Poll: Who Is Right About A Share Buyback? Brandon or Tyler

Brandon Seems to think a share buyback program would be a good move. Tyler doesn't think so. What do you think? Who's right on this?

Gary and Mel should buy more personal shares. The company should wait.

There will be other company buying opportunities. Even when they are profitable there will still be bashers to keep the stock below what it is worth.

SIRI is thinking long term. Short term pain = Long term gain!

If someone said I'll give you an 85% chance at $10,000 right now or a 75% chance at $50,000 in two years, I'll take the latter all day.

I'm with spanyo on this one. If it is necessary to reach out to the shareholders who just got pummeled, it should be coming from the pockets of management. Let management's confidence speak to the street.

Sirius XM Radio has more pressing matters to handle, and wiser ways to use their cash.

Spanyo, I said why before in the main site. I will say it again, where do think most of there pay comes for? Thats right they are paid in company stock. So each and every quarter they buy shares weather they want to or not.

Would be helpful. Is it true that the former XM CEO is to receive severance pay of $100 million or is that false info from bashers? If SIRI XM can pay out $100 million right now after sticking its stockholders in the neck with a fork, then they can buy back some stock also. A symbolic gesture or any gesture on the part of the company to demonstrate some faith in itself would be helpful to the company and its shareholders. Also, is there any potential for a lawsuit against Cramer for his untimely bashing?

As much as I'd absolutely love to see Sirius XM do a stock buyback of hundreds of millions of shares, if they did it at this time I think they would look reckless. They are known by everyone to be losing money at this point, they were recently forced to borrow more money at too high interest rates, and, although they say they will be cash flow positive in the not too distant future (and I believe they will), that is just an unguaranteed projection. If they did a stock buyback at this time, with the uncertainties of the economy and stock market at this time, compounded by the fact that they are still losing money, such action would yield about 2 minutes of joy. After that I think a lot of investors would run for the hills, feeling that building the company is now the only thing to do with scarce money. Hope everyone is having a great weekend!

Brandon or Tyler,

Has any media company ever done a stock buyback before they were free cash flow positive. I don't understand where Brandon is coming from here? I don't believe it has ever been done before.

Mel has stated a million times free cash flow is used for paying down debt, making acquisitions, and buying back stock.

I could see all this happening when SiriusXM is free cash flow positive. Brandon where did you come up with this idea now?? Very strange.

Hey John, I didn't mean to sound like Mel and Gary SHOULD buy shares. They can do whatever they want with their money. I just meant that I thought it would be smarter for the individuals to buy shares than the company, if the goal was to pump some life into the stock price.

I just thought if I were in their positions I would be buying more stock. I believe in the potential here. I am sure that so do they. In fact if I was Mel, at these prices, I would want all of my salary to be in the form of company stock.

Mel has a lot of eggs... in a lot of baskets. If I was him, I would be getting a bigger basket for my siri stock... I know that I am contemplating getting a bigger basket for mine.

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Just saw this at: http://www.siriusnewsrumors.blogspot.com/

MEL KARMAZIN TO BUY SIRI STOCK!
Breaking News:

In an interview with Neil Covuto Mel Karmazin states that as soon as the lawyers give him the go ahead to expect that he will be buying for himself and with his own money!


Thanks crfceo....

And if true, thank you Mel. Although he'll most likely be thanking himself.

spanyo, What I said I think still holds,


"What are we a communist state were the majority can tell a person how to spent his money. I do think you are right to a certain point though. If Mel has that much confedence in SIRI XM then why is he not buying at this price. Maybe it is because most of his pay comes in the form of company stock already. You ever heard of an old saying, “dont put all your eggs in one basket”."


I believe Mel did this for the shareholders as much as for himself if not MORE for the shareholders. This if anything should get people off his back, a place I dont think they had any right to be.


As for the rest of you pissed off investors:

If I were Mel reading some of these post I would be pissed and be saying to myself what ingreats are these people. Is it not enough for them I cut the shit out of cost, which got SIRI to have FCF positive for half of 2007 all the while having my hands tied. Is it not enough that I did what most thought impossible got the only 2 satellite radio companies merged, and my god look at the piss-anti concession I was able to get by them. Whats next, you want me to jump into a volcano for you.

I for one would like to thank Mel for doing something that was not in his job describtion. (Well it is, but he fullfilled that part of it a long time and millions of shares ago.)

John, The "communist state..." part of your comment seemed a bit over the top to me... But the rest makes perfect sense.

I think he DID do it more for the shareholders...although that obviously includes him. But even at 6.5 million shares, with the future of this company, money will just be a way for Mel to keep score. I actually would have been happy if he did not make the purchase. I was having fantasies of buying a lot more shares for under $1.

I've never been down on Mel. Not even for a second. I'm Long. He knows what he is doing and I have faith in that. Unless this stock becomes wildly overvalued, I'm not looking to sell for at least 4 years.

I see this stock as a slingshot pointed at the sky. As it is being pulled back it has to go down. But when it is let go, it's going towards those satellites.

spanyo, that "communist" thing was more for effect then anything else. Also I was not including you in that pissed off investor part. That was directed to the people that have left pissy comments about Mel. I also totally agree with this:

"I've never been down on Mel. Not even for a second. I'm Long. He knows what he is doing and I have faith in that. Unless this stock becomes wildly overvalued, I'm not looking to sell for at least 4 years."

Also did you see the interview on FOX. Remember what I was saying about the concessions before on the article I posted in the forums.

I did see Mel on Fox. I agree with everything you have said about the concessions. I would rather see the stock at $1 right now with what they got than any stronger concessions and a price of $2. He got a sweet deal done and it will pay off big time down he road.

Let's just hope that the NAB doesn't find a way to stick HD in. I would imagine it will be difficult, but I see a new FCC taking a hard look at the open comment period about including it at a later time. I wonder how long that will drag on.

You should save a copy of that concessions post and look at it 3-4 years from now... You'll be laughing all the way to the bank.

I just wish I could go to sleep for the next four years.

Why isn't john an option on this poll? ;)