Did Sirius XM Radio (SIRI +2.7%) answer its critics with a Q2 earnings beat and improved outlook...


Did Sirius XM Radio (SIRI +2.7%) answer its critics with a Q2 earnings beat and improved outlook for FY12? Though subscriber growth looks promising, one point of contention may be the firm's increase in free cash with nary a mention of a dividend or new buyback.

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Comments (9)
  • Stephen Faulkner
    , contributor
    Comments (9202) | Send Message
     
    There is no reason for a buyback until the situation with LMCA is settled. A dividend wouldn't make any sense either as 46% of it would go to LMCA. Both issues are certainly not a "point of contention."
    7 Aug 2012, 11:04 AM Reply Like
  • Roxieanne
    , contributor
    Comments (1049) | Send Message
     
    Need to continue to grow the company and stock. Don't want a dividend . When Siri grows to a doubtle digit stock, dividend makes sense--not now-----.
    7 Aug 2012, 11:11 AM Reply Like
  • xbullet1
    , contributor
    Comment (1) | Send Message
     
    It seems a bit early for a dividend announcement. How about shoring cash reserves and demonstrating some serious long term growth first?
    7 Aug 2012, 12:48 PM Reply Like
  • williamt
    , contributor
    Comments (75) | Send Message
     
    NEWS ALERT:

     

    Rocco and Cameron Kane are reportedly hospitalized under suicide watch and heavily sedated!! Your prayers are requested for their long term mental health although full cognitive recovery may be beyond all medical possibility.
    7 Aug 2012, 02:04 PM Reply Like
  • herbfl
    , contributor
    Comments (4) | Send Message
     
    Paying down expensive debt is the best L/T strategy. This will increase earnings and reduce leverage. Dividends and buybacks are not in the best interest in the L/T for the company, not just yet! Let the Liberty situation play-out and then revisit the L/T use of cash.....
    7 Aug 2012, 02:12 PM Reply Like
  • herbfl
    , contributor
    Comments (4) | Send Message
     
    Individual investor, retired, kind of a #'s guy. Was CEO of a NYSE traded company......
    7 Aug 2012, 02:12 PM Reply Like
  • rocketroj
    , contributor
    Comments (166) | Send Message
     
    Agree the buyback does not make sense unless LMCA agrees to keep their holdings at 46% by selling into the buyback.

     

    A dividend on the other hand will get shorts to start unwinding their positions. SIRI needs a run over $3 to bring back the margin day traders. Then we can really make some money.
    7 Aug 2012, 03:11 PM Reply Like
  • Stephen Faulkner
    , contributor
    Comments (9202) | Send Message
     
    rocket,

     

    I don't believe there to be a larged unhedged short interest in SIRI. On a volume day like today they could have covered in an hour or two. The vast majority of the short interest is likely hedged with options or to the convertible bonds.
    7 Aug 2012, 04:47 PM Reply Like
  • fatpieceoshit
    , contributor
    Comments (2) | Send Message
     
    SIRI needs to continue to invest in itself.They have to stay ahead of the competition. A future, unknown as of now, technology could quickly make them obsolete. No dividends and no buybacks.
    I've owned the stock for over ten years and will continue to hold.
    7 Aug 2012, 03:15 PM Reply Like
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