This guy should just punch-out early, go home, get a good night's sleep . . . and hope that today was just a bad dream at Miller Tabak
Hard to explain . . . maybe he's got a "bad cell" in his DCF model . .
I see Tyler has some news on the OEM front and it looks to be good for the subcriber count front. If they get anywhere near that 1 million (say 990,000) then we will see another aprox. 110,000 subs added to the (at least) 140,000 they got last month. adding those together will get 250,000 subs with a month to go. If Tyler is correct then I feel safe in saying that they will get (at least) 300,000 subs for the quarter (based on 900,000 OEM sales in the month of Sep.). Now because of churn that will be higher then what we have seen so far, I dont expect the final subscriber number will be as huge as it was last quarter, even if they get about the same OEM numbers as they did last quarter. That does not mean they will not be AT LEAST as much as I am saying they will be though. Always remember I am giving you a base line number and while there are subtractions that will have to be added in, the additions that I dont account for will almost always more then make up for any of those subtrations in subs such as a, higher churn will be cancelled out by retail and in the coming 4th quarter a lower OEM sales number will be somewhat cancelled out by a slightly higher penitration number (the new models come into play in the 4th quarter and so that means so do any new penitration levels on those new models).
I'll be damned...I think I just saw a bunch of 888's...ho...what the hell just happened!
David Joyce is an idiot!