Seeking Alpha

Stephen Faulkner

 
View as an RSS Feed
View Stephen Faulkner's Articles BY TICKER:
  • Sirius XM: Understanding Price Control
    Sun, Nov. 30 SIRI 137 Comments

    Summary

    • Sirius XM's share price has often been referred to as "manipulated".
    • It could easily have been, given certain outstanding issues.
    • Long-term investors should find greater future benefit due to a well-executed share repurchase program so far.
  • Sirius XM: Thoughts On Manipulation
    Fri, Nov. 28 SIRI 106 Comments

    Summary

    • For years investors have claimed Sirius XM's share price is manipulated.
    • Sirius XM's share price likely is manipulated, as are all stock prices.
    • Investors should accept manipulation as an unavoidable reality and instead invest on their own opinion of value.
  • Sirius XM: Retail Holders Now Own Less Than 15%
    Mon, Nov. 17 SIRI 185 Comments

    Summary

    • Retail holders of Sirius XM are primary sellers into the company's buyback.
    • Concerns and fears that Sirius XM would quickly and recklessly repurchase shares and thus 'overpay' have not come to fruition.
    • Sirius XM could eradicate most of the remaining retail holders within 12 months.
  • Sirius XM: Expect Significant Short Increase At Next Release
    Tue, Aug. 26 SIRI 49 Comments

    Summary

    • Short data is disseminated on August 26th for the prior reporting period.
    • Sirius XM's short data should increase significantly due to an outstanding agreement with bond holders.
    • It's not a cause for alarm, and is actually quite positive going forward.
  • Sirius XM, Liberty Media And Pie
    Wed, Aug. 13 SIRI, LMCA 189 Comments

    Summary

    • Pie is good.
    • More pie is better.
    • As Liberty Media's share of Sirius XM's pie grows, it can offer more, for less.
  • Sirius XM: Does EPS Matter?
    Wed, Aug. 13 SIRI 23 Comments

    Summary

    • EPS is the metric by which many companies are judged at first glance.
    • Sirius XM has posted flat earnings per share recently, and should continue to do so for some time.
    • To the informed long term investor, this should not be a concern. Focus elsewhere.
  • Sirius XM: Why I Want You To Keep Selling Your Shares
    Tue, Aug. 12 SIRI 99 Comments

    Summary

    • Last year I wrote an article about why I want Sirius XM investors to sell their shares.
    • Today the story is no different, and going forward the story remains the same.
    • Sell your shares or even short them so that Sirius XM may repurchase as many as possible at current prices.
  • Sirius XM: Q2 Profit Up 7.7% Year-Over-Year If You Look Closely
    Mon, Aug. 4 SIRI 63 Comments

    Summary

    • Many have been reporting Sirius XM Q2 profit as down by 4% year-over-year.
    • Certain issues dragging on the share price are "ghosts."
    • Discounting one-time issues, Sirius XM's net income improved at roughly a 7.7% increase year-over-year.
  • Sirius XM: Important Reason Found For Massive Short Increase In Q2 Report
    Thu, Jul. 31 SIRI 33 Comments

    Summary

    • Sirius XM's short interest rose by a large amount in May of 2014.
    • Until Sirius XM's Q2 report the question of "why?" was left unanswered.
    • Thanks to Seeking Alpha reader "denco1" the answer has been found.
  • Sirius XM: You Won't Believe What I Found In The Q2 Report
    Wed, Jul. 30 SIRI 118 Comments

    Summary

    • Sirius XM delivered an excellent second quarter report.
    • Analysis shows the company performing in strong fashion.
    • Some minor concerns are just that, minor concerns.
    • Immediate market reaction appears confused, but shouldn't be. Full steam ahead.
  • Sirius XM: Right On Track For A Break Towards $4 Per Share
    Wed, Jul. 16 SIRI 89 Comments

    Summary

    • Sirius XM stock is behaving as expected.
    • $2 billion added to existing $4 billion in share buybacks.
    • Look for a break of $3.50 on a good Q2 report, and a move towards $4 per share.
  • Sirius XM: $4 Per Share Will Depend On Q2 Report
    Thu, Jun. 26 SIRI 214 Comments

    Summary

    • Sirius XM is under significant accumulation.
    • Short interest in Sirius XM has spiked on increasing prices and declining trading volume.
    • It's a slow grind until news, likely the Q2 report, presents a catalyst.
    • I expect the report will catalyze to the upside.
  • This Is Why Sirius XM Is Up Today
    Wed, Jun. 18 SIRI 59 Comments

    Summary

    • Sirius XM reached $3.47 in trading on 6/18, rising nearly 5% in the past 3 trading days.
    • Without news to drive the activity, investors should consider ongoing issues.
    • It's simply supply and demand.
  • Sirius XM: Short Interest Explodes By 56% Over The Past 2 Weeks
    Thu, Jun. 12 SIRI 115 Comments

    Summary

    • Sirius XM has shown decreasing short interest for several months.
    • Typical short interest difference between reporting periods are less than 20 million shares.
    • Most recent data shows Sirius XM's short interest increased by an abnormally large 56%, or nearly 111 million shares.
  • Sirius XM: Buyback Return Requires Long-Term Horizon
    Wed, May. 21 SIRI 80 Comments

    Summary

    • Sirius XM is currently in the middle of a large-scale share buyback.
    • I expect buybacks to continue beyond the 'to date' $4 billion authorization.
    • If done properly, returns can be expected long term despite short-term neutrality.
  • Sirius XM: Stop The Madness And Just Buy It
    Tue, May. 20 SIRI 136 Comments

    Summary

    • Sirius XM is historically undervalued both from a fundamental and technical standpoint.
    • Recent nonsense headlines are wildly speculative, and generally useless.
    • Stick to appropriate measures of historic valuation and use weakness to load up.
  • Sirius XM: Reverse Split Request Denied
    Tue, May. 6 SIRI 139 Comments

    Summary

    • Recent daydreaming has caused some to wonder (again) about Sirius XM instituting a reverse split.
    • Sirius XM, in present form, will not be doing a reverse split.
    • Majority owner Liberty Media would see no benefit from a reverse split.
    • Investors would be better off focusing on reality and not what they would do if they ran the company.
  • Sirius XM: Important Points In The Q1 Report You May Have Missed
    Tue, Apr. 29 SIRI 53 Comments

    Summary

    • Sirius XM reported EPS of $0.02 for Q1 2013.
    • Earnings were reduced due to one time issues.
    • Share repurchases of 39,500,000 were made in March at $3.26 per share.
  • Sirius XM: At $3.15, Still Trading In Tandem With Liberty At $125
    Fri, Apr. 11 SIRI 43 Comments

    Summary

    • It's a ratio.
    • Liberty's offer, originally valued at $3.68, would now value Sirius XM at $3.15.
    • Since the offer is off the table, focus on what matters, not on wild speculation.
  • Sirius XM: When Does This 'Thing' Get Out Of The Mud?
    Thu, Apr. 3 SIRI 76 Comments

    Summary

    • Sirius investors have considered the stock to be a 'pig' for months.
    • Maintaining perspective on the company is key to purchasing in times of fear.
    • What started the decline may be coming to an end.
  • Sirius XM And Liberty Media: What To Expect Short-Term
    Fri, Mar. 14 LMCA, SIRI 105 Comments

    Summary

    • Liberty Media removes offer for Sirius XM equity swap.
    • Short-term turbulence expected as arbitrageurs unwind.
    • Removal of deal very positive for both equities.
  • Sirius XM: Deal Or No Deal? You Win, But You May Be Waiting
    Wed, Mar. 5 SIRI 199 Comments
  • Sirius XM: Focus And Discipline Is Required
    Mon, Feb. 17 SIRI 113 Comments
  • Sirius XM: $3.38? Liberty's Deal Is Not A Sure Thing
    Wed, Jan. 29 SIRI, LMCA 166 Comments
  • Sirius XM: Short Interest Rapidly Falling While Liberty's Triples
    Tue, Jan. 28 SIRI 61 Comments
  • Sirius XM: 'I'm Smarter Than The Market?'
    Thu, Jan. 9 SIRI 221 Comments
  • Sirius XM: Vote 'NO' On Liberty's $3.68 Offer
    Mon, Jan. 6 SIRI, LMCA 182 Comments
  • Sirius XM : Liberty Media's Offer Is Attractive Despite $3.68 Offered
    Sat, Jan. 4 SIRI 321 Comments
  • Sirius XM: $4.25 By January? Was I Wrong?
    Dec. 17, 2013 SIRI 251 Comments
  • Sirius XM: The Smoke And Mirrors Of 'Declining Growth'
    Dec. 4, 2013 SIRI 104 Comments
  • Sirius XM: Showing You Why I See $4.50
    Nov. 18, 2013 SIRI 153 Comments
  • Sirius XM: $3.70 Equals Disappointed Investors? I Disagree
    Oct. 29, 2013 SIRI 130 Comments
More on SIRI by Stephen Faulkner