Big Three Runnin’ On Empty As SDARS Awaits Pick-Up
The bailout of the auto industry seems to be going down in flames from a congressional standpoint. Cash strapped GM and Chrysler are Runnin’ On Empty with limited cash, and in need of roadside assistance, while further up the road Sirius XM Radio is on the curbside waiting for their ride.
Auto sales are down, and consumer confidence is shaken. Congress says that the best solution is an “organized and streamlined” bankruptcy. Auto insiders and the White House balk at that idea, saying that consumers will not buy cars from a bankrupt company. NEWSFLASH – Consumers are not buying cars at all!
Thus, the auto meltdown continues, and satellite radio sits on the curbside virtually helpless. Sure, sales will transfer to other brands, but those brands need to have chipsets in their hand and get them into cars. That takes time. The big three are an integral part of the SDARS equation, and a hick-up by any of the big three will be felt by Sirius XM in one way or another.
A bailout for the big three will happen one way or another, but it is readily apparent that few want to put their stamp of approval on the deal. Everyone is sitting in hopes that the next guy will make the ugly deal and save the industry. In the end, the bailout will likely be tied to Bush, as his term is up.
Position – Long Sirius XM, No Position, Ford, GM, Chrysler
Does this impact the credit siri has w gm?
Perhaps Bush will move on it.I hope
However, The auto industry is looking pretty dead for the next few months, maybe the next few years. So what market is left for SiriusXM to increase sales with?
Retail. They continue to ignore the biggest market. There are millions and millions of Homes,Businesses,and Used Cars that are potential customers.
Why has SiriusXM not gone on to some of the Home Shopping Clubs on TV and promoted the great content? Why haven’t they put together retail packages for the home such as a Boom Box,Home antenna,and three months free with a 12 or 24 month subscription? Or combination packages for the Home and Car on some of the TV shopping clubs?
Why haven’t they put together a info commercial on all the benefits of SiriusXM and let that thing run on late night TV for three or four months with a special subscription rate?
The reason companies advertise there is that they sell a ton via TV Home Shopping clubs and infomercials.
SiriusXM needs to take the attitude that the only viable market to them at the present time is retail, and put all the efforts into that market segment.
If they would do that now, when the auto industry does turn around they will be light years ahead.
imho
vaporgold
vapor…because they dont give a phuck about retail sales and the stock price..
Why has SiriusXM not gone on to some of the Home Shopping Clubs on TV and promoted the great content? Why haven’t they put together retail packages for the home such as a Boom Box,Home antenna,and three months free with a 12 or 24 month subscription? Or combination packages for the Home and Car on some of the TV shopping clubs?
Why haven’t they put together a info commercial on all the benefits of SiriusXM and let that thing run on late night TV for three or four months with a special subscription rate?
Hope,VG
.14. Here is why shareholders are so frustrated.
http://finance.yahoo.com/echar.....=undefined
The excuse that Sirius leadership is in bad economic times etc., simply is not playing out i real time.
The S&P 500 has actually had a nice two week climb. Meanwhile Siri has had a nice continued downturn.
Simply stated. The stock is completely incapable of any upward momentum. Faced with more bad news next week at the annual meeting, and thus, the investor is left with Russian roulette.
Only choice one has is when to push the “submit” bullet, or simply take the pudding when the final takedown occurs.
Additionally there have been outstanding articles written this week, yet the level of poster interest has dropped in proportion to the share price.
SH..That was funny in a way,and I guess you are right they don’t give a phuck
Hey Scrf.. how is it going?
You are right, it seems people are dropping off. It was cool here for awhile until the pumpers and the Mel’s can do no wrong took over.
I am not sure but I think GIS may have left, have not heard anything from friggin in awhile.
If you guys all go someplace else let me know where that is…
vaporgold
Vapor,
Yeah, I haven’t seen Roadkill 4 two weeks now.
Truer words were never spoken. When the pumpers and the Mel can do no wrongers take over, those simply in search for some logical dialogue disappear at a rapid rate.
Yahoo went completely void of all sanity after the drop in share price.
On the flip side, I do believe that enthusiasm would return should any glimmer of good news, ever,ever,ever get here.
Hey Vapor I’ve been working like Dread, for every dollar on other ticker symbols. Reality is,is that as Dread said, it’s a traders market right now, if you stay with the game.
So I keep working it and keep hoping for some light and the end of the Sirius tunnel.
Will keep in touch with you this weekend.
And agree,that if others continue to leave, I would want to stay in contact.
Going shopping Vapor. LOL. Wish me luck.
Socal
SoCal as you stated…
“So I keep working it and keep hoping for some light and the end of the Sirius tunnel”
It’s more like a funnel…with all the mel ass kissers joining at the bottom in a bucket of shit.
You know I am not a basher but a realist…but most on this blog are dreamers and mel believers.
Hey Hope.
Funnel. That’s a new one.
No Hope your not a basher at all.
That lawsuit against Sirius was stupid anyway.
Shareholders do however, have a fairly high success rate, when utilizing arbitration or litigation involving an actual securities attorney.
Which would be the appropriate way to handle any situation where you feel you have been wronged, rather than grandstand you way into some criminal accusations.
Hey maybe I stirred up some weekend posting with that one. LOL.
Hope I hope my money is still safe there in Vegas, I hope to revisit it again in 2009.
Take Care.
Hey guys!!!
I was thinking the same thing, been following the boards for about 6 months now. And I miss friggin ranting and others too. I did not feel it necessary to jump in at all because everything was covered.
I can’t pull up any charts right now, just reinstalled my slackware linux box tonight. Don’t have JAVA up yet, so I cant pull up the charts but. Take a look at the VIX chart and compare it to SIRI. If memory serves me correct, when the VIX dropped sharply, SIRI got its mini pops in the .40’s/.30’s/ and we had one from the .15 range to .20. Maybe I am losing it, 🙂
Anyway my guess is, that if volume were to pick up across the board/markets, then SIRI should turn around. I just can’t confirm/post the correlation right now, if there is one?
Have a good weekend everyone!!
Hey guys. Yeah…I’m kinda out of rants. It just seems pointless. I also had my first post removed from Sirius Buzz the other day. Yeah, you could say it was in the wrong place(it was in the Sirius Coupon story comment section). But NO ONE was commenting on the story. Whatever. Not mad at Buzz. I just don’t care anymore.
We’ve all been thru an emotional roller coaster ride with this stock. I have lost all faith in Mel and simply feel it’s over. Investing anymore hope into anything management says is an exercise in futility and frankly masochistic if you ask me.
I refuse to be a punching bag anymore. Unfortunately unlike Tyler or Brandon, I didn’t sell the bulk of my position awhile ago.
While in Brazil I stayed in this small town about 6 hours north of Rio. Everyday near at this playground a group of kids too poor to afford a ball would play soccer with an empty coke bottle. I ended up buying them a ball, and they were extremely happy…but my point is, they didn’t let their circumstances affect their ability to have fun.
Anyway, while in Brazil, I let go of the thought of EVER getting my Sirius money back. Although I lost a lot of money in Sirius, the part that hurt the most was how long and drawn out the downward spiral was and the emotional toll it took.
The money I can replace. Lost time I cannot. My trip to Brazil helped humble me. Made me realize to be grateful for what I have and to enjoy every moment.
So I’ve let go of Sirius. COMPLETELY. To dwell on it or talk about it just seems pointless and counter productive now. My last rant that was removed from Buzz was my last. Not because it was removed, but because of what I mentioned above.
I’m done fellas.
Yeah, I’m curious to see what is going to happen on December 18th like everyone….but I am so jaded when it comes to this stock that I have ZERO expectations.
I’ve started over, and Sirius is no longer a part of the equation. It’s in the past for me. The only expectation that I have is that my shares will be wiped out and worthless. Or at least that is the feeling I have. I can’t allow any hope to enter into it anymore. It’s done.
Sirius was my FIRST big stock loss, and a valuable lesson.
Not that I won’t make investing mistakes again, but I KNOW I will never make the same ones I made with Sirius.
Again, no hard feelings for management for removing my previous post. My lack of enthusiasm and passion has nothing to do with this site.
I just don’t feel it for the stock anymore. I’ve moved on.
I’ll probably stop in from time to time to say hi – in the “appropriate” post of course lol…but if I get wiped out after the December 18th meeting(which I fully expect to happen)…there will be no more reason for me to haunt these boards. Sirius will become a footnote in my investing history.
Y’all have been mad cool tho.
Peace,
-Friggin
Friggin……………………..
There is no way, any board or blog would ever be the same without you “haunting” their boards.
Socal
Friggin..
From pre stern to now has been a long depressing run no doubt about it.
I have lost a ton also but you have the right attitude.
Kickin a coke bottle.. we forget how really good we have it.Thanks for the reminder!
Don’t be a complete stranger, should be some interesting comments after the stockholders meeting.
I not so sure you being so laid back and cool is good for you anyway, so how about a rant once in a while? we miss it
Dread..SH..SCRF
Don’t know what happen to SRK, I hope he shows back up.
I have not been trading much to speak of lately. Bought a few hundred shares of stsi just because a client has been talking to me about it for years now.Now we can talk about stsi when I see him and if the court case will ever be settled.
As I mentioned before I am pretty much out of stocks and into CD’s. I am getting older and can’t afford to take a hit in the market if I ever want to retire.We are glad we got out when we did.If I was younger I would take eveything and buy back in when I thought the market was at the lowest and the economy was starting to fire back up.
I am waiitng for Dread to get his charts back up so he can tell me when SiriusXM is going to start moving up and up..
vaporgold
I wish I could tell you vaporgold, I really don’t know. At least the meeting is this week, and those clowns better say something good. The longer we go without a refi deal, the spookier it gets.
Getting tired of their stall tactics!!
Good to see your still alive friggin!! 🙂
Sorry, had to run out real quick.
Well we can all agree that everything has been oversold, for the sake of this stock the stupid VIX needs to go back below 30 and get down to its 15/20 range. I will look around and see if I can find anything useful to the board.
Well I got nothing new, just comparing everyone of my favorite companies to the VIX, and when September came around it was, goodbye. As everyone here already knows, no one was safe.
Does anyone have any thoughts on the new year? Will everyone start piling back into the markets?
Will it just be more of the same?
Every 4 years the markets seem to go haywire, man do I hate election years!! This should be an interesting week, and hopefully the CC will allow us to get refinanced, and quick!!
Thoughts?
Thanks again for your help testing this new functionality. I removed all the back and forth banter.
It was all you Charles, looks good, if anything flakes out I will let you know. 🙂
another test
Kernel Panic!!!! 😮