SiriusXM - Jason

Sirius Finally Provides Wall Street the Clarity It Demanded

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.