siri_investor

Sirius Finally Provides Wall Street the Clarity It Demanded

Long term shareholders will get the royal shafting if there is a reverse split. IT WOULD NOT BE A GOOD THING!


On Nov 13 03:15 AM User 297255 wrote:

> Good article. People need to understand that a company's valuation
> is based on market cap, not stock price. The stock is trading at
> nearly a third of its foward sales, boasts excellent growth, and
> is a genuine market changer.
>
> It would be a good thing to issue a reverse split, espeically once
> SiriusXM starts posting positive EPS as growth will be more visable
> on an earnings per share basis.
>
> Also, all this nonsense about dilution of shares if they do not get
> the refinancing done is a non-issue. In the long run, it doesn't
> matter how the `09 debt gets settled, it just determines where the
> liability shows up on the books. (In other words, future cash can
> be used to pay off debt or buyback shares)
>
> Finance 101 tells you it's all about cash flow. That is the only
> metric long term investors should be concerned with. The latest conference
> call suggests SiriusXM is very close to being operationally cash
> flow breakeven.
>
> There is alot of emotion and price manipulation surrounding this
> stock, patience will reward the long term holders.