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Liberty's Sirius Preferred Stake Expected to Be Spun Off

One possibility that now hangs out there is that SIRI will issue more stock as they reserved the right to do, dilute shareholder interest again, but buy the Liberty stake back. This is at the cost of dilution and shareholder value. But it ensures that management and talent will continue to get their money at cost of dilution. This is what I think is possible about their leverage play. To use stockholder money to keep themselves in the money.

Liberty's Sirius Preferred Stake Expected to Be Spun Off

Thanks Pell, I am making suggestions only. I like many can only try and analyze in order to make investment decisions. All the factors can be looked at. It's not a matter of bias just trying to be objective.
I have no beef with anyone and just ascertain which fundamentals work and which are wrong. Sometimes managements are wrong,
ie. Lehman's, Bear Stearns. It's nothing against Mel and Co., it's just are they doing the right thing. When the SIRI was on the brink they did little to cut the expenditures, especially on high price talent and some of their fees. This tells everyone they were not willing to sacrifice for the survival of SIRI. The play with Malone fell right into the category of leverage. In otherwords, how was SIRI going to pay Malone. The leverage play as we now see might be for Liberty to sell their stake, less than actual market value, and walk away with a bundle. The problem is that, if SIRI can not buy the stake back, then Malone could sell to another investor who is only interested in the leverage investment play again and not sat rad. They just buy the stake based on the assets and values and when the time comes they will sell their stake and so on, and so on. They have no interest in sat rad, just the leverage play. I mentioned in a previous blog the money game is outside the actual sat rad business. They will only want to protect their investment not the sat rad product.
Again I am only offering views and don't know concretely what might happen. I bring it to the blog to open and broaden a discussion and read others views with out animous.

Liberty's Sirius Preferred Stake Expected to Be Spun Off

I've said it many, many times the leveraging play is to make the money upfront and pass it on. Each one takes out their money and they keep passing it to the shareholder. They may dilute again now or wait until after a r/s to dilute and raise more funds, but always taking out funds. If Liberty gets out of their stake that's exactly my point.
He takes his money out upfront. Those who thought he was going to get it back out of revenue now see my point. They keep leveraging to take money out against the value and assets. I know there are a lot here who are staunch supporters and bash everyone who is looking deeper into the analysis of managements
role, but you are bashing the wrong people. You should take it out on those who are running SIRI into the hole. And some should be thankful there are people calling them out on this. Don't get me wrong we all want thep/s up, how is it going to happen with this management.

Liberty's Sirius Preferred Stake Expected to Be Spun Off

Basic business fundamental 101, Debt structure relative to expenditures and anticipated revenue growth. Bottom line the business model of SIRI is flawed because mangement leveraged the company before it cut the high priced talent and management fees.
The expenditures should have been reduced a long time ago. This would have created a larger cash reserve. There were articles after articles about the mismanagement and many here refuse to accept that. The last blog thread from Nov. 11 posted a comment from an independent advisor who described it as the worst management ever. Yet know one here bashed that claim. There was a blog recently about SIRI from Audit serv. who said SIRI is at the highest media risk. In the Los Angeles times aricle about Hartenstein there was a reference about SIRI facing media challenges from the changes in media delivery, ipod and streaming. Yet some people here will never recognize that many people in the investment world have identified the problems with SIRI as run by the current management. But some here are always
quick to bash and tear down someone writing about SIRI objectively
and they go on to praise, praise praise SIRI management. It has nothing to do with the product but who is running the show. So now Liberty walks away with a billion and SIRI has to scramble again to deal with possible M & A and debt. This exactly what I was saying about how leveraging works and the backroom deals that go. Let the leveraging begin. As some one here just said the longs are going to get caught in the cross fire. Which is exactly what happens thru back room leveraging.

Barrington Raises Sirius XM Price Target on Q3 Report

In L.A. Times business section Friday an article about the chairman Hartenstein there was a comment. Quote, from Fred Jacobs, president of Jacobs Media, a Southfield Mich. consulting firm, he said " the industery had run into an explosion of new media-from ipods to streaming radio- now faces a tough slog in an environment where the consumer expects everything for free". Whether any one here wants to look at the changing media environment or not is to show an inability to grasp what SIRI is up against in the near future. For instance AOL radio now has streaming radio of 350 stations.

Barrington Raises Sirius XM Price Target on Q3 Report

Jerrold you're as dumb as they come. A total brick wall.

Barrington Raises Sirius XM Price Target on Q3 Report

Gee, I've been saying that all along. I guess you guys are going to say I copied from him or we all work together. Why is it some other respectable people can see it the same as some here. But I guess you all will discount this because it doesn't fit your scenario's and push for management.
The other day there was a new blog about SIRI branding which I praised and gave kudos to Pell for being right and then in a couple of hours the new blog was gone. How does that happen?

Sirius XM's New Brand Campaign Signals a Major Change in Direction

Finally some signs the body is not dead. My position on management
is get going or get out of the way. Maybe their eyes are opening and they're coming out of the coma and jiggling the wires to get some spark. At least it's sending up positive smoke signals instead of just blowing smoke up everyone's yahoo. Kudos to Pell, he has been on the case.

Barrington Raises Sirius XM Price Target on Q3 Report

Pell, you're right about r & d and branding as a big help. Hope it happens soon. If Malone is the only angle to fund it then all the eggs are in the Liberty basket. Thanks for the thumbs up. It's all been great entertainment from everyone lately. Hope everyone gets what they want.

Barrington Raises Sirius XM Price Target on Q3 Report

Ha,Ha, Ha. Good laugh today guys. It's like were all riding the Titanic and every one is bashing each other about whether we're going to make it. Some in the life boats, some overboard and others singing on the deck while the iceberg market crushes the hull.

Barrington Raises Sirius XM Price Target on Q3 Report

Still no one comments on SIRI stock is a buy to go from $.60 to $1.25 with all it's problems. Isn't Brandon's article about Barrington's call for s/p to go $1.25? So fellows, why is SIRI a buy now for the investor?
Let's keep to a discussion about the merits of SIRI as an investment now to get the p/s higher. Isn't that what everyone here is saying should happen and all those against are bashers. What's the pro side of SIRI as an investment and a good stock play? You bash every one who throws out a negative, so let's hear what the positive is for investors.

The Importance of Positive EBITDA to Sirius XM Shareholders

Mis-spelling. Kind of silly jealousy. Check out today's blog. SIRI will prosper you say. It will go from .60 to $1.25. Can't wait. whoopi. You'll be rich. You can now buy a big whopper at burger king instead of a junior.

The Importance of Positive EBITDA to Sirius XM Shareholders

Amazing how envious people are about others success and wealth.
My house value has gone up. Bought it right, in the best location. Low taxes with prop. 13. Some peoples success show how substantial their genitalia are. Nothing for me to worry about. I guess you dream about male genitia and probably being rich. Isn't that why you play the market. Still dreaming though. I'm enjoying mine and the ladies with my largesse in the market and otherwise. But you guys keep trying.
Not even close to hitting the mark. Kind os silly jealousy.

Barrington Raises Sirius XM Price Target on Q3 Report

So explain me to everyone, what is the demand for SIRI stock now? Why should investors buy SIRI now to get to the $1.25-$1.50 mentioned in this article. Is there some pent up demand for SIRI stock? With possible r/s, 40% leverage, short trading and stock manipulation, news media antagonism, future profits hinged basically on auto conversion and debt and budget problems, what is the reason investors are going to buy the currently diluted SIRI stock with high outstanding shares? Is it to go from $.60 to $1.25? With all the other trades on the market with other stocks, why would an investor jump into SIRI? Am I missing something about how good a deal it is today to buy SIRI shares? Please expalin it to me and all the other investors waiting to pour money into SIRI? NOT.

Barrington Raises Sirius XM Price Target on Q3 Report

So basically you are saying it's all tied to the growth in auto and that the conversion will be the revenue growth. This in turn, with budget,
cash and debt restructuring will make SIRI more profitable and then the p/s will rise based on each quarters rise in profit. Therefore, an investor should count on the auto sub growth as money in the bank and not worry it won't happen. I'm just trying to get a perspective on what the investor can see as to why a buy is a solid investment. It's basically a confirmation that there will be subs growth for sure. There is no speculation. As far as recovery, we know for sure that the consumer will spend money on sat rad instead of smartphones. They will have that much money to spread around.