Sirius XM's CEO to Address Merrill Lynch Media Conference 45 comments
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Mel Karmazin, CEO of Sirius XM Radio (SIRI) will be speaking at the Merrill Lynch Fall 2008 Media Conference in Marina Del Ray California. The conference is scheduled for Tuesday September 9th, and Karmazin is expected to be at the podium at approximately 11:00 AM EST.
While this conference is not where the much anticipated guidance will be outlined, it is quite likely that Karmazin will be addressing some outlook for the future of Sirius XM Radio, and will be worth listening to for sector followers. A live audio webcast of the presentation will be available via the Investor Relations section of the Sirius website.
One item of note for investors is that the analyst from Merrill Lynch following Sirius XM Radio is Jessica Reif Cohen. Cohen is a pure media analyst, and has followed Karmazin-led companies for quite some time. I would look for Cohen to issue a report at some point shortly after the conference, and given that investors are looking for greater detail, this report could well offer some insight into how analysts will be looking at various company metrics going forward.
Look for additional information on Sirius XM Radio to begin to come to light in the coming weeks.
Position - Long SIRI
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This article has 45 comments:
A live audio webcast of the presentation will be available via the Investor Relations section of the Company's website, sirius.com, at approximately 8:00 am PT.
Coordination by Sirius XM and Apple, or total coincidence? Any thoughts?
I don't think the idea of announcing some kind of relationship is too far fetched.
siri is different, ...the first stock under 15.00 iv'e felt confortable with.
low pps,..medium risk,...high reward,...(nutshell).....
this knife is too close to the ground to get hurt,but i doubt it falls.
o well ....ya get the point.
As far as having risk tolerance levels, 8% down or 20% up or whatever, its all good once your position in a company is set. I have learned the hard way in the past to not take my position in a company all at once as an investor. I say investor as opposed to short term trader. As an investor short term ups and downs can sell you out of high Beta stocks prematurely. Watching the 200, 50, and 13 day moving average charts are much more helpful to identify buy points to dollar cost average your position in. Without any game changing news, it will usually give you a solid base to then set your sell price for profit or tolerable loss, once your position, has been made.
Sirius stock has a fairly high beta, 2.4. That makes it 140% more volatile than the market, and as we all know very much moved by news and investor sentiment, rarely moving with the market at all.
Right now with 3 bil shares in the float, it will take great news about reducing expenses, real and not hyped partnerships resulting in revenue growth, and favorable debt resolution sooner rather than later to move this stock from its downward trend. Lets hope that Mel begins the turnaround next week.
The culture wars are over. Move on and find something positive to say.
Couple things:
1. Learn to spell and use punctuation properly. Your message is unclear when you replace "where" with "were" and end a question with a period. You can learn about those things in a good university like Harvard or UCSF.
2. You wouldn't have companies like Apple or Sirius if you didn't have cities like San Francisco and New York. Innovation comes from people living in progressive places, so don't be a hypocrite by slamming cities that you rely on.
3. Palin and the rest of the right-wing republicans are trying to ramp up the culture wars, and you two are buying into it. I guess you both are proof on the effectiveness of advertising. The country is sick of being divided, so find another argument.
That's it....I'll now patiently wait for another one of your emotional and meaningless responses.
1. My message is unclear due to misspelled words and putting periods at the end of questions. Also my use of the word "where" instead of "were" confuses you.
If I confused you with those errors I am sorry. I do hope that you didn't pay all that money to either of the institutions you mentioned to still be confused by my errors. Reading for context, learning to spell and using proper grammar really should have happened in elementary school and certainly should have been perfected before they graduated you from High School. If that was the worst you could find in my posts then I believe I was having a pretty good day.
2. Innovation comes from people living in progressive places.
To be positive, I omitted the rest of your comment from #2. While I agree innovation comes from people, I am not sure that "progressive" places, or your or my definition of what that might be, has anything to do with it. Progressive is a subjective word, especially in the context that you are using it in. Progressive to some might viewed as regressive to others. Where innovation comes from and the people that provide it are generally dispersed throughout our society as they try to solve problems regarding their existence in some way. NASA and other of our government's scientific endeavors have provided us with most of our technical innovations that are now commercialized for the populations general use.
Although San Francisco, San Francisco County, is technically part of the "Bay Area", real innovation without a doubt is born in the "South Bay Area", Santa Clara County, where Silicon Valley resides and so too the likes of Apple, Cisco, AMD, Google, Intel and others. There are other parts of the country where innovative companies bring bright minds together to solve problems and develop products. Progressive life styles would appear to have little to do with it. There are some very non progressive, bright individuals, living traditional life styles who innovate.
3. Palin and the rest of the right-wing republicans are trying to ramp up the culture wars, and you two are buying into it.
This my friend is pure speculation on your part. First, in the assertion that "right-wing" republicans are trying to ramp up the culture wars is an opinion given in the heat of an election year. Culture again has many faces in our society and the differences are used by both parties at the extremes and in the middle. Secondly, you have know idea what my politics are and will not find out in this discussion.
By the way, I usually appreciate your insight on Sirius, it was just your (and killerkaul) cuts on SF that pissed me off.
Anyways if you read my comment to you I was pointing out that to this big country we all live in, San Francisco, is but one of many cities that are relatively important to the whole. Your sense of ownership and pride in the area you live and work in is admirable and I can respect your defending it. For you to think that Silicon Valley is the people of San Francisco innovating because where they live is progressive, is a stretch to me, but fine just the same.
My harsher comment to you was that you were declaring the cultural wars over and that is just ridiculous thinking to me. With immigration, same sex marriage, Spanish vs English, rich vs poor, blue collar vs management executive, Republican vs Democrat, black vs white, Male vs Female ( can't forget those 18 Mil cracks in the glass ceiling), to name a few of the more obvious cultural battles being fought, I just can't see what your talking about. Maybe you should be more specific.
For my own curiosity is your use of the word clerik a proper name or video game avitar. If it were spelled cleric it would have religious roots as well as book keeping or accounting connotations.
dealing with narcotics and special victims cases primarily...thnx for keeping the peace.....oops I misspelled again!!!
Killerkaul, you may have notice that I have not spoken for you in you defense. My reason is that I know You need no defense from Me.
By the way, I communicated with 163888 and he says to thank you for you efforts on his behalf. He's been following the board, WITH HIS HANDS TIED, and still holds his extensive position in Sirius and is very positive about the long term future, although he sees choppy waters over the next two quarters. Run Blue Dog Runnnnnnn!
The recent quarterly report showed the company beating the street on loss per share but without a revenue adjustment of 5.7 Mil in Derivative adjustments it would have had less revenue for 6 months of 08 compared to 07. The volume of shares traded on Friday was just over 2 Mil to move the stock 2 bucks / sh. Since Boone has been touting the technology and Cramer has pumped the stock and Pelosi's influence in the new LA Contract for LNG & CNG I think the company's stock price has a lot of Fluff and not Substance. I might be interested in it if it came back down to $7 - 8 / share but there is know reason for it to be trading this high now.
It is basically a service station and distribution company for Liquid and Compressed Natural gas in autos. It has a lot of fixed overhead, that will probably need federal subsidy, and has to play the Derivative / Futures game to hedge against the cost of its product, a Natural Gas. Its operating expenses alone went up 16% with revenues, do to the derivative adjustment (which can go either way quarter to quarter) were up 10%. In my opinion there is plenty of time to see where this will be going. Unless OEM make cars that run on these fuels, its probably not happening. The front end capital cost for conversion is significant with to long a pay back to make it viable for the average consumer. Just my opinion after a quick look.
corporate.honda.com/en...
As far as being the "spoiler", I imagine if you can work out getting from "House" pressure to what I would think would be the higher "Fill" pressure, you could earn your name "spoiler". The specks say it gets over 200 mp fill, which seems to be plenty for most commuters.
I wonder how the "crash" tests for cars on CNG or LNG for that matter are working out for them. Gasoline is volatile enough, I wonder how these other fuels fair.