Cramer Doesn't Say What Radio Stockholders Want to Hear

By Charles

This is the first time that I remember hearing a beaten tone in the normally energetic/optimistic voice of Jim Cramer. In a recent video on TheStreet, Cramer said that “the next 4 days are crucial” and that “If it is not ruled on by June, this may go to September.” Not exactly the promising news stockholders were looking to hear.

Jim went on to note that, at this point, a delay is actually worse than rejection since these companies are hemorrhaging money and the possibility of interoperable receivers in next year's automobiles looks grim. What was really depressing is that he mentioned Clear Channel (CCU) as a possible suitor for a freshly bankrupted SATRAD company. What a sad, sad, day that would be.

“The FCC did something brilliant; they may have solved the decision for them, by delaying.”

Comments

[losingshirtonsatellite]

tyler why so curt of an article and what do you mean???

[losingshirtonsatellite]

CRAMER is the same sonofabiotch who was saying as late as a month ago that sirius was going to $5! ANYONE and ANYTIME you listen to him, your investment in the stocks he pumps gets destroyed..he calls himself a guru/..hes a crook and a scam..the callers who 'call' into his show are his FRIENDS..ponzi artist he is...anyways tyler, WHAT DO YOU MEAN BY YOUR ARTICLE NOW? ARE YOU NOW BACKING OFF YOUR BULLISH THESEIS AND SAYING THE SATELLITE GUYS ARE GOING TO FAIL...A.K.A GO BUST????

[fxtrader07]

Amazing, how many people still waste their time and energy on a clown and crook like cramer. (myself included because i read this useless article and commented on cramer. and that's why i exit already and leave cramer to his own stupid blabla)

[losingshirtonsatellite]

FX..youre right..cramers a crook and a scumbag...tyler, i dont get your article..are you changing your stance..are you now bearish on satellite?

[shure46]

I also watched that cramer video , and he might be a crook ( I have not listened to cramer much ) , but i did find it interesting ( and scary ) that he seemed to imply an FCC / Clearchannel plot to take over XM/Siri ......interesting because I have felt like maybe the FCC is not going to just greenlight the merger after taking all that Clearchannel bribe money .......THAT would be unethical

[Disappointed American]

Fu FCC

[jimmydasaint]

I've said this for a week, so I hope people start taking these accusations seriously. I have one question?

How can we SUE the FCC for unethical business practices? Would we have to start with a securities exchange attorney?

The FCC should not be allowed to destroy companies like this!

We need everyone that invested in these companies to pull together on this one and file a class action lawsuit against the FCC if this in fact continues to drag on!

[losingshirtonsatellite]

tyler, how do you tout these satellite stocks for 2 years only to see them drop 50% form where you recommended them?? you are doing all your readers a disservice and your investing 'acumen' has proven you to be an ignoramus..you have now gone into hiding as you dont even post on this board..you only send us DOOMSDAY cramer quotes on these stocks..that sonofabitch was screaming sirius going to $5 last month

[cash money]

I hate Mad Money and Cramer. Fast Money is a lot better show. Cramer is always wrong.

[cash money]

I hate Mad Money and Cramer. Fast Money is a lot better show. Cramer is always wrong then apologizes for it.

[jmb476]

I would definitely like to be involved in a class action suit. The DOJ did all the hard work for the FCC. There is no need to stall other than corruption or stupidity at this point.

[cos1000]

Jimmydasaint.....I am not a lawyer, but I do believe, like other public officials and appointees representing the "Publics Interest", such as, Building Inspectors locally, and Federal Employees and Agencies, you can't sue them without their permission which sounds ludicrous. Except in cases of "gross negligence", which then would have the "Official" removed from office first. I believe the rational is that these positions are publicly funded, making suing them, like suing yourself as a taxpayer. In the end we would just be paying the lawyers that defend the public agency, and the lawyers that we would need to plead our case, and then if we win, we could pay ourselves with our own tax dollars. Looks like we would just get Screwed Again.

[cos1000]

As far as the article goes: Old news Tyler, but that's because, as you have explained before, it was picked up by Seeking Alpha today. I saw this on your site, SIRIUS BUZZ, yesterday.

[ace22]

Jimmy, if you make any progress let me know i would be interested the fcc is intentionally stalling for there own bennifit. They keep saying there going to make a dession soon which keeps the longs holding on in hope. I dont understand y mel hasnt done anything this is bullshi t!!!
p.s. Tyler hang in there we need you at high spirits

[JR-Boston]

Tyler,

XMSR's debt offering is indicative that they think they will receive very, very soon. It also is a frontal repudiation of one of GS' main issues, that the company can't access capital without being very dilutive. Their convertible debt has been trading at this level for the last few weeks, and I would think that this is a very good sign that they can access capital. It does also mean that the convert holders don't expect this debt to convert at its strike price of 20 or 4.35 for siri stock. that's fine. One thing at a time. Merger approved, cut overlapping cost and contracts, refinance early next year with better financial outlook. That's the game plan.

[killerkaul]

Tyler...... Isn't it predictable how the whiners flock to post when things don't go perfectly their way, you'd think they thought my mentor Jim Cramer and yourself were gazing into a crystal ball. Jim has made me a lot of money. At times I have disregarded his advice {a level of greed was usually involved}, most of those times I lost money. At these times I looked around for someone to place the blame on...... like most of you would........ unlike most of you, I usually arrived at the proper person to blame......MYSELF!!!!!... I'll say it again for you people with your faces scrunched up, mouth in a pout, and fat fingers stuffed in you ears.....MYSELF!!! Look to yourself for blame when not doing enough homework, or investing in any hail mary/speculative stock. There's a huge amount of dirty money involved here, and the filth on the take will stop at nothing to destroy the sat industry. No one can see every curve they will throw, trying for the ultimate prize. This is a very, very serious game. If you haven't the stomach for it ....get out now, and lick your wounds. I, for one, am sick of hearing you misplace blame, and your incessant infantile whining.................. Pathetic.

[killerkaul]

Cos1000....163888........ What do you think the chances are for the doomsday scenario Jim Cramer thought of, playng out, vs a vote in favor of the merge in 3 days. Or longer??????? Thanks. Missed my buy yesterday, looking at price today....maybe as low as 1.75.

[cos1000]

For anyone whose is interested in seeing a well researched break down of XM's current debt situation, 163888 has detailed the current situation nicely, right off the companies financial reports. Go to Tyler's article on "Seeking Alpha": "Where's the Bottom for Satellite Radio Stocks": June 25th. and scroll all the way down to the end of the comments.

[losingshirtonsatellite]

CRAMER SHOULD BE ARRESTED THAT FUKIJNG BASTARD..FIRST SIRIUS IS GOING $5, NOW THES ESTELLITE GUYS ARE GOING TO BE INSOLVENT..HES SUCH A DAMNED LYING CROOK!!

[RReagan]

To ask a question at this point, Why would Sirius want to go throught with the merger? Take it off the table and beat XM into the ground. Therefore, no concessions to the worthless FCC, no additional debt load from XM, and then sign Oprah and MLB to better contracts in a year or so, when XM folds.

I would rather Sirius take it off the table now, but if now, just have the FCC vote up or down today, and lose. If necessary, Sirius can find a buyer as has been discussed here in the future. Certainly, XM will be bought by Clear Channel or someone and approved by the FCC in record time! Oh well, here goes Oprah!

[killerkaul]

163888...... I read your post on the previous Alpha article Cos1000 mentioned above. You continue to amaze. Well done!! It answered many of my questions. Thanks. Losershirt.... refer to my above post, it is info you could well benefit reading several times.

[cos1000]

I think Cramer is using his celebrity to try and paint as gloomy a picture as possible for to pressure the FCC. I also think he has nothing to lose and has put himself in a win, win situation. If the deal goes through he helped the companies by bringing attention to these companies and their plight. I it fails to go through by the end of June, he can continue to throw stones at the FCC and start to change his position on these stocks. He's and entertainer, a smart guy, and a survivor. His folks at The Street.com feed him some good information on current events and the stocks that are effected by them. I tend to prefer Fast Money because of a more diverse perspective on each idea thrown out.

I personally am sticking with my earlier posts and am not concerned about June 30th. I have said that I want to see an announcement at or before the July FCC Open Meeting and that I think that the decision will be for the merge. All the speculation at this point about bankruptcy is premature and represents very justified "hand ringing". No one wants to lose their investments in these companies. There are a lot of options available to both companies that do not jeopardize what's left of shareholder interests if the merger doesn't go through. So I will be patient and wait for the decision. My last purchase of 2k shares of Siri was made yesterday at 1.86. I have nothing left to do but sit and wait and wring my hands with the rest of you, but don't PANIC because of CRAMER.

[Tyler Savery]

For All.....

The above article was written by my partner, Charles, at Sirius Buzz, and not myself. I am sending an e-mail to S.A. alerting them to the situation, as the article is attributed to me even though I did not author it.

Tyler Savery

[cos10000]

This is exactly the kind of value-destroying rhetoric I was addressing in my earlier postings. Messrs. Savery and Cramer have projected themselves to individual investors as bullish "gurus" on satellite radio. Now that my long-standing skepticism about these companies is being born out, both gentlemen have egg on their faces.

I asked several of you repeatedly, including Mr. Savery, to give me your price ceiling on SIRI, and your rationale for it. None of you could. I firmly believe that few if any of you bother to study their 10-Ks. You were all treating investing as though it's Vegas or American Idol. Everyone loves a winner, right?

You treat investing as though it's a sporting event. It takes critical thinking and discipline, friends. You don't become winners through cheerleading and blind allegiance to popular thinking. Many of you still think (or simply want to believe) these stocks are going to go to the moon, but none of you can articulate and quantify why you believe that. It will take losing money to convince you otherwise.

[killerkaul]

Losershirt2025507whine...

[killerkaul]

cont. boring.

[cos1000]

Vicar of Value (Dave)........OK, OK, OK, your Right!!!!............U... your WRONG!!!!! then we won't hear from you again. Thanks for your superior insight on these companies, while blaming others for not knowing what their doing. Your just another "Johnny Come Lately", berating us all for our stupid investments. Thank you.

[cos1000]

losinshirtonsatellite.... doesn't have a dime in these stocks, just for your information.

[cos1000]

correction: Vicar of Value doesn't have a dime........

[cos1000]

correction: Vicar of Value (Dave) ....Until you WRONG!!!

[cos10000]

As greedy individual investors, you all simply gravitated to confirming evidence (others in prominent positions parroting what you already believed or wanted to hear, namely Messrs Cramer and Savery) while openly berating the voice of dissent (yours truly). Now that you have all lost considerable sums of money, do not point the finger entirely at your self-appointed "experts" in satellite radio. You bear responsiblity for your own losses by investing carelessly, and treating the process as a game rather than the serious discipline that it is.

[killerkaul]

Losershirt............... will be very, very..............verr... conservative in saying in all seriousness, that I will make a money bet with you, that I have at least six times the money tied up in siri stock that you do. I will wager $1,000. cash money. Name your terms and who you would like to have hold the money. Let's dance.

[Tyler Savery]

Vicar....

I did respond to you, but perhaps you missed it. For the benefit of readers I will repost it here.

Jun 26 07:39 AM

Thanks for the comment. The answer to some of your questions have been written about or discussed in the past, but here is a very brief synopsis:

1. While I do post information about what analysts are saying, I am not parroting them in my own opinion. There are many analysts that I disagree with in several ways, inclusive of Goldman and CITI (the most bearish and most bullish).

2. I have never appointed myself as a "satellite expert"

3. I have stated many times that the upside is a long process, that there would be heavy selling on the way up, and that it would take a "perfect storm" to get to pre-merger levels. That task is even more difficult now. I do not give "buy prices" or "sell prices".

4. This article was not about the accuracy of Goldman, but rather the attention he has received from the street, and will receive again with his next report. Some of the items i disagree with Goldaman about I have expressed in the past.

5. $1.50 is a possible bottom, but it is also possible that the bottom has already happened. A lot depends on the FCC news, as well as what Wienkes does with his next report. He does have the ear of people, so even if someone disagrees with his thoughts, they should listen to what he says, and when he says it.

6. The top. As I have stated in the past, this equity will have challenges getting through the $3's even with everything going swimmingly. Longer term, we will need to see the terms of the merger, how fast synergies can be realized, a few quarters of joint performance, and get guidance.

[killerkaul]

Frog............... in case you overlooked it the first time...... who would you like to have hold our $1000.00 wagers??? Ribbitttttttttttt.

[connorport]

Why is everyone attacking analysts?..is it not analyst JIM CRAMER who told us to never listen to analyst but ourselves. everyones mad here because of the hick up in the giddy up and go of this stocks move to the north. nothing sold means nothing lost. hang on to your shares of sirius and wait it out. maybe buy some more in this "blue light special environment". these are billion dollar businesses and believe me, these guys will have things ready to pop after the merger is complete.

compare a company to an airline flight, if you see the first officer bail out then things will probably be bad. if you see the captain bail then things are probably about over. in this case the whole flight crew is still intact and we have all just hit a few turbulence, and we're all a little nervous about the couple of people that are negative nancys and making a little noise and remember these people are not "pilots" so they do not know of anything that goes on in the cockpit.

If the crew doesn't look nervious then i don't worry. we will make it to our final destinations. lighten up people..

[Sirius Fan]

If memory serves, it seems to me that no one has ever said that SIRI/XMSR were anything other than SPECULATIVE stocks. For those of you who have no clue what that means, here are a couple of links which may clarify what that means...

www.merriam-webster.co...
www.merriam-webster.co...

Investing in speculative stocks often carries a much greater risk of losing your entire investment than it would investing in already established companies, and name-calling, taunting, accusations of thievery, etc., are absolutely pointless and completely unfounded.

Tyler, Stan, et. al., while admittedly being on the proverbial "sunny side" of the speculative street, merely attempt to keep us informed of the comings and goings relating to these companies, and offer their opinions regarding such happenings. I have never seen them claim to be anything other than writers covering the sector.

In short, IMHO, if you have no money invested in these stocks and are merely here to stir the pot, I suggest that you are a miserable human being and need to find something more productive to do with your time. Otherwise, if you're merely looking for someone to blame for your position losing it's value, you need to look no further than your closest mirror. That's the person who invested in a speculative stock. If you can't stand the heat, get out of the kitchen, and go find a nice safe annuity somewhere.

[killerkaul]

Cos1000..... You may be right on Jim Cramers video strategy...I would like to think so. Thanks.

[dave010a]

When the hell are these idiots at the FCC going to vote? I know they've waited 16 months, but is there no sense of urgency now that Martin has expressed his support?

When will they vote? Predictions/speculatio... don't care; I want it! I've got to cling to some kind of hope in this mess.

[dave010a]

By the way, it's like the freakin' Donner Party here. We were all on a merry trip until things went bad. Now we're trying to eat each other.

It's time to stop attacking our own and focus on strategy with this stock.

[MT1257]

Sue the FCC...................... of Americans are at a loss because of Martin..

[MT1257]

Sue the FCC and Martin.We need to invetigate all officials connected to this merger.Martin is stealing millions of dollars from investors who have no say.This country is in a finacial tailspin and Martin is one of the pilots.