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  • Sirius XM: A Santa Claus Rally Needed To Propel Stock Gain For The Year
    Thu, Dec. 18 SIRI 59 Comments

    Summary

    • Sirius offers programming for holiday season.
    • Efforts to segment the market showing little in the way of positive results.
    • Stock has been slightly down for the past year.
  • Frontier Communications Raises Dividend And Raises Questions
    Wed, Dec. 17 FTR 18 Comments

    Summary

    • Frontier raises dividend 5%.
    • A dividend increase is an affirmation of the sustainability of the dividend.
    • There are better uses for that cash.
  • Update: Capstone Turbine Snags Major New Order, Buy Recommendation Reiterated
    Mon, Dec. 15 CPST 12 Comments

    Summary

    • Capstone records one of the largest orders in company history.
    • Large order should help offset increased risk elsewhere.
    • Reinforces view that Capstone is a long-term speculative buy.
  • Has Sirius XM Changed Churn? Should You Care?
    Fri, Dec. 12 SIRI 129 Comments

    Summary

    • Sirius churn statistics are key to subscriber growth.
    • "Low" rate of 1.9% results in losses of approximately 5 million self-pay subscribers.
    • Is Sirius playing fast and loose with the calculation?
  • Sirius XM Settles Suit With Attorneys General; What Are The Implications?
    Tue, Dec. 9 SIRI 136 Comments

    Summary

    • Sirius settles long standing disputes over state consumer protection statutes.
    • Sirius must pay $3.8 million to the states and provide restitution to certain subscribers.
    • Sirius must change advertising and customer service practices.
  • New Car Sales Should Help Sirius Meet Subscriber Guidance
    Editors' Pick • Sat, Dec. 6 SIRI 134 Comments

    Summary

    • November was a very strong month for new vehicle sales.
    • Full-year 2014 sales appear to be on pace for best year since 2007.
    • New vehicle sales are the main contributor to subscriber growth at Sirius.
  • Sirius XM And The Number Of Paying Subscribers
    Fri, Nov. 28 SIRI 33 Comments

    Summary

    • Sirius subscriber metrics are important to understanding the company.
    • Self-pay subscriber data could be considered the most important metric.
    • Company message has become inconsistent.
  • Sirius XM Facing Coast To Coast Setbacks
    Thu, Nov. 20 SIRI 160 Comments

    Summary

    • A recent ruling by a New York judge recognizes performance copyright ownership for pre-1972 recordings.
    • Goes beyond a more limited ruling in California.
    • Sirius facing a December 5th deadline to avoid summary judgment.
  • Capstone Turbine: Risk Priced Into This Small Cap Stock Now Overdone
    Editors' Pick • Wed, Nov. 19 CPST 27 Comments

    Summary

    • Shares down more than two thirds from 52-week high.
    • Sell-off overdone despite risks.
    • Cash position strong.
  • Update: PFSweb Releases Earnings, Issues Preliminary 2015 Guidance
    Fri, Nov. 14 PFSW Comment!

    Summary

    • PFSweb released earnings on November 12th.
    • Company reiterates guidance for 2014; issues preliminary figures for 2015.
    • Despite substantial gains in share price, growth opportunities remain intact for above average long-term returns.
  • Sirius Suffers Another Legal Setback
    Tue, Nov. 11 SIRI 217 Comments

    Summary

    • US Court of Appeals rules against Sirius.
    • Serious implications for marketing?
    • Could impact conversion rates.
  • The Fun Continues At Cedar Fair As Company Increases Payout
    Mon, Nov. 10 FUN 2 Comments

    Summary

    • Cedar Fair raises annual distribution by 7%.
    • Announces it will come in at low end of adjusted EBITDA guidance.
    • Previews the success of its Halloween season.
  • Update: Cedar Fair Reports Earnings, Increases Distribution
    Sat, Nov. 8 FUN Comment!

    Summary

    • Cedar Fair reported record third-quarter revenue on Nov. 6.
    • Reiterated guidance for revenue and adjusted EBITDA at the low end of its range; recommendation as an income investment solidified.
    • Increased distribution as expected.
  • Update: Capstone Turns In Miserable Quarter
    Thu, Nov. 6 CPST 45 Comments

    Summary

    • Order backlog declines.
    • Fiscal Q2 revenue well below expectations.
    • Opinion that Capstone remains a long-term speculative buy remains unchanged.
  • Update: Frontier Q3 Earnings Report Shows Fewer Broadband Net Adds
    Thu, Nov. 6 FTR 2 Comments

    Summary

    • Quarterly broadband gains solid, although lowest since 2012.
    • Opinion about sustainability of the dividend remains unchanged.
    • Broadband growth less than expected, but still strong enough to maintain recommendation to buy Frontier for dividend income.
  • A Sirius 'Disconnect' With Vehicle Services
    Tue, Nov. 4 SIRI 51 Comments

    Summary

    • Company purchased Connected Vehicle Services from Agero one year ago.
    • Company guided to $100 million in revenue from this business in 2014.
    • After three quarters, number appears to be falling short of expectations.
  • Sirius XM Management Alters View On Subscribers
    Fri, Oct. 31 SIRI 110 Comments

    Summary

    • Sirius raises total sub net additions for second time in two months.
    • Leaves self-pay subs unchanged.
    • Second year in a row that subs fail to perform as management guided.
  • Update: Sirius XM Reports Earnings, Raises Guidance
    Wed, Oct. 29 SIRI 73 Comments

    Summary

    • Sirius increases guidance for total net adds, revenue and free cash flow.
    • Opinion about long-term price appreciation remains unchanged.
    • Using covered calls against a long position to generate substantial return no longer attractive, as time premium has eroded.
  • B&G Foods Reports Earnings; Lowers Guidance
    Wed, Oct. 29 BGS Comment!

    Summary

    • B&G reported earnings and reduced full year EBITDA guidance.
    • Opinion that this is a solid income holding remains unchanged.
    • Snacks underperformed, leading to unexpected write-down,
  • Update: PFSweb Announces U.S. Mint Solution Is Now Live
    Sun, Oct. 26 PFSW Comment!

    Summary

    • PFSweb's Omni-Channel solution for US Mint goes live.
    • Opinion about long term growth unchanged.
    • Service fee revenue should smooth out.
  • Update: AT&T Closes On $2 Billion Sale Of Connecticut Properties To Frontier Communications
    Sat, Oct. 25 FTR 21 Comments

    Summary

    • AT&T and Frontier announce the closing of the sale of AT&T's wireline assets to Frontier.
    • Opinion about improved dividend coverage for Frontier remains unchanged.
    • Transaction closes in time frame anticipated.
  • What To Look For From B&G Foods After The Bell
    Tue, Oct. 21 BGS 24 Comments

    Summary

    • B&G Foods to announce earnings after the bell.
    • Cantwell named to replace Wenner.
    • No dividend increase before 2015.
  • Sirius Suffers Another Legal Setback
    Fri, Oct. 17 SIRI 76 Comments

    Summary

    • California Superior Court Judge follows lead of Federal Court.
    • Decision allows jury instruction requested by Capitol Records et al.
    • Reverses tentative decision.
  • Update: Connecticut PURA Approves Frontier Acquisition From AT&T
    Wed, Oct. 15 FTR Comment!

    Summary

    • The Connecticut Public Utilities Regulatory Authority (PURA) approves the proposed acquisition.
    • Opinion about improved dividend coverage remains unchanged.
    • Last regulatory approval required for 2014 closing.
  • After Victory Over Sirius, Turtles Go After Pandora
    Wed, Oct. 15 P, SIRI 135 Comments

    Summary

    • Flo & Eddie is the company that owns the rights to The Turtles' songs.
    • After a successful suit in Federal court ruling that Sirius had not obtained rights to broadcast those songs, Flo & Eddie filed suit against Pandora.
    • Flo & Eddie seeks $25 million and class action status.
  • Another 5% Owner Cuts Capstone Holdings
    Sat, Oct. 11 CPST 67 Comments

    Summary

    • Gilder, Gagnon, Howe & Co. LLC liquidates positions.
    • This Broker Dealer held shares for both partners and clients.
    • Held 5.1% on July 1.
  • Update: Capstone Turbine Extends Lease
    Wed, Oct. 8 CPST 9 Comments

    Summary

    • Capstone extends its lease for 5 more years.
    • Slightly more favorable terms not enough to change long-term view.
    • More favorable terms unexpected.
  • Cedar Fair Yield Is Attractive For A Reason
    Sun, Oct. 5 FUN 12 Comments

    Summary

    • Cedar Fair attendance to decline for full year.
    • Low gas prices a positive.
    • Weak stock market a negative.
  • Sirius Comes Out With Lower Tier Subscription Offering
    Tue, Sep. 30 SIRI 113 Comments

    Summary

    • Sirius announces Joel Osteen Radio simultaneously with low price subscription rate.
    • Also includes a free Internet radio listening.
    • Less than half the rate of standard subscription plan; 75% discount from the All-in-One annual plan.
    • Investment thesis remains unchanged.
  • Update: PFSWeb Acquires 2 Companies
    Tue, Sep. 30 PFSW Comment!

    Summary

    • PFSWeb acquires two companies.
    • Opinion about long term growth solidified.
    • Investment carries additional risk.
  • Alvin And The Chipmunks Take A Bite Out Of Sirius XM
    Thu, Sep. 25 SIRI 71 Comments

    Summary

    • Federal Judge issues summary judgment against Sirius.
    • Summary judgment relates to broadcasting and streaming performance rights under California law.
    • Applies to pre-1972 recordings.
  • Sirius XM Pre-Announces Plans For More Tiered Pricing
    Wed, Sep. 17 SIRI 108 Comments

    Summary

    • CEO Jim Meyer pre-announced plans for more tiered pricing.
    • Balance between growing subs and cannibalizing full price subscriber base.
    • Still trying to get Hispanic offer correct.