5-1 siri debt

SiriusXM Prices $1.5 Billion In New Debt

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

SiriusXM Reports Quarterly Earnings

SiriusXM reported quarterly earnings today and for the most part the company met expectations and there was little surprise in the numbers delivered.  The first quarter of 2014 started off with revenue of $998 million and  earnings per diluted share 0f $0.02.  Net income was $94 million, and Adjusted EBITDA reached a record of $335… → Read More

glasses-calculator-desk-pen-research

SiriusXM Paves The Way For Financial Maneuverability

As I get ready to write this I can not help but think back to the past 24 months and tons of keystrokes regarding a debt to EBITDA ratio of 4.5 vs. the 3 that Mel Karmazin said was the sweet spot.  At the time, I pointed out that the added debt would be used… → Read More

chart-pattern-analysis-pen

SiriusXM Quarterly Preview – Expectations Are Key

SiriusXM will be reporting its quarterly financials this Thursday.  In my opinion the key element of this call will be expectations.  Right, wrong, or indifferent, Sirius has shifted from a “darling” when Liberty Media made an offer to bring the company under its umbrella to “questionable” ever since Liberty pulled its offer off of the… → Read More

calculator-pen-chart-research

SiriusXM Notes Get Upgrade

SiriusXM today announced that the ratings on the 5.25% Senior Notes due 2022 issued by its subsidiary, SiriusXM Radio Inc., have been upgraded to investment grade by both Standard & Poor’s Ratings Services and Moody’s Investors Service. “The upgrade of the ratings on the Notes to investment grade has the effect of eliminating many of… → Read More

dice-chart

Ugly SiriusXM Technical Event

I know that many will not want to see, hear, or speak about this, but it has happened.  SiriusXM’s 100 day Exponential Moving Average (EMA) has crossed below the 200 day EMA.  This is a bearish event, and could not happen at a worse time for this equity.  I follow EMA’s for SiriusBuzz Premium members… → Read More

car dealer

March Auto Sales Show Upswing On Incentives

The auto sector showed a little life in March with the help of incentives.  For the month auto sales were 1,533,520.  This beat March of last year by about 80,000 units and even allowed Q1 of 2014 to better Q1 of the previous year.  Q1 2014 was about 48,000 units better than Q1 of the… → Read More

chart-pattern-analysis-pen

SiriusXM To Announce Q1 Results

SiriusXM announced today that it plans to announce first quarter 2014 financial and operating results on Thursday, April 24, 2014.  The company will hold a conference call at 8:00 am ET on Thursday, April 24, to discuss these results.  SiriusXM typically announces results prior to the market open.  This quarterly call is happening just a few… → Read More

avis

Avis and Budget to Offer SiriusXM on Most Rentals

Avis Budget Group, Inc. has announced that SiriusXM is now available to a majority of Avis Car Rental and Budget Car Rental customers via factory-installed satellite radios. The new offering will give customers easy access to satellite radio… for a price.   Previous to this development, Avis and Budget offered satellite radio via a plug… → Read More

automanager

SiriusXM Ramps Up Used Car Initiative With AutoManager

SiriusXM today announced that it is now working with AutoManager, which has 4,600 auto dealers using its dealer management products, to easily enroll independent and franchise dealers to participate in the SiriusXM Pre-Owned Vehicle Program.  Essentially the company is outsourcing this project to a company that, in theory, has the contacts and capability to produce… → Read More