A Tale Of 2 Economies
It seems like a lifetime ago, when I tinkered with the idea being an auto mechanic. It was time well spent as there is nearly nothing that I cannot fix on a car to this very day, save for that darn check engine light.
So when my wife’s car needed a clutch which did not fall under the vehicles warranty, I knew immediately what to do. I had her take it directly to our local mechanic!
Shortly after that, I watched a special on PBS. One very knowledgeable guest whom I wish I could properly credit pointed out the basic fact that during the great depression, the bulk of the country was chiefly employed in manufacturing industries. He also pointed out that the country has shifted greatly to being service employed in the past decades and as such, does not expect the big bust to be nearly as bad as the media would like us to believe.
Looking into this theory a bit deeper, we see that industries such as construction and auto manufacturing have been hit hard. These are manufacturing industries. Wall Street has also taken its hits but consider that its investment banking services derive almost all of their income from manufacturing firms.
On the other side of the equation are companies like Sirius XM radio, which despite cries of depression/recession, seem to be growing revenues and cutting costs, while improving their balance sheets during these tumultuous times.
My own experience has led me to subscribe to this theory with all of my being. I work in a service industry, and business is booming for me. In fact, finding time to write seems to be my biggest challenge these days.
Years ago, former Sirius CEO Joseph Clayton made the statement that those that were betting against Sirius were betting on the wrong horse. I think these times call for a repeat of that sentiment.
Position: Long Sirius XM
What is this bullshit fluff? Give us some real news instead of this opinion based bullshit. What is this, deep thoughts with brandon matthews.
Go start your own blog for your rmbling thoughts for half baked shit. Subscriptions are down, costs are being cut, talent is being lost, and the stock is at .13 you asshole. A tale of 2 economies, give me a fucking break.
Here some real news asshole!…In the last Week Sirius has Closed up 3 Days in a row…There has been anouncements that Sirius will be heard on the Iphone, Blackberry and on mac computers..In the last month they have paid there debt down almost to half…In a economy that is on the border of a complete crash Sirius has grown by 16%..They will be in almost 100% of new cars, They has the best over all catalog of songs secound to none…They have lost nobody Bubba made a choice to be in 2 places at the same time..Sirius and free radio..So who is rambling on about Bullshit…YOU are so climb back in your hole…
See, now that is actual news, with actual facts. Why don’t you write for this site?
And who are you Brandon’s girlfriend? Why the hell would anyone stick up for someone like that, if it wasn’t themselves with another screen name?
BTW, their body of songs is hands down, sub par and they also lost Jim Breuer along with Bubba, talent is leaving left and right.
I still listen/love Sirius and Brandon should still go start his own blog of random bumbling bullshit about how he once wanted to be a mechanic, his wife’s car needed a clutch, and that he likes to watch PBS.
I dont even know Brandon…I just get tired of people who have nothing better to do then bash something I really love and I am vested in. Before Sirius I never knew anything about the stock market I have learned a lot but what I cant figure out is What people have to gain by being so nagative on Sirius unless they are in bed with the enemy…Sorry but I take it very personal…
You my friend picked the wrong stock to bust your cherry with. You’ve got a long road ahead of you and if you keep picking winners like this, it ain’t going to be much fun either.
I guess it depends…I started buying at $2.37 but not much a few thouand shares.. Now I have 25000 @ .51 avg..I be just fine and will be buying more…I also feel very Good about it….My friend!
Mike the Rookie says: “Go start your own blog for your rmbling thoughts for half baked shit. Subscriptions are down, costs are being cut, talent is being lost, and the stock is at .13 you asshole. A tale of 2 economies, give me a fucking break.”
Umm… If I recall, this IS our blog, not yours. Brandon, myself are both contributors, with the site itself belonging to Tyler and Charles.
If you do not like what is being posted here, I suggest to you the exact same thing: GO sart your own blog and post what ever the hell you want. There is nothing wrong with opinion peices.
Finally someone said something that makes sense. Hail to the “Chief”.
Whoops, maybe spoke too soon. I guess at this point you got to make yourself want to believe all is well in Kansas.
Um um,that Mike the Rookie dude sure did rip Brandon a new one.
Brandon, is right you will see just in a few weeks.
I don’t see the need for all the vulgarity…but I guess that with the stock at .13, it just brings out the “best” in folks….
:>)
Seriously though….SIRI is struggling and it is truly a speculative bet!!! But I truly believe in the business of Satrad….therefore….
I’m long in a big way….and I’m staying long till I GET RICH OR DIE TRYING…….
Happy New Year Folks…..
“In fact, finding time to write seems to be my biggest challenge these days.”
… and believe me it shows.
nice article, screw the haters. Yeah people dont understand 2009 is not 1929. two tottaly diff worlds
wow mike dont hold back lol
Wow, Mel must have went around and pissed in everyones corn flakes this morning.
Volume was at least high today, and the pps went up, long time since I saw that with this stock.
0.189 in premarket this morning!!!
?????
This is definitely something I have not seen in months!!!
Oh I see why, never mind.
Extended Hours
0.1437 0.0052 3.75%
as of 07:56 PM EST on 01/06/09
Just another day in the life of a siri invester although the last few days with possitive PR releases and a little bump in PPS was a little relief like cool drink from a dry well.
Nice comment, but Karmizan already reiterated that statement on Mad Money in his last appearance. Thats one reason I keep buying this company is I like that attitude and I love the product.
when was he on Mad Money again?
Hey, Gm was down not long ago. If you can’t find something interesting on SIRIUS XM then you need to go to another planet. If we can avoid Depression II SATRAD is a serious player. A lot of competition to be sure, but nothing for an auto or boat that is as simple and varied as SIRIUS XM. And when your cell phone also becomes you SIRIUS XM receiver, ease of use goes sky high. Along with the SP. Why did it not go to .05 or even .01, like most companies on the way out? When the shorts panic, look out.
I’m wondering when they are gonna pull their heads out of their azz’s and figure out a way to leverage their capabilities with microsoft to develop a portable Zune/SIRI player that allows people to have 2 great worlds on one device that they can dock and listen to wherever…and give the IPOD something to worry about as they watch their market share erode!
EBITDA This should be our focus. Forget all the other noise blaring in the headlines about SIRI survival/non survival. EBITDA is the key! Based on the synergies projected and those realized already we are moving in the positive EBITDA direction.
Look at the 9 to 24 month projections of EBITDA. Refinancing of all the existing debt is on the way! Just can’t see Karmazin hinging his “media legacy” on a failed business. Can’t see him staining his “media legacy” like that.
I’m long SIRI.
14 cents today….my average pps 61 cents….
bought at 11 cents last week….bringing my pps down, finally back into striking zone.
still when I am happy that the stock went from 11 cents to 14 cents, I do not brag that the company is doing well.
agree this article is fluff, but still nice to see someone positive about the stock, and if I recall brandon was quite negative at one time.