Blah, blah, blah, etc.'s Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/224497/comments http://seekingalpha.com/article/173416-liberty-s-sirius-preferred-stake-expected-to-be-spun-off?source=feed#comment-765651 765651
www.sec.gov/Archives/e...]]> Wed, 18 Nov 2009 12:55:16 -0500
www.sec.gov/Archives/e...]]> http://seekingalpha.com/article/173416-liberty-s-sirius-preferred-stake-expected-to-be-spun-off?source=feed#comment-765648 765648 Wed, 18 Nov 2009 12:53:47 -0500 http://seekingalpha.com/article/135747-how-trucks-and-tariffs-contributed-to-gm-chrysler-failures?source=feed#comment-492221 492221 Wed, 06 May 2009 12:51:10 -0400 http://seekingalpha.com/article/128870-gm-s-bankruptcy-obama-s-socialist-hat-trick?source=feed#comment-447773 447773 Wed, 01 Apr 2009 09:31:39 -0400 http://seekingalpha.com/article/127904-my-response-to-soros-views-of-cds?source=feed#comment-440681 440681 AIG) to somehow have hedged or offset its CDS trades is akin to an insurance company kidnapping sick people who have bought life insurance and sticking them in incubators to prolong their life."

Insurance companies (responsible ones, anyway) have reserves and investments that are intended to guarantee payment on the policies. When they sell guarantees (in variable annuities, for example), they do buy hedges and make offsetting investments. Also, half the policyholders won't die in a nine-month period, which is what happened to AIG]]> Thu, 26 Mar 2009 08:23:44 -0400 AIG) to somehow have hedged or offset its CDS trades is akin to an insurance company kidnapping sick people who have bought life insurance and sticking them in incubators to prolong their life."

Insurance companies (responsible ones, anyway) have reserves and investments that are intended to guarantee payment on the policies. When they sell guarantees (in variable annuities, for example), they do buy hedges and make offsetting investments. Also, half the policyholders won't die in a nine-month period, which is what happened to AIG]]> http://seekingalpha.com/article/126453-sirius-xm-radio-q4-2008-earnings-call-transcript?source=feed#comment-429784 429784 Tue, 17 Mar 2009 17:13:54 -0400 http://seekingalpha.com/article/126348-sirius-rbc-urges-investors-to-remain-on-sidelines-following-latest-earnings?source=feed#comment-429438 429438 Tue, 17 Mar 2009 13:38:36 -0400 http://seekingalpha.com/article/126345-sirius-xms-british-invasion?source=feed#comment-429099 429099
I believe this company has a chance to thrive. But, at the same time, to say that anyone who disagrees has an agenda is a reach.

There is (was?) a satellite radio company attempting to operate in the EU. I think the patchwork regulation over there makes the FCC look easy in comparison.]]> Tue, 17 Mar 2009 10:27:35 -0400
I believe this company has a chance to thrive. But, at the same time, to say that anyone who disagrees has an agenda is a reach.

There is (was?) a satellite radio company attempting to operate in the EU. I think the patchwork regulation over there makes the FCC look easy in comparison.]]> http://seekingalpha.com/article/121488-the-sirius-price-of-liberty?source=feed#comment-396620 396620 Fri, 20 Feb 2009 11:13:25 -0500 http://seekingalpha.com/article/121488-the-sirius-price-of-liberty?source=feed#comment-395297 395297 Thu, 19 Feb 2009 12:58:08 -0500 http://seekingalpha.com/article/121378-6-key-points-from-the-liberty-sirius-xm-deal-merrill?source=feed#comment-394961 394961
Same as any other stock--min price of $5/sh, with limited downside. Probably a 1-50 split combined with a couple good quarters and credible guidance of a couple more improving quarters will get some institutional interest.]]> Thu, 19 Feb 2009 10:11:58 -0500
Same as any other stock--min price of $5/sh, with limited downside. Probably a 1-50 split combined with a couple good quarters and credible guidance of a couple more improving quarters will get some institutional interest.]]> http://seekingalpha.com/article/120340-sirius-is-chapter-11-good-for-shareholders?source=feed#comment-386343 386343 Thu, 12 Feb 2009 17:36:19 -0500 http://seekingalpha.com/article/118643-could-it-finally-be-time-to-buy-sirius-xm-stock?source=feed#comment-376856 376856
You can trade bank debt. See www.lsta.org/ ]]> Thu, 05 Feb 2009 10:28:20 -0500
You can trade bank debt. See www.lsta.org/ ]]> http://seekingalpha.com/article/114283-fed-up-with-sirius-childish-customers?source=feed#comment-353442 353442 Mon, 12 Jan 2009 12:22:14 -0500 http://seekingalpha.com/article/104701-4-signs-for-further-caution-by-satellite-radio-investors-goldman?source=feed#comment-300126 300126 Fri, 07 Nov 2008 10:50:43 -0500 http://seekingalpha.com/article/103850-sirius-xm-radio-faces-shareholder-suit?source=feed#comment-297994 297994
What a waste of time, money, company resources, the courts, etc. These people are the worst sort of vultures.

This suit goes nowhere, period. It eats up company resources exactly when they are needed most urgently. It is aimed only at getting a settlement for the TTT-grad, strike suit lawyers who prey on disappointed shareholders because they couldn't get real jobs.

Managers have a duty of loyalty and a duty of care. No court is going to find a breach of the duty of loyalty, period. It just doesn't happen absent extraoardinary facts, like selling off assets to family members at deep discounts or other such blatant self-dealing. No court is going to find a breach of duty of care, either. That is an extremely low bar, basically if they show up for work and appear to have a slight interest in the day-to-day running of the company, they meet that duty.

This is complete idiocy.]]> Tue, 04 Nov 2008 10:07:29 -0500
What a waste of time, money, company resources, the courts, etc. These people are the worst sort of vultures.

This suit goes nowhere, period. It eats up company resources exactly when they are needed most urgently. It is aimed only at getting a settlement for the TTT-grad, strike suit lawyers who prey on disappointed shareholders because they couldn't get real jobs.

Managers have a duty of loyalty and a duty of care. No court is going to find a breach of the duty of loyalty, period. It just doesn't happen absent extraoardinary facts, like selling off assets to family members at deep discounts or other such blatant self-dealing. No court is going to find a breach of duty of care, either. That is an extremely low bar, basically if they show up for work and appear to have a slight interest in the day-to-day running of the company, they meet that duty.

This is complete idiocy.]]> http://seekingalpha.com/article/101407-finally-some-good-news-for-sirius-shareholders?source=feed#comment-288990 288990
Apart from the frivolous nature of these suits, they ignore the most important premise of corporations: managers manage, shareholders sharehold. If you don't like it, vote against it. Vote against the split. Vote against the increase in shares. Vote out the board. By all means, this is your right. But don't think you can manage a publicly held corporation better than the people the board hired (and yes, you could, in fact, do worse).

Suing a company that is already down is pure stupidity. You won't get your money back, but the plaintiffs lawyer will make hundreds of thousands. This is the sole purpose of these suits. Don't be a sucker (or be a sucker again, depending on your SIRI outlook).]]> Thu, 23 Oct 2008 14:50:13 -0400
Apart from the frivolous nature of these suits, they ignore the most important premise of corporations: managers manage, shareholders sharehold. If you don't like it, vote against it. Vote against the split. Vote against the increase in shares. Vote out the board. By all means, this is your right. But don't think you can manage a publicly held corporation better than the people the board hired (and yes, you could, in fact, do worse).

Suing a company that is already down is pure stupidity. You won't get your money back, but the plaintiffs lawyer will make hundreds of thousands. This is the sole purpose of these suits. Don't be a sucker (or be a sucker again, depending on your SIRI outlook).]]> http://seekingalpha.com/article/101407-finally-some-good-news-for-sirius-shareholders?source=feed#comment-288971 288971
That said, maybe some really bad news would move the price up, since the converse has been true.]]> Thu, 23 Oct 2008 14:26:37 -0400
That said, maybe some really bad news would move the price up, since the converse has been true.]]> http://seekingalpha.com/article/100369-xm-listeners-reunited-with-bubba?source=feed#comment-284705 284705 Fri, 17 Oct 2008 13:43:16 -0400 http://seekingalpha.com/article/100224-the-most-dangerous-place-to-get-investing-advice?source=feed#comment-283628 283628 Thu, 16 Oct 2008 10:24:06 -0400 http://seekingalpha.com/article/100224-the-most-dangerous-place-to-get-investing-advice?source=feed#comment-283627 283627
That should be the new slogan for Seeking Alpha.]]> Thu, 16 Oct 2008 10:23:38 -0400
That should be the new slogan for Seeking Alpha.]]> http://seekingalpha.com/article/99171-o-a-provide-sirius-stern-fans-with-solution?source=feed#comment-277948 277948
So, pests and Howard fans need to unite and spread the word. Buy everyone SiriusXM for the holidays. There's something for everyone, now.]]> Thu, 09 Oct 2008 14:41:01 -0400
So, pests and Howard fans need to unite and spread the word. Buy everyone SiriusXM for the holidays. There's something for everyone, now.]]> http://seekingalpha.com/article/96221-friends-don-t-let-friends-buy-stocks-look-at-state-street?source=feed#comment-259404 259404 Fri, 19 Sep 2008 15:10:59 -0400 http://seekingalpha.com/article/92460-sirius-xm-cramer-wars-part-ii?source=feed#comment-238673 238673
2. Following from point one, saying "Jim Cramer recommends X as an investment," is like saying, "Ben Stein says you should own a variable annuity." (He does, and sales of variable annuities are not picking up.)

3. General Electric and its various subsidiaries surely have some sort of policy that discourages its employees from using company property to further massive securities fraud schemes. That may even extend to Jim Cramer having all or most of his money in blind trusts or something, since, you know, he talks about stocks and stuff.]]> Mon, 25 Aug 2008 14:18:23 -0400
2. Following from point one, saying "Jim Cramer recommends X as an investment," is like saying, "Ben Stein says you should own a variable annuity." (He does, and sales of variable annuities are not picking up.)

3. General Electric and its various subsidiaries surely have some sort of policy that discourages its employees from using company property to further massive securities fraud schemes. That may even extend to Jim Cramer having all or most of his money in blind trusts or something, since, you know, he talks about stocks and stuff.]]> http://seekingalpha.com/article/89700-a-penny-saved-sirius-tops-street-by-1?source=feed#comment-225231 225231
Anyway, to your point, the top 10 'big sticks' own 20% of the company, and institutionals own about a third of the float. Note that Apollo's Fund IV owns 6%, and those guys are pretty smart. They make Wall Street look like E-trade boobs. Here is the full list:

finance.yahoo.com/q/mh...

Any index that adds SIRI will increase those numbers by a sizable amount.

Also, many institutions have investment guidelines which prohibit no help to SIRI), probably the issue behind the reverse split idea.

]]> Thu, 07 Aug 2008 12:35:55 -0400
Anyway, to your point, the top 10 'big sticks' own 20% of the company, and institutionals own about a third of the float. Note that Apollo's Fund IV owns 6%, and those guys are pretty smart. They make Wall Street look like E-trade boobs. Here is the full list:

finance.yahoo.com/q/mh...

Any index that adds SIRI will increase those numbers by a sizable amount.

Also, many institutions have investment guidelines which prohibit no help to SIRI), probably the issue behind the reverse split idea.

]]> http://seekingalpha.com/article/89382-lehman-jp-morgan-weigh-in-on-newly-formed-sirius-xm-radio?source=feed#comment-224105 224105
Here is the link to the most recent XMSR proxy: sec.gov/Archives/edgar...

You'll probably have to do more digging if you want to know details; their various agreements will be exhibits to certain SEC filings.]]> Wed, 06 Aug 2008 12:10:27 -0400
Here is the link to the most recent XMSR proxy: sec.gov/Archives/edgar...

You'll probably have to do more digging if you want to know details; their various agreements will be exhibits to certain SEC filings.]]> http://seekingalpha.com/article/89111-sirius-stock-up-as-ceo-buys-two-million-shares?source=feed#comment-223259 223259 Tue, 05 Aug 2008 12:34:56 -0400 http://seekingalpha.com/article/89111-sirius-stock-up-as-ceo-buys-two-million-shares?source=feed#comment-223249 223249
"Stock Ownership and Holding Policy. We do not require specific ownership or holding requirements for named executive officers. "

Was there a superceding statement made in some other filing? Here is the link to every proxy SIRI has filed:

sec.gov/cgi-bin/browse...]]> Tue, 05 Aug 2008 12:22:01 -0400
"Stock Ownership and Holding Policy. We do not require specific ownership or holding requirements for named executive officers. "

Was there a superceding statement made in some other filing? Here is the link to every proxy SIRI has filed:

sec.gov/cgi-bin/browse...]]> http://seekingalpha.com/article/88798-sirius-xm-show-or-tell-a-rebuttal?source=feed#comment-222466 222466
This was always a longshot bet in the short-term, but the merger means this company will be around for years. Now they must compete for ears with the other options, and you do that with content, marketing and cost control. Terrestrial is dead and HD won't save it, but you are not going to beat iPods for music. That said, name the CD-spinning DJ who makes 10% of what bloated smack-addict Rush Limbaugh, or Howard, or O&A, or Imus make. That talent gets paid because it can't be replicated by an iPod. Same with sports. Going forward, if people want to be on SRAD, they will be on SIRI, so it will be cheaper to buy that talent than it was with the two competing bidders. That part of the cost savings likely isn't built into the models yet.

Say what you want about the shorts, they created the self-fulfilling prophecy during the merger vacuum. They chased the stock down, and had the merger fallen apart, they would have done even better.

I am a stockholder, but I am not a cheerleader. I averaged down starting at $2.75 to about $1.90, but it's in my IRA, and I'm not 59 for 20 years. If SIRI is still around then, it will be worth a lot more than it is today, and if it isn't, it will be because it was bought by someone else along the way. It's not going bankrupt.]]> Mon, 04 Aug 2008 13:24:13 -0400
This was always a longshot bet in the short-term, but the merger means this company will be around for years. Now they must compete for ears with the other options, and you do that with content, marketing and cost control. Terrestrial is dead and HD won't save it, but you are not going to beat iPods for music. That said, name the CD-spinning DJ who makes 10% of what bloated smack-addict Rush Limbaugh, or Howard, or O&A, or Imus make. That talent gets paid because it can't be replicated by an iPod. Same with sports. Going forward, if people want to be on SRAD, they will be on SIRI, so it will be cheaper to buy that talent than it was with the two competing bidders. That part of the cost savings likely isn't built into the models yet.

Say what you want about the shorts, they created the self-fulfilling prophecy during the merger vacuum. They chased the stock down, and had the merger fallen apart, they would have done even better.

I am a stockholder, but I am not a cheerleader. I averaged down starting at $2.75 to about $1.90, but it's in my IRA, and I'm not 59 for 20 years. If SIRI is still around then, it will be worth a lot more than it is today, and if it isn't, it will be because it was bought by someone else along the way. It's not going bankrupt.]]> http://seekingalpha.com/article/87880-a-satellite-radio-giant-s-surprising-small-audience?source=feed#comment-219471 219471 Thu, 31 Jul 2008 13:24:28 -0400