducted
> by you and a co-host on your site because Mr. Amobi's opinions on
> some key issues differed from many of your previous articles.
>
> You should NEVER NEVER NEVER comment or do an article bashing other
> reporters or analyst work no matter if you and I agree it is wrong.
>
>
> The bashing is wrong and unsubstantiated but Brandon, you do not
> have the credibility to comment.
>
> SIRI LONG and BIG Supporter of the product and the stock.
I think if you know Brandon personally you should have a long talk with him.
And obviously Brandon would not put his name to this article because of his own recent lack of reporting. Are you that naive?
SATWAVES and Brandon should NEVER NEVER comment on the integrity of other reporters or analyst.
And RAF I will continue to preach this until Brandon does the right thing by his readers.
Remember, Siri has lost subs this year and the job market is only getting worse. This means more lost subs.
I don't charge for my advice,
Mr. Stupid
On Nov 15 02:49 PM Mr. Stupid wrote:
> Scott Moritz has some very interesting points. All Siri investors
> should read the article to expand their analyzation of this company.
>
>
> Remember, Siri has lost subs this year and the job market is only
> getting worse. This means more lost subs.
>
> I don't charge for my advice,
>
> Mr. Stupid
The fact of the matter is Satwaves is the only one who now proved they have alternative motives.
SriLong and proud to have a mind of my own.
I think you may be building too much personal dislike or bad intentions toward Brandon M....Just my opinion......I disagree with some of satwaves claims at times also, if I feel they are unfounded...But they still offer good info...
I personally would like more articles from others combating what thestreet.com says. Some of their articles are outright childish attacks with no factual basis.......
On Nov 15 01:45 PM Pell wrote:
> Brandon you have absolutely no credibility bashing other organizations
> articles after you did not report the facts about an interview performed
> on your site with the best Media Analyst in the country Tuna Amobi.
>
>
> You chose not to do an article on this interview once again conducted
> by you and a co-host on your site because Mr. Amobi's opinions on
> some key issues differed from many of your previous articles.
>
> You should NEVER NEVER NEVER comment or do an article bashing other
> reporters or analyst work no matter if you and I agree it is wrong.
>
>
> The bashing is wrong and unsubstantiated but Brandon, you do not
> have the credibility to comment.
>
> SIRI LONG and BIG Supporter of the product and the stock.
Tomorrows Oprah tv show has Sarah Palin...a HUGE rating is expected....I wonder if SIRIUSXM can afford to reach that market? we will see tomorrow......I hope they swing for the fences with these promos!
Pell, what is it that you have an issue with? Is it my article? Or is it something done or said by Brandon? I would love to help clear this up if I could... email me at newman@satwaves.com.
Mr Stupid... you are indeed living up to your name! What part of MY article didn't you read? If you are tracking SELF PAYING subscribers, Sirius has ADDED subs over the past year. What part of that did you miss? The only thing that has fallen has been the number of promotional subs. Revenue is up, EBITDA is up, Free Cash Flow is up, and positive earnings are now less than a quarter away. What exactly was the good point that Moritz had?
On Nov 15 09:24 PM between the hedges_ wrote:
> My mom used to say the proof is in the pudding. The negative articles,
> the bashing, the outright lies, they can't stop the auto companies
> from continuing and continuing and continuing and continuing to factory
> install Sirius satellite radios into the vehicles. I'm a contrarian,
> so may I step out of a limb. THIS IS THE BEST BUSINESS MODEL THAT
> I HAVE SEEN IN FREAKING YEARS. YOU ARE GUARANTEED A SALE. The
> radios continue and continue and continue to display nicer, toggle
> better, and the tech such as Sky Dock is continuing to look more
> and more awesome. Mel: You deserve accollades from the Street and
> The Fool and as we continue to recover, your turn around of this
> company has been absolutely phenomenal. Thank you, Between the
> Hedges
Through E-Trade I have access to this and I do not believe biased views belong on an investment site. Some people may believe everything that is written and lose money that can hurt them financially.
Although I hope you review the interview by Tuna Amobi word by word before you reply.
By the way you missed the live portion of the interview, they were waiting for you, I think you came in a little late.
Or you can report on whether you agreed or disagreed with Mr. Amobi, based on facts and experience.
Mr. Amobi openly and with reason stated:
The Skydock would NOT be a relevant hit to subs but may help retention
The R/S will happen within 6 mos or less, since the equity is too diluted and SIRIXM is in a Catch 22 on time and the $2 threshhold needs to be broken so hopefully we longers get some institutional money following.
He also had concerns about the Ad Compaign of whether or not management would handle properly. I believe he called it a hole in the pocket. In other words you could spend too much and not get enough return on investment. The best part about the Ad campaign as per Mr. Amobi's comments was the fact of telling people SIRIXM did not go bankrupt and the product still exists.
All of the above disputed Satwaves points and noone reported about them on Satwaves. I agree thestreet and mf lost their credibility and now I believe Satwaves did as well.
So "newman" you will hear from me or you know what you just did. So go ahead and defend.
And sorry Jerrold I have to disagree with you for the first time as well. Satwaves reports exactly the opposite as thestreet and mf because when given the opportunity to report the results of the interview with Mr. Amobi they did not.
On Nov 15 10:38 PM *Newman* wrote:
> That's right. I wrote this article, Not Brandon Matthews.
>
> Pell, what is it that you have an issue with? Is it my article? Or
> is it something done or said by Brandon? I would love to help clear
> this up if I could... email me at newman@satwaves.com.
But ferchrissfucking sakes, will you take your shit elsewhere? Your continued threats, accusations, repeated assertions and proclamations of "SIRI longs, and the rest of you are behind me" approach is both tiring and irritating, and not in a way that's going to win you any supporters.
You are no better that SIRIdoom (and I will argue that if you are not the same person as most of us are now willing to believe), then your tactics are.
Go away and let adults talk among themselves.
Siri and longer than Pell.
It is obvious the blatant attempt to slam the company. The company is continuing to do what has been put out by Mel and management. This type of turnaround just takes time and now that Sirius has essentially bought some extra time...it is just a matter of time before the SP is made whole again. There certainly is no love lost between thestreet and Sirius, but at this point the negativity expressed does not add up to the facts surrounding this "growing" company.
Long SiriusXM
And what threat did I make?
Again you have computer muscles and got the wrong guy.
" RAF" I hope you will do the the post show commentary for us.
Go Sirius !
It seems like the above letter is the reason Gary Parsons resigned...Isn't it? Or am I wrong?
On Nov 16 09:09 AM JPearce wrote:
> Hurrah! Mel Karzin is to be on Fox news today at 4pm with Cavuto
> discussing "SiriusXm turna-around. It will be interesting.
> " RAF" I hope you will do the the post show commentary for us. <br/>
>
> Go Sirius !
On Nov 16 09:28 AM Jerrold Williams wrote:
> SIRIUS XM Radio (Nasdaq: seekingalpha.com/symbo...) today
> announced that it received a letter from The Nasdaq Stock Market
> acknowledging that the company complies with the independent director
> and audit committee requirements of the Nasdaq rules.
>
> It seems like the above letter is the reason Gary Parsons resigned...Isn't
> it? Or am I wrong?
Even though Cramer is a Idiot. I hope he " Mel" will jump at the chance to return to Mad money to do a little bashing on his own.
On Nov 16 09:29 AM Jerrold Williams wrote:
> I wonder if Mel Karmazin will ever be invited back to Mad Money with
> Jim Cramer???
Nah you just have computer muscles. I never make threats sounds like you do.
On Nov 16 09:38 AM Scooterpod wrote:
> And Pall, I don't summarize anything for anyone except my own use.
> Nobody here probably gives a shit what I think, why on earth do you
> think differently about yourself? Oh, yes, I forgot... you seem to
> think we hang on your thoughts. We don't. I think we all come to
> our own conclusions without any of your "valuable" input. Now, back
> to your corner.
Even though this article wasn't written by Brandon, you're dead on. I've been reading his nonsense for years now. He makes presumptions and presents them as facts. I don't know what was said in that interview but I also find it interesting that there was no write up about it when he’s so quick to write about every little piece of news about SIRI. That's the problem with his writing. IT'S NOT OBJECTIVE. People read his work and assume it was written based solely on facts and based on the general research standards of 2711, but that is further from the truth. His writing is lazy and biased, yet he attempts to present his work as if he is an analyst. He even advertises he has various Series licenses on his website. If he was worth anything, he's still be on the street earning money for his writing rather than spending all his time on a stock for which he isn't compensated. I can’t quite remember exactly what his line is, but he hides but something along the lines of “don’t be brought down to someone else’s level when they bash you.” He's pathetic but heaven forbid you have a negative comment about SIRI on this site. You want to take advice from someone with creditability and track record. Show me his. He doesn’t have any.
As for you Pell, don't get so upset when people bash you here or give you thumbs down. Everyone here cheerleads from SIRI. This site has become an extension of SatWaves.
On Nov 15 01:45 PM Pell wrote:
> Brandon you have absolutely no credibility bashing other organizations
> articles after you did not report the facts about an interview performed
> on your site with the best Media Analyst in the country Tuna Amobi.
>
>
> You chose not to do an article on this interview once again conducted
> by you and a co-host on your site because Mr. Amobi's opinions on
> some key issues differed from many of your previous articles.
>
> You should NEVER NEVER NEVER comment or do an article bashing other
> reporters or analyst work no matter if you and I agree it is wrong.
>
>
> The bashing is wrong and unsubstantiated but Brandon, you do not
> have the credibility to comment.
>
> SIRI LONG and BIG Supporter of the product and the stock.
I do believe this is a good stock and I am long.
You said it better than I could ever attempt.
More and more people are chiming in now on the facts. If you are not employed or brainwashed by SatWaves, it is time to start free thinking on who has the alternative motives.
Be careful.
On Nov 16 10:06 AM RealityofSiri wrote:
> Pell,
>
> Even though this article wasn't written by Brandon, you're dead on.
> I've been reading his nonsense for years now. He makes presumptions
> and presents them as facts.
Retail is usually the slowest in the 1st quarter and generally picks up during NOV and DEC.
I estimate between oem car install and retail that there will be roughly 300,000 paying new subs that will boost EBITDA into the $415 million range rather than the estimated $400~$405million that sirus/XM estimates.
I do however hope you are correct because it would be a major plus for us longers.
On Nov 16 11:16 AM connorport wrote:
> Short interest is unchanged as of 11/13 flat at 2.02%. Let us see
> if we see some institution buying early this week. A finish up .03
> to .04 a week will work for me.
If you don't think bias belongs on the newswires, you must not read anything....or can you direct me to the unbiased publishers as I have yet to find one?
On Nov 16 08:23 AM Pell wrote:
> Okay Newman you got it I will e-mail you direct. So I guess you are
> the boss and no one reviews (edits) or approves your work before
> it is posted. Or does SatWaves just allow its employees to post what
> they want or are you the Boss? And if you took the chance to read
> (research) my comments you would know what my problem is. Or do you
> really not care about any comments unless they are positive.
>
> Through E-Trade I have access to this and I do not believe biased
> views belong on an investment site. Some people may believe everything
> that is written and lose money that can hurt them financially. <br/>
>
> Although I hope you review the interview by Tuna Amobi word by word
> before you reply.
>
> By the way you missed the live portion of the interview, they were
> waiting for you, I think you came in a little late.
>
> Or you can report on whether you agreed or disagreed with Mr. Amobi,
> based on facts and experience.
>
> Mr. Amobi openly and with reason stated:
>
> The Skydock would NOT be a relevant hit to subs but may help retention
>
>
> The R/S will happen within 6 mos or less, since the equity is too
> diluted and SIRIXM is in a Catch 22 on time and the $2 threshhold
> needs to be broken so hopefully we longers get some institutional
> money following.
>
> He also had concerns about the Ad Compaign of whether or not management
> would handle properly. I believe he called it a hole in the pocket.
> In other words you could spend too much and not get enough return
> on investment. The best part about the Ad campaign as per Mr. Amobi's
> comments was the fact of telling people SIRIXM did not go bankrupt
> and the product still exists.
>
> All of the above disputed Satwaves points and noone reported about
> them on Satwaves. I agree thestreet and mf lost their credibility
> and now I believe Satwaves did as well.
>
> So "newman" you will hear from me or you know what you just did.
> So go ahead and defend.
>
> And sorry Jerrold I have to disagree with you for the first time
> as well. Satwaves reports exactly the opposite as thestreet and mf
> because when given the opportunity to report the results of the interview
> with Mr. Amobi they did not.
On Nov 16 11:26 AM Pell wrote:
> Connorport I do not disagree but why do you think institutions would
> break internal rules of investing in companies with this low of a
> share price. I think recent upgrades took them out of the speculative
> realm (Not sure), could that be a reason for exception? After all
> in these times why break more rules and open yourself to further
> critique..
>
> I do however hope you are correct because it would be a major plus
> for us longers.
While i agree that the reporting of Satwaves is definitely biased (not once have I seen a negative article or point against SIRI), it does seem like some healthy balance to all the anti-siri biased news on the street.com and Motley. But instead of letting it piss you off, I think you might want to accept that the only unbiased opinion will be your own (save yourself from any brainwashing either way). Those who can't see that this site is pro-Siri and fall in love with the company instead of see it as a piece of paper as some investors can will only help to make my piece of paper worth more money.
On Nov 16 10:22 AM Pell wrote:
> Thanks RealityofSiri
>
> I do believe this is a good stock and I am long.
>
> You said it better than I could ever attempt.
>
> More and more people are chiming in now on the facts. If you are
> not employed or brainwashed by SatWaves, it is time to start free
> thinking on who has the alternative motives.
>
> Be careful.
>
> On Nov 16 10:06 AM RealityofSiri wrote:
On Nov 16 09:09 AM JPearce wrote:
> Hurrah! Mel Karzin is to be on Fox news today at 4pm with Cavuto
> discussing "SiriusXm turna-around. It will be interesting.
> " RAF" I hope you will do the the post show commentary for us. <br/>
>
> Go Sirius !
Well said VicBC
On Nov 16 12:00 PM VicBC wrote:
> Pell and Reality,
>
> While i agree that the reporting of Satwaves is definitely biased
> (not once have I seen a negative article or point against SIRI),
> it does seem like some healthy balance to all the anti-siri biased
> news on the street.com and Motley. But instead of letting it piss
> you off, I think you might want to accept that the only unbiased
> opinion will be your own (save yourself from any brainwashing either
> way). Those who can't see that this site is pro-Siri and fall in
> love with the company instead of see it as a piece of paper as some
> investors can will only help to make my piece of paper worth more
> money.
The internal policy of most institutions do not allow or assign analyst the task of evaluating "penny stocks' or stock perceived to be speculative. At least the size institutions who have the money to invest in large blocks. If they are not allowed as a compliance issue such as financial entities (insurance companies and Banks) the Board of Directors typically do not want the money at risk nor do the shareholders.
It is these types of firms we as longers want to be investors.
On Nov 16 12:00 PM VicBC wrote:
> Pell and Reality,
>
> While i agree that the reporting of Satwaves is definitely biased
> (not once have I seen a negative article or point against SIRI),
> it does seem like some healthy balance to all the anti-siri biased
> news on the street.com and Motley. But instead of letting it piss
> you off, I think you might want to accept that the only unbiased
> opinion will be your own (save yourself from any brainwashing either
> way). Those who can't see that this site is pro-Siri and fall in
> love with the company instead of see it as a piece of paper as some
> investors can will only help to make my piece of paper worth more
> money.
On Nov 16 12:22 PM JPearce wrote:
> Is anybody interested that Mel Karmazin CEO of SiriXM will be on
> Fox news live at 4pm eastern time today with Neil Cavuto. This will
> be first time for me to see Mel live and receive first hand information
> straight from the horses mouth. Ive always relied on seeking Alpha,
> RAF and others to learn and try to rationalize the future of SiriusXM.
> I hope all bloggers will watch Mel today and post their observations.
> Long on Siri!
So, they will write an article about how the pre-orders for the skydock were huge when some satelite radio store guy lies to them on their interview, because that is what they want to promote......However, when Tuna Amobi says the skydock won't be that big of a deal as far as getting new subs....that is not somethiing SATWAVES will want to promote...so no article..Satwaves wrote an article on how the Skydock would sell worldwide...People in China and Switzerland were waiting for its release!!!Retail stores wouldnt be able to keep it in stock...etc...Tuna had a different view..so....All they will report on TunaAmobi views is his price target of $1.00...everything else is irrelevant for their agenda....That is fine....We are free to point out the realistic truth on these non satwaves blogs. Pell, you are usually good at doing that...but this issue is over. We said our views...let it rest....This was a good article today and neccessary...Add to that you are attacking the wrong author....
On Nov 16 11:26 AM Pell wrote:
> Connorport I do not disagree but why do you think institutions would
> break internal rules of investing in companies with this low of a
> share price. I think recent upgrades took them out of the speculative
> realm (Not sure), could that be a reason for exception? After all
> in these times why break more rules and open yourself to further
> critique..
>
> I do however hope you are correct because it would be a major plus
> for us longers.
We need big time longers. And as usual connorport I love your insight.
On Nov 16 01:23 PM connorport wrote:
> Certain institutions can buy at any level. You see different funds
> that trade an array of stocks and some of the funds trade into speculatives
> and other potential high risk stocks. The larger more well known
> funds usually have lower branches with higher risks but separate
> from their long growth funds, etc..
The interview will be on regular Cable Fox news at 4pm eastern time. I do not receive Fox business news either. Hopefully you will be able to watch it.
On Nov 16 12:10 PM R A F wrote:
> JPearce: Unfortunately, Cablevision does not carry Fox Business
> News in our area, so I will have to wait for your review of the Karmazin
> interview. Please let us know how this went. Thanks.
My subscription ran out on my new car-When it was supposed to in fact
I called the 1888 number and bought a new subscription.
T'was easy.
What are you all arguing about-Afghanistan and Health care are a bit more important-Dont you think
Looks like some of you need to seek a missionary job with all of your free time.
Do some good for someone else other than your obvious self absorption with this company.
By the way - I just checked Satwaves and Demian Russian has an excellent article about the new 30 second ad for Sirius XM that began running yesterday: "All Shook Up". There is a video clip of this ad provided - and I think it is superb - definitely conveys everything Sirius XM is about with real impact. This is clearly an important step up in the marketing program - This company is really on its way now.
On Nov 16 01:54 PM JPearce wrote:
> RAF
>
> The interview will be on regular Cable Fox news at 4pm eastern time.
> I do not receive Fox business news either. Hopefully you will be
> able to watch it.
Conrad
On Nov 15 08:54 PM Jerrold Williams wrote:
> I was able to see the SIRIUSXM commercial during a football game
> today. Good use of iconic figures , Jordan, elvis, Stern, Richard
> Pryor, to catch peoples attention. Hopefully more commercials with
> radio personalities to come....Catchy Elvis tune also.....
>
> Tomorrows Oprah tv show has Sarah Palin...a HUGE rating is expected....I
> wonder if SIRIUSXM can afford to reach that market? we will see tomorrow......I
> hope they swing for the fences with these promos!
Great relationships within the auto sector - satellite radio will be in 60% of cars produced in the U.S. The 17 month delay in the merger really kept company in limbo but the business plan is now working extremely well and propelling this recovery. in sum - he feels this is revolutionizing radio and he is totally committed to seeing this through - a very positive interview over all.
It's all about FREE CASH FLOW and CONTENT.
On Nov 16 01:54 PM JPearce wrote:
> RAF
>
> The interview will be on regular Cable Fox news at 4pm eastern time.
> I do not receive Fox business news either. Hopefully you will be
> able to watch it.
On Nov 16 04:46 PM R A F wrote:
> JPearce: I don't have time right now to summarize this but I did
> watch the interview and it was excellent. I will possibly provide
> some specifics tomorrow but - summing it up - all very favorable.
> Company will generate increasing free cash flow through 2010 and
> this gives them lots of opportunities to pay down debt, possibly
> buy back stock, pay properly for great content, etc. Revenues are
> substantial - trailing revenues of $2.5 Billion are significantly
> greater than their perceived competition in the radio industry.
>
> Great relationships within the auto sector - satellite radio will
> be in 60% of cars produced in the U.S. The 17 month delay in the
> merger really kept company in limbo but the business plan is now
> working extremely well and propelling this recovery. in sum -
> he feels this is revolutionizing radio and he is totally committed
> to seeing this through - a very positive interview over all.
>
> It's all about FREE CASH FLOW and CONTENT.
>
> On Nov 16 01:54 PM JPearce wrote:
On Nov 16 05:10 PM JPearce wrote:
> I also watched the interview and was impressed with Mel's straight
> forwardness. He also the mention competition of a merger between
> NBC & Comcast.. Mel felt that better days are still in front
> of SiriusXM with Positive cash flow starting in 2010. Mel seemed
> to be truthful when explaining it takes money to keep a high paid
> talent like Howard Stern when others question of paying too much
> for top rated talent. I took from this interview that SiriusXM is
> on the way up that the worst is behind us. Hopefully February 4th
> quarter will be cash positive for all us long SiriXM investers. I
> took Mel at his word. He seemed to be upfront ,honest. and straight
> to the point. I didnt hear him say anything about a reverse split.
> I thought it was a very good interview.
I agree with everything RAF said. Positive cash flow would be great if finally attained in 2010 and the stock buy back and debt paydown were great comments. Thats the kinda of stuff investors want to hear.
Although lets be serious fellas he wasn't gonna say any thoughts on the reverse split, nor do I recall him pushing the SKYDOCK. I could be wrong on that point since I got out of he car momentarily.
But I think we need to see more of Mel and would actually love for him to be interviewed by Howard Ster. He joked about that. Mel's presence and pep talks on the Media circuit is what we need to see.
I sure hope they look into the Fool, The Street, NAB, etc. agood start point would be the Stock shock movie.