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Thread: SIRI Weekly Thread 8-10-09

  1. #1
    jonpluc@aol.com is offline
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    SIRI Weekly Thread 8-10-09

    Insert witty comment here.

  2. #2
    candleman is offline
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    Joined: Jul 2009 Location: Outer Banks of North Carolina Posts: 1,511
    Good morning everyone.

    Let's hope for another profitable week and a stabalized or rising share price.

    Cheers!

  3. #3
    mypearl is offline
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    Steady climb to .6 this week! Have to be positive.

  4. #4
    imromo24 is offline
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    Quote Originally Posted by jonpluc@aol.com View Post
    Insert witty comment here.


    Hell hath no fury like Mel Karmazin scorned.
    pre market high .52 premarket low .48 premarket last .4848

  5. #5
    Sirius Roadkill is offline
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    morning boys & Julie . . morning pluc . .

  6. #6
    JohnnyIrishXM is offline
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    Well Good Morning everyone,looks like i didn't really miss much i didn't already expect with CC,so lets see where this PIG is going to head now?LOL.

    This paragraph from 2Q report says it all for me,if they are FCF even they can pay for everything needed from now on...


    SIRIUS XM now expects to achieve over $400 million in 2009 adjusted income from operations. This is an increase from the company's previous guidance of over $350 million in 2009 adjusted income from operations provided on May 7, 2009.


    BALANCE SHEET IMPROVEMENTS


    During the second quarter the company made improvements to its balance sheet including refinancing some of its debt at lower rates, extending maturities, and improving amortization schedules and covenants.


    "These transactions have significantly improved the credit profile of the company, and we intend to be opportunistic in pursuing additional balance sheet improvements," said David Frear, SIRIUS XM's EVP and CFO.


    Based upon the company's current plans, it has sufficient cash, cash equivalents, available borrowings under credit facilities and marketable securities to cover the company's estimated funding needs through cash flow breakeven, the point at which revenues are sufficient to fund expected operating expenses, capital expenditures, working capital requirements, interest payments and taxes. The company's projections are based on assumptions, which it believes are reasonable but contain uncertainties.

    This paragraph tells me that GAAP losses are over going forward and GAAP PROFIT is coming..
    Last edited by JohnnyIrishXM; 08-10-2009 at 09:44 AM.

  7. #7
    Sirius Roadkill is offline
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    is "$.48" the new "$.38"

    time will tell pluc . . .

  8. #8
    candleman is offline
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    .49, up a half penny!

  9. #9
    Sirius Roadkill is offline
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    Quote Originally Posted by JohnnyIrishXM View Post
    This paragraph from 2Q report says it all for me,if they are FCF even they can pay for everything needed from now on...
    [/B].
    damn it Irish . . I was just ready to log out and get some real work done today when your post popped up . . this is exactly what I was screaming all last week while you were taking in the rays in NW

    big-bad-john is on the record that we need $475-$500 to make it happen . . looks like that could happen . . just have to watch-out for higher front-end costs on the OEM ramp-up . . could be a short term drag on EBITDA . .

    p.s. I do like Tylers take on Audiovox (see main page); anybody else thinking about it??

    would'a been nice to have jumped in on Liberty when the Investment Agreement was announced . . . ya snooze ya loose.
    Last edited by Sirius Roadkill; 08-10-2009 at 09:49 AM.

  10. #10
    SiriMonkey is offline
    Good Morning everyone,

    Hoping to buy additional shares from my small (very small)
    sell last week. Put in a buy at .46, a dime less than my
    sell. Someone told me a good anology about a dime, so
    I"m not going to be greedy. I'll be really happy with
    1,000 additional shares.

    Enjoy this beautiful day,

    Julie

    Welcome back Johnny.
    Last edited by SiriMonkey; 08-10-2009 at 09:49 AM.

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