milanjs

Sirius XM Doubles Up on Sports to Sack More Revenue

Had to take a nap while the infantile crybabies ranted and raved about Tyler - who just put out opinons. These fools just give the serious investors the profits we make in the market. I am new to the market, but before I put my hard earned cash in a stock I READ, RESEARCH AND READ SOME MORE. Now mind you, there are still MANY things I don't know and I am learning (thanks cos1000 - found how the shares increased), I still come to the table prepared - they don't and then blame some one else since they are too cowardly to admit that they were lazy and incompetent. SO GET OVER IT AND GET OFF THE BOARD unless you have something to add to the knowledge base.

And thanks to the contributors who take this seriously and help us (especially me) understand the complexities of this market.

Sirius XM Doubles Up on Sports to Sack More Revenue

p.s. like your name KILAkaul

Sirius XM Doubles Up on Sports to Sack More Revenue

I maybe new to the market, but my average cost for my SIRI is only 1.68, cause I looked at the cap and figgered ain't worth 4 bucks - so didn't buy - even when the talk was a pop to 5 on the merger approval.

Sirius XM Doubles Up on Sports to Sack More Revenue

You know KILAkaul, just maybe you don't belong in the market - if you bought SIRI so that you're down 90% - you gave alot of money away. Even with the positive spin given to SIRI, if you don't research the stock you are giving it to people like me! ........OH, maybe you should stay in the market!

Sirius XM Doubles Up on Sports to Sack More Revenue

by the way cos1000 - were you calling me the nut? I'm just trying to figure out why the street is treating SIRI so badly - that merger debt is 5+ years out and with profitability projected for 2009, it shouldn't be that big an issue in play. IF it is, I would like to understand the reasoning.

Sirius XM Doubles Up on Sports to Sack More Revenue

cos1000 may have given a hint on whats happening - the street maybe treating the convertible debt incurred for this merger as shares that must be issued by 2014 ( the current 1.5 will not cover the amount needed to cover stock swap amount) Am I reading this right?

Sirius XM Doubles Up on Sports to Sack More Revenue

Hey all you guys - have any of you checked on what the street thinks is the outstanding number of shares? I've read as high as 3.2 B - and for the life of me can't figure out where these higher numbers came from. Anyone doing their homework would read the SEC filings and see that SIRI has never filed for an increase in stock issue - so what is it? Anyone really know? Number of shares is the measure of what SIRI will trade at. At 1.5 B (the only number I could verify) and revenues at 2.4 B the stock should be valued at 3.20 per. But if you use this 3.2 B then you are really looking at a value of about 1.45 per. So what is the street really seeing and what is fact - anyone out there that knows?

(and the combined sports programming is the future of satelite radio - the regular radio stations are already feeling the hurt from ipods, CD's and MP3's and now internet radio - sorry, music and regular news will not make satelite a winner. It will be sports first, news/traffic-for integration with gps, and special interest talk last that will make this a winner)

Sirius XM Radio's Q2 Call Keeps Investors Guessing

I am not really sure about what is happening with the stock. But here is what is apparent.
1) Sirius XM management did not provide any forward looking comments designed to increase stock desireability. (looks like they want the stock to trade lower, for the time being)
2) The valuation of the stock (from a longer term perspective) is way too low - looking at standard valuation practices ( I won't go through the formuleas) should be much closer to $3.00 per share. Considering the debt taken on by the company for the merger, it should be of little concern since the debt is long term, due in 2014 (if I read the release info correctly) and the company is projected to be profitable by 2009 - so should easily be in a position to repay the long term debt.

Looking at both these facts, I do get the feeling that Sirius XM may be responsible for the stock pricing lower. This leaves me with the impression that the company may be using this situation to possibly buy shares at the depressed price to improve the companies long term position when the merger debt becomes due (I don't quite understand how they structured the deal - but one thing is clear - they didn't issue more stock but used borrowed stock to finance the deal. Hypothetically, if the financed price was at $1.87 per and the company can aquire up to 50% of the stock used as collateral @ $1.40 to 1.45 and then can get a kick up to $2.20 to 2.30 then the debt is completely covered, with only an outlay of the initial cost of shares (far less then the inital estimates of 4.3 billion when the stock was trading @ about 2.50). Any kick above 2.30 is gravy. I am foggy on how they are structuring the details, but I believe that Sirus has to provide Sirius stock to the XM stock holders - only way they can do that is buy it, unless they issue more stock. Since they 'borrowed it' for the merger - they still have to buy it in order to satisfy the conditions under which they borrowed. Am I wrong?

If some one has a better picture, be glad to listen.