SIRI Intraday Thread Tuesday June 2, 2009

[elm2729]

Hi everybody I'm new to this board, I have been reading it for about 3 weeks now but this is my first post. I have been following Sirius for quite sometime now. I've bought and sold like most, made some lost some. I still think it is a innovative idea and company. I believe it will be as common as cable or satellite tv and I remember when lots of folks said they would never pay for tv but here we are. That being said, I wonder what all you think about the future of Sirius as far as Liberty goes. I know i have seen a statement about the possibility of a bundled package with directv and I think it was Blue Horizion telephone which are both satellite or the other statement I recently seen was Sirius becoming Liberty Radio. How would these scenerios affect the stock price and I might be stupid but is there any chance of penetration into europe or south americas or is this something that is controlled by FCC.
Thinking satellite one would think it could be a global thing. Also any thoughts on the movie Stock Shock
so there is my thoughts, please go easy on me I seen this can be a tough room, lol. I'm about to turn 50 I have 3 young boys adopted Nov 2008 and I recently laid off from job in April so I dont have really money $$$ to buy down at this time . my position currently is 14,000 at 43 cents.

[SteveSirius]

Why is it that some places if talk positive about a stock you get attacked and some places if you talk negative about the stock you get the same.

Why do people feel the need to tell other people to sell the stock because they dont a gree or tell them they are gonna lose alot if they dont sell ... I just dont get it.
It is a forum not a pep rally. Apparently you haven't been paying attention. The stock isnt moving for a reason. There are negative aspects to be concerned about as well.

Many here are to rosey about this particular stock. Apparently I am one of those too. I just dont tell others that are not so rosey to sell and leave .


Argue the point. Show them what you believe is the fallacy of their argument for sure! or Ignore them!
But be civil. Lets keep this board from being the lord of the flies board.

Hi Airman!

I agree with you wholeheartedly. I used to enjoy posting on this board because it was made up (for the most part) of people who respected each other's opinions. This was true even if someone's opinion seemed way off base. Now there seems to be great anger on this board.

Just yesterday, I read the first six pages of what was supposed to be a SIRI intraday board. Then I commented that six pages of comments had gone by with comments solely about the GM bankruptcy and its reason for going bankrupt. I commented that six pages had gone by without any reference to what meaning that had to SIRI as a company and its stock.

In the past, if there were a lot of off-topic remarks on a board, people would suggest that the off-topic discussion be moved to another thread so we could remain on topic.

Yesterday, instead of that happening, one person answered my comment with the remark something to the effect of "hybrid cars with inpact Sirius XM in the future; now are you happy?. I did not deserve to be given such a snotty remark. Then, another person quoted me and said something to the effect taht they were "sick of this person" and they asked how they could put them on ignore. Then, the next comment was from another person who instructed them how they could put me on ignore.

So, the anger and egocentrism on this board has really gotten out of hand. It is no longer a forum for learning, teaching and sharing of ideas as it once was. For whatever reason, it has turned into the private club of a few people who post the same stuff ad nauseum for their own ego gratification.

I'm sorry if people don't like me saying this, and I hope it can go back to being a friendly, sharing board, but I wanted to add my two cents to support you and others who feel this has gotten out of hand.

I hope everyone who reads this is well.

And, as I used to say on this board, "Good luck to all of us!"

[JohnnyIrishXM]

I hope you are not trying to compare Russian nuke subs to ours or subs from the 50s and 60s to todays.

No not at all,just using as example the second most secretive military country came clean so you know US has some too...

[lloyd Handwerker]

I agree with John. For what is worth. Want to know why anyone at the top of their industry go bk?
Look at costs.
Period.
It isnt that hard.
Lloyd is trying to make the case that consumers, and sales ruined them. Not even close. Sales were never the problem. Consumers still WANT SUV's. They just cant afford them anymore. But GM cant offer a high mileage , reliable, well made car, they miss that entire market when oil goes high. That was controllable.
Labor ruined them. Period. Cant pay a guy $30 an hour to push a button. Japan is paying that guy $15 an hour, and no benefits. Plus they keep and have kept their currency just above toilet paper status for years, AND still kept their labor costs low.
Our government helped ruin them too. Taxes that other companies dont have to compete with.
Being a business owner, I know what kills me. Labor, and costs associated with labor. Then, taxes that are unavoidable. Workers comp, unemployment taxes, health care, pensions, retirement programs, etc...
Taxes and labor costs in this country choke tons of small and medium size business's.
Cant see how this didnt hurt GM but ten fold. Can you imagine just what they pay in workers comp vs. their competitors. Toyota... BMW... Honda...Nissan...
Not a level playing field.

Your wrong Reimor just like you were about GM not going bankrupt.
Deep down you know your wrong Reimor. LOL.
As a business owner you never made a mistake. Ah the fantasies of a blind
man. i just wanted to add one to your list of difficulties in business. That would be bad business decisions by management. My Grandfather taught me
that workers and customers are always right. An exaggerated idea but one i
have always tried to live by. it leaves me much more peaceful and less angry about taxes and things like that. Got to just work that much harder.

[trippingthespeculatingpos]

welcome to the board elm

[john]

so their ceo getting 20 million just for being fired wasnt part of the problem. trust me thats just 1 example, i love when people complain about unions when ceo's are the ones raping these companies for every penny they have. maybe instead of paying your ceo millions you should just pay him half a mil then u could continue to pay FAIR wages that people can actually enjoy their life with. the problem isnt the workers on the bottom making 24-32an hour its the big boys on top. there is a reason why the rich are getting richer and the poor are getting poorer.

Listen I dont have a problem with that if the shareholders dont like the pay he is getting then vote the board out. I have no problem paying a CEO 20 million. Do you have a problem with paying a guy 20 million just to put a ball through a hope or hit another with a bat or just throw it. My god that CEO takes on a hell of alot more then some jock that only works 6 to 9 months out of the year.

[JohnnyIrishXM]

It's not a matter of importance. It's market economics. I agree, there are plenty of professions which are underpaid. In capitalistic society, the market dictates, in general, who is paid what. Gov't has changed that in many cases, and unions in other cases. Certainly, in my view, police officers, nurses, teachers, firefighters, in many areas are underpaid. And, certainly, most of these fat cat CEOs are overpaid. But, unless we go to a pure socialist model (yuch!), there will always be disparity in pay. I think unions serve a good purpose in some places, but are a problem in others. Where a union exists and the company can't compete due to high labor cost, there's no doubt that's a problem. Generally, the more unique a skill, the fewer people there are with that skill, the more money they are paid: supply and demand. There are exceptions of course, but the market forces usually prevail. Unions tend to disrupt that force by leveraging companies for labor peace. It is a form of legalized extortion. Don't get me wrong...there are certain industries where management should have been jailed and unions did a good thing by leveraging them to capitulate and improve pay and conditions. Complex issue.

Agree with you on those points,what i was trying to say..when foreign cars came to the US they were more expensive than american made cars,but had a higher resale price and better built with better options..Then american auto co's got better and realized thruogh the leasing concept that they could charge more and still get the middle class buyer in a car for same monthly payment( this is my no'1 reason for GM BK) so they got greedy and gave away the store to the unions to keep making a fortune on SUV's and TRUCKs.
CaN't blame the union totally,they will take what is given them for their clients,the workers,it was a greed grab by all..

[lloyd Handwerker]

Hi Airman!

I agree with you wholeheartedly. I used to enjoy posting on this board because it was made up (for the most part) of people who respected each other's opinions. This was true even if someone's opinion seemed way off base. Now there seems to be great anger on this board.

Just yesterday, I read the first six pages of what was supposed to be a SIRI intraday board. Then I commented that six pages of comments had gone by with comments solely about the GM bankruptcy and its reason for going bankrupt. I commented that six pages had gone by without any reference to what meaning that had to SIRI as a company and its stock.

In the past, if there were a lot of off-topic remarks on a board, people would suggest that the off-topic discussion be moved to another thread so we could remain on topic.

Yesterday, instead of that happening, one person answered my comment with the remark something to the effect of "hybrid cars with inpact Sirius XM in the future; now are you happy?. I did not deserve to be given such a snotty remark. Then, another person quoted me and said something to the effect taht they were "sick of this person" and they asked how they could put them on ignore. Then, the next comment was from another person who instructed them how they could put me on ignore.

So, the anger and egocentrism on this board has really gotten out of hand. It is no longer a forum for learning, teaching and sharing of ideas as it once was. For whatever reason, it has turned into the private club of a few people who post the same stuff ad nauseum for their own ego gratification.

I'm sorry if people don't like me saying this, and I hope it can go back to being a friendly, sharing board, but I wanted to add my two cents to support you and others who feel this has gotten out of hand.

I hope everyone who reads this is well.

And, as I used to say on this board, "Good luck to all of us!"

I was just being funny when i said "now are you happy?". Either there were
problems interpreting some words on the page or you are doing some serious projecting (a psychological term. look it up) and your the seriously
angry one. I thought we have been engaging in a reasonably combative argument. Of course you are right that we should probably take most of our
GM argument to another thread. Its just that it so much easier to combine
a lot of what we talk about in one thread. My bad as they say.

[underway]

Glad to hear it because you certainly seemed to be only blaming the unions.
We can stop now and agree that there were problems up and down the chain of work at the American car industry. Lets hope they can recover somewhat and help lead SiriusXM to a bright future. The end.

no...wasn't only blaming unions.
yes, indeed! SIRI onward and upward.

[relmor2003]

Your wrong Reimor just like you were about GM not going bankrupt.
Deep down you know your wrong Reimor. LOL.
As a business owner you never made a mistake. Ah the fantasies of a blind
man. i just wanted to add one to your list of difficulties in business. That would be bad business decisions by management. My Grandfather taught me
that workers and customers are always right. An exaggerated idea but one i
have always tried to live by. it leaves me much more peaceful and less angry about taxes and things like that. Got to just work that much harder.

Nice. Had to bring up the GM bk didnt you...
Sucker punch....
Im not always right. Im human. I know i know...

Sure, bad busniess decisions can kill you. of course. Im not saying dont blame managment at all, im just saying, these issues with GM were decades in the making. Kind of like social secruity. Seems LIKE a good idea, at the time. Then before you realize it isnt , its too late. Before you know it, the Union is running the company.
So you think SELECTION and management fat were their downfall. Ok....
Then why did their current selection, number 1 in the world, not make money? You defeated your own arguement.
Being number 1 in your industry does not guarantee profits. Look at SiriusXM. Largest radio company in the world. Just break even about from that. Clear Channel. 600 million gross revenue, they lost money. #1 in terrestrial radio market.
etc...
Sometimes your industry is the problem. The domestic car INDUSTRY was in trouble, not just GM. They were the biggest, the biggest leveraged company, so they took it the worst. Like I said, decades in the making. Number one cost for most business's is labor. Labor labor labor. And costs associated with labor. Im sure you know that employers have to match federal taxes? Im sure you did...
Do you think Japan makes their companies match their taxes? Of course not...