BEST OF Programming Already Adding To Bottom Line
I write about satellite radio. I have Sirius, and have had XM. It sort of comes with the territory when you cover this sector, so when the availability of the BEST OF programming was announced, I found myself compelled to at give it a try.
This morning I put my investigative cap on and called customer service to not only add the new programming, but to ask a few additional questions as a “curious consumer” so that I could write about my experience.
Tyler - How is the response to BEST OF? Are you getting a lot of calls?
Customer Rep - Actually yes, we are getting a great response so far. I’m surprised by the number of calls adding the service. Did you want to add it month to month or pay for a full year?
Tyler - Well, how much will the service be if I do a full year?
Customer Rep - Your annual plan just lapsed a couple of weeks ago, so you are on a monthly plan right now. It would come to $186.89 if you renewed for one year with the BEST OF. This gives you 1 month free.
Tyler - I see, if I pay month to month it would come out to $203.88 for a year. Do a lot of people take advantage of the annual plan?
Customer Rep - Not everyone, but many do. You can break it up into two payments, so that makes it a bit easier for people.
Tyler Okay. Give me the full year, and break it up into two payments.
Customer Rep - Great, you have a small credit on your account, so we will apply that first. The balance will then be $177.67. Half will go onto your account now, and the other half next month. Do you want to use the credit card we have on file?
Tyler That would be fine
Customer Rep Great, you are all set. You have a Stiletto 100. When you turn it on you should see a channel update. After the update completes, power the unit off and on again, and you should be all set. If you have any problems you can always call. Can I help you with anything else, or do you want any of the other radios on your account upgraded?
Tyler - No Thanks
The conversation gave me a good feeling about what is happening with the BEST OF programming. Seeing that the passionate satellite radio subscribers are reacting well to the initiative is great news. Likely, many people are adding right to their existing plan, and therefore paying in advance. This brings cash into the door. If the reaction is substantial, it could mean millions of additional cash on hand for Sirius XM Radio as they go into Q4. Such cash would not only bolster the companies position, but give them some latitude in marketing expenses to promote not only the BEST OF, but A-La-Carte as well.
With all of the bad news of late, this little conversation gave me a bit of faith in knowing that the wheels of satellite radio are still turning, and that while the economy has many people concerned, they are still opening up their wallets to get the additional programming being offered.
In many ways, Sirius XM announcements lately have fallen victim to the overall bad news of the economy. We now have the potential of seeing the bailout package approved before the weekend, and Sirius XM to have positive things to say on October 6th. For once, the timing seems to work in the favor of satellite radio.
Position - Long SIRI
October 2nd, 2008 at 1:50 pm SXMInvestor Says:
I did notice that when you go to add these services online that you wind up paying $ upfront, which should help the cash flow.
It’s a slick move by Sirius on their design.
October 2nd, 2008 at 1:52 pm dixon Says:
Tyler, I think the near-term cash impact will be even greater than people realize. Here’s something I posted over on the Yahoo board regarding this:
While I was upgrading my XM basic service to include the “Best of Sirius” service tonight, it occured to me that this new feature will generate much more near-term cash flow than people realize. Here’s why:
When you modify your existing service, the billing process will credit your account for the remaining life of your existing sub and then charge your account for the entire amount of the new sub. The result of this is a “reset” of your existing subscription. Basically, your extending the life of your sub and paying for it up front in addition to the premium you’re paying for the upgrade.
Here’s an example using rounded numbers. You have a standard $12 per month sub for which you paid $144 six months ago. You now want to upgrade at $4 extra per month for the “Best of” package. Assuming you maintain a 1yr sub, the billing process will credit your account for the remaining six months left on your existing sub (6x$12=$72) and then charge you for a full one year upgraded sub (12x$16 = $192). This transaction results in $120 cash to the company, FIVE TIMES the cash they would have received if they just billed you the diff of $4 over the final 6 months of the existing sub.
Of course, over the long-term the only additional cash generated is still just the amount of the premium service, but reseting the subs will provide a much bigger boost to near-term cash flow than I think people may realize.
October 2nd, 2008 at 1:59 pm JasonL Says:
Thanks Tyler for shedding some positive light in a storm of negativity.
October 2nd, 2008 at 2:05 pm frigginregan Says:
This kind of reminds me of when I used to sell memberships for a small gym chain. MOST gyms prefer to sell only paid monthly memberships because it guarantees a constant chunk of revenue EACH month as the year goes on.
If EVERYONE paid in full…that constant stream of monthly revenue would dry up.
ONLY if a GYM needed immediate cash for renovations or was in debt would they push the short term PAY IN FULL gimme your cash model.
Unfortunately I worked at the gym where management pushed the PAY IN FULL option, and it was very stressful as a salesperson.
I can see why Sirius is pushing the pay in full option. And as a shareholder, at least for the short term…I approve of the tactic.
I HOPE that they don’t have to rely on that model for much longer. I just want this debt to get refinanced…and for Sirius XM to go back to pushing the more monthly model where a steady and constant flow of money is coming in EVERY month. I’d much rather have 19 million subscribers pay EVERY month than 8 million every month and ONCE every year 8 million others pay.
In regards to the Bail Out Bill passing the house again…I’m nervous. The Senate approved, but changed it and added SO MUCH FRIGGIN pork to it that the response from the House could be even WORSE than the 1st bill.
There is ALOT of pressure on the House to pass the bill this time, so there is leverage….but I am worried. The NY Post front page had a pig head in a business suit with the headline OINK! OINK!
There could be a backlash and it could be rejected tomorrow.
And knowing Sirius luck…that is TOTALLY POSSIBLE!
God I hope not. I just want Sirius to have a friggin chance to refinance a favorable deal…and FINALLY get a break where a POP upwards FINALLY can happen.
This two year anxiety ride is the reason why I am probably going to sell once I reach my break even point(IF I am so lucky)….instead of holding for the even longer ride up for a profit.
I just can’t take that chance again. THIS time I want to cash out when I get a chance. Knowing my luck THAT is when Sirius would EXPLODE upwards. LOL.
But I don’t think I could take another DROP back down should I decide to HOLD again.
I’d rather take the chance and get out with ALL the cash I ORIGINALLY put in Sirius over 3 years ago.
THAT is what would make me happy.
I have the feeling if I do that…I will have plenty of chances to get back in before Sirius REALLY explodes upward.
I just don’t trust that Sirius can do that short term. I have so many stocks that I KNOW can double once I got out of Sirius.
LOL….but first Sirius has to get back to $2.50 for me to break even. LOL.
Lord help me.
October 2nd, 2008 at 2:37 pm Thanks FCC Says:
Friggen,
If you only got paid per rant on this site you would have already covered your losses.
Thanks for keeping the conversation going.
If not Friday, then eventually, the house will NOT NOT NOT let this bailout fail. They will resort to the same old tactics they have always used. Find the 12-15 guys who are against the bill and LOAD it up with the fat they can’t refuse. It all boils down BRINGING HOME THE BACON. That is what keeps Ted Kennedy in the senate for a 100 years.
I’m calling a bottom on this stock. Mark the tape!!!! Bailout plus the good news I seeing with the Best of has to be the beginning of the resurgance.
October 2nd, 2008 at 2:55 pm frigginregan Says:
I hope you’re right. I hope this is the OFFICIAL bottom.
But the sobering thought is that a DOUBLE would only bring it back to $1.20 amd a triple only to $1.80!
Hard to believe.
The stock would have to more than QUADRUPLE just for me to break even….and my average cost is just over $2.50!!!!
QUADRUPLE!!!
Thats alot to hope for JUST to break even.
It’s amazing that there was a time that I was once hoping the stock would double so I could double my money. And Now it’d have to more than QUADRUPLE for me to break even.
Ok…I will stop now.
Come on Palin Debate…I need a good laugh.
October 2nd, 2008 at 2:56 pm stasva Says:
what is happening on October 6th?
October 2nd, 2008 at 2:58 pm horsecork Says:
The concept that the bailout will loosen up cash for lending is misleading. If people don’t have the credit score, they ain’t gonna get to borrow the money no matter what. There are no provisions in the bill that will entice the banks to lend the money. In fact, they will be rewarded in interest payments for maintaining cash reserves.
The idea that SIRI needs the bailout to occur to borrow many millions is also misleading. Mel can get the money. Now whether the market will implode, is already being tested. The sky has not fallen, even though Paulson said it would. Recall that Paulson, McCain and Bush assured us that the fundamentals of the economy are strong just a few weeks ago. The bailout could do much more harm than good as Paulson divies up the money to his friends (Goldman among them) and they start the looting all over again. There are no provisions to prevent repeating the actions.
It is quite possible that SIRI will not be affected by the bailout either way.
October 2nd, 2008 at 3:00 pm ivs Says:
i worked in M&A as a lead financial analyst doing valuations and pro forma P&L’s post synergy. I got to see just how accretive acquisitions can be and the favorable impact on the bottom line… Once the synergies are achieved (takes time to show up in the financials) all excess revenue will fall to the bottom line. The core Operating Expenses will stay the same or get reduced when contract renewals are negotiated… Just chill.. It must happen just as the night follows the day.
peace out
October 2nd, 2008 at 3:29 pm frigginregan Says:
Exactly Horse. You wanna talk conspiracy? What about the FACT that Paulson met with the head of Goldman after Lehman went under.
A week later Goldman suddenly become a regular Bank? And the following week this Bail out for banks is proposed by Paulson and shorting of banks is banned.
Talk about things that make you go HMMMM???!!!!!
No wonder people are comparing this to the Iraq War. The use of FEAR to RUSH to WAR is no different then when Paulson USED FEAR to RUSH this TRILLION DOLLAR bail out to his rich bank buddies thru. NOT TO MENTION WITH NO OVERSIGHT.
Kinda reminds the secrecy surrounding the Iraq War all over again.
I just WISH I was out of Sirius and watching this from the sidelines.
It’s like we have it worse than EVERYBODY, because us Sirius Shareholders have been on an emotional rollercoaster ride for over 2 years now. Our stomach has been in knots so much longer before this Crisis. We’ve had NO relief from it.
Now suddenly EVERYONE is in the shit….but for us…it’s just extending the pain and frustration.
Oh look, we’re back in the 50 cent range again. GREAT.
I need a good laugh. That Palin debate can’t come soon enough.
October 2nd, 2008 at 3:30 pm cos1000 Says:
frigginregan, just a thought, if Sirius SP gets you to break even from hear, something good has got to be going on. If after all this time the momentum is going the other way, wouldn’t you want to look at what’s driving the momentum change and decide then? After all this time and riding the stock through all of its bad times, you would choose then to not make a profit, when things are finally going in the right direction?
October 2nd, 2008 at 3:32 pm SiriusXMInvestor Says:
I hope Biden is wearing a pair of Depends tonight. I would hate to see the shit dripping down his leg.
October 2nd, 2008 at 3:43 pm Thanks FCC Says:
Yes at the personal level, this bailout means future generations destroyed with debt, but for corporations there will be more capital in the system and less competition for that same $300M of financing. The financing Siri obtains must have better terms due to the increase in credit supply. So even though Mel will get financing regardless, the bailout has to help the terms he will negotiate. Clearly this is one of the major reasons he has yet to announce anything on the debt.
Banks are much more likely to lend to a large company such as Siri than you, me, or a small business because it costs them less.
For the country I am against the bailout but should it pass I can’t see it doing anything but driving up the stock price.
October 2nd, 2008 at 3:50 pm frigginregan Says:
Cos…i look at it this way…as I feel NOW. And right now, I would LOVE to be out.
Not because I don’t believe in the company. Just because I can’t gauge it. It is the most manipulated schitzophrenic stock I’ve ever seen. And to be honest…there are SO MANY other stocks that I have been watching over the last 2 years. Stocks that ARE predictable. Stocks that I KNOW how they act.
I cannot tell you how MANY times I could have doubled and quadrupled my money in these stocks during this same period.
So…even tho I believe Sirius WILL have that break out moment where it EXPLODES….something tells me(EXPERIENCE! LOL) that if it did make it back to $2.50…..that it most likely wouldn’t explode from there…but either go DOWN again…or just hover in the $2 range for a looooooong time BEFORE it exploded.
So if I could get out at break even after being stuck for 3 years….and USE that cash in my other stocks….AND THEN get back in Sirius….I will.
It’s just the way I feel right now.
Of course if we start moving to $2.50, and then word comes out from Google that they are want to buy Sirius…and then a BIDDING war starts with MSFT….LOL….yeah….I probably WON’T SELL at $2.50 LOL.
But right now….the reality is we are at .58 friggin cents my friend and this SUCKS!!!!
October 2nd, 2008 at 4:07 pm moe Says:
A simple question… Has Sirius or XM promoted the best of service with either a mailer to each subscriber, an email, a pop up announcement on the radio units, or over the airways?
Just answer me this… without too much clutter. We know about Best Of because we are stock holders and/or fanatics. How has the company told the every day person or current subscriber?
October 2nd, 2008 at 5:06 pm pawife Says:
I have been long this stock since early 05. I bought high, very high. I cost avg down $4, $3, $2.35. I am not an invester guru, I knew nothing about stocks 3 1/2 yrs ago. I just knew Howard is a cash cow for ad revenue, researched Mel and his track record and dove in. BIG mistake!! Some fellow investors told me to keep avg down if possible, I did until I had no more money. SO, with 8k shares and I don’t even want to tell how much I invested I will now buy more shares in one shot(10,000 shares) more than what I have already!! AT another 5K investment for 10,000 shares. I have nothing more to lose, I am already boiling in water!!
BUT, if this thing turns around to $1.50-$2.00(with the 18,000 shares) I will be alright instead of hoping for the $5 run up(8k shares) if and when it ever happens to hit near breakeven. I will HOLD for the LONG haul. I believe Mel will pull off the refi. 2009 could be a decent yr but I am waiting for 2010 to see what I will do. If I lose? I would rather lose trying than say at $5. $6, $8 pps shoulda woulda,coulda!! GOOD LUCK TO ALL!!!!!!!!
October 2nd, 2008 at 5:13 pm horsecork Says:
Look at your online account and see if it has been set to zero. Account info and trades currently unavailable at Scottrade. Maintenance, contributing to the fear factor or both?
October 2nd, 2008 at 5:19 pm SXMInvestor Says:
FRiggin,
Sirius will surpass 2.50 one day if they get the financing necessary to survive.
They are doing all the right things, but the economy, credit crisis is not cooperating.
Mel may have to cut an additional 150 million more than he said (above the 425 million projected next year) in order to make up for the slow car sales & difficulty in getting loans & retail that is not guaranteed to perk up, even with new ala cart and eventually interoperable receivers. *** my opinion of course….
Mel also could be forced to do another convertible unless they get bailed out by some other means, but if you or anyone else is not selling, this would be welcome over not being able to get a term loan.
My feeling is they will get it for Feb, but May is now looming.
No bailout by gov’t and all bets are off.
All I can say is that if you are risking all your $ or $ you will need, be careful because they are walking a tightrope and it’s windy right now.
It’s going to be big % gains if they survive this.
X-ing my fingers !
October 2nd, 2008 at 5:24 pm Winagain35 Says:
Didn’t Mel say during the last fateful CC that he was already in negotiations to defer/extend the May issue?
Seems to me, if we can come up with the 300m in February, the next hurdle with be the December converts, and we MAY be in a much better position to negotiate at that point.
October 2nd, 2008 at 5:41 pm mrk Says:
I have had this stock for a long time now, years havent made any money with it but i have to keep it now, hope for the best and with all the bad talk its still here. Look at gs they went under and so on and so on but siri is still in there down yes but still in the game, keep it long enough and it has to start up. One day i will look at it and it might be what i bought it for, dont want to think how long i might have to wait though
October 2nd, 2008 at 6:11 pm Zach Says:
Sirius could bounce fast. I’m glad I took the opportunity to average down to a double cheeseburger and a small coke, while I could.
October 2nd, 2008 at 6:12 pm frigginregan Says:
The thing that BLOWS my mind is that Sirius was at $3 in JUNE!!!!
We are at .60 cents now just 4 months later.
UN-BE-FUCKIN-LEAVABLE!!!!
It would need to go up 5X higher just to get back to $3 FRIGGIN DOLLARS.
The slow drop over the previous 3 years from $6 to $3 was bad…..but that was only a 2X drop over 3 YEARS!!!
The killer….the REAL AGONY was the 5X drop over the past 4 months.
What made it EXTRA painful was that the NOSE DIVE came after the long awaited HOLY GRAIL of the “MERGER”.
It was like a double whammy with Betrayal on top.
TO have come so far…thru so much and holding for so long….thinking if we JUST could hold on until the merger….we could at least break even after averaging down the past 2 years.
WE dropped from $3 to 60 cents in 4 months. How long do u think it’ll take for us to get back to $3?
4 years? There ain’t no justice.
October 2nd, 2008 at 6:28 pm amIbankrupt Says:
Friggin
2 months ago F**** Cramer said it would double after the merger, he would scream every nite and say BUY BUY BUY
but, also Google was > 750 now in 400, RIMM split 3:1 and was 140 2 wks ago, now in the 60″s
As Paulson said, some people made billions from shorting and ruined the economy, BUT yet he does not want to go after them
SHould I remind you who was responsible for the S&L scandal, the bush brothers and daddy pardonened and bailed eevry one out
October 2nd, 2008 at 6:29 pm vaporgold Says:
FCC…
I agree with you I don’t know if this bail out is good for the country.
Perhaps it should be handled in a different method. Forget the investment bankers, start paying off bad home loans, work deals with the people on the verge of defaulting, lower interest rates etc, start selling the homes that were foreclosed on and spend the money as you go along.
As far as passing tonight or tomorrow, It may not go through. One thing that is on the minds of a lot in the House of Representatives is the election. Some are up for re- election and have been getting thousands of e- mails (50,000 a day was typical) and telephone calls saying not to vote for this plan if they desire to stay in office.
The Senate is safe this time and does not have to worry to much about the up coming election.
I think it really stings us all that we have to give money to the people partially respsonsible for this mess
Can you beleive that we have a national debt problem, and the Senate tacks on earmarks.If there was anything that shows the House and Senate do not have a clue it is adding more debt to debt. Now if the House does the same thing, adding debt to debt to debt
They are insane.All of them should be voted out of office.
vaporgold
October 2nd, 2008 at 6:41 pm SXMInvestor Says:
Friggin,
I sat by my computer that fateful morning that Sirius traded pre-market up to 2.80 the Monday after we heard the news on late friday that FCC approved 3:2.
I had my finger on the sell button pre-market, but could not do it and lost 80 % of my $ from that point because I thought it was worth waiting for “THE POP” when the market opened.
It never happenned and ended at 1.89 and kept falling to where Mel bought 1.37 & then waited for the highly touted “After Labor Day CC”
Neber happenned, but the disastrous Merril Lynch media conference did and then under $ 1 almost overnight.
Then the crawl back to $1.00 a few weeks back on a late friday and we all hoped that was the last time we would see a penny stock, but that hope was also dashed.
Now 60 cents, so the hope it would not fall below 5, then 4, then 3, never 2, absolutely never 1 and now the HOPE is no lower than 50 cents.
What a friggin disaster if I must use your screen name !
At 60 cents with this Bailout vote looming, car sales at a standstill while retail sales are dismal.
Hoping car sales and loans free up, hoping 4th quarter retail perks up with newly merged company.
Will car manufacturers help sirius with loans to stave off bankruptcy, but they could see that themselves.
Maybe Cramer was right when he said this is a lottery ticket.
If you load up here, you could make 5X your $ if it hits $3 or go completey broke.
50k in would turn into 300K or zero.
I want 5X my $ and still feel the hope dreaming of the turnaround in the stock price and Mel showing everyone, but is this collapse in our economy too great is the question I’m asking myself and that’s why I keep getting in and out of the stock.
Danger of being in is it can go to ZERO.
Danger of being out means financing could be announced and could go to 1.35 in 1 day.
Of course these scenerios are only so dangerous when you have all your eggs in 1 basket & I am guilty of this with this stock and still can’t 100% let go because I want revenge on my $.
Very dangerous game.
October 2nd, 2008 at 6:53 pm vaporgold Says:
SXM..
I have never been tied to the whipping post as long as I have with this stock. Just makes me sick sometimes.
The toughest part today is that we can see some light at the end of the tunnel. This stock goes if we get a couple of breaks, the loans addressed, the car market comes back to even pre- bail out numbers and we will be fine.
We are going to have 19.5 million subs, and we should add a couple million each year. I keep telling myself this stock has to take off.
The numbers are there, it just does not seem to happen.Kinda of Crazy
Or like you said going to zero or a forced buy out etc etc.
I simply don’t know any more.
So I will wait and hope.
vaporgold
October 2nd, 2008 at 7:19 pm SXMInvestor Says:
Vapor,
I have this fear that the 12 million car sales # Mel gave is in major jeopardy right now, so I’m worried about this coming at the wrong time, where Sirius just needed 1 more year to get past their own crisis of needing loans, but this world crisis with credit markets had to happen on the heels of the FCC fuckjob they did to all of us.
I keep telling everyone that knows what happenned to me that I’m not stupid, I saw the crisis in the world coming in ‘08 and did not want to be in the markets & wanted to stay on the sidelines.
But I was teased and lead on like a horse with a carrot on a stick from the Robert Peck December ‘07 call of the imminent approval days away to the FCC saying they could get it done by March, then May, then….
Holding on to bitter end because I put my life into it like all of us have and could not live with myself if I bailed before we had an answer one way or another.
I believed deep down it would finally be approved and it was down in the low 2’s because there was risk it might not be.
Absolutely a nice big pop for 1 day at least on approval, right ?
Now we all got abused and look like asses.
October 2nd, 2008 at 7:26 pm mrk Says:
every time there is some kind of good news they try to make something bad out of it.
October 2nd, 2008 at 7:29 pm Zach Says:
its amazing how cheap a stock will go…that is when CHAPT. 11 in on the line. But is it.. and where will it go when the market figures out that it isn’t.
October 2nd, 2008 at 7:30 pm amIbankrupt Says:
It poped only for one day above 2.70 on thursday 7/24. then it started going down .20 - .30 every day onwards. That day I could not sell more than 10 k and kept the rest believing in Jim Cramer’s knowledge that it SHOULD double based on his meterics and experience.
The F***** liar was poping it and dumping it for his GS friends to naked short it
October 2nd, 2008 at 7:33 pm amIbankrupt Says Says:
did anybody notice that some one has a bid of 900,000 for 0.6130 in after hours !!!! this never happened before
Is there some thing going on !!!!!
October 2nd, 2008 at 7:37 pm amibankrupt Says:
did any body notice some one put bid for 900,000 at 0.6130 in after hours trading which never happened before !!!!
Is there something going on, or just short poping it up to dump it later
October 2nd, 2008 at 7:39 pm amibankrupt Says:
now the bid is gone
wow, talk about manipulatio
October 2nd, 2008 at 7:51 pm frigginregan Says:
Holy SHIT….XMinvestor….I had to look at your last two posts 3 TIMES before I realized YOU wrote them.
I was CONVINCED that I WROTE THEM…..they were THAT close to how I EXACTLY FEEL…and WHAT I went thru with this stock.
It’s like we are the SAME person.
And then I realized that we ARE. We ALL are the same person. We are Sirius shareholders, and we’ve been on the same journey thru HELL.
It’s amazing how we keep playing the same record over and over again. They say the definition of insanity is doing the same thing over and over again and expecting a DIFFERENT result.
I think that is EXACTLY how it’s felt to be a sirius shareholder. SO many times I was going to cash out. SO many times. ANd yet I stayed in whenever I heard the “MERGER IMMINENT” call of the siren. AGAIN AND AGAIN I fell for it….and EACH time got burned.
THAT is EXACTLY WHY I wrote in a previous post how if I was LUCKY enough to break even IF Sirius rose to my average cost of $2.50…that I was CASHING OUT PERIOD.
IF I AM that lucky…I am going to RESIST THE CALL OF THE SIREN THE NEXT TIME. I don’t CARE WHAT FRIGGIN REPORT comes out that Sirius is going HIGHER comes out. If I am LUCKY enough to get a pop to that price…I am OUT. Period.
I just don’t have a fix on this stock anymore…HECK…I NEVER did. I think SOMEDAY it could be a giant….but the stock has just driven me NUTS.
I’ve watched in HORROR as it dropped on GOOD news again and again. If THAT wasn’t a sign of the apocalypse to come…I don’t know what it would have taken to make me see.
The hardest part was watching ALL THESE OTHER STOCKS behave like NORMAL stocks that I would have made a small FORTUNE in again and again…if I ONLY had the FUCKING BRAINS to get out of Sirius when I saw those signs….instead of being a deer stuck in the headlights.
Again…I LOVE the product. LOVE it.
But I am DONE with the stock. I can’t get out now….but I swear on my grandmothers grave….if I get the chance to CASH OUT at my break even price….I am gonna take it without hesitating.
October 2nd, 2008 at 9:01 pm cos1000 Says:
friggin,
I can absolutely understand where your at with this stock. I have been in it for some time and your right about the opportunity costs killing anyone holding out. I just can’t see me letting go of it just as it starts to make headway. I have dollar cost averaged down and bought and sold small batches to get my break even down to just under $2. I will sell some, 25%, at 2.85 - 3, but if their execution is good I’ll hold on to the rest. I have learned to sell on quick pops up and buy back on the return trip. That has helped ease the pain, but I never thought we would be here at .60. Well good luck.
October 2nd, 2008 at 9:56 pm Dan C Says:
Hey, I have 2 XM radios and 1 Sirius radio.
My Sirius is on lifetime — I can ‘upgrade’ to the XM for an additional $150. Seems a little steep — you’d need over 37 months at $4/month to make it breakeven.
I believe Sirius radio owners got the shaft. I think the XM + best of Sirius is a much better package (NFL, NASCAR, Stern, Playboy) vs Sirius + XM (NBA, Golf, O&A, Oprah).
I upgraded to the 3 year XM + Best of SIRI package. With this package the SIRI basically cost me like $2.80 a month, which is a no brainer.
I wish that they gave you MSD on a 2nd radio, but it doesn’t look like they do that if you want to add SIRI to a 2nd XM radio.
Also, I look forward to seeing having 1 XM and 1 SIRI and having that count as an MSD Radio….
October 2nd, 2008 at 10:31 pm socalrunningfool Says:
Hey friggin and others. I told myself. I’m not selling through the merger. Then we got the debt disaster. All the while I said “for once I’m not selling. I believe in this investment and I’m staying in”. Well the rest is history. Looking back, my only option would have been to simply hate satellite radio as I fell for every Mel quote and every merger pop story. Now I’m lying under the ground floor looking up at the place I used to be. And I can’t figure out how to get a ladder or some way to get propped back up their. It’s actually embarrassing to revisit my decision. Will there be a life learning lesson from this that will make me a better person in the future. I hope so cause thats the only way I can look at it.
October 2nd, 2008 at 11:06 pm socalrunningfool Says:
I read Homers post on yahoo. He has facts that’s fine. But reality is .60. And the posters on this site all seem to have gravitated to that fact. .60 is .60. No excuses allowed. None. Nada.
October 2nd, 2008 at 11:07 pm frigginregan Says:
socalrunningfool you capture how I feel EXACTLY when you talk about how it’s “EMBARRASSING TO REVISIT YOUR DECISION”.
I KNOW what you mean too well.
It’s a sick feeling. And one that I am sad to say I’ve fallen for again and again. Like pavlovs dog…I kept salivating EVERY time I heard a good report after being knocked down. So I’d JUMP right back in….and average down some more.
Or I’d TALK myself out of selling SO many times. When I think of those moments, it IS embarrassing indeed.
I think I FINALLY have found the key to changing that. I have to SEPARATE my love of the product with the stock itself.
It is obvious to me that the stock WILL NEVER reflect the company. And continuing to believe it WILL…is the recipe for disaster.
THAT is the thing I learned. And I won’t make that mistake again. So no disrespect to COS….but I AM DEFINITELY GOING TO SELL once it HOPEFULLY reaches $2.50.
For me to fall in love with the stock again….would be like the battered wife who won’t leave their abusive spouse.
I intend to BREAK that vicious cycle once and for all. Could I be wrong? Sure…anyone can be WRONG. But EVERY SINGLE time I talked myself out of selling before when I had a chance….I have LOST BIG TIME.
I will NOT let that happen again. I am willing to take the slim chance that it will keep going up….but I don’t think it will.
At this point to get out at BREAK EVEN would be a VICTORY for me. It’d be FREEDOM. The ability to BREATH again.
I’d consider it a LUCKY BREAK for the stock to QUADRUPLE from .60 cents to $2.50. It’d be a small miracle, and I’d feel elated.
Again…LOVE the product….but I’ve felt a lifetime of pain with the most erratic, schizophrenic stock I’ve ever experienced. I will not confuse my love for the product and the stock EVER again.
There are soooo many stocks I feel I know better that I am SURE I can make a profit trading. I also feel that should I be lucky enough to get out at $2.50….that I’d have PLENTY of chances to get back in at the $2 range.
Maybe I am just psyching myself up. Maybe I am nervous that should it go back up, I will become that dude that REFUSES to leave the Black Jack table….only to lose it all.
I only hope I get the chance.
October 2nd, 2008 at 11:26 pm SXMInvestor Says:
The only suggestion I have that I have finally given into lately that has worked so far, but will only work until the day it doesn’t work is that I have gotten out a few times and bought more shares lower and I hope to have the opportunity to do this a few more times to get my average price down and increase my shares.
Now it doesn’t matter how many shares you wind up accumulating if it eventually goes to nothing, but at least I’m not putting any new $ in to get the shares.
If it goes back to 2.50, then you make much more than if you just hold & hold, but the big risk is that it runs on you the one time you get out.
If anyone thinks I am on of those traders, I have never been because I convinced myself this was an investment that I just needed to hold for a few years and it would pay off big.
I wanted for once to invest in something I really understand and believe in and a product I love, a very simple business that could be gauged and it turned out this strategy was bad.
Instead of holding for years and adding to my position with new $ on every dollar drop, I should have traded on runs up, waited & bought more on the pullback and this would have given me a ton more shares then I have now without the added investment of my savings.
Always thought I would sell at the wrong time, when merger was approved & on and on and I never needed to hold, but I did out of hope and more importantly out of fear that my dream stock that would make me big $ would run up on me.
5 years later and what a sucker I feel like.
Now I’m trying to be aggressive, but my luck is that financing will be announced or their will be an upgrade by GS on a day I decided to sell to average down.
Friggin -
I listened to you rant and rave and say what we all want to say, but as much passion as some of us have, you seem to have more passion than all of us.
Keep it up and don’t give up as there are not many of us left still on board.
I imagine the day all of this was not a waste and I have all my $ back and more and fear the day I am wiped out and still left with my monthly subscription and wonder if I would go to an IPOD only for the reason of not having to look at the receiver in my car which reminds me of the devastation.
I bet I’m not the only one who feels like this either.
October 3rd, 2008 at 12:52 am frigginregan Says:
The BEST of Sirius & The WORST of Mel…
Not to beat a dead horse, but I was reading an interview that Mel did on September 9th and it PISSED me off all over again.
First he said, “We have made great strides over the last six weeks and continue to make progress integrating the company and delivering on our promises to customers and stockholders,”
Delivering promises to stockholders? Really? And WHAT promise was that Mel? To TOTALLY DESTROY the share price? The day they closed the merger Sirius was $2.40…the next day? $1.50!
The DAY Mel gave the above interview the stock price was $1.27. The day AFTER? BELOW A FRIGGIN BUCK!!!!
Please Mel….NO MORE PROMISES. JUST DO SOMETHING….like REFINANCE THE FRIGGIN DEBT UNDER CONDITIONS FAVORABLE TO US THIS TIME!!!!
And what about coming out with a FRIGGIN TV COMMERCIAL. I thought “SYNERGIES” was going to consolidate the advertising…NOT COMPLETELY ELIMINATE IT!!!
And LASTLY the interview had this UNBELIEVABLE admission from our CEO concerning an ipod with Sirius built in….He also reported that he had met with Apple’s Steve Jobs soon after he joined Sirius in 2004 and discussed adding Sirius reception to iPod’s capability but said that even the best deal proposed, while it would expand the consumers’ ability to sample satellite radio, would not generate any great revenue for the company. “We are focused on generating cash flow and not in generating press releases,” said Karmazin. “We are not as interested in creating a sampling device as generating money.”
WHAT THE FUCK KIND OF VISION IS THAT??? Mel admits to dismissing the idea of combining Sirius with the ipod which had 70% of the FRIGGIN mp3 market!!! Talk about a total lack of leadership. HOW can Mel say it wouldn’t have been good for Sirius because it wouldn’t generate a profit?
EVERYONE had an ipod by that time. ANY retard could have seen that NO portable was EVER going to compete with the ipod. The fact that Mel didn’t have the vision to realize this….and that it WOULD generate profit…simply by reaching a wider audience. How could it not? It would have exposed people to Sirius in HUGE numbers.
I dunno what he was thinking.
And here it is a month after that interview and we are at .60 cents flirting with the 50 cent range.
Again Mel….NO MORE PROMISES.
“He also reported that he had met with Apple’s Steve Jobs soon after he joined Sirius in 2004 and discussed adding Sirius reception to iPod’s capability but said that even the best deal proposed, while it would expand the consumers’ ability to sample satellite radio, would not generate any great revenue for the company. “We are focused on generating cash flow and not in generating press releases,” said Karmazin. “We are not as interested in creating a sampling device as generating money.”
October 3rd, 2008 at 12:53 am GetItStraight Says:
Yeah, join the club. Oh wait, I think I’ve seen you at the same club.
October 3rd, 2008 at 1:03 am socalrunningfool Says:
Friggen…………….. I will promise you that for the remainder of my lifetime I will never repeat this again. That means that anytime we get any type of runup (now there is wishfull thinking) I am selling a percentage of what I have.
Let me tell you the most pathetic trade I’ve ever made. Two weeks ago the stock hit .68, I sold a few thousand shares simply because I thought screw it………..I may as well have a couple bucks left. Now the pathetic part. The stock climbs back up to 1.0. Remember. I’m thinking what a pussy I am. Can you say that word. Probably politically incorrect. Anyway, so what happens. The piece of shit stock drops to the .50’s. I’m thinking how pathetic is that.
So two days ago, I wake up bored, decide that every morning this Mels toilet paper stock starts at it’s high and never returns. I’m thinking that prick in Cinncinati must get to work a half hour after the market closes. So I sell a thousand for grins at .64. I’m thinking to myself I suck. What happens the pile of crap goes into the .50’s.
In summary “THE ONLY GOOD TRADE I”VE EVER MADE IN SIRI HAS BEEN A SELL”.
Sorry but it’s the truth.
SXM investor I agree completely. And I feel just like you said at the end of your post. Thankfully friggenregan posts here, cause he is like going to counseling without having to pay.
Now please allow me a few moments to vent.
Mel I don’t care how many times you blow Howard. How many things you’ve done in the past. How great you are cause you made this merger. You can kiss my sorry broke ASS cause right now you screwed me royal!!!! You suck you suck and you just plain fucking suck.
Show me the money or eat shit and die!!!!!!!!!
October 3rd, 2008 at 10:08 am horsecork Says:
Somebody asked how is SIRI XM informing its existing customers about the new “Best Of”? I’d like to know. I am not a subscriber yet.
October 3rd, 2008 at 10:13 am frigginregan Says:
Hey Tyler, great show last night on SiriusBuzz radio…even without Brandon.
I just have to take issue with one of the very last things you said as the show was closing out. You were basically stating a fact that Sirius has to be careful with it’s free money…even in regards to it’s advertising.
True.
BUT NO ADVERTISING? NONE? NOT ONE COMMERCIAL SINCE THE MERGER CLOSED OVER 3 MONTHS AGO??
WHEN you add those 3 months to the 17 Months of MERGER LIMBO when there was ZERO advertising by Sirius…that’s TWO FRIGGIN YEARS WITHOUT ANY REAL TV ADVERTISING.
I would argue that Sirius CAN’T AFFORD NOT TO ADVERTISE.
We need a commercial, and we need one now. HOW FRIGGIN HARD is it to come up with a creative commercial promoting a KICK ASS PRODUCT with some of the BEST FRIGGIN MEDIA CONTENT AROUND?????
PLEASE. I want to know.
And it doesn’t have to be a LONG EXPENSIVE TV CAMPAIGN. BACK in 1984 APPLE AIRED THE FAMOUS BIG BROTHER TV AD….ONCE!!!!!
My point is…internet radio RHAPSODY is airing commercials like crazy. PEOPLE KNOW MORE ABOUT FRIGGIN RHASPSODY than FRIGGIN SIRIUS XM RADIO!!!!!
It’s an outrage.
You could have general ads announcing ALL the content….and HERALDING A NEW GIANT in RADIO has ARRIVED. LET PEOPLE KNOW how FRIGGIN GREAT AND COOL SIRIUS XM is.
PEOPLE DON’T KNOW WHAT IT IS….LET ALONE THAT THEY MERGED. Don’t let FRIGGIN RHAPSODY take the spotlight away!! Not after you’ve just FRIGGIN WON the battle of the decade with this MERGER!! SHOW the public HOW MUCH COOLER SIRIUS XM is than the likes of RHAPSODY. That it is REAL RADIO with LIVE UNCENSORED CONTENT, MUSIC AND SPORTS.
YOU can also run specific ads that target specific groups. In the 6 year history of Sat Radio I REMEMBER ONLY ONE FRIGGIN COMMERCIAL…and I bet the majority of the public does too…THE FRIGGIN XM DEREK JETER BIG POPPY BASEBALL COMMERCIAL where they say EBERY TEAM!!! EBERY GAME!!!
It’s ingrained in my FRIGGIN BRAIN.
THAT is what we NEED. And we NEED it NOW!
God damn it! If Mel is as excited about this merger as he says he is….SHOW IT.
Advertising serves many purposes. Besides getting the word out….it’ll create a positive BUZZ…something that will HELP overshadow the negative CLOUD thats been hanging over this stock.
GIVE us SOMETHING to cheer about while we wait. LET THE PUBLIC KNOW that there is a NEW MEDIA GIANT in TOWN. Make it the COOL MUST HAVE THING. You’ve got the CONTENT on your side that you paid BIG BUCKS for…SO FRIGGIN USE IT!!!
HOw FRIGGIN HARD IS IT TO CREATE A KICK ASS COMMERCIAL?? Get a hip hungry young ad company to really hit it out of the park for you.
This merger is a GREAT story. Your content is an EASY sell.
To go on letting the likes of FRIGGIN RHAPSODY steal your THUNDER is not only unforgivable….IT’S FRIGGIN KILLING YOU!!!
Have you LOOKED at the stock price lately Mel???
Don’t just say it SUCKS and laugh it off!!!!!
FRIGGIN DO SOMETHING.
You CAN’T control the economy or the horrible credit crisis. BUT YOU CAN CREATE A KICK ASS TV CAMPAIGN that is ENTERTAINING and INFORMATIVE and that will STICK IN PEOPLE’S FRIGGIN MIND!!!
So that when the dust settles on the economic crash…YOU AND YOUR COMPANY will have some FRIGGIN MOMENTUM GOING INTO THE UPTURN.
AM I ALONE HERE? I’m just a lowly stock holder….but COME ON MEL….SHOW SOME PASSION. You fought for nearly 2 years to get this merger done….DON’T DROP the BALL NOW.
SHOUT IT OUT TO THE WORLD that SIRIUS XM has ARRIVED!!!
I wanna see a commercial NOW!
October 3rd, 2008 at 10:35 am horsecork Says:
You are right. When do people begin Christmas Shopping? I’ve got to think SIRI XM will have an ad blitz for Christmas shopping season. If they don’t then we’ll be in deeper shite.
Is October 6th (this Monday - in three days) still the day for the official big roll-out? A weekend blitz would be a great surprise, but I’m not holding my breath.
On a positive note, there has been a good amount of internet advertising at many sites I visit. These are all blow outs for discounted old equipment.
Be nice to know how SIRI is informing current subscribers of the “Best Of” deal.
How bout that guy that got stuck with 300 radios that cannot be programmed?
October 3rd, 2008 at 11:00 am Thanks FCC Says:
If you want to watch D-day here is the link.. I think the vote is supposed to be around 12:30
http://www.c-span.org/Watch/C-SPAN_wm.aspx
October 3rd, 2008 at 11:29 am frigginregan Says:
I am an asshole. Let me repeat that. I AM AN ASSHOLE.
Instead of putting money into other stocks in my list…I have CONTINUOUSLY chosen to throw it into Sirius in an attempt to “Average Down”. And EACH time I have…SIRIUS has gone LOWER. WITHOUT FAIL.
The last time I did it was when Sirius hit $1. After I bought…Sirius dropped into the 70 cent range and I cursed as I watched ALL the other stocks I was interested in GO UP.
I VOWED to sell my last average down chunk if it went back to $1.
A few days later it did….when Sirius ran up to $1.08.
But I DiDN’T FRIGGIN SELL.
ANd I was rewarded by my STUPIDITY with Sirius dropping to 60 cents.
But thats not the WHOLE reason I am an ASSHOLE.
Like I said, I have a LIST of other stocks that I’ve researched while being stuck in Sirius the last 2 years. Stocks that I KNOW intimately. Stocks that I pretty much KNOW when they are going t go up. What range they trade in.
NOW…YOU WOULD THINK that Instead of FRIGGIN AVERAGING down in Sirius…I’d throw money into these other “sure bets”.
But Nooooooooooooo.
I never do…and I always kick myself.
Case in point ETFC…or etrade. EVERY time it dips to $2.50….it ALWAYS goes back to $3.50. It has done that TWICE in the last week. TWICE.
ESLR….one of my fav solar stocks is a steal in my mind at these levels. TWICE it has dipped into the mid $4 range or lower and BOTH times it bounced back to the mid $5 range to $6.
There is no doubt in my mind that once this economic crisis settles…it’ll go back up to it’s $8-$10 range…and even HIGHER if Obama wins(which odds are he will)
AND YET….AND YET….I KEEP THROWING MONEY INTO SIRIUS LIKE A FRIGGIN RETARD.
My last “AVERAGING DOWN” was the last straw. I could have just as easily put that money into either ETFC or ESLR for the fast pop which I KNEW WAS COMING. But I DIDN’T.
Then AGAIN when Sirius popped back up I had ANOTHER CHANCE to take that Sirius chunk out like I wanted to at break even and THROW it into ETFC or ESLR(among other stocks on my list)….and AGAIN I DIDN’T.
Both times I lost out on 40% gains.
This market sucks…but it’s GREAT for trading. And I have a BUNCH of stocks like ETFC and ESLR that I KNOW will MAKE me money.
ANd YET….like a drug addict…I throw my money into something which is KILLING ME.
NO MORE.
IF Sirius goes back to $1….I am cashing out that last chunk of money I averaged down with. I’ll let the rest ride…until it reaches my NEXT BREAK EVEN point and then I’ll cash out that amount too.
But this is why I am an ASSHOLE.
I could be making money right now….and I am not because of my last bone headed move.
They say the definition of insanity is doing the same thing over and over again, and EXPECTING a different result.
I will NOT make the same mistake again.
This is a GREAT MARKET TO TRADE….so many cheap undervalued stocks out there that if you study trade in a predictable range with the ups and downs of the market.
BUT Sirius doesn’t. It is an island onto itself, and I can NEVER get a bead on it. Never Predict what it will do. And EVERY time I dump some money in…it goes DOWN.
While my other stocks trade in VERY PREDICTABLE MONEY MAKING PATTERNS.
LOL…..I am such an ASSHOLE.
October 3rd, 2008 at 12:19 pm chizzle Says:
Ur telling me, I was going to buy wachovia in the beginning of the week, then I saw the news about Wells Fargo buying them, i almost threw up on my computer
October 3rd, 2008 at 12:33 pm frigginregan Says:
EXACTLY. This market is a ONCE in a life time opportunity to play volatility. Like they say…when there is blood in the streets…thats the time to make money.
That adage is so true…EXCEPT in regards to Sirius.
Again. LOVE the company. But the stock is cursed. It’s a plague. A black hole. It’s EVIL incarnate. Whatever analogy you want to use….SIRIUS as a stock is the WORST ever in my entire history of trading. I have not made ONE dime on Sirius. There is no “trading pattern” with Sirius besides the one that goes like this….SIRIUS HITS 52 week LOW…YOU BUY…AND IT IMMEDIATELY GOES LOWER.
Like LOOK at it right now. I know you have your etrade marketcaster up or Ameritrade and are watching it.
LOOK at it just sitting there at 60 cents….teasingly saying….”Buuuuuuy meeeee…..buuuuuuy some moooooooore. I’m not going lower I swear…..”
Don’t you FRIGGIN BELIEVE THAT WENCH!
Oh…she may get tired of waiting…and may “dip” below 60 cents and try to tease you with 58 cents…..but it’s a TRAP!!!!
Lol. I HATE this stock.
October 3rd, 2008 at 1:25 pm Kevin Says:
Friggin, Please sell sell sell! I love this site but cant listen to your crying anymore!
October 3rd, 2008 at 1:30 pm frigginregan Says:
Not crying. Just trying to keep my sanity by having some fun.
And believe me…you’ll KNOW when I sell.
At least the Bill just passed the House. Lets see if this helps Sirius…let alone the country.
October 3rd, 2008 at 1:48 pm GetItStraight Says:
friggin - I’m sorry to say but this is just a bandaid that will help to allow our foreign partners to bail out of their investments in the u.s. This bill doesn’t address the core underlying problems.
October 3rd, 2008 at 2:06 pm SXMInvestor Says:
I’m afraid to but back into Sirius even at .60 right now.
October 3rd, 2008 at 2:15 pm yukonzach Says:
Sorry to deviate from the stock/bailout discussion but I have a couple of questions:
First, has anyone else had the misfortune of buying Sirius radios, right around the time that Stern came on, that cannot be reprogrammed to get the Best of XM? Both of my radios, a stand-alone and a “Sirius ready” car stereo come up as “Not Available” for this option. I thought getting XM was going to be avaiable for ALL radios.
Second, will they be coming out with a Sirius radio that can receive ALL Sirius and XM channels? I really don’t care about the redundancy. It just means more choices, especially for music. I agree with Dan C in that XM with Best of Sirius add-on is the better deal. I just want to add a fourth radio to my Sirius account, that has all of XM, to get the reduced price. (Not being greedy, just thrifty).
October 3rd, 2008 at 2:53 pm Keysmark Says:
“BEST OF” PROMO
I was listening to “Mad Dog” a little while ago and mentioned that Best Of Channels are now available on Sirius & XM.
Keysmark
October 3rd, 2008 at 2:55 pm Keysmark Says:
Correction on my Mad Dog Comment Above.
It should read: Mad Dog mentioned the “Best Of” Channels are now available.
Keysmark
October 3rd, 2008 at 3:10 pm GetItStraight Says:
We’ll be at .50 soon.
October 3rd, 2008 at 3:14 pm frigginregan Says:
YAY! The bill past. Uh-oh. Markets reaction? DOWN.
Remember there was a time before the merger when we were at $5 and thought we were going to double to $10?
Then we were at $3 and the DOJ approved and we thought we’d DOUBLE to $5(EVEN CRAMER SAID SO!) Lol.
Then we were at $2 and we thought we’d double to $4.
THEN THE MERGER FINALLY PASSED and we dropped to $1.50 and we thought we’d DOUBLE to $3.
NOW….hard to believe….we are in the 50 cent range and a DOUBLE would bring us to a BUCK.
Our “BREAK EVEN” price after averaging down has been a FRIGGIN MOVING TARGET.
Some of us can’t afford to average down any more. Only the big boys can do that.
Only those who are getting in now for the first time will benefit.
The big boys have successfully squeezed us average investors to the breaking point. How can we ever expect to win?
My break even price would require the stock to more than QUADRUPLE.
Its pretty sad.
October 3rd, 2008 at 3:38 pm SXMInvestor Says:
Maybe some news on Monday regarding the Best of traction, subs ?
October 3rd, 2008 at 3:45 pm frigginregan Says:
sxminvestor….I am so sick to my stomach right now and so devoid of hope that I can’t even muster the confidence to hope for ANY news on Monday.
I have fucked up so badly with this stock, that I have fallen into the deepest of depressions.
Heavy shit I know. I could never take my life….but I have been RUINED because of my gamble with this stock. If I had stayed in ANY of my other stocks I would have DOUBLED and DOUBLED my investment and have been chilling on a beach in Brazil right now surfing.
Instead I have lost it all. I have nothing. ANd I have no one to blame but myself.
October 3rd, 2008 at 3:56 pm socalrunningfool Says:
Friggen. Wow. Your very honest and your words are genuine and true. We appear heading towards another 52 week low. This bill is not going to save us, there will be more bills ahead. Until the bill actually gives the big banks liquidity, we will not get up again. This bill just took care of the good ol boy network.
With regards to this price. I’m telling you that it feels good to start a new game. Buy before todays close. Sell at the open Monday. This POS opens high closes low. There will be no news on the debt for a while in my opinion. So buy a thousand before close. Cost the same as two nights hotel room. That’s how pathetic it’s gotten and then sell that amount first thing Monday. You say I’m nuts, try it. It’s better than checking your average price from before. Take care bro.
October 3rd, 2008 at 4:12 pm frigginregan Says:
Yeah. I’m havin a bad day Socal. And this is a MUCH safer place to be honest than the insanity that is the “Yahoo board”. No friends there, thats for sure.
Good luck with your trade on Monday bro. I wish I had the free cash to do that, but I’d have to sell a chunk of my Sirius at a HUGE loss to do that. So I’m trapped.
To be honest, if I was going to make a trade in this market, it’d be in some of the other stocks that I’ve been watching. Like ESLR, EFTC, LVLT, YGE, and many others that are SO predictable.
Hence my frustration factor is at an all time high today.
I’m really a mellow dude most of the time. Maybe I’ll go to a Buddhist retreat this weekend to help me let go of my attachment to outcome.
Peace out.
October 3rd, 2008 at 4:24 pm GetItStraight Says:
friggin - We purchased paper representing ownership in a company. We are last in line if the company BK’s. I was a broker at one time in my life and selling paper to people sucks because it’s just paper. That’s why I left the business during the last bubble explosion. People’s memories are obviously short. The idea that it is anything more than paper is foolish.
The fun part about owning stock(paper) is that sometimes you can find someone else who will pay you more than you paid for your ‘paper’. That makes investors basically gamblers. I’m not ashamed of being an investor (gambler) because it’s in my blood and I experience emotions (good and bad) that I don’t experience in many other things.
I’ve invested in comapanies that generated revenue and had a solid business models and I’ve invested in companies that had nothing more than a great idea with great potential.
I’ve made money and lost money in all of them.
If investing was a sure thing everyone would be doing it and none of this would be going on. But it is.
The only positive thing I can say about being invested in SiriusXM is this - it has a solid business model, it has a great product, it has unlimited future potential, it has buyout potential and best of all it has great management.
We can talk crap all we want about Mel, and believe me some is justified, but the fact of the matter is that he has a good track record and my money is still on him.
I’m down big in this stock and I’m ashamed I held this long as well. I broke all of my trading/investing rules with this stock because I love the product that much. But it doesn’t change the fact that the credit markets suck, consumer spending will continue to dwindle hurting companies like SiriusXM because of disposable income just not being there and the result will be lower stock prices. The only thing we can do is continue to get our cost basis as low as possible and wait (unless you want to trade it like Socal and SXMI are suggesting which works but it is risky.)
Anyways, I know that I’m spouting off about things you already know but just wanted to throw out my 2 cents (which is actually only worth 1 cent now.) Peace.
October 3rd, 2008 at 4:28 pm frigginregan Says:
To give alittle background on myself…I know my investing style is what some would call “risky” lol. But I’m still fairly young(ish). I’m an artist and a surfer. I got into investing with Apple 6 years ago and made a nice profit. It funded a trip surfing around the world and the ability to focus on my art. And I Have been hooked ever since…using investing as a means to fund my lifestyle.
And so far I’ve been VERY successful at it.
It wasn’t until I was stuck in the Amazon 2 years ago and not watching my investment in Sirius where I had moved my funds…that things started going down hill.
And I bought into the hype of the “merger” and kept throwing more money into it. Before I knew it, I was trapped and tapped.
And my usual laid back surfer attitude was being threatened.
TOTAL BUMMER.
LOL.
Imagine Jeff Spicoli punching out Mr. Hand and you’ll have an idea of the level of stress this has put me under.
I’ll get that “vibe” back. And I have learned alot.
I just hate the feeling of being stuck. Like a caged animal…it goes against my nature…and I just want out.
The waves are calling….
October 3rd, 2008 at 5:46 pm GetItStraight Says:
So if you are now 50/50 on your great winners to great losers you are doing better than many. Many people get wiped hard in the stock market. They used to say that if you can support yourself as a trader for 2 years without going broke then you can support yourself the rest of your life trading. I don’t think this is true any longer. I hear of traders on the floor that had been successful for years recently getting wiped out and that doesn’t even account for the hedge funds that have imploded, are imploding and will implode. This will get much ugglier before it gets better unfortunately.
October 3rd, 2008 at 6:01 pm vaporgold Says:
Friggin…
I knew if I read your posts long enough the truth would eventually come out. You are really really pissed because you wanted another round the world surfing trip!!
All I can say is we all just have to Hang in there, not much choice anyway.
SXM..
I have had the same thought if SiriusXM goes BK. WTF would I do with that Sirius receiver on my dash? I have a life time sub on it, but I don’t think I could take looking at it everday.
Let’s hope that does not happen.
I see Motley Fool is talking reverse split for Sirius XM.The Motley Fool and the Street.com would sell their mothers to get a hit on their web pages.
Ok it’s Friday, I just opened a cold draft and I have a car show this weekend.I am going to have fun and forget about Sirius…
Have a great weekend everyone
vaporgold
October 3rd, 2008 at 6:12 pm frigginregan Says:
I hear you GIS. I like your use of the word “wipe out”. Being a surfer I know that term all too well. For a surfer to say they never wipe out is a dangerous attitude, and more often then not, they’ll wipe out in the worst way and get SERIOUSLY injured.
Same with trading.
I wouldn’t even call myself a trader. Certainly not a day trader. Although I have traded. I’m something of a short term investor. Lol. Have you ever read a book called “The DAO Jones Average?” Dao as in Daoism. Kind of a book about investing for left brain creative types.
I study a stock and a sector. I watch the market, and like a wave, I try to “feel” it. Become one with it.
I’ve ridden some great waves, and made some great trades.
But waves are unpredictable, and if you get too cocky and lose your focus…you will wipe out for sure.
Other times the Waves are just too Choppy to even ride…and it’s best to just walk away.
For whatever reason, I lost focus with Sirius. I should have walked away. I wiped out and instead of getting the message, I let my ego take over and kept trying to ride it.
As a result I am where I am now.
If I had taken that same attitude on the surf, I’d be in a hospital or worse.
The waves will always be there. I could have walked away and surfed another day.
I am mostly mad at myself for letting my ego take control.
I should have respected the wave.
Anyway…I’ll recover. But not being able to get my money out is like someone locked my board up or told me the ocean is closed. It’s very frustrating.
I’m hoping Sirius can recover….but “hope” is such a passive word. Bordering on helplessness and victimhood, and I don’t like the way it feels.
So I am just trying to accept this reality as painful as it may be to deal with right now in these hard times…and move on.
Work is kinda slow….and I’m itching to save up more cash-ola to get out of this hole so I can travel again.
Soon.
Peace.
October 3rd, 2008 at 6:44 pm socalrunningfool Says:
GIS great line on the (2) cents. More like worth one peso now.
Friggen. Foolish, ashamed, ego. Me I’m embarrassed. They all apply. I’m working in a very affluent area right now. And I’m hearing 2 to 3 more months of pain. Government’s gotta invest in preferred stock of the banks. Then things get going again. For you money techs, thats the way I am being told. Me I’m hoping to be able to simply get back out past the whitewater someday. Right now I’m completely stuck on a sandbar with a 500 yard low tide in front of me. Later.
October 3rd, 2008 at 7:06 pm SXMInvestor Says:
It would make sense that Sirius at least puts out a press release Monday on the cross-over programming, so maybe this will peak some interest in the stock.
Please Mel, say something…but only if it is positive.
October 3rd, 2008 at 7:14 pm frigginregan Says:
In the vast scheme of whats happening in the market, it doesn’t seem important, but I also hope that Mel gets alittle face time on CNBC Monday to announce the Best Of. Wether or not refinancing has been nailed down yet, I think it’d be a good thing if Mel admist all this market chaos proudly unveils the “Best Of”. It’d show confidence in the face of rampant fear.
Who knows he might have something to say about refinancing. If not, at least he could put a positive spin on the Bail Out bill being passed thus reassuring that talks are under way.
I dunno anymore.
According to the news, there was a MASSIVE sell off by the Hedge Funds to pay out clients who wanted their cash.
I expect more of that next week?
How much that will effect Sirius is hard to figure. Who would want to cash out while we are so low? Um….don’t answer that.
I guess we’ll find out soon enuff.
October 3rd, 2008 at 7:37 pm SXMInvestor Says:
At this point and the price Sirius is at, It MAY not get affected by a market selloff like the blue chips.
It should trade on it’s own news and how the credit markets will affect the loan they may need in 1st/2nd Q.
I don’t think Sirius is going backwards in revenue as bad as car sales have been.
Yes, 3rd Q balance sheet will be an atrocity and car sales, etc suck, but could it just be the reason we are already at .60 cents level.
Baked in probably and any unexpected traction like up front cash flow from the Best of & Ala Cart prepays could get this equity moving in the right direction.
Mel has both companies at his full disposal now and I think he will find another 100 million to cut, especially in slower times.
Time to hunker down on payroll as well, cut salaries & replace with lower paid people who will take the job because they need one bad. Sad to say, but it’s the state of the economy and if Mel is really cut-throat, he could find alot more than he thought.
I don’t see bankruptcy unless nobody could buy a car for 6 months, getting the loans should ease over coming weeks.
Did you see the latest filing and what Sirius just hired those 2 people at - if they can pay them, they are not afraid of what is coming in my opinion.
Let’s hope for a little reprieve on Monday from all this selling.
October 3rd, 2008 at 11:18 pm SXMInvestor Says:
I pulled this positive piece from an article realting to the Canadian Sirius & XM & you’ll see there seems to be pent up demand waiting for the merger to go through:
Digital Forum members, who have been waiting for the U.S. merger of the two satellite radio companies to be completed and programming details to be announced, have expressed anger that neither Canadian satellite radio company will be offering similar programming packages in Canada.
One Digital Forum member, “rock on”, exemplified the general consensus of many readers when he said “I have been waiting for “a la carte” programming to subscribe to Sirius. I will not wait for the Canadian service to offer it… For me it will be a US sub!”
The number of Canadians who subscribe to U.S. satellite radio services is unknown; however, estimates in the past have placed the number in the hundreds of thousands.
This week’s announcement by Sirius XM in the United States to offer “Best of” programming and “ala carte” programming is certain to drive those numbers even higher.
October 3rd, 2008 at 11:27 pm frigginregan Says:
Maybe they could do a commercial where they have a voice over saying “In these harsh economic times, Sirius Xm radio is going to be the first Media company to offer a la carte services - meaning YOU pick the stations you want. Nothing more. But for ALOT less.”
All I know about history was that during the Great Depression or other hard economic times people flocked to the movies and other forms of media escapism.
I think Sirius has what it takes to weather this storm, and provide people with a great form of escapism. Live radio, sports and music without commercials.
It kinda makes me wish I stumbled upon Sirius as an investment NOW when it’s at an undervalued 60 cents than when I originally did at $6.00!!!
Anyway…who here thinks Sirius can break a dollar by November and reach at least back up to $1.50 again?
Any thoughts?
October 4th, 2008 at 12:12 am Krypto1 Says:
We are all in the right church, wrong row. Start up/growth companies live on potential and optimism… when optimism and greed rule the market, they are valued in one way, in times like these, it is a whole different story. SiriusXM has had plenty of bad timing & bad luck as well as the usual tidal wave of negativity and dought that slams into companies that are getting to close to causing a change to the status quo. One of the problems that youg well funded companies always seem to fall prey to is the idea that you can lose money at an incredible rate as long as there is growth & a good story to back it up. These guys don’t even call it losing money, to them it is a “burn rate”. Mel K will stop the gravey train and cut WHATEVER he needs to to refi and float thru this. XM is a duplicate of siri, and the cutting will will not end until there is a different story to tell. The new story will be that the company turns a profit… bad economy or not, this will arive within the year. Once Mel can work from solid platfornm instead of a pool of quicksand, GS & co will shut the fuck up and future potential will get sexy again. This is the part where the company needs to grind it out, and believe me, Mel has always managed with this idea in mind. Once profitability is in hand, The company will be sold/merged ect. and most of us will have a nice profit; but not before some more hell. Hang in there, this will not go down.
October 4th, 2008 at 1:07 am frigginregan Says:
At this point I have no choice but to “Hang in there”.
Can’t sell. Not after a 70% drop in a MONTH.
Man. Just saying that seems surreal.
I’d like to think it’d be IMPOSSIBLE to sink any lower…but I’ve been surprised before. Unfortunately not pleasantly surprised.
I’m an optimist by nature, but I read somewhere that it’s better to be a pessimist…because when things go wrong, then you’re right….and when they turn out right, you’re pleasantly surprised. LOL. I like that.
October 4th, 2008 at 2:25 am frigginregan Says:
I’ve got a stupid question. I’ve read that it’ll take 3 years for car manufacturers to install interoperable radios into new vehicles.
But if Mel comes out with interoperable radios before the 9 month goal like he says he will(early next year)….then people can just install them in their cars themselves right?
I know the new car sales are important…but buying a new car WITHOUT an interoperable radio and just installing it yourself will actually make Sirius more money am I correct?
October 4th, 2008 at 2:43 am Matt Alley Says:
Yes, the current situation sucks and I truly feel the pain that others are feeling. But I have decided to relax because stress will kill-ya. A watched pot never boils, and I think for many it time to walk away and let time begin the healing. I think for many we know the fundmentals are strong and Mels trackrecord is solid. Letting go of the daily bs will free us and send a message loud and clear we wont get beat.
October 4th, 2008 at 3:40 am frigginregan Says:
Question. Lets say for arguments sake….ALL of Sirius XM’s debt was erased. Not refinanced. But PAID IN FULL. The 300 mil in converts due in Feb. The 350 mil in debt due in May and the 400 due in Dec 09…..GONE. NO MORE. WIPED OUT.
Would the share price go up?
And what would be the difference if Mel PAYS OFF the Feb converts and manages to refinance the May debt now and leaves the Dec 09 debt for later?
Do you think the share price would go up as much?
Is the debt issue the ONLY thing keeping this stock so low? I mean if Sirius was at $4 BEFORE the merger and XM was in the High Teens….and now they are COMBINED with over 400 Million in synergies….and nearly 20 Million subs….and now the BEST OF….
WHY is it trading at 60 FRIGGIN CENTS?
Is it ONLY the debt?
October 4th, 2008 at 6:31 am dave Says:
Debt and the naked short selling. This stock is so manipulated its a joke. The endless buy and sell orders of 100 shares is non stop. I almost want to buy more but I cant seem to pull the trigger on it. If i double my shares at the current price my average would be $1.38. Its tempting but I dont know what to do.
October 4th, 2008 at 7:57 am amibankrupt Says:
How can you make money on buying and selling 100 shares @ $ 60 when most brokers charge $ 5-10 per transaction, and stock is moving @ $0.0002 !!!!!
Where is the Friggin SEC, FBI, Treseary Department
October 4th, 2008 at 8:02 am Max Says:
A suggestion for a Very, Very, Bold Move.
This Thursday, Oct. 9th, 2008, the Short Selling protection for Financial Stocks (including our Beloved Goldman Sachs) is removed by SEC.
A counter-attack of Historic proportions would be this:
Each and Every Shareholder of Sirius Stock SELL ALL SHARES, dropping the price and allowing Goldman and others to meet their “target” price before they can comfortably begin covering their Massive Short and Naked Short Positions. Then, Sirius Shareholders head on over to the GS symbol on their computers and SELL SHORT Goldman Sachs. When Goldy is at $75.00 per share, Cover and buy back your Sirius at $.50. Rinse and repeat.
I would imagine there are more than a few “investors” who are wringing their hands in anticipation of taking a few pounds of flesh from the benefactors of Uncle Paulson’s gift to G.S. not to mention a few large competitors and Sovereign Funds. With no safety net in place, the proprietors of pain on Wall Street may indeed be finally put down.
What a scenario… no more protections from the SEC for G.S. … an “eye-for-an-eye” never sounded so satisfying AND deserving.
I’m Max, and I approve of this message.
October 4th, 2008 at 10:57 am dave Says:
Im talking about the big institutions themselves. If your GS are you paying a comission to manipulate the stock? I think not
October 4th, 2008 at 12:01 pm vaporgold Says:
Friggin…
If all the debt was paid off the stock would soar. ( I don’t know how they would accomplish that)
If he paid off the Feb coverts, re- fi the May debt and addressed the Dec 09 debt in Dec. 09, the stock would also go up. Not as much if all the debt was gone.
Since we are just speculating, I belive if Sirius mages to re- fi the Feb in the next month or two we will see an upward movement in the stock price. Over the one dollar range at least.
The fourth quarter should be cash flow positive as has been the last two 4th quarters.
The difference is if the cost cutting can be fully implemented by the first quarter of 09.
If we can reach cash flow positive in each quarter the stock will take off again.
The penetration rates is holding and growing on all the OEM’s. We don’t know what the car sales will be for 1st, 2nd, 3rd, and 4th quarter of 09. If they match 08 levels we should be fine.
If you add the new programming, if you add the push for new subscriptions on lease cars that are being turned in and sold with new SiriusXM subscriptions because the cars have say radios, it looks very promising. Sirius has a big push to coverts those used car sales into subs.
I think they will add 2 million subs next year.
The only thing I see stopping the stock is the debt re-fi, and none of us want the converts with GS to take place.
We can see the light at the end of the tunnel, but we are in the dark as to the progress that Mel is making on the debt.
So we wait….
imho
vaporgold
October 4th, 2008 at 12:33 pm frigginregan Says:
My question is this…IS Mel a Billionaire? Someone said he was worth 8 billion? Is this true?
He half joked about paying off the Feb debt himself, saying “I don’t want it to come to that”…which for whatever reason had a negative effect on the stock dropping it from $1.32 to below a buck the very next day.
Why would the prospect of a Billionaire CEO being able to pay off the debt himself in a bad market be construed as a NEGATIVE??? All it speaks of is that the MARKET is bad. And TOTALLY ignores the fact that the CEO could bail out the company!! How many CEOs would do that? Isn’t that a positive?
So why hasn’t Mel made an announcement yet? Between the 400 million in cash Sirius has, the 400 million in combined synergies and 19 million subs and 2.7 BILLION in revenues that Sirius XM has NOW that they DIDN’T have back when they refinanced the debt the last time….PLUS the BILLIONS that Mel has in personal wealth he hinted at using to help pay down the debt…..
WHY THEN hasn’t Mel ANNOUNCED a DEAL? Why has he let FEAR and the shorts bash sirius down to the 50cent range???
Speaking of which…WHY hasn’t Mel been more vocal about getting on the short ban list? It is WELL KNOWN that Sirius has been one of the BIGGEST victims of naked shorting and shorting for YEARS. Add to that fact the government’s CRIMINAL delay of the merger which has crippled Sirius and made it an even BIGGER target for the shorts….MEL DEFINITELY HAS A CASE to get on that short ban list.
And yet NOTHING. Not a word. Where is Mel?
Other NON financial companies have petitioned successfully to get on the list….Sirius is probably the MOST deserving non financial stock to be put on that list.
It boggles my mind.
So…DEBT refinancing AND the short ban list. TWO issues that have yet to be ADDRESSED since the merger, and the TWO main reasons why we are sitting at 58 cents right now!
The BEST of is GREAT….but we need to hear from Mel about this right away. His silence is KILLING the pps AND us.
October 4th, 2008 at 12:40 pm SXMInvestor Says:
One thing that could help us is that as bad as new car sales are, they may be forced to drastically reduce to clear out old inventory to setup for new cars coming off assembly & Sirius XM’s deals are the same, although the GM deal sucks.
I do have a concern about churn on subs that may have multiple radios and may opt for a Best of or Ala Cart package and get rid of one sub.
Now here is another theory I have been thinking of:
People all want their own home to spend $ on and redesign, etc, so with the focus coming off homes in the next few years, people cars become that much more important to them. I’m not saying that people will go bonkers buying new cars, but used cars could start to get a big play.
So following on the used car theory, many of these cars already have satellite radio built in and just needs to be turned on. Also non-subscribers who maybe were going to wait to get a subscription because they were going to get a new car, now change their minds and invest in their used car with a plug and play.
Seems to me their is an opportunity for retail to gain some life & I have a big idea for a commercial for owners of used cars who buy a plug and play radio. Here we go:
So some 18 year kid is getting into his parents used hunk of junk and he installs his plug and play for the 1st time and automatically his car transforms, so if the kid turns on the strobe, the car fills with beautiful club going young woman or if he puts on the NFL channel, you have some stars packed in his car with Logos on the outside of his car, maybe Howard Stern & Crew & Bubba pack his car is he turns that channel on & on and on. Something to make the kid feel like his life changes when he drives around town & turns that radio on and when he pulls back up at his parents house, he pulls the radio out and all goes back to normal, but he tucks the radio in his pocket and kind of looks around like this is my little secret weapon.
October 4th, 2008 at 1:40 pm GetItStraight Says:
Most wealthy investors have a long term time horizon for their investments. Take Warren Buffett for example, he didn’t get rich overnight. It took him years to grow his wealth.
What Mel might be doing, and I am just speculating, is getting things into place for the long term growth of the company in order and as a result long term appreciation of the share price and not being overly concerned with the day to day price (which we are all being negatively affected by.) People with money usually have enough money to make it through the tough times.
They say that most of the wealth is really made during bad times (because you’re able to get such great deals on things.) If Mel can buy (just like we can) 2 to 3 times the shares at depressed prices, why not, if you have the money.
You then just continue to stick to your business plan and things will ultimately cycle back up.
Just my opinion, as always.
October 4th, 2008 at 2:13 pm SXMInvestor Says:
I wonder another thing and maybe Tyler can answer this.
Will Sirius and XM offer and does it make sense to offer the reduced plans to the 50% that do not convert from fre trials ( part of the all-in-churn) # that Sirius reports and the other 47% XM reports do not convert.
If they convert another 10% of these OEM’s, that would be huge, but if you offer let’s say the 6.99 music only to them, does this cannobilize the 50% that would have converted at 12.95.
It might make more sense to get the volume of subs instead of getting overly concerned with ARPU.
Netflix did it and took a big hit on share price, but then recovered quickly and is much better for them because of the much higher subscription rates/volume.
October 4th, 2008 at 2:46 pm Demian Says:
SXMInvestor,
I love your commercial idea. Great marketing idea to make it hip for younger people. Brilliant idea. They should have done this a long time ago. They need to make sat radio cool. Have some rapper in the car with the kid rapping while he is driving.
I wanted to add to your idea with some of my ideas….
Using your concept, it could extend to every member of the family…..
So the dad gets in the car and he tunes to CNN and Larry King and Wolf Blitzer are sitting in the car with him. He tunes to CNBC and then you see Jim Cramer sitting next to him saying “boooooyah”. Whatever sports channel he turns to has famous athletes in the car with him.
Then the mom gets in the car and and you see Oprah in the seat next to her and Martha weaving a basket in the back seat. Oprah says “Me and Martha are going to hang out with you today - hey Martha, how is that basket coming?
Then the daughter gets in the car and you see the Jonas brothers in the car with her, etc.
You could also have an add for Backseat TV showing kids really bored in the backseat. The Mom turns on Backseat TV and then you see cartoon characters sitting next to the kids keeping them company.
You could also show the family in the car in bad weather and traffic. Then you see a newscaster guy with a microphone telling them what is up ahead and how to avoid it and giving a weather forecast.
These ads would also have subliminal messages in them telling people to buy SIRI stock. The promo ads for the new packages you hear on the radio now should also have backwards messages that say “buy SIRI” when reversed.
One other thing. When the car is driving around, it passes an office window and you see Mel K. shaking hands with banker guys in suits. Above the window you see the sign that says, “Loan Office”. The car then passes the GS office building and you see guys in suits crying in the background……….
October 4th, 2008 at 3:00 pm horsecork Says:
Mel made a deal that gave carte blanche to GS and others to short SIRI to drive the SP south. Every day more reets are selling out of their positions. Mel wants the tutes to own the shares. The lower SIRI goes the more reets get scared and sell out. Then the tutes load up. They are also buying and selling to themselves and naked shorting. If we see .50 this week hold on to your hats. Load up. If you liked it at $6, you’ll love it at .50.
October 4th, 2008 at 4:05 pm SXMInvestor Says:
Demian,
Some great ideas, but maybe we could leave out Matha weaving the basket - lol !
Actually I was reminded of an XM commercial from Canada that I had seen where some beautiful woman started throwing their panties at him in his drivers seat when they realized or heard his satellite radio.
I would like to see Sirius XM go on a nightclub tour through many of the major cities promoting the music and overall service.
We have to get the service in the hands of Ipod users so they can see what they are missing. Broadcast content is where it is and if you want MP3’s, guess what you can have that also, and satellite internet radio through WIFI.
The new portable products that we will see in the next 3 -6 months from both sirius and XM should help them catch up on the features, size, sleakness & guess what they have what all other products don’t have (satellite tuners)
I’m starting to get excited again when I think of the possibilities here.
There will be a day that Apple comes to ask Mel to put a tuner on their Ipods. Right now they (Apple) think their shit doesn’t stink and they want Sirius to subsidize the cost and get too much of the revenue share. For all who don’t understand why Mel hasn’t cut a deal with Apple, it because he is not ready to get on his knees and blow Jobs or bend over and take one for the team if it’s not in the benefit of the bottom line.
Sorry for the graphic nature of my explanation, but it basically comes down to that. When you are needy, you will get screwed, so they must get in a position of power to negotiate.
Similar to the GS situation and financing - not in a great position as of today, but I have confidence in Mel that he will do what it takes to turn it around.
October 4th, 2008 at 4:31 pm Demian Says:
I’ve got another idea for a commercial…..
Show 2 young men and a group of hot chicks. One of the girls asks if one of the boys can give them a ride home. They both say “I will” at the same time. The girl then asks if they have sat radio. With much excitement all the girls hop in the car with the guy that has sat radio and the car peels out and leaves the other guy in a cloud of dust. The camera zooms out and the announcer says - “If you don’t have Satellite Radio, you are missing out.”
The music in the background that plays as you see the Sirius/XM logo of course has subliminal backwards messages in it that say “buy SIRI stock now” and “give sat radios to everyone this Christmas.”
October 4th, 2008 at 5:12 pm Demian Says:
Another idea for that ad……
The guy that doesn’t have sat radio says, “I didn’t get it because I thought they were going to go bankrupt and go out of business.” - then all of the girls laugh at him and as they are getting into the other guys car one of the girls says - “what a loser!” and makes the L symbol with her fingers on her forehead……..
October 4th, 2008 at 5:22 pm Demian Says:
I’ve got another idea for a Christmas commercial………….
You show a family in front of the Christmas tree and the parents are giving a present to a high school aged girl. The girl opens the present and starts crying and says, “I didn’t want another iPod, I’m sick of all that music I’ve already heard a million times - I wanted a portable satellite radio! Then there is a knock at the door and it’s her girlfriend who says,”Look what I got for Christmas - the new XMP3!” Then you show the girl holding the iPod crying…….
The camera pans out and the announcer says, “Don’t let this nightmare happen at your house this Christmas - give the gift of live content - give the gift of satellite radio”
October 4th, 2008 at 5:36 pm SXMInvestor Says:
More great idea Demian, but not sure of putting any thought of teh company going bankrupt mentioned.
These are the kind of AD’s we need.
I think when you take into consideration the amount of $ and debt people were willing to take on for home purchases, then a few hundred bucks to get a radio for the car, home or portable is so, so minimal and people just need to be subjected to it more and more, need the ease of installation to be easier (audio jacks in new cars) and people will see how mu