Prob gonna get a siri buying opp when apple announces their new streaming subscription service in a few days/weeks. Just like the lawsuit news i would expect it to only be a one day deal.
Subscription price increase June 30. 1 dollar per month. From comments on Captain Crunch article at SA
http://www.siriusxm.com/2015rates/pricing
Good news is one of these years jessica cohens $5 price target will hit. Bad news is she has had that $5 pt for two years now.
And when your talking to her could you please ask her if it will be another 2 years before her siri $5 pt finally hits? thanks
I use EV/EBITDA for cable. I heard Malone call himself once a Discounted cash flow guy. EPS is back in style for content because of buybacks. I prefer FCF per share for Sirius because such a large majority of EBITDA is converted into Free Cash Flow. And 10% of the shares are taken off the table each year with buybacks.
John Malone spoke today. You can listen to the entire stockholder meeting here. Q&A starts at 44 minute mark
http://ir.libertymedia.com/events.cfm
May SAAR came in at 17.78 million
http://www.autonews.com/
From Malone's comments, 2 things are obvious to me-
Cable will compete aggressively with Netflix with Video On Demand/TV Everywhere. Cable will compete aggressively with mobile wireless with Wi-Fi and MVNO's.
He also called Altice's CEO Drahi a genius. I'm just happy Altice's entry drove the Charter bid for TWC straight up to 9 times EBITDA! Let me invest more in Sirius..........
Last edited by MUSCLE13; 06-02-2015 at 04:35 PM.