Sirius Stock December 2010
Good morning all :santawave:
Wow, December!! Hard to believe.
All quiet on the Howard front. Will be interesting to see how his :popcorn:
signing/not signing will affect the stock.
Woke this morning to see white stuff on the ground. The start of
3 plus months of shoveling, scrapping, sliding and swearing. :rolleyes:
Whhhhy wasn't I born in a warm state!
Howard Stern "Has A Plan"
November 30, 2010
With no news on his contract renewal status looming, Howard Stern did share with a caller this morning (11/30) that he "has a plan for the future of this company" and where he wants to take the show if he were to re-sign with Sirius XM after his contract expires on December 17.
Stern also stated that he had not shared his evolutionary plans with Sirius XM, but suggested that the rapidly evolving technology pertaining to radio over the next five years will change everything and "blow your mind." Stern has asserted in recent weeks that he will continue to "work" and keep the show alive via one medium or another. Whether or not that becomes a subscriber-based streaming/podcast service via a web site or smartphone app, or as part of an emerging company such as Pandora remains to be seen. Sirius XM, with whom he has spent the last five years, recently passed the 20million subscriber mark.
SIRIUS XM Achieves A Milestone
SIRIUS XM Achieves A Milestone
By Zacks Investment Research on December 1, 2010
Satellite radio services provider SIRIUS XM Radio Inc. (SIRI: 1.39 +0.02 +1.46%) has recently achieved a milestone, touching the 20-million subscriber base — a historic high. The company, which was facing bankruptcy just a year ago, is now steadily moving towards stability.
SIRIUS XM’s business depends to a large extent upon automakers. The sale and lease of vehicles equipped with satellite radios is the most important source of revenues for both the XM and SIRIUS satellite radio services.
Improving U.S. economic conditions have resulted in the recovery of auto sector sales together with better-than-expected consumer spends enabling the company to reach the summit. SIRIUS XM owns an extensive satellite network covering the whole of the U.S. that streams audio content over 130 channels. After Comcast, the company is now the second largest entertainment subscription services provider in the U.S.
SIRIUS XM declared that despite facing a severe economic turmoil and competitive pressure, it acquired the last 10 million subscribers faster than the first 10 million. The company now expects to add 1.3 million net subscribers in 2010, much higher than its previous prediction of 1.1 million. Importantly, this is the fourth time that management has raised its subscriber guidance for 2010.
During the third quarter of 2010, SIRIUS XM reported great improvement with respect to several operating metrics. Average revenue per user was $11.81 compared to $10.09 in the year-ago quarter. Conversion rate was 48.1% compared to 46.2% in the year-ago quarter.
Average self-pay monthly churn rate was 1.9% compared to 2% in the year-ago quarter. Subscriber acquisition cost was $59 compared to $69 in the prior-year quarter. Customer services & billing expenses per subscriber were $1.02 compared to $1.01 in the year-ago quarter.
Standard & Poor’s (S&P) declared that it has put its ratings for SIRIUS XM on credit watch for a possible upgrade. S&P has currently assigned a “B” Corporate Credit rating for SIRIUS XM.
Recently, Moody’s Investor Service upgraded the credit rating of SIRIUS XM. The corporate family rating of SIRIUS XM is upgraded to “B3” from “Caa1” and the probability of default rating has been upgraded to “B2” from “B3”. Overall, Moody’s rating outlook for SIRIUS XM is stable.
Market-Makers Finally Wake-Up
I see the sleeping beauties have finally woken-up . . . musta just hit them . . . tuition for kid's private school coming due
only way to to get the volume up (translation: pay for junior's day-school and the old lady's boob-job) is to take the price down.
So, the bloodsuckers will make their year-end spiff . . . look for synthetic pricing for the rest of December.