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Thread: Sirius september thread

  1. #171
    just sirius is offline
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    Don't worry guys...Julie is in great hands...Walker Texas Ranger has her back!

    JS
    PURCHASED THE CABIN IN THE WOODS...THANKS MEL, MALONE, AND THE BLUE DOG

  2. #172
    Sirius Roadkill is offline
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    Research Update: Sirius XM 'B' Rating Placed On CreditWatch Positive Due To Improved EBITDA Generation And Reduced Debt Leverage
    from S&P Credit Research
    Sep 30, 2010

    U.S. satellite radio company Sirius XM's EBITDA generation and debt leverage have improved, largely as a result of the resumption of subscriber growth and selective price increases. We are placing our 'B' corporate credit rating for the company on CreditWatch with positive implications. The positive CreditWatch listing reflects the company's prospects for continued improvement in operating performance and declining debt leverage for the remainder of 2010, which could lead to a rating upgrade. On Sept. 30, 2010, Standard&Poor's Ratings Services placed its 'B' corporate credit rating for Sirius XM Radio Inc. and XM Satellite Radio Holdings Inc. (which we analyze on a consolidated basis), as well as all related issue-level ratings for the company, on CreditWatch with positive

  3. #173
    Hopeful is offline
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    Quote Originally Posted by Sirius Roadkill View Post
    Hey Hope . . haven't forgotten . . still piecing it together. Will probably PM you something next week when Julie returns from the Alamo!

    Thanks SRK, looking forward to it !!!

  4. #174
    Sirius Roadkill is offline
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    Mel at Liberty Media Conference

    Quoting Mel:

    "Arts and crafts matter, but commerce matters."

    I think that was a shot at Tyler Savery and his Pandora-pumping brethren.

  5. #175
    Sirius Roadkill is offline
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    SIRIUS XM Keeps Raising Targets (SIRI)
    Posted: October 1, 2010 at 10:26 am

    SIRIUS XM Radio Inc. (NASDAQ: SIRI) is at it again on the raised guidance front for subscribers. CEO Mel Karmazin has now announced that SIRIUS is expected to end 2010 with approximately 20.1 million subscribers.

    This would represent an all-time high in subscribers as the company now expects net subscriber additions of approximately 1.3 million in 2010.

    As far as how this compares to prior guidance, we noted in early August, “Mel Karmazin is again raising guidance for 2010. He expects SIRIUS to generate nearly $2.8 billion in revenue, approximately $575 million in adjusted EBITDA and expects free cash flow of nearly $150 million. SIRIUS XM had already increased its guidance for net subscriber adds to right at 1.1 million for 2010.”

    SIRIUS XM will release its financial results and updated subscriber targets for Q3-2010 by early November.

    This week we saw that S&P put SIRIUS on positive credit watch, while Miller Tabak cut the rating to Neutral from Buy.

    Shares are up 1.67% at $1.22 on 25 million shares in less than an hour of trading this Friday.

    JON C. OGG


    Read more: SIRIUS XM Keeps Raising Targets (SIRI) - 24/7 Wall St. http://247wallst.com/2010/10/01/siri...#ixzz117O7bX3a

  6. #176
    Sirius Roadkill is offline
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    Sirius Subscribers to Hit All-Time High
    By Theresa McCabe 10/01/10 - 10:32 AM EDT

    NEW YORK (TheStreet) -- Sirius XM Radio(SIRI_) expects to end the year with the highest number of net subscriber in its history.

    Chief executive officer Mel Karmazin announced that management expects approximately 20.1 million subscribers, by the end of 2010.

    This projection implies the company expects to add about 1.3 million subscribers in 2010.

    The satellite radio company plans to release its full subscriber count and financial results for the third quarter by early November 2010.

    -- Written by Theresa McCabe in Boston.

  7. #177
    Sirius Roadkill is offline
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    SIRIUS XM Expects To End FY10 With About 20.1 Mln Subscribers -Quick Facts

    (RTTNews) - SIRIUS XM Radio Inc.(SIRI) Friday said that it expects to end fiscal year 2010 with nearly 20.1 million subscribers.

    The company's projection implies that SIRIUS currently expects net subscriber additions of about 1.3 million in 2010.



    Read more: http://www.nasdaq.com/aspx/company-n...#ixzz117Q7BpWw

  8. #178
    SiriuslyLong is offline
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    Quote Originally Posted by Sirius Roadkill View Post
    SIRIUS XM Expects To End FY10 With About 20.1 Mln Subscribers -Quick Facts

    (RTTNews) - SIRIUS XM Radio Inc.(SIRI) Friday said that it expects to end fiscal year 2010 with nearly 20.1 million subscribers.

    The company's projection implies that SIRIUS currently expects net subscriber additions of about 1.3 million in 2010.



    Read more: http://www.nasdaq.com/aspx/company-n...#ixzz117Q7BpWw
    Yessiree, more good news. Now for the number of shares outstanding........................

    http://online.wsj.com/article/BT-CO-...01-707661.html

  9. #179
    Sirius Roadkill is offline
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    ok, time for some math . . btw, you don't have to take notes; this is really intended for the benefit of David Joyce of Miller Tabak. The rest of you can just put your feet up . . you already had this.

    Here we go:

    1,300,000 - 171,000 - 583,000 - 99,000 = 447,000

    So: David Joyce is calling for 99,000 net-additions for Q3-10 because it is in line with the 102,000 net-adds in Q3-09; ok, applying David Joyce's same logic going forward . . Q4-09 net-adds were 257,028 so his Q4-10 estimate would have to be somewhere around 250,000.

    Here's how I get there: 99,000 Q310 - 102,000 Q309/102,000 = -2.94%; 257,028 Q409 X (1-.0294) = 249,471, say 250,000 (R)

    So in a nutshell, David Joyce is expecting full-year-2010 net-adds of:

    171,000 + 583,000 + 99,000 + 250,000 = 1,103,000 versus company guidance (which they have lifted twice already) of 1,300,000

    and that is what you call backing-in to a downgrade
    Last edited by Sirius Roadkill; 10-01-2010 at 11:31 AM.

  10. #180
    sxminvestor is offline
    Quote Originally Posted by Sirius Roadkill View Post
    It looks like David Bank's big SAC is starting to effect his work . . .

    His $1.00 price target has already cost RBC clients an 11% return in a market where finding yield is challenging.
    Roadkill - lol

    I think now his big SAC is tea-bagging David Joyce and blocking his vision

  11. Ad Fairy Senior Member
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