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Thread: SIRI Intraday Thread: Monday May 11

  1. #1
    trippingthespeculatingpos is offline
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    SIRI Intraday Thread: Monday May 11

    we were up 2 cents on the week heh, are u ready for another up week. should be good once investors realize this is the real story.





    Sirius XM's loss narrows as revenue rises

    (8:25 AM ET) TEL AVIV (MarketWatch) -- Sirius XM Radio, the New York provider of subscription-based satellite radio service, reported a first-quarter net loss that narrowed as revenue rose. The net loss was $50.4 million against $104.1 million in the year-earlier quarter. The net loss attributable to common-stock holders was $236.6 million, or 7 cents a share, compared with $104.1 million, or 7 cents, in the year-earlier quarter. Shares outstanding were 3.52 billion against 1.48 billion. On an adjusted basis, the company reported a quarterly profit from operations of $108.8 million compared with a loss from operations of $70.2 million a year earlier. Sirius XM's pro-forma net loss narrowed to $62.9 million from $233.4 million in the year-earlier period. Pro-forma revenue was $605.5 billion, up 5% from $578.8 million. The cost of acquiring subscribers improved 26% to an average $61 from $82. The company ended the first quarter with 18.6 million subscribers, up 3% from the year-earlier 18 million opn a pro-forma basis. First-quarter adjusted average revenue per subscriber was $10.43, compared with $10.48 a year-earlier.

  2. #2
    Whynot is offline
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    Agreed, we got shafted! Once more folks see the REAL story and we have another quarter just like ot or better......sky is the limit!

    BUY BUY BUY BUY SIRI!!!!

    Cheers,
    -Whynot

  3. #3
    JohnnyIrishXM is offline
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    Good Morning Everyone,hope the weekend was exciting for all and you got your relaxation in for the new week ahead..
    Will be interesting or not to see where SiriusXM trades from now on as no real news of value is expected until June at least..

  4. #4
    imromo24 is offline
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    Hopefully we see a steady climb upwards until the news in June.

  5. #5
    mrmertz is offline
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    Good morning to all also!

    Yuppers, got rested up for the new week. Hey! Just before open SIRI is up almost to .42! Woot.

    Johnny, think I'll take the "or not" approach to see where SiriusXM trades from now on. I wish Tripp's take would pan out...but then don't we all? I think I would get better results by shredding my 'buy' paper for Sirius and using it for garden mulch.

  6. #6
    JohnnyIrishXM is offline
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    You mean you haven't already?!!!! just remember when it is at the most booringest is when we haved move up.....we'll see who wants in this week or so..
    Last edited by JohnnyIrishXM; 05-11-2009 at 10:40 AM.

  7. #7
    JohnnyIrishXM is offline
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    Level 2 is 6200 sell orders with low of .42,but not alot from there to .45..
    Buy orders are up also with 4300.still want to get in cheap with highest big block at .41

  8. #8
    JohnnyIrishXM is offline
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    Well the Brokers painted our trade range today,with 1 share at .49 at 7:10am in Pre-market and low of .40...Just a theory but it has been true so far..
    so we might see .45 to .49 range and back to .40 range probably with close somewhere around .45..JMHO

  9. #9
    underway is offline
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    from the 10Q: may defer satellite launches...good!

    Last week there was a discussion about upcoming sat launches and their potential effect on FCF. Per the 10Q, SIRI may elect to defer launches if they decide to do so for financial reasons. This is good news because they are not locked in to spending exorbitant $ which could kill positive cash flow.

    Here's the quote from the 10Q:
    "Our plan to maintain sufficient liquidity includes the potential for deferring the planned launch of satellites and deferring planned capital projects or other discretionary spending. We believe that our cash and cash equivalents on hand, marketable securities, available borrowings from Liberty Media, and expected cash flows from operations will be sufficient to satisfy our financial obligations through 2010, including our obligations on account of interest and principal payments of $1,067,540. Our financial projections are based on assumptions, which we believe are reasonable, but contain uncertainties."

  10. #10
    JohnnyIrishXM is offline
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    At least 1.8 mil block at .40 trying to get filled,it will...

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