Sirius Shares Priced Like Stamps 154 comments
-
Font Size:
-
Print
- TweetThis
For some it may be hard to believe, but the price of a Sirius XM Radio (SIRI) share now equates to that of a first class postage stamp. While the entire globe seems on edge about financial crisis, the good ole U.S. postage stamp has remained a steadfast staple in an otherwise turbulent world.
Whether the market is up or down, consumers can rely on a 42 cent stamp to deliver their mortgage payments, a birthday card, or a simple letter to a friend. A share of Sirius, on the other hand, delivers shareholder frustration, nervousness, and wonder about how the company could arrive at this point after merging for the better of the sector.
Debate about whether this is a good entry point could go on for days, and the current sentiment of the economy would be a major factor in that debate. Buy a postage stamp, and at least there is security and stability in knowing exactly what it will do six months from now.
For believers in the technology and the sector, 42 cents seems like a bargain, but even the most adventurous investors are tending to be a lot more conservative these days. As painful as the current price is, there is little else to do but watch. In the current market, equity after equity is taking a beating, and at this point people are so soured with the whole situation that they simply do not even want to participate anymore.
What is an investor to do? That is the million dollar question. Perhaps, at least for now, take that 42 cents, buy a stamp, and draft a heartfelt hand written letter to your senator or congressman expressing your frustration, concerns, and perception about the economy, because until the economy improves, low equity prices are going to be something we have to deal with.
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 154 comments:
I've been able to avg. down to a little over $1 share price, and happy to do it. Killer, I'm your cheerleader, you're fun, vegas is still calling.
You say you have to be pessimistic on this one. Rather than raise an umbrella while the sky is falling on your heads.
It is understandable that the day after selling off your stock market holdings that you would be filled with remorse and pessimism. No one needs your umbrella. We didn't sell our holdings and that places us smack dab in the middle of the game. We not you are, in a position to catch a rise, which inevitably will come. To sell here is to save the sentimental remnants of what a dollar use to be worth.
Sirius is generating revenue and paying its bills. It is not a financial company and yes, this is about as bad as one could expect for retail sellers. The automakers are in big trouble, the $25 B might not be enough but, even their filing bankruptcy doesn't mean an end to Sirius. Cars will be made and they will have Sat Rad installed in them. The car companies through bankruptcy would be in a better position to help Sirius in the future. When the retail market turns around, and they will, it will create a huge push into the revenues of Sirius XM Radio.
The markets in general are going through a much needed deleveraging from the fraudulent and greedy actions of those at the top of our financial systems. When the autopsy of these financial institutions are performed and the FBI and SEC investigations are conclude, the people will get their pound of flesh and the Perp Walks will begin.
I would like to point out, as long with what sl62 said yesterday....Is it not ironic that Both SIRI, and the DOW and NASDAQ and S&P along with thousands of other stocks.... are all hitting the lows they haven't seen since 2003!!!!
SIRI is not the only stock going down this low...
You rtards need to stop saying this stock is going to zero...
(The last time this stock went to .35 it was back to $4.00 a year later)
I've got a small group put together planning a raid to secure more bullets for the cause. Wish us luck..... the woods are thick with the opposition.... just waiting for one slip to pounce. Being pessimistic and filled with fear here could cause that slip...... steady dog...
By the way over the last several weeks in selling small blocks, $1000 worth at a time and buying back and adding $3000 in additional I've managed to average down to just under 1.70 a share. Before the carnage I was averaged in at about $2.20/sh. Like you, I am now ready for our rise from these ashes to a party in Vegas at the end of 2009.
I think the G7 meeting this weekend will be window dressing for a more coordinated reliquification of world financial systems and the money should slowly start to flow again by the end of next week. As was said by one of the talking heads the time for talking about the fixes are over, we are entering the period where showing the markets is going to begin next week.
The president speaks and the DOW loses 250 pts
If that is the case, is there a chance SIRI will get delisted, and if so, what happens then?
Killer - Reinforcements are gonna arrive, just hold the position, and return fire only when necessary. Keep the dog low and get him lots of water. He is about to sprint forward and attack.
Wicked article man. Wtf!!??? But Tyler, regardless of the Q of your articles, at least you provide a forum for other posting--for that we're grateful...
this = good.
I need another story to cheer me up for the day...
Tell the one where General Karmazin Flanks these Short bastards from behind with the heavy artillery Just as they are about to breach the compound..... I love that one!
Remember the Battle of the Bulge? General Mel is moving the tanks north as we speak. Killer is hunkered down and the dog is holding his own.
Killer - Status update from the front???
1) take money out of stock market
2) put under mattress
-too bad only hindsight is 20/20
1. Another liquidation day! As said, I for one am laughing at the humor.
2. To all the disbeliever nut cases here who don't QUITE get what's real and what is not...please check todays SIRI intraday chart for a clue. Notice what happened today at about 9:45 when the market bounced off of 7800. Yes, the chart is correct. SIRI bounced .12 in 15 minutes right with it. This shows how skeered these guys are down at these levels. They probably have two people watching the stock every day. And of course, this is nothing. When the time is right, SIRI will make your head spin, the bounce will be so violent. I brought up yesterday the reported (legal) short interest on the stock is at least 236M, most likely over that when the second Sept. number is released--which doesn't include naked/convertible related. Get ready!! But uh, oh yeah, you'll miss it, because it's going to happen while you're sleeping! Cool!
3. I was wrong yesterday about the short. Short = alive and well. Lost my senses for a minute. Hey, it's complicated out here. Sooooo many negative forces on stocks all at once. But no, I found a little blurb by that court jester known as Cramer that reinforces 'the dreaded deal--and its bloody realities'. Not that this is any news to some of us that have watched it actually happen in LVL2, but as a reminder of reality, here's verbatim what he said in mid August in an interview on TheStreet.com:
"...and that made it so the power of the deal switched from the common stock holders to the bondholders. That's what happens, the bond bullies take over. If you're searching the ticker, understand that there are people with powerful amounts of money who are shorting that common every penny up, simply because they have to protect the principle that they're getting in their convertible bonds."
Not that Cramer is reliable, but on insider info, he is a Goldman guy and connected. Most of us misjudged the power of this "money." I missed this little bit and had I seen it, I would have waited to start averaging until $1. But I never believed they would have taken the thing down below $1.20. Of course the financial crisis hasn't helped but oh well--sucks to be us. The financial crisis played right into the short's hand--easliy good for .20 - .30. Perfect storm and timing for them. Without the crisis, SIRI would be .70 - .80 right now from the short alone. The point here is that anyone that says SIRI is going out of business because of their stock price, is a TOTAL FOOL! You have no facts, you have no basis, you have no history, You have nothing but a smart mouth and a dim wit. I don't know which is worse...comparing the stock to a postage stamp or that (lol)!!
4. I say buy buy buy here at these levels.
5. I saw that the scheduled earnings release is 10/14. No official statement on that though. But if true, that would be Tuesday. People waiting for news...there you will go! Since we have not heard anything since that last conference call guiding lower--no other warnings or revised guidance--I have to believe their Q is alright. Upside surprise wouldn't hurt.
You should go into stand-up comedy!!!
Everyone else.... tighten up those lines... don't let any of the opposition in ..... make them pay with their shares..... don't sell into this surge.... Monday is a better day.
Now let's turn our cards in for +50 extra units and kick some ass!!
I agree, SIRI is back in sync w/ the market somewhat. The shorts are stretched like a rubberband here. As the market rehydrates they will have to release this position and then remake their stand back at buck.
Wild day!
I have to say I love it, because if there is one good thing about owning SIRIXM, is during this whole week, we did not go to much further down. We are used to this, so the fall in the other stocks doesn't effect us to much anymore. The other good thing about owning a penny stock is while others are losing many dollars we only lost a few pennies this week. There is a siver lining in this storm cloud.
Where did you see that they were reporting earnings Tuesday?
Day Low 9:30 AM EDT 0.36
Day High 9:52 AM EDT 0.48
Range 0.12
Volume 78.25 M
30-Day Avg. Vol. 63.6 M
Difference 23.03%
Market Cap. 1.36 B
Change 95.29 M
Shares Out. 3.17 B
Percent Traded 1.99%
Revenue (LFY) 922.06 M
Earnings (TTM) -565.25 M
Next Earnings 10/14/2008
EPS (TTM) -0.33
52-Wk Low 9:30 AM EDT 0.36
52-Wk High 12/3/07 3.94
Range 3.58
Prev. Close 10/9/08 0.40
Today's Open 0.361
Change -9.75%
Dividend (TTM) 0.00
Div. Yield (TTM) 0.00%
Beta 3.0072
P/E Ratio (TTM) —
P/E Ratio (Fwd.) -1.00
I just happened to notice that today. Seems a little early though. Last Q they preannounced on 7/28 and released on 8/7--30 days after end of Q. Most likely an error...then again, maybe they are early for a reason this Q??
Earnings Whisper ®: N/A
Consensus Estimate: ($0.09)
Members' Estimate: N/A
Surprise Expectation 1: 79%/7%
Release Date: Not Confirmed 11/6/2008
Before Open
Where are you finding these ??
I think it's going to be the November date because that's when it was last year... And i'm also hoping it's that too , that way I will be able to stock up on some ammunition for the final battle ; )
I would bet it's the 11/6 date. It makes the most sense. 10/14 would be a little early--probably a stray. Yes, one of the final battles! I've got some dry powder for next week. Since Monday the market is open but a holiday (lighter volume), there could be more selling...then maybe Tuesday could be the beginning of the re-track.
Again I say to anyone. If you think the market is broke...just look at what happened this morning and at the end of the day. I'm not saying it will, because it wouldn't look good for them, but the market could be back @ 11K next week if they wanted it to. So, they'll do it slow, just like the sell-off. It's all a game--which is why we tell people NOT TO SELL!! (unless you have to for some reason). What goes down must always come back up. Just like SIRI will. People still don't get that.
I think they want to get a handle on B of Both #'s and maybe financing progress before they release. The call and questions will only be about the future, with almost everyone dismissing the 3rd quarter numbers as fairly irrelevant given the fact they operated as separate companies, merged, and then consolidated.
All anyone wants to know is whether they can get financing, how will the auto slow down take down their numbers, what will be revenue going forward, hows the B of Both and ala-carte being received, etc, etc. Delaying the call for as long as they can so that they have concise information to report with positive results is key. Better to say nothing until they can report something positive.
Yeah, his statement is also general. One of the questioners even said it's vague and not strong enough. The market would be disappointed right now. Down 500!
Good point on the earnings regarding the financing. For sure it will be at least 11/6. And like last Q, they'll probably delay the call so they can get better ammo...
Well This
Might Be
SIRIUS?
Oct 10 11:05 AM
That awesome....
The president speaks and the DOW loses 250 pts Report abuse
Cos I said the same thing earlier
LMAO
I just copied and pasted the whole article!
Market rebounded off 7800. Should hold.
Since everyone expects the market to go up on Monday, it will go down. LOL Im kidding, but it seems like thats how it works.
Next bubble will be commodities(energy stocks, etc..) as companies retract and hiring freezes force people to spend on only what they can, and the banks will make money on anything we spend. If we can only buy food, then it will go up.
Mel being quiet through all this is genius. Dont even breath during this action. Microsoft was stupid for announcing their buyback when they did, they should announce it now, not then.
This stock will jump quick, and fast if its going to at all.
Agreed on the bond shorts and that pop will be well choreographed for the most part. But as you look at the action this AM and the .12 jump with the market, shows that there is also still a decent unwind to come above and beyond the bonds. With a 250M reported existing short interest, most likely even higher including naked's, it's there and showed today. I agree no new shorts but still a strong contingent riding down through the crisis. Just good fortune for them, but they're jumpy (as we just saw today).
Also, I like to use CSCO as a good example of float. With 5.9B SH/O and a 5.88B float, they don't have a problem moving. Granted, they're range bound, but a pretty decent range peak to trough. So I'm not convinced SIRI needs that float to come down beore they can move significantly. It certainly can't hurt though.
But here's my take. What's happening in the whole market right now is very telling if people know how to read it. It shows people in their face how the market works. Fear and euphoria. That's it. Technicals are what they are, but the big money is made on those two things on any stock--and will move any stock regardless. And many people are making big money right now. Granted some are just unwinding due to margin calls, etc... but more are getting richer with these big moves and chances are they will keep it going as long as possible. I mean I was watching the board today when we went from 500 down to 300 up tthen back down 200 in about 15 minutes or less. Prior to now (and I've been in the market a while) I've only seen something like that a few times and never that big a swing. It shows that people are playng both sides of the fear game right now. So I digress but how does that relate to SIRI? I guess they qualify as al do because what dogs them right now is fear of failure--and as that gets debunked, they are going to start being played much more and therefore move more based on that fear or relief euphoria. FNSR. If you want to see a similar SIRI story play out, watch them. They have a note due on Oct 15th and still have not repayed yet--though they are expected to with cash. They're certainly waiting until the end so we'll see what happens to the stock. Today at the close they jacked .25 because shorts didn't want to be caught over the weekend. I have a long postion in them already and tried to jump in this aft again but they took off too quickly.
Man In The Arena: By Theordore Roosevelt
www.memorable-quotes.c...
www.theodoreroosevelt....
They made money off the masses, and will get away with it. The next crash will be even bigger...etc... They will inflate the system wil toilet paper again, and it will last less time, and less time till in crumbles in on itself. The game can ONLY WORK WITH A ONE WORL GOVERNMENT. Period. No other way to control debt consolidation, countries from stockpiling real assets, etc...
How does this relate to Sirius(analysis how the central banks(banks) have treated Sirius. Do they work well with them? Does Sirius make them money? Do they have an audience they would love to influence? Yes, yes, and yes. I think Sirius is safe as a central bank endorsed venture(allowed to merge). Dont let the FCC delay fool you, that was so that they can ride out the crash and come out smelling like roses later. Complete manipulation by all parties(banks, Sirius, etc...) CEO's have been known to "stretch the truth" about future endevours, etc...
Mel hasnt tried that, so hes not desperate. Apparentely this low stock price is not worrying him. In fact, he was so unworried, he lowballed the guidance, knowing full well a company not making money will do poorly is this environment. Why not just tank with the rest of the market, and make your case when buying interest is available, and you can get a real push up on your stock. Give the shorts time to clear out(a favor to the bondholders, and offer a lower convertible share price for GS.) Everyone wins, except all Sirius and XM stockholders who sold out. They lost, and they constantly apprear on these threads to warn us to sell, or the company is going bankrupt. These people are called trolls, because they present no facts or even plausable cause/effect senarios that might lead them to that conclusion. Here, its easy , I'll be one right now....
Hey, Sirius is going bankrupt, you idiots still holding this stock are in complete denial. This stock has gone down well over 80% and its going much much lower. How could anyone ever hold a stock that long, that has dropped this much. Its obviously going out of business, why else would the stock be dropping, you see fellas the market is always right.
Apple has lost over 50%of its value, its going out of business.
Google has lost 50 percent of its value, its going out of business.
WM lost 99 percent of its value, its going out of business.
SYMN corp has lost 75% of its value, its going out of business.
JPMorgan has lost over 60% of its value, its going out of business.
Mosica Corp. has lost over 60% of its value, its going out of business.
Ford has lost 80 percent of its stock value, its going out of business.....
There debt is unbearable, they will go out of business.
I have hundreds more, should I keep going. You see, based on the stock price never being wrong, all these companies are going out of business.
In fact, stock prices are RARELY accurate of true value. Maybe 5% of the entire life of a stock does it reflect true value. Usually stocks are overpriced, or underpriced. Thats how you make money.
The next troll that shows his face, is going to get destroyed by me, and I will not be nice, as I am sick of no facts people coming on here spouting bs. This is the no BS zone. No bs allowed.
So if you want to come on here and give me a reason why they are going out of business, and have plausable evidence or facts, even a convincing theory, I will listen.
Heres all I hear.
Sirius wont get refinancing cause the banks arent lending.
No they are lending, but to only good investments, from companies and people who pay back the money. Sirius qualifies sorry. They arent lending like they used too..... True. But that hurts you and me more than anyone.
The stock price is tanking, the market knows.
The market doesnt have a fu@@ing clue what is going on. The market knows? Really what did the market know on Friday. You dont get 1000 point swings cause the market knows.
The market didnt know AIG was failing one day prior. It tanked on the news. Market didnt know.
Market didnt know that Freddie and Fannie were failing, they were trading at 5 dollars seconds before there stock was worth pennies. Yes, seconds. Market didnt know anything.
Did the market know seconds before Mel sold out the stockholders that the stock wasnt worth $3 a share, because he was going to print stock to cover the shorts. Of course the market didnt know that. It would have been trading at .50 cents for all year if it knew what Mel would do. Market reacts to new knews, it doesnt know anything, and it is rarely accurate.
Every DOW company is going out of business. Why? Cause the market knows. Obviously. Were all doomed, and were going to be living in cardboard boxes.
What happened this week? Something long long long long long overdue. A bit of real value was given to a lot of companies at once. All those overpriced stocks got hammered. So all stocks get hammered because people are stupid and they let the manipulators control and drop a lot of stocks because of the fear. Why would a stock like JPMorgan be going down? Is the market retarted? Why is Citibank stock going down? Those are the most powerful corporations in the entire country. There stock should be trading at around 4000 dollars a share. Why? Cause they take toilet paper and sell it for real assets. No better business in the world.
If i IPO'ed a toilet paper factory that could create oil, food, natural gas, computer chips, etc... out of toilet paper, I could sell my shares for 4000 a share easy.
NO ONE CAN SHORT THIS STOCK. NO NEW SHORT HAS BEEN STARTED. I have been trying to short this stock since 1.82, and there are no shares available. Here maybe you speak spanish.
No shareso available o, you dumbo.
Go annoy another board, lyer. Your an evil person for posting lies like that. I hope you dont post a lot to try to ruin other peoples dreams. Stealing is an offense, and if you are knowinly lying to investors, you could be sueable in civil court for that. ETRADE doesnt have any shares available, either does AMERITRADE or Schwabb. Do you know why? CAUSE THERE ARENT ANY SHARES!!!!!!!!!!!!!!!!...
I will keep writing bullish articles until you can tell me one fact or proof or valid theory to convince me otherwise. Posting you should sell is childish and reeks of intellectual inferiority. I am smarter than you, so I wont sell. Dummy.
Long Sirus!!!!!
I'm waiting, where are you lyer. Hey lyer, where are you troll.
You used to steal money from little kids didnt you, or do you still?
LOL
LOL
LOL
LOL
LOL
LOL
You there troll?
Most shares are in float....
Stock price values the combined companies lower than the two seperate...
So why doesnt anyone buy this company? LOL I already told you why, the company is a media company, just not anyone is allowed to own such a powerful tool. Do you think if you were a billionaire, and hated the central banks you would be allowed to buy NBC? LOL LOL
That would be the funniest thing I ever heard if someone told me they were going to buy a large media company to get the truth out there. OMG, i would lose my stitches.
Sirius isnt about toilet paper, they have real assets, real talent, and real customers. And a real plan. Night and day.
LoL
Is FORD worth a $ 2 lottery ticket? You can't say that or you arse will be run over by a FORD CEO truck
www.youtube.com/watch?...
cos1000, I agree about the 3rd Q call. As you know the 3rd quarter is going to be terrible, because the sub net adds are always bad in the 3rd Q, and this time the other metrics are going to be messed up because of the cost of the merger, to include the cost of the new radios that are paid for in the 3rd quarter.
There is a bright spot as you and others have talked about. The new revenue streams such as the "B of B". The other I have not seen to much talk about here, it is the new advertisment revenue. As you know SIRIXM has got some new big advertisers in the line up.
As to the bad 3rd quarter, I believe that and most every other thing is priced in. The only thing that would take it much further down in the 3rd Q would be a negitive net sub add (SIRIXM actually losing subcribers). I dont think that will happen looking at the three months of OEMs it makes up for the 2.2% churn, the only way they would lose net subs is if they did not added any retail subs or churn is hugh this quarter. I as you know dont feel as bad that they are not getting the OEMs that fast anyway, because they cost SIRIXM way to much. That is also why the other metrics show improvement because they get less subs they dont pay as much out that quarter. I believe they should have stayed a little longer at the higher end OEMs and kept their OEM % lower. That would have kept their cost lower and their churn lower, due to dealing with the higher end costumer. Remember there are what 10 million OEMS that are turned off now well that is 1 billion in cost, and how much you want to bet they are mostly from the lower end OEM.