Wondeful to see added subs and revenue growth. Might have to wiat for q3 for both of those, but theres still an outside shot at Q2 for positive subs, but I think they will lose under 120k. To max gain for 20k or so. Depends on churn of course. Revenue will enjoy another quarter of LOW payments to car companies at least for Q2. Maybe they can show enough improvements on the bottom line in Q2, to offset negative subs this time, and they can hold gains.
estimated SIRI gaap loss for q2 09 sits at one penny per share.
(1) falloff in subs does not hurt the bottom line, and it may help in the short run by limiting acquisition subsidies.
(2) the $180,000,000 charge which dinged us q1 09 will not recur.
(3) this means that mel has to find an extra two pennies per share to cut. this may turn out to be easy. if mel finds two pennies to cut, and if there are no more bad surprises, then, maybe,
SIRI WILL POST GAAP PROFIT NEXT MONTH ON THE Q2 09 reports.
this will not be a garbage metric, either.
this will not be cash flow, or free cash flow, or ebidta, or any other garbage metric liars' refuge.
LET YOUR IMAGINATION RUN WILD. SIRI WILL SHOW A PROFIT, AN ACTUAL GAAP PROFIT, TO THE ENTIRE WORLD.
what will the newbies, intelligent enough but only dimly aware of the siri situation, and still thinking about the near-bancruptcy, do with this information? they will BUY SIRI like fiends possessed.
BUY BUY BUY BEFORE AUGUST RELEASE OF Q2 REPORTS.
doctorex has spoken.
i like when doctorex speaks
im pretty sure since he speaks in 3rd person he is actually posting for someone else, I suspect its someone on the inside of siri that is heading warning...probably mel himself to be honest...ok, jk but I do like doctorex's style
did somebody have some stops set up at .45 or something?
Wow! Almost still up one half of one percent at 9:30am!
Last edited by mrmertz; 07-06-2009 at 01:58 PM. Reason: added info
I'm not ready to sell it off but I am a bit disappointed. In the last 3 weeks we've had plenty of great news and only a .10 to .14 bounce. I don't think we even popped into the .50 range. I know the argument and I am long on this so it shouldn't matter to me but I'd feel better if our basement was in the .50 to .65 range off all the solid news recently.
Selling? Youve been offered them prices for days. Why take them now? You dont see the new base forming? I do. Look at the one month. THen pull up a 3 month.