SIRI monthly tread June 2015

[MUSCLE13]

So its compelling enough to reduce churn but not compelling enough add a subscriber? That seems like one hell of a sweet spot.

I think that is already proven since the overwhelming majority of Sirius internet subs are already Sirius sat subs and choose the internet add-on.

[MUSCLE13]

I think your view that SiriusXM does not compete with other streaming service is in the minority. I only base that on the feedback I receive from other investors here. Maybe that sentiment has since changed or maybe the people on this website don't represent typical individual investors.

I agree that people on the site do not represent typical investors. It represents penny stock investors. A large portion of Sirius is now institutionally owned and the penny stock investors have largely left the stock.

Most every media investor believes that streaming music has taken a chunk out of the declining iTunes download business.

What did I make up?

Siriusbuzz-
Does Comcast's declining subscriber base concern you?

I ask because I sold all of mine after they started reporting subscriber loses quarter after quarter.



Muscle-
Comcast sub numbers keep increasing quarter after quarter. What you are talking about is the lower margin video business which has had some minor declines and minor increases as well in the last several quarters.

Siriusbuzz-

I am talking about their cable TV subscribers. Its not that the declines weren't minor, its the fact that in their history they had NEVER declined, and then after they declined for 5 straight quarters, I sold all of my shares. When your company posts nothing but gains year after year after year and then all of sudden they post subscriber loss quarter after quarter, I find that concerning.

Muscle- That must have been 7 years ago when Comcast started losing video subs and their stock price has more than tripled since.

Comcast lost 81,000 video customers in Q3, “the best result in 7 years”

http://arstechnica.com/business/2014...lt-in-7-years/

So did you sell in 2007 or are you just making up the NEVER DECLINED BEFORE?

[MUSCLE13]

What did I make up?

Tell me about the Verizon build out again???

If I were invested in Comcast I would closely keep on eye on Verizon's new pipe infrastructure build out.

Maybe you should

Verizon nears “the end” of FiOS builds.

It's been nearly five years since Verizon decided to stop expanding its FiOS fiber network into new cities and towns, so this week's news won't come as a huge surprise: Verizon is nearing "the end" of its fiber construction and is reducing wireline capital expenditures while spending more on wireless.

"I have been pretty consistent with this in the fact that we will spend more CapEx in the Wireless side and we will continue to curtail CapEx on the Wireline side. Some of that is because we are getting to the end of our committed build around FiOS, penetration is getting higher," Verizon CFO Fran Shammo said yesterday in the Q4 2014 call with investors.

Wireline capital spending totaled $1.6 billion in the most recent quarter and $5.8 billion for 2014, down 7.7 percent from 2013, Verizon said.

Although FiOS competes strongly against cable companies like Comcast, the expense of replacing old copper lines with fiber led Verizon to stop building in new regions and to complete wiring up the areas where it had already begun. Verizon even partnered with cable companies in 2012 to resell cable service in bundles with Verizon Wireless in areas where FiOS was never built.

http://arstechnica.com/business/2015...f-fios-builds/

[MUSCLE13]

Man Disney is getting close to 14 times EV/EBITDA. I hope it can break it

Enterprise Value/EBITDA 13.92

http://finance.yahoo.com/q/ks?s=DIS+Key+Statistics

The higher Disney and Charter (I own both) multiples both go the cheaper Comcast looks in comparison at 8 times. Jurassic World goes over $1 billion today. Fastest ever

http://finance.yahoo.com/news/jurass...204928711.html

[MUSCLE13]

Personally I absolutely love that Sirius is broadcasting all the summer music festivals. Live concerts is where I always thought Sirius should distinguish itself in music over terrestrial radio. I listened to the FireFly festival with my wife on the beach this past weekend. It was awesome

http://finance.yahoo.com/news/sirius...163700363.html

http://finance.yahoo.com/news/sirius...224000645.html

[hedymoney]

Live concerts is where I always thought Sirius should distinguish itself in music over terrestrial radio.

http://finance.yahoo.com/news/sirius...163700363.html

http://finance.yahoo.com/news/sirius...224000645.html

Muscle:
I agree and have always wondered why they have not done more of this. I read both PR's but didn't see any mention of Live Nation. I always thought this was a perfect match for them. Do you know if there's any connection on either of these?

BTW. I agree that Sirius is definitely a different animal than streaming. As you've said and I agree Sirius is a content provider. EXCLUSIVE CONTENT. A radio plus. Last time I checked you couldn't get FOX, CNBC, Etc. on any streaming music player.

I'm also a Disney holder and this is looking to be a major year for the studio.

Take care. Hedy.

[dm_4]

hedy good to see you back man....where you been?

[MUSCLE13]

Muscle:
I agree and have always wondered why they have not done more of this. I read both PR's but didn't see any mention of Live Nation. I always thought this was a perfect match for them. Do you know if there's any connection on either of these?

BTW. I agree that Sirius is definitely a different animal than streaming. As you've said and I agree Sirius is a content provider. EXCLUSIVE CONTENT. A radio plus. Last time I checked you couldn't get FOX, CNBC, Etc. on any streaming music player.

I'm also a Disney holder and this is looking to be a major year for the studio.

Take care. Hedy.

Hedy - I heard Live Nation controls about 5 or 6 of the top 7 live US music festivals. I don't know the details of these concert deals for Sirius. But I am of the opinion that Liberty Media has a long term plan to vertically integrate Sirius in music by pulling Live Nation and perhaps a large record label all under the Liberty Media umbrella with Sirius together. Just guessing that's the long term plan for LMCA. Strategically I think it makes sense. How it would be managed is a whole different question......But it's a way to get around the commoditization of music.

[Raptor]

I hope this is how all the states go!


http://finance.yahoo.com/news/sirius...191330650.html

[MUSCLE13]

Merrill reiterated buys on Comcast Disney and Sirius this morning. $84 target on Comcast, $130 target on Disney and $5 target on Sirius. Comcast valued on EV/EBITDA, Disney valued on EPS, Sirius valued on Discounted Cash Flow.