Satellite Radio: Betting on Used Cars 113 comments
-
Font Size:
-
Print
- TweetThis
I receive a lot of e-mail regarding the potential of satellite radio in the used car market. While I agree that there is a market there, I have trouble trying to use that factor as a reason to look at SDARS in any manner differently.
The used car channel has the advantage of giving satellite radio potential additional subscribers on vehicles that already have the radio installation subsidized and paid for. This makes that potential subscriber more profitable to the company, but how is that success measured? The lack of the ability to measure this metric always makes me discount it from an investment perspective.
Instead, I try to focus on the metrics that can be measured, and have more predictable results. I look at this used car market as an added bonus should it develop into something more measurable that adds to the bottom line.
While I do feel that SIRIUS XM Radio (SIRI) should try to market to these potential subscribers, I also recognize that there is no guarantee at this point how successful the marketing campaign would be. How much money should be spent in an effort to get an unknown amount of subscribers?
In order to get to their stated goals, and in order to impress investors, SIRIUS XM Radio needs to offer demonstrable results, and something that everyone can sink their teeth into. I view the used car market as having great potential, but am not hanging my hat on it. Results in this sector are in my opinion an added bonus.
What I feel will happen is that Mel Karmazin will get into a heavier marketing to this segment a few quarters down the road. The company is already addressing the certified pre-owned market, and that can deliver measurable results via reporting from the OEM’s. Extending beyond that too quickly, and investing heavy dollars into a program that is at best an experiment is not a move that I see Karmazin doing right off the bat. Given time, this market can develop further. Many potential subscribers may well activate via exposure to existing advertising.
The bottom line is that the used car market will develop with time organically. Know that it is there, and understand the potential, but in my opinion, don’t use it as a foundation for placing your bets.
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 113 comments:
I've enjoyed reading many of the comments by most of you all and appreciate the additional information and insights/feelings about this company.
To VoV, what are you doing here? If you don't have a position on this company, why troll these articles?
To VerySERIOUS, you really don't need to bash Tyler, he's disclosed his position that he's long, he will probably try to see the positive in this company going forward, it's his opinion/research, get over it please.
About me, been buying both SIRI and XMSR since 2003, and averaging down like the rest of you longs. hopefully we'll see you on the happy side soon. Best wishes for all.
I'm not happy about the price now either, but I did my own research and came to the conclusion that I wanted to invest in this company so I have only myself to blame. I still think siri is a good company and will turn it around, but it will take time and I'm willing to wait it out.
I appreciate the insight from Killer, Cos, 163888 and the like!
I'm glad I took the advice.
I'd like to see it go down to $.50, then it would be time to buy 20,000 shares and wait for a nice payday.
Good luck to you all!
Once they made there money they got out.
That's smart investing!
Why?
Because the short all knew this stock will amount to nothing after the merger.
Winkie, Winner, hot dog or what ever his name from GS was right.
No one wanted to listen, everyone just bashed him called him names & said he was with the NAB.
LONG
SHORT
However you make a profit it's fine !
But I'll continue to play the waiting game even if it takes two or three years for profits to show themselves.
Right now, too much risk than I'm willing to take on with $10,000.
Trust me on this I have said it many times look at the last few quarters the revenue from the new subs has been for the most part going to the bottom line cost are not going up they are coming down remember when I talked about this happening like a light switch, it is happening now. Look they just went from a loss of 79 million on EBITDA to 24 million loss take that a year further and what do you come up with even with out the 400 million in savings. I see by this time next year without any savings it going to 25 million at least in the positive, by the way for the first time ever being positive. That would have happen on a stand alone basis without any merger. As a matter of fact it would have happen much sooner, if the merger were not even mentioned and their hands were not tie for the last 17 months. All I am saying is, as a true long, I am happy as can be the merger is over. Believe me the best is yet to come. Even as Mel said, usually getting the merger approved is the easy part, making it work is the hard part. In this case, it was getting the merger approved that was the hard part, and getting it to work is going to be the easy part. I will leave you with this, Mel has always done what he said he would do and almost always ends up doing more.
I took all the information available to me and made my decision and I'm ok with it. Do I wish it was higher, yes, but that will take some time and I do see the light at the end of the tunnel like most people on here. I've been averaging down like most and I'm comfortable with my position.
I understand yes $10,000 is a large amount. Hopefully you will get some of it back. I know that hurts .
Oh, I almost forgot, there is one more thing: I bought in with the attitude that I'll either lose it all or make a ton of money with no in between. So for those that have lost on paper, you have a choice: Hang on, or, sell at a loss, lick your wounded nards, and move on....
Scot's Slant
What is the price at right now?
Enough said !
That $10,000 is still on the sidelines....I'm waiting for siri to go below a buck. Or for the company to show profits. i'm just hoping it all aligns perfectly.
Good luck to you !
[This comment has been edited for bad language. The author does not control the comments on Seeking Alpha. This user has been, and will continue to be, banned by Seeking Alpha editors for continued bad language and inability to understand the rules of civil discourse that govern comments. - SA Editors]
Ok !
Those that are Long, if you are right on this you will be living the High life & retire. The rest of us continue on our 9 to 5 jobs wishing we were long.
If the Shorts are right. You just saved yourself from a big loss.
Who knows time will tell!
Tyler your the best. Thx for all you do.
Run Blue Dog RUn
Chapter 11, it's just a name !
I'm Not kidding look it up.
It's in Agoura Hills , CA
The Vicar
of Value
Aug 08 03:00 PM163888: My commentary is more intelligent than your investment choices. I never said this co. would go bankrupt.
I will once again show how he lies:
The Vicar
of Value
Aug 01 07:06 PMThis is a rationalization of a poorly-considered investment strategy. Professional money managers and institutional investors have studied this company thoroughly. They're steering clear of this stock for one reason: It has an unfavorable risk-reward profile. The upside probability is scant compared to the risks the stock will eventually be worthless. Furthermore, there is the opportunity cost to consider: There are too many other more attractive investments out there that offer substantially higher return for a given level of risk. Read the tea leaves, my friends. You're swimming upstream by owning this stock, but your pride will not allow you to admit your mistake. The market, however, will do the convincing.
The key words there are "stock will eventually be worthless." what else does that mean.
Then he says this:
"The Vicar
of Value
Jul 01 11:49 PM Remember, gentlemen, that these companies have billions in debt, negative shareholder equity, slowing subscriber growth, and billions in accumulated losses. Those are some pretty substantial headwinds. I contend that these companies don't have enough time to ride out the economic storm. They've pushed their profitability forecasts back repeatedly since their inception. More of the same is coming, but there will come a point when the capital spigot will run bone dry."
What else did he mean when he said this: " but there will come a point when the capital spigot will run bone dry."
Next he said this:
The Vicar
of Value
Jul 01 09:38 AM Thanks for your positive feedback, Shure. I'm certain you'll be fine.
Just keep in mind that these are heavily leveraged, unprofitable companies with limited operating histories and substantial potential for shareholder dilution. Their upside is limited, and downside is zero.
What does it mean when a stock price is zero.
Next he said this:
"The Vicar
of Value
Jun 26 06:08 PM I've been urging you to curb your enthusiasm for these stocks, as they have little upside, and downside is zero. You didn't want to hear that, so you tuned me out and dismissed me. Now that my advice has been vindicated with substantial retreats in the stock price, you taunt me. Research does not drive stock price. A profitable business model does."
Now once again what else could he mean by go to zero. I also want you all to take a look at the date, it was when the stock went to 1.8 the first time then went to 2.7 and once again I'll say it, were was he then. Thats right not one word, not even a peep. Until it went back down. Why, well that is clear he had no clue, at what it would do. Other wise he would have still been there saying it would go back down.
Next he said again the stock had little up side the stock was at 1.8 and went to 2.7, 2 weeks later and what a surprise we heard nothing from VicDave until it went back down:
The Vicar
of Value
Jul 08 02:54 PM Reagan your best hope is to break even. SIRI has little upside.
Next I just put this in to show how wrong he has been:
The Vicar
of Value
Jul 11 04:33 PM The Vicar has said before and will repeat: No vote in the foreseeable future. This is a big pocket veto occurring, and you all continue to deny the obvious. Why prolong the agony? There are so many better opportunities for your money.
Now that was on July 11th he said that. There are other comments where he has stated that not until at least Sep. would a decision be reached at the earlest those were even closer to the decision anouncement. He has also said that there would be more concessions added to Martins, that they would be to big for the company to be able to deal with such as HD being included. (Something I have always said would not happen and that the concessions would be basically what Martin gave. That Tate would want more in the area of inforcement issues.)
So as I said VicDave has been proven to be a lier once again. Now I suppose VicDave will say something like before about pulling up his old comments to show him to be a lier when he was the one who originally asked me to prove it.
www.678dine.com/chapte...
Mel was also unprepared to talk about marketing efforts to increase subscribers through year-end. Surely they have great plans in the works! If not they need a whole new marketing department. Here's an idea: seekingalpha.com/artic...
Finally, Mel failed to lay out a 3 year plan for profitability.
What we got waqs a standard call for the stand-alone Sirius company when the market was looking for clear direction for the combined company. Let's have a redo. Mel and his staff need to conduct a shareholders conference call within a week to lay it all out.
A quick question, and please, a straight answer: Mr. Vicar, without using "quantitative metrics", or mathematical formulas, give us your thoughts on a few opportunistic tidbits regarding company stocks that are primed to rise -- you know, this one is worth five-stars, or that one is worth four (by the way, leave anything that rates less than three off the table).
By the way, one more thing: Please don't let me down. You've made it quite clear that you hold no interest in SiriusXM, so as a trade-off, in convincing us that you know what your talking about, you owe us a juicy tangible that we can sink our teeth into.
Scot's Slant
Scot's Slant
I don't know if any of you believe in karma or the secret or visualization or the power of positive thinking or whatever you want to call it...but I believe that if all you do is bitch and complain you'll never get anything but more things to bitch and complain about.
Why don't you try to be positive for a change and you'll find that good things happen to people that expect good things to happen.
All these soccer Mamas would love to know about it
On to VicDave, if you have read all the comments hear, then how can you say VicDave knows anything. I have shown on this article alone how wrong he has been. I have shown how little his knowledge is in SIRI on other articles. I can tell you this much I can goto almost any company and give negitives and tell you how over valued they are. Lets take AAPL I could go there and tell people that it is not worth the 180 or 190 they paid for it. Think about it this way what moron thinks that stock is not over valued it was just 20 dollars 3.5 years ago before it went up to 90 then split and is now 185. There is no way I dont care how many Ipods they sell that a stock should jump from 8.9 billion to almost 300 billion in 3.5 years. Now I would have been wrong at first because it went to 200 a share but then I could say later I was right because it is 169 a share now. Get the point, I hope so because you see I know about as much about AAPL as VicDave knows about SIRI/XMSR. Even though people that have lost 30 dollars a share would be calling me a intelligent person, because I was telling them it was over valued and they should sell. I suggest you put your emotions away or they will end up costing you in the end.
On Aug 08 11:19 PM mgn wrote:
> Mel will be on CNBC Monday at 1:30 as a guest on Mad Money hosted
> by Jim Cramer. Lets see if Cramer still thinks the common stock is
> worth ZERO.
And oh, I almost forgot: Mr. Vicar, if you are reading this, there is an elementary proverbial rule akin to the 10 commandments: If you don't use that which you possess, you have sinned: In this case, it is knowledge. Share it. One catch though: No cheating: You've clearly expressed your opinion regarding SiriusXM; It's time to explore other areas of opportunity without facts, figures, nuts, bolts, bailing wire or whatever else binds your argument together. You know, Simple Simon sorts of stuff: Short yes or no answers, this company is good, buy, this company is bad, don't buy. It's an easy philosophy: Share that we may all prosper as a body of one....
Scot's Slant
1. Big money knew its going very high evenutally, post merger. They know they plans Sirius has in the future, and they agree with the potential. NO large institutional holder of this stock has sold. 70% owned by non floating shares(mutual fund, large holders,and institutions(mostly as a growth stock which is what it is)).
2. The banks issuing 250 million short shares KNEW they wouldnt need to cover. Why it beat it back after every pop.
3. After the DOJ announcement the stock performed as it should , it rose fast and within minutes was over 3.20 from around 2.70. It was going higher, but the shorts never cleared, only intensified.
4.Bad article after bad article, after bad anaylist opinion comes out, the stock is shorted again, and they contain the damage.
5. Martin backs the deal...This is the event here, actually. This gives around 99 percent chance of approval to everyone who has a clue. The stock jumped again, as it should have. Shorts didnt cover...Goldman analyist comes out right then and downgrades it, and trashes its value to 1.75(post merger, 1 dollar if it doesnt).Thats over a 100 percent disagreement with the market. Shorts intensify, stock plummets. Big bouncer holders think they might not get one now. Now everyone waits for the last bounce chance, the actual approval.
6. It comes in doses to contain the price. This is manipulation in its finest. Lawsuit might contain the FCC as an agent of the manipulation. FCC, banks, and Sirius are working together now to keep the stock low, and make sure the shorts(big money is usually more short than long, everyone knows this) are satisfied.
7. Sirius had the rules of refinancing long known(were going to need those 250 million shares.)
8. Keep all this information from the investors, never even mention the possibility that the shares might be lent, and the pop will never come(until after Martin says yes, then you hear it constantly).
9. The delayed conference call. It was delayed twice so shorts could still control the price, and get all the big money the shares all the THOUSANDS of margin players will have to sell. At max, you get 5 days to cover. Once this period was over, then they would release the report. Banks probably said, hey sirius, we need more time. The report was done, and since they didnt talk about the future, we now know that the delay was intentional, with possibly illegal intentions.
10. The news of the refinancing was understated what it actually meant for the stock value. This was to make sure no one sold at 2.75, and bought again at 1.30. You see you cant have that, those shares arent for you, there for insiders only. How dare you try to make money.
11. End game. One day out of the blue, with no warning you will hear a piece of catalysitic news that will gap the stock up, passing most triggered buys. This will phase out most small investors from value. Leaving the only way to make money on this stock now, as blind faith, which is what they want. Since most people wont hold a large amount of cash in a company on blind faith, they sell, or move on. There you go. Hold, dont sell, dont buy on margin, and you can beat the system. Every stock in the market has a game and a system and a timeline on when things can and will occur. You either get lucky, or you know what they know. Or you use blind faith. Happy investing, and listen to Tyler, just know he cant talk about the things I can.
Listen I have been in this stock long enough that I have seen it trade in a channel of .85 to 1.15 for some time. I have seen it go as low as 60 cents all the way past 9 dollars. There is one thing I am confedent of and can guarantee, that they are much much better off now then they were back then.
Now as for the asinine idiots that want to listen to people like VicDave and sell because they think it is going bankrupt, that is on them and noone else. As I have always said you lose nothing or you have made nothing until the stock is sold. For example I could have been 90,000 dollars richer if I did not stop selling at 8 and kept selling at 9. (that was my own greed) Now did I think at the time I made an extra 90,000 dollars at the time, NO, I did not because I did not sell it yet. Now have I lost 80,000 because I did not sell, no. I just lost that opportunity to make it. Have I lost anything when I started to buy back at 4 and lower, once again NO, not unless I sell the stock.
Here is some information once again for the idiots that cant get it through their thick heads. The stock price, has little to do with weather they are going bankrutp or not. A perfect example is this company was trading at .60 cents and lower for about a year, 7 years ago and they are still in business today. The metrics are improving greatly and if you cant see that, then you deserve what you get. When you are pissing and moaning about how you missed the boat because you sold for a loss. Just remember, " I TOLD YOU SO". I usually wait to say that, but chances are you and people like VicDave will not be here to read it, so there it is.
1. Just about every reporter, blogger and analyst supporting Terestrial Radio and the Shorts is taking every opportunity to talk down the company and misrepresent the company's "stand alone" numbers, debt, and the auto industry's woes impact on SAT RAD. No combined #'s have even come out or have been accounted for and won't be for three months (end of the quarter plus one) November 1st about.
2. The lack of a clear understanding of the recent XM debt refinancing and the collateral shares lent by SIRI has been great fodder for company opponents and has effectively destroyed the stock price in the short term. Weinkes, GS, has used it to now take the stock price target to a $1.00 and it seems that he is the only analyst that matters.
3. Every Retail Investors' Guardian and Educator (and I say this facetiously), Jim Cramer, has turned on the company over the last two weeks supporting his buddies at Goldman Sachs. The same "Entertainer", when the stock price was $2.60 said the stock would most likely go to 4.50-5.00 after the merge is approved. He was equipped with the famous FCC "Watch" clock and everything. Day of the merger, he said it was a "$2.00 lottery ticket". GS must have got to him about the financing. Now to our hero SIRI is a three year story in the making with tremendous "Head Winds".
4. The "stand alone" conference call and lack of a detailed plan outlining the future activities to increase revenue and decrease costs disappointed everyone. No one cared about the numbers. This conference call was a formality that ended Sirius Radio as we knew it. It was a "no win" meeting for Mel and Frear. A reiteration of the numbers already released as preliminary guidance for the new company. A lack luster performance, knowing that the guidance wouldn't be enough to satisfy anyone, but a required and necessary meeting just the same.
5. What Merger? Did a Merger happen? Has anyone out there in the Media or Financial community spoken positively about the potential for this company as a unified audio entertainment and broadcasting media company. Why is that? Most reporting is done on Terestrial Radio, Network TV, or Ad Sponsored News and Magazine Print. Hence the merger falls to these blogs for discussion.
This story has not been told by anyone, except the company itself and it can't give us or the media the details. Until plans for generating increased revenue in the short and long term, plans for merging of its spectrum (channel offerings), plans for retail marketing strategies and the Fall packages, the plans for employee reduction and other "back office" cost cutting are finalized, they cannot present them.
They wanted and expected Mel and Frear to stand up and tell everyone about "layoffs", while they are being decided and planned so that they actually save money. Employee payroll is a large expense, with a large opportunity for cost savings when done correctly. Employee placement, benefit continuation, consolidating the correct positions are not to be handled casually if they are to be successful. This is what is most likely being done first, hence the town meetings and confidentiality related to the action. It will have an immediate impact on the bottom line and can be easily projected YOY for a direct cost cutting impact.
Employee related expenses, advertising, sales, and marketing expenses, and the additional $4 revenue for "Best of Both" will impact this year, 4th quarter, and will be given as revised guidance after "Labor Day".
The last six months have seen growth in Institutional and Mutual Fund Investors of 2.2%. There has been rotation but an increase interest just the same. Institutional investors represent a mere 33% of shares held and 34% of the Float. The turn over is relatively slow with these investor groups. The biggest investor churn is the Retail Investor who buys and sells this stock every day. With all of the negative news, and an increase in short positions, Cramer and Weinkes outlook, it is no wonder that retail investors on their own are frightened by what they hear and sell at the wrong time.
If you were in it for the pop, it never happened thanks to Cramer, the spin on the Debt Refinancing, Weinkes and all the shorts who are in control of this stock in the short term. Most longs are all in and have little control over the stock price. Now is the time for patience not panic. If you were in on margin, look to yourself and the outline above for your woes. If your a Long and you have waited all this time, when the plans start hitting the street, the stock will start to move up, slowly. The analysts will, just as quickly as Cramer, change their opinions and get on the bus. They will have an outstanding 4th quarter, not reported until Feb 09, when I believe the stock will gain positive momentum. That's not to say that there won't be modest gains after the guidance revision in September and again after the 3rd quarter.
Just my thoughts on all this. It felt good to get it out.
You seem to have more inside knowledge about stocks and how the system works than most on here. Any idea when the end game comes? This week? This month? This year? What range do you think it will go to?
That said, The Vicar enjoys sharing knowledge, but he does not convey specific stock recommendations for free. If he did, the recommendations would have no value themselves, and they would do you a disservice by not teaching you to identify them yourself. However, he offers these guidelines for individual investors to use for screening high quality stocks:
Companies with high ROE (above 10%)
Companies with healthy and increasing free cash flow (and cash from operations as a % of revenue)
Companies with healthy balance sheets that are not so weighted down with debt that the present value of the debt approaches or exceeds the present value of all future cash flows. Look for max 30-40% debt to equity.
Reasonable valuation relative to growth. P/E at or below its forecasted growth rate.
Consistently growing sales and expanding operating profit margins.
A business model that allows it to keep competitors at bay and earn outsized returns over an extended period.
A business model that gives the company significant pricing power over both suppliers and customers.
Porter's Five Forces matrix is an effective screener as well, as it incorporates some of The Vicar's own guidelines.
Scot's Slant, The Vicar also suggests that you read widely the usual compliment of investment literature out there, including books and magazines. The Vicar recommends Jeremy Siegal's "Stocks for the Long Run" as well as Malkiel's "A Random Walk Down Wall Street" among others.
There is a direct correlation between the amount of relevant reading you do, and the soundness of your investment decisions. The business section of your local library has most of these materials, including newsletters, for free.
The Vicar recommends avoiding any title with Jim Cramer's picture on it, or any other media caricature for that matter. He would also steer clear of books with gratuitous titles such as "Donald Trump Wants You To Be Rich" or the word "rich" in the title. These books are feel-good reads, but they will not contribute incrementally to your knowledge base. Look for the books with steak rather than sizzle. You only have 25,000 days, so why waste one reading meaningless books?
This battle has been fought and won. It is now time for you to fall in line, and join the others in acknowledging the soundness of my advice and input. Continued attempts to discredit me will simply compromise your already meager standing with others.
SIRI: BIG DILUTION FROM STK OFFER: MARKET CAP EVAPORATION
Posted by Eric Savitz
It’s game over for stockholders. 17% dilution in a single day, and possibly more to come. Combine with the price caps, the incredible debt service costs, and the fact that profits are still years away….is there any reason to own this stock anymore? Those who hold it now are delusional. Forget the analysts and bloggers - just read the financials, do the math yourself, sell your shares, and buy an index fund. You’ll make more money.
Comment by Vicar of Value - July 29, 2008 at 3:10 pm
The opponents of this stock will use Retail Sales and ARPU (Average Revenue Per Unit) as negative metrics against the combined company over the next few months until people understand what these numbers really mean.
First Retail Sales decreasing as related to the auto industry only. It should decrease as penetration into the auto market increases and with each year of SATRAD's existence (163888 has said this repeatedly). Common Sense. Also it leaves a growing untapped used car market with SATRAD radios installed already and a lower SAC, currently an untapped market bringing more revenue to the bottom line. Now outside the auto industry the new combined company should come out with a whole new product line around interoperability, the home and walk around market to name a few. This is not even in current metrics for revenue growth. End result decreasing retail related to autos and increasing retail related to "other product" lines. End result will most likely mean increased revenue not measured yet from retail sales. All you will hear from analysts is that there have been DECREASED RETAIL SALES showing a decline in interest for SATRAD.
From Weinkes ARPU needs to be consistent before he can be positive on the company. He doesn't say for how long nor does he indicate what number or range that would represent. Decreases in ARPU would first appear to mean that the margin is falling off if looked at in isolation of subscriber / subscription mix and whether or not subscriber growth is increasing. As more subscription tiers become available, the varied pricing will change this metric completely with the new company. There will not be an apples to apples comparison moving forward. Analysts who want to put a negative spin will simply state that the ARPU went down reflecting a huge negative. This clearly will not be the case. The variety of subscriptions will bring in entry level customers who will sample the product and either stay with it, add more, or churn at current rates. Either way regardless of ARPU as long as the subscriber base is growing the revenue is growing.
Having said what I believe to be what will be used against the Stock Price in the short term, there is no reason to sell this stock now. If you had some money to dollar cost average, now would be a good time to do that. If not, by the end of this year we should be back to the 2.50 - 2.80 range. That's conservative. With what we're going through right now, and oh yeah, the lack of Clarity from the company (another big negative soon to go away), I'd be happy with that by years end. As I said above when the 4th quarter is reported in February 2009, the stock, the analysts, will have positive momentum with much clearer guidance and understanding of the company's potential. Just my humble, and yes, hopeful opinion. I am and have been long this stock for many years. I have dollar cost averaged down throughout this blood letting. I am looking to retire when this stock matures in 2010-2011 or when the company is sold.
The Vicar
of Value
Aug 08 03:00 PM163888: My commentary is more intelligent than your investment choices. I never said this co. would go bankrupt.
He then said this:
The Vicar
of Value
Aug 10 03:52 PM163888 The fact that you feverishly search out and paste my prior posts in a pathetic attempt to discredit me smacks of a simmering desperation that suggests you are not completely confident in your assertions of this company's investment merits.
This battle has been fought and won. It is now time for you to fall in line, and join the others in acknowledging the soundness of my advice and input. Continued attempts to discredit me will simply compromise your already meager standing with others.
Now I feel if someone lies on something and when you call them on it and they say it still is not true. What else is a person to do but repost that persons last comments. That is what a intelligent person does. because then there is no place for that person to hide, and you VicDave have no place to hide. If you dont like having your own words used against you, then stop posting, or at the vary least stop lying. Dont blame me for making you look like a fool, blame yourself, those are your words I used not mine. Then only a fool would ask me to prove you wrong again, after I have done it so many times before. Finally the only people that believe in what you say VicDave are the other fools that got cought in the margin or sold for a loss, those fools wont be here long. There most likely the same fools that thought that the stock was going to be 5, 6, 7, 8, or 9 after the merger also.
Vicar
of Value
Aug 08 01:52 PM
No one here has mentioned the admonitions of The Vicar. He told you there was no upside. How many times did he repeat this?
and this:
Vicar of Value
August 8, 3:35PM
163888 you're fabricating distortions about my statements in order to distract attention from the fact that you have egg on your face. You can't and won't admit that The Vicar was right. This is why you lost money on SIRI. You choose what you want to believe, then you select facts that support your belief. Le pauvre bete.
Need I go on? I fail to see your contribution to the "Dialogue" :(
Second I see you from your other comment, you now think it is a compliment. You dont have to worry I will keep complimenting you. I will make sure you are complimented everytime.
======================...
Used cars