Cramer Sticks It To The Feds
Cramer finally speaks up and tells the Feds to wake the @*%$ up! Well, not literally, but he is calling for the regulators to take action. Cramer mentions in this video segment that if the government is so worried about antitrust, why did it hold only one hearing on the far bigger, far more monopolistic Exxon-Mobil merger? Or how about the Chevron-Texaco deal? He says that the politicians have their pockets filled with terrestrial radio money. As I wrote in a previous post here on Siriusbuzz, the wait for this is absolutely ridiculous. Cramer believes that this is not a monopoly at all. He discusses what we all know, the competition from various media such as IPODS, terrestrial, Internet, etcetera.
Cramer also states that the combined company would have more offerings and pricing plans that have clear benefits for the consumer, which is precisely what the FCC is looking for. Cramer predicts that if the deal is sealed, the cost savings for the combined company will be huge. Sirius, under $3 now, will likely go much, much higher and if the deal breaks apart, Jim said Sirius still works. It’s adding more subscribers and is expected to grow sales faster than its rival/partner, XM, even though it has greater operating losses. It’s also better prepared to expand outside of the players built into cars, where XM leads. Both are small and unprofitable, but Sirius’ higher sales growth makes it the clear winner to Cramer.
Check out clip from Friday’s episode of Mad Money.
As shareholders and or subscribers, what rights do we have relating to getting this merger approved?
>>> As shareholders and or subscribers, what rights do we have relating to getting this merger approved?
Put mildly, “None”. It isn’t your decision.
However, that Mel has rolled out another round of Jim Cramer has to be of concern to pro-merger forces. He has come back to the guy who got the Siriots whipped into a frenzy in the first place, and that suggests that he MAY be having trouble convincing someone that the merger is good for America.
Thanks for the comments on the post. This merger will go through my boys……….I have faith.
Yes frontmed there you go again, Mel controls everyone. Only you and a few others remain uneffected. Yet another faulty premise to anyone who lives in the real world.
>> Mel controls everyone.
He doesn’t control everyone, but if you’ve never seen Mel on Cramer’s show, it is a sight to behold — Cramer is like an enamored three-year old. In fact, it is funny to watch.
Cramer bets on good CEO’s and Mel’s track record is pretty damn good. Why wouldn’t he be enamored?
What is wrong with being enamored? I am a regular guy myself but I would probably act in a similar fashion if I were in a room with Steve Jobs. Maybe Mel just “does it” for Jim.
John Durocher or I mean FrontMed I have gone from thinking you to be an extrimist to you being a lunatic. If the merger is approved Mel better double his security to protect him from you.
> What is wrong with being enamored?
Exactly. The Siriots’ battle cry.
@JOHN – I’ve never had a problem with Karmazin — he has done more for Sirius than anyone else could have. But Sirius was in a very deep hole to begin with, and they aren’t even CLOSE to digging out of it — with or without a merger.
Well considering your previous comments it is clear you are an advocate for XMSR. And feel vary strongly they are by far better off without this merger financially. I’ll tell you what because the financials at this point in time can be debaited (most anaylist think Sirius is the better of the two) We will see, if XMSR wins out I will say you were right about XMSR if I’m correct then you will have to admit it. We will be able to see who has free cash flow in the last quarter, and if XMSR has any at all, we will see who has more. If no merger then in 9 to 12 months we will see who has more subcribers (9 months including Canada 12 without). At the end of that 12 months we will also be able to see who is closest to reaching full year fcf positive. Is that a deal, if the amount of FCF this next quarter is not enough. Because I have a feeling even though it is a pretty good indicator, it’s not the only one, and you will look at the one silver line in that dark storm cloud called XMSR and point only to that, then I can wait a year (of course if no merger).