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Dead Mel talking? Sirius XM Radio (SIRI +2.5%) CEO Mel Karmazin presented at the Liberty Media...

Dead Mel talking? Sirius XM Radio (SIRI +2.5%) CEO Mel Karmazin presented at the Liberty Media conference today (webcast), in perhaps one of his final public appearances at the helm. The exec tipped off that the company expects FY12 revenue of $3.4B - roughly in-line with the estimates of analysts. Net subscribers are on the move, with the latest estimate for FY12 now pegged at 1.8M after the satellite radio player added 446K subscribers in Q3.
Comments (7)
  • texaswiz says
    , contributor
    Comments (59) | Send Message
     
    Something is absolutely wrong with either the business model or the Big Dog at this company. Something has to happen. Either change the boss or sell the company. Just do something. Sirius hasn't drawn a healthy breath for investors in years.
    10 Oct 2012, 02:06 PM Reply Like
  • princehamlet
    , contributor
    Comments (172) | Send Message
     
    You are behind the curve my friend.Turnaround story Of the last 2years
    10 Oct 2012, 02:36 PM Reply Like
  • gharrod
    , contributor
    Comments (54) | Send Message
     
    dunno where TEX has been for the last year. maybe he's a shorty.
    10 Oct 2012, 02:48 PM Reply Like
  • dbadanbet@aol.com
    , contributor
    Comments (101) | Send Message
     
    Liberty Media's take-over plans are still not yet approved by the SEC. However, they are looking sounder.
    Liberty has at least 49.9% and are continuing to buy in smaller amounts, since they refuse to borrow money to buy more.
    They have already spent over 1 1/2 Billion dollars! They now claim (as I predicted 2 months ago) that they don't plan to tamper with the board of directors until at least next spring. In other words they made a deal - although all are denying it!
    Also, Liberty Media can now get control without buying any more shares.
    Here's how: If Sirius, who are rich in cash (almost a billion dollars), buy back some of their own stock on the open market, that would effectively reduce the number of outstanding shares and thus increase Liberty's per-centage ownership, and push it over 50%.
    Why would Sirius do this? Because the Sirius directors have made these secret deals with Liberty, in return for keeping their jobs for at least another 6 months. And that's not all - - by buying back shares on the open market, which I think they (Sirius) have already begun to do (that's why the stock is surging), they increase the value of the several billion shares that Liberty already has, since the outstanding share count on the open market is lower. So, if Liberty spins it (Sirius) off (which rumors say they might), it'll be worth a lot more. IE: for every $.10 the stock goes up, Liberty's stock value increases more than 200 million dollars!
    10 Oct 2012, 03:50 PM Reply Like
  • PRMK
    , contributor
    Comments (328) | Send Message
     
    this texaswiz says, totally out of touch. Is he totally crazy? I don't know what he considers a winner but apparently he was not watching Mel's speech today and his charts. I hate to put somebody down but this guy is a complete idiot and should not be in this forum. If you haven't made money with Siri you are not trading it.
    10 Oct 2012, 06:52 PM Reply Like
  • Tiffany10
    , contributor
    Comments (13) | Send Message
     
    Have been trading sirius for 12 years. God bless this stock, it's given me a fantastic ride. It's the only stock in my portfolio and it's made me lots of profits along the way, so much for diversification! As they say "If it works, don't fix it"..........
    10 Oct 2012, 09:39 PM Reply Like
  • egnorops
    , contributor
    Comments (26) | Send Message
     
    I haven't held a stock for more than a week in the last year but SIRI is bucking that trend. I don't want to miss this boat. I am looking for $.30 per share over the next 2 months. How about it Tiffany10? You have followed SIRI longer than I have invested. Could we reach $3.10 by the end of the year?
    17 Oct 2012, 12:40 PM Reply Like
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