Q3 Results For Sirius XM Radio Will Be Known Monday
While Sirius XM radio has not yet made an announcement about when they will have their Q3 2008 conference call, we can tell from SEC regulations that we will see the information by Monday, November 10, 2008. It is for this reason that I believe that we will see an 8:00 AM conference call on Monday.
The big question in everyone’s mind is what this quarter will look like. Will synergies be noticeable at this point? Will there be a lot of One Time charges? Will guidance be given?
What the street is expecting is a loss of 9 cents on revenue of $587 million.
One thing is certain. There will be a lot of information to digest. How are various metrics going to be tallied? What impact will the merger related expenses have? What types of synergies are we beginning to see.
Often when a quarterly report is issued, there is a swift reaction in the equity. This is one case where a bit of patience may be prudent. When the report is issued, investors should consider the information very carefully. They should make an effort to understand the expenses, and whether they are operational or one time events. they should look at how various metrics are counted, and get a full understanding of where the company is heading.
In my opinion, a PR about the Q3 call will be issued on 11-6 or 11-7.
Position – Long SIRI
Seems they’re waiting till the last minute to announce..probably not a great sign.
Anyway, on a side note. I’ve got a question for you, Tyler. I read through your site here daily (too much to be honest) and I’m constantly seeing posts about how the shorts/others are manipulating the share price. SiriusHope is always posting about how there are 100-share orders at the end of the day to drive the price down. And others post about how analyst manipulate with their “analysis.” And others post with even more theories related to converts, etc.
My questions are: 1. Do you think this is truly happening? 2. Is it commonplace with all stocks? 3. Is it legal?
Also, as a blogger/journalist, have you ever thought about digging into it and reporting on it? If it’s in fact true, trying to expose it for what it is?
Seems to me it would be an incredible investigative story; a story that would have sirious implications. If it indeed is happening, that is.
Any thoughts would be appreciated.
PS. Mel sure seemed to imply something was going on in his Cramer interview.
PSS. Pardon the shit-house proofreading.
Well, here is the number one topic in my opinion. Q3 results, and more importantly, a debt update.
Vaporgold, Hope and others.
I know I’m an inconsistent contributor during the week. However, I have a schedule change for the next 4 weeks, so I hope to interact with everyone on a more current schedule.
I much enjoy this group. And agree with Vapor that the id’s posting under these articles are a great group that each bring their own talent to the table.
I also think Tyler, has way stepped it up, and that is greatly appreciated.
Hey Hope you said .28, so I went in with you.
Hope you have room for another house occupant, lol. I pack light.
Friggen. You know that movie where Richard Gere goes to see his son in South America?
Well he never made it back. Make sure you make it back.
You know Friggen. I beat myself up over bad investment decisions. Then I remember the fortunate profitable ones, and how they have allowed me to care for my family.
I’m thankful for many things. There has to be a reason why I own a .26 cent stock for the first time in my life. It’ll come to me someday. It always does.
socal…just keep the faith the upside is near.
you will do fine and not need to move in..lol
john: Is this the same john from the forums? What is your problem with Tyler? If you don’t like his articles, you don’t have to come to this website…
BTW: Tyler, those SEC rules do not say if that is 40 calendar days or 40 business days. Any idea?
40 calendar days would be November 9th, which is actually a Sunday.
40 business days would be NOvember 25th, which I do not think is reasonable.
Please oh Please oh Please…………………..Start with the W’s.
——————————–
Citigroup, Goldman Said to Begin Firing Staff as Economy Slows
By Josh Fineman and Christine Harper
Nov. 6 (Bloomberg) — Citigroup Inc. and Goldman Sachs Group Inc., faced with a weakening economy and the prospect of mounting losses, began firing workers as part of the firms’ plans to cut more than 12,000 jobs, people with knowledge of the matter said.
Goldman, which converted last month from the biggest U.S. securities firm into a commercial bank, yesterday began telling about 3,200 employees, or 10 percent of its workforce, they were out of a job, according to one of the people who declined to be identified because the decisions were confidential.
Newman,
SIRI has to release its earnings report by Monday, Nov. 10 and I agree w/Tyler that the company will indeed pick the last day which is, again, this coming Monday.
I know hope is a dangerous thing when it comes to SIRI, but the stock will have a massive turn around since I believe the debts for Feb. and May are about to be out of the share price’s way for good, IMHO, of course.
Newman, it depends on the size of the company (market cap). SiriusXM is considered a Large Accelerated Filer, so they have 40 calendar days.
But really, the easy way to verify this, is to look at the calendar on the SEC website.
Sirius is a Large Accelerated Filer whose quarter ended on 9/30/08… so their filing deadline is 11/10/08.
—
http://www.secfile.net/SEC_cal.....al_Reports
>>>john Says: get ready to be wrong..yet again, you fucken asshole.
John, PR came out this morning, and Earnings will be announced November 10th.
I missed the time of the call, which will be at 4:30 PM rather than 8:00 AM
About time!
Pre-market trading today made me go search the news, and guess what?
Headline this morning: Sirius XM In Talks With Lenders to Revamp Financing (source, DOW Jones Newswire.
The company also sees the following: 19.1M subs EOY 2008, 22.1M in 2010, 24M in 2011, 26.2M in 2012, and 28.4M in 2013. Additionally, Sirius XM Radio Sees 2013 Rev $4.1B.
Ask as I post this is up >15% over previous close.
Don’t want to get too excited, but Maybe the leaking Q3 results will get bolstered by additional good news on Monday–just what we REALLY need.
Long SIRI … and holding.
On the open SIRI hit against 2-day resistance at .30 … let’s see it become support.
Newman..
If SiriusXM did get favorable financing for Feb and May it would astounding at this point in time and only dreaming.
A lot of us here are just concerned with reason regarding the Feb note.
The future on paper looks very very good for SiriusXM as far as growth is concerned.
If I was running a financial instution I would partner up with SiriusXM on all the notes simply because I could make a great deal of money from SiriusXM over the course of the next five years.
However, in light of the money lending situation currently, the above is only a dream in my opnion.
I would be very very happy if the Feb was serviced favorably. if it is, it could be possible with the synergies from the merger a re-traction from SiriusXM regarding the RS and the issue of any more shares.
Now you got me dreaming Newman
imho
vaporgold
Tyler..
You are doing a great job with all the info you provide.
Thanks
vaporgold
In reading the results on Market Watch, well down the page, there is a paragraph stating the…
…….. although we are in discussions with several financial institutions regarding a possible financing to replace its 2-1/2% Convertible Notes, as agreement for such financing may not be achieved or if achieved may not be achieved on favorable terms….
This is separated from the initial announcement, stating that they are in discussions with financial institutions regarding this debt. I think most investors want to hear exactly how this debt will be financed, not that they are still having discussions. The discussion that investors need to hear is How? and When? and at What Cost?
Aside from that, I think the third quarter numbers will be negative, which is not a surprise. We know that the 1 time merger and acquisition costs will be broken out and losses will be reported with and without these one time costs. The sub numbers are going to be the bigger problem. Nineteen Million and change is not the upside surprise we were looking for but at least it shows growth. I would not be surprised to see third quarter subs at a Net Negative which will shock investors if this happens.