Ok this is suppose to be the week for the expected release of the I-Phone APP,but with the trading action last week i don't think we are going to see it any time soon,but you never know..
The company IMHO is doing a great job announcing and implementing new Revenue streams other than OEM installs and showing analysts the future way to profitable times.On-Line fee $2.99,Supposed royalty pass through $2.00,Best of 700k adds so far at $4.00,I-Phone app,20 exclusive new channels on internet feed,Used car agreements,second sub price hike $2.00..
This will greatly add to the the already even profit line of 1Q cc...If anyone remembers 3Q cc last december the company gave guidance of 300mil EBITDA for 09,700 mil EBITDA for 2010 and 1.2 billion EBITDA for 2011..
Of course Subs were estimated alot higher also,then they dropped all guidance because of economy and auto downturn in annual CC in March.
This IMHO has kept the SP down at this level,with some manipulation pops,because analysts covering the company can't write opinions with no company guidance..so now they are showing how SXM is becoming a FCF growth story and it should get better for analysts after 2Q cc guidance and real growth numbers..JMHO based on FACT's laid out..
So good Morning and hope this is the week we start to get it right..