GREAT pumping up news on Bloomberg this AM
http://www.bloomberg.com/video/siriu...uADo~_2dg.html
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GREAT pumping up news on Bloomberg this AM
http://www.bloomberg.com/video/siriu...uADo~_2dg.html
Sirius XM Radio (SIRI): Q1 EPS of $0.02 in-line. Revenue of $897M misses by $12.85M. (PR)
Tuesday, April 30, 7:02 AM ET
PM SP went up to 3.09-3.10 on this news........
Subscribers Grow by 453,000 to a Record 24.4 Million
- Record Revenue of $897 Million, Up 12%
- Net Income of $124 Million, Up 15%
- Adjusted EBITDA Grows 26% to a Record $262 Million
- Free Cash Flow Guidance Increased
- Company Repurchases 209 Million Shares of Common Stock
full article
http://money.msn.com/business-news/a...30&id=16415385
PM SP up to 3.11-3.13
NEW YORK, April 30, 2013 /PRNewswire/ -- Sirius XM Radio (NASDAQ: SIRI) today announced that James E. Meyer has been appointed Chief Executive Officer, effective immediately. Mr. Meyer has served as the interim CEO since December.
http://www.cnbc.com/id/100688544
Thanks rad. Did you get out of mjna?
What channel is it on XM?
With everything pretty much in line or better, why are we sitting at 3.02 right now? Simply a case of selling the news or is there a major disappointment looming?
I bet the conference call will calm the revenue miss issue and get the SP up.
MJNA letter to Shareholders today.....fingers crossed, and toes, and eyes....
https://eresearch.fidelity.com/erese...=USPR____&sb=1
I thought it was a very good Q1 call and results....nice to see buy backs started. I may be a buyer at these prices...will wait to see what happens when markets open
SIRI with 35M shares trades in 30 minutes and up to 3.165
A good day and year begins......
They said in the Bloomberg news story bit I posted earlier today of every dollar in subscription fees thay take in 70 cents goes to free cash flow, and they said and I agree, WOW!
I was hoping for a pop to at least 3.20s. If we don't get there, I may peel off some shares later today. I wouldn't be surprised if we get dragged down to $3 again in the coming weeks/months to facilitate more cheap share buybacks.
Sold a small bit at .164, some of my higher costs basis shares, I need some losses in this cash account, basically made 30% in a day and took some losses too. That's what I see through my rose colored glasses.
Hopefully this quick top today will settle on a good level of support for a continued run up but 50/50 (short term) in my opinion. with this one...
I'm with you, Switch....... As I mentioned yesterday, if there's no real bang from the cc then I'm taking my powder to more-productive shopping grounds. It's been too long for us to muck around this level with no indication we're going anywhere soon. I sold several chunks of my remaining holdings at 3.16 and 3.17...... The last of my nearly 5-year love affair with this symbol is on the sell block at 3.18. Once that falls, then I'm not looking back.................... Personally, I'm waiting for FSLR to do a dip so I can increase my holdings there.