Sirius Stock September 2011
Just realized we are a week into September and still in the August thread.
Sirius at $1.69. *Sucking right now. Keep in mind PATIENCE, dear Stockholders, is a virtue. That has become my mantra for the last 6 years.
Fall is in the air. Last week high 90's. Today 60. Actually the cooler temps today felt better than that hot stuff.
Oh will I EVER regret saying that come January!
* Technical term.
2012 Guidance; EBITDA Guidance Below Analysts' Estimates; Reaffirms FY 2011 Guidance
Sirius XM Radio Inc. announced that for fiscal 2012, it expects revenue growth of 10% to approximately $3.3 billion and adjusted EBITDA growth of 20% to approximately $860 million. The Company also announced that it has reaffirmed its fiscal 2011 guidance and expects revenue of approximately $3 billion and adjusted EBITDA of about $715 million. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of $3 billion for fiscal 2011; EBITDA of $933 million on revenues of $3.4 billion for fiscal 2012.
Hey, 20% EBITDA GROWTH ain't nuthin to sneeze at (now enter Spencer Osborne with unsupported allegations of how Mel is cooking-the-books to hit the numbers; go ahead Spencer, I dare ya . . . BUT YOU BETTER COME LOADED WITH VERIFIABLE PROOF!)
and yes Spencer, EBITDA can in fact be "adjusted" (as you well know) for entirely legitimate reasons so don't try and piss down my back and tell me it's raining . . .
Sirius XM raises prices, shares gain
By Liana B. Baker and Saqib Iqbal Ahmed
Wed Sep 14, 2011 4:02pm EDT
(Reuters) - After years of being prevented by the government from raising prices, Sirius XM Radio Inc said will increase the cost of its most popular radio package by about $1.50, which sent the satellite radio provider's shares up more than 7 percent on Wednesday.
Customers will now pay $14.49 a month for Sirius XM basic packages instead of $12.95. This is below the $2 price increase some analysts were expecting.
The company will also adjust the prices of other programing packages, starting January 1.