who was the douchebag who's asked for sub guidance 3 times in the last 3 minutes?
who was the douchebag who's asked for sub guidance 3 times in the last 3 minutes?
Tuna Amobi - S&P
Alternative offer from EchoStar. how was Liberty deal better?
Number of companies interested in doing a deal with us. After consideration, the board was unanimous in deciding that Liberty was the best deal.
Discontinuing guidance yet confirming EBITDA guidance. Withdrawing long term guidance?
Yes, withdrawing guidance for everything other than EBITDA. "We will EXCEED $300 million EBITDA" Big differenance from before where we said we would have approximately 300.
Tuna drilled him on the Ergen deal and growth. I would have done the same thing if I was an ass too.
Missed name
120 restricted cash was for MLB. Those funds have been released to that organization for 2009 and 2010. Not required to refund escrow account for MLB.
CAPEX Guidance?
Loral credit revolver of 80 million
Drawing conditions restricted for payments to satellites.
Multi-subscriber price $6.99 per month increasing to $8.99 per month. Gave ability to lock in the $6.99 price (up to march 30th). Good response to this offer. Gives us a working capital benefit. Unable to raise prices on long term plans, but could cut multi-year plan discounts, but are not looking to do that at this time.
Now at .1700...
Ned Zacher - KLS
Conversion rate 44% average per year, 52% going rate on exiting 2008.
Crocket - Lazar Capital
Overview on conversion rate over last few months
Confusion on merger and news and press of negativity brought down conversion rate.
Difficult period, thrilled with outcome. Now that this is out of the way, we are focused on growing our business.
And, it is over...
Mel - focused on growing business. Hope he means more and better advertizing!
I thought it went ok,but THE NEWS about Over 300MIL EBITDA is great...
So what do you guys that listened think? Was Mel Defensive or Offensive?
As far as Amobi asking about other deals: There was no way Mel was going to release any details. He said "Unless you want to ask about something specific in the deal, we selected the Liberty deal because it was the best deal."
Canceling guidance is nothing new since they did not give guidance during the merger process, but the EBITDA of OVER 300 million for 2009 is definately a positive. That means that as far as EBITDA goes, they will be adding over 600 million in positive EBITDA (this year was a loss of $277 million right?)