SiriusXM will announce Q2 2014 financial results on Tuesday, July 29, 2014 at 8:00 AM. The company typically releases financials shorty before the call, and the pre-market call is standard. Analysts are expecting the company to announce a profit of 2 cents a share on revenue of about $1 Billion. In 2014, the company has… → Read More
In 1971 Don McLean released a song that turned out to be an American classic. The Day The Music Died (American Pie) was a tribute to Buddy Holly, but was also a song that made people think of better times, simpler times, and times when the human race was more “real”. When satellite radio first… → Read More
SiriusXM has wasted very little time in firing back on a potential class action lawsuit involving a former intern for the Howard Stern Show. The suit alleges that SiriusXM failed to pay a non-paid intern and according to the plaintiff, Melissa Tierney was born from an alleged injury suffered when getting Stern his fruit salad…. → Read More
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This has been a painstakingly slow process, but it appears that SiriusXm is finally gaining some real traction on getting OEM’s to pony up for telematics services. As consumers, we all have telematics in our lives, typically through a smart phone. That being said, smartphone integration of services into the automobile has had challenges. Consumers… → Read More
It was just yesterday morning that I posted for SiriusBuzz Premim members that I felt SiriusXM needed just 3 days of closes above $3.40 to make a run at $3.61. The equity closed at $3.37 yesterday and as of this moment is above $3.40 and making the move on decent volume. In following the technicals… → Read More
With the best showing in years for several auto makers, sales in May of 2014 topped 1.6 million, well above the 1.44 million we saw in May of 2013. This also represents the second consecutive month that auto sales have demonstrated substantial growth over the year prior. This is good news for SiriusXM in that… → Read More
In a development that may be tough to read, Liberty Media stated today that it makes sense to roll SiriusXM into its business but says that the company will not chase such a deal. It seems like a vote of confidence tossed on top of a vote of non-confidence. While some shareholders will celebrate the… → Read More
SiriusXM announced today that Nowcom will provide seamless integration of the SiriusXM Pre-Owned Program into its DealerCenter dealer management products. DealerCenter is Nowcom’s all-in-one DMS software that helps car dealers manage their customers and leads, sales, inventory, financing, websites and online marketing. There are about 4,500 dealerships across the country that utilize DealerCenter. By integrating… → Read More
April auto sales are in and we are finally seeing some improvement over last year. In April 2014 auto sales came in at 1,386,608. This represents an improvement of just over 100,000 units from last year and sets the pace for a realistic chase for 16 million in sales this year. SiriusXM is installed in… → Read More
Not long ago I stated that I fully expected siriusXM to issue new debt. That happened today with what was initially a $750 million offering and subsequently the amount doubled to $1.5 billion at 6% and is due in 2024. The new funds will allow the company to continue with a planned share buyback. The… → Read More