Siri Stock Thread March 2011

btw, none of us know what the employment agreement actually says and we probably never will.

Whether or not the language in the employment agreement is ambiguous remains to be seen.

But in a discussion with julietoo earlier this week, she raised an interesting point I had not thought about . . . which is, if there is in fact ambiguity in the language of the employment agreement, a settlement is the most probable outcome . . . and of course the judge then helps the parties cut the baby in half before it ever gets to trial . . . but, more importantly, as julie pointed out . . . any settlement is likely to be structured anyway . . . so take the numbers you are hearing, cut them in half and divide by 5 years remaining on Stern's current contract and what you have is a pimple on the ass of an elephant.

also, the notion that Stern has no claim because the merger wasn't formalized until 2011 ain't gonna fly . . . form over substance . . . it was a de facto merged entity in all outward appearances no matter how the bookkeeping was segregated and performed

and the legitimacy of a class action by shareholders is dubious at best . . . but lawyers file lawsuits . . . that is what they do; the absence of a legitimate basis rarely seems to be an impediment to collecting due diligence fees and filing a frivolous claim (read Blessing)

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Originally Posted by Sirius Roadkill

http://www.youtube.com/watch?v=Gyu82...eature=related

TELL ME THE EBITDA MARGIN

Good thing you nailed it muscle . . . I was starting to run low on Vanna White pics!

This last pic is for you muscle! Congrats!

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Well done SRK. Tons of entertainment.
Well done Muscle as well.

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Originally Posted by julietoo

You already are famous Muscles. :cool: We need to get T shirts printed! :)

Julie

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No, but it is pretty cool to see my message got through to some folks. The internet radio model is an extremely questionable business model and will continue to be as it has for 17 years. Pandora was first mover on smartphones and the avalanche of competition is coming. No barrier to entry.

Not even addressing the variable costs of internet radio streaming compared to the fixed costs of sat radio, just picture this-

Sat radio couldn't figure out how to make money with only 2 companies for years. How in the world will internet radio make money when 1 million are about to enter the smartphone market?

Quite honestly there is a real question whether internet radio is a business or not. Ya gotta be forward thinking when you follow media. You can't just live in today. You gotta look at least 5 years out. Thats why I started investing in Mel and Howard in 1992. And looking 5 years out my opinion is the smartphone world will be flooded with internet radio. Absolutely flooded. Maybe 2 years out. Just my opinion.

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Originally Posted by MUSCLE13

a gotta be forward thinking when you follow media. You can't just live in today. You gotta look at least 5 years out.

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Take some of your own advice. You have no idea what the future holds as far as trends and technology goes. Man's assumptions have been proven wrong every step along the way in our short time on this planet. Yet you speak like you know the future.

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Originally Posted by MUSCLE13

Just my opinion.

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Exactly.

Oh boy, the alternate screen name is back. As an investor it is pretty easy to learn the future of an industry if you are able plow through the garbage on the blogs and listen to the people who know the industry inside and out speak, because they have mastered the industry over their lifetimes. These are not bloggers and are not bullshit artist CEOs. They are the industry's veteran leaders that have succeeded for decades and are the most respected in the industry. When Karmazin, Pittman, and Smulyan speak it is worthwhile to take note.

Who here founded MTV, arguably the most successful media company ever? Pittman did. Who here turned a 3 radio station company with no cash flow into a billion dollar EBITDA and a 20 billion dollar market cap in Infinity Broadcasting's sale to Viacom? Karmazin did.

I have said this before. I invested in Karmazin's companies 20 years before any of you johnny come lately's even knew his name. I have no foresight? Sure.........

Take care dudes.

This is my only screen-name. Why would I use a different screen-name to argue with you when I could just use this one?

Listening to CEO's for knowledge about their industry is completely flawed logic. What CEO is going to paint his/her industry or company in a bad light? You think internet radio is bad business, fine, have that opinion but, don't go around spracking off on every single website, blog, and message board across the entire net (you have a lot of free time) preaching like you know the future and misleading people with your OPINION.

I am invested in SIRI and made quite a bit of money doing so but, that doesn't mean I am going to ignore technology and what that means for these industries.

5 years ago they said selling drugstore type items online was an impossible losing battle. The costs were too high and the margins were already too thin. Along comes soap.com, they create software which optimizes packing, stock 30+ box sizes, digitize their warehouse, and employ robots to seek out all the products and fill orders. Its been over a year since I have gone to Walmart or CVS and they said it couldnt be done. They said turning a profit was IMPOSSIBLE. Good thing the guys at soap didn't listen.

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Originally Posted by SiriusBuzz

This is my only screen-name. Why would I use a different screen-name to argue with you when I could just use this one?

Listening to CEO's for knowledge about their industry is completely flawed logic. What CEO is going to paint his/her industry or company in a bad light? You think internet radio is bad business, fine, have that opinion but, don't go around spracking off on every single website, blog, and message board across the entire net (you have a lot of free time) preaching like you know the future and misleading people with your OPINION.

I am invested in SIRI and made quite a bit of money doing so but, that doesn't mean I am going to ignore technology and what that means for these industries.

5 years ago they said selling drugstore type items online was an impossible losing battle. The costs were too high and the margins were already too thin. Along comes soap.com, they create software which optimizes packing, stock 30+ box sizes, digitize their warehouse, and employ robots to seek out all the products and fill orders. Its been over a year since I have gone to Walmart or CVS and they said it couldnt be done. They said turning a profit was IMPOSSIBLE. Good thing the guys at soap didn't listen.

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Who is "they", exactly where did I say it was "your" alternate screen name, and I have seen the light and decided to listen to Newman's thoughts on the future of the industry instead of Mel's.

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Originally Posted by MUSCLE13

I have said this before. I invested in Karmazin's companies 20 years before any of you johnny come lately's even knew his name. I have no foresight? Sure.........

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You're a jerkoff, you know that right?

Quite honestly Charles, I choose NOT to listen to anybody outside the radio industry when I invest in radio. That includes myself. I am no expert in radio or media. It is not an industry I have ever worked in.

Basically the only time I listen to my own thoughts about a subject is when I train in the gym. That's what I know. I rely on other peoples thoughts for investing purposes. People who have proven themselves in their chosen industries.

There is also only one analyst that I have ever paid attention to and thats a pesron who unfortunately doesn't cover Sirius at the moment - Jessica Reif Cohen. Some are good some are bad - Jessica's work is something else entirely. I have no idea why she doesn't cover Sirius now.

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Originally Posted by clueless

You're a jerkoff, you know that right?

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Yes I know that. Thanks dude

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Originally Posted by MUSCLE13

Who is "they"

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Are you referring to "5 years ago they said selling drugstore type items online was an impossible losing battle?" They were industry leaders and CEO's of companies.

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Originally Posted by MUSCLE13

exactly where did I say it was "your" alternate screen name

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It has been insinuated on multiple occasions that we are the same person. Which is crazy because I have no problem speaking my mind as one of the owners of this website.

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Originally Posted by MUSCLE13

and I have seen the light and decided to listen to Newman's thoughts on the future of the industry instead of Mel's.

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Deflect.

I acknowledge that the internet radio model is crappy right now, what is scary is that you refuse to admit there is a possibility that could change. That is insane. The truth is typically somewhere in the middle but you have taken such a hard fast stance that you have killed your credibility as far as I am concerned... well that, accompanied by the fact that you lost your mind on a blogtalkradio show and you post on every single article and board about SIRI that I have ever read.

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Originally Posted by MUSCLE13

Quite honestly Charles, I choose NOT to listen to anybody outside the radio industry when I invest in radio. That includes myself. I am no expert in radio or media. It is not an industry I have ever worked in.

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That is the funniest thing you have ever said.

If that were true, why are you here? Why are you on the radio show? Why do you comment on every blog post? You listen, you can't stop listening and I want to know why. How heavily invested are you? Who are you working for? Why would any typical investor in their right mind go to the lengths you have?

Come on man, just stop.

I still have no idea who "they" are. Industry leaders in the drug industry are nothing I know about.

Yes I love to read info on radio. I am certainly no expert on radio or media at all. Some internet posters make me look like one, but it simply is not true.

The reason I love this so much is because basically Howard and Mel's companies changed my life. I have been a media investor going back to the 1980s. A lot of different ones. And my best investments thus far are Sirius and Infinity.

It is tough to read and listen to some of the prognostications from the net. The radio show was fun. I don't hate Spencer. In fact I think he is pretty smart. I disagree with him A LOT. If you thought I was nuts on the show (that was calm for me) you should see me in the gym. I scared the living hell out of my wife there when she saw me first. Then she married me LOL

Oh and I will tell you guys the biggest trick I know to get the hottest chick you want. I definitely know about this. Put 900 lbs of steel plates on the leg press, put the girl on top of the machine to make it an even 1000, and scream your lungs out while you get 10 reps out. Thats how I got my wife!

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Originally Posted by MUSCLE13

I still have no idea who "they" are. Industry leaders in the drug industry are nothing I know about.

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So? That means it didnt happen? Bezos said it too. When Amazon started to sell everything, he wanted to stay away from toiletries and such. Ironic... after soap (diapers.com) solved the problem, Amazon purchased them.

The point is, the game changed. It always changes. It has before and it will again.

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Originally Posted by MUSCLE13

Yes I love to read info on radio.

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You love to read it but, you disagree with it and think the authors are morons. That makes no sense. Who reads what they consider rubbish on a daily basis?

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Originally Posted by MUSCLE13

I am certainly no expert on radio or media at all. Some internet posters make me look like one, but it simply is not true.

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Yet, you just said this a couple of minutes ago.

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I invested in Karmazin's companies 20 years before any of you johnny come lately's even knew his name. I have no foresight?

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Which is it? Are you no expert or have you been doing this for 20 years? Maybe you are saying that you know nothing and the rest of us johnny come lately's know even less? What does that say about you for following people who know less than nothing?

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Originally Posted by MUSCLE13

I don't hate Spencer. In fact I think he is pretty smart. I disagree with him A LOT. If you thought I was nuts on the show (that was calm for me) you should see me in the gym.

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I am 100% convinced that you are mentally unstable. No more jokes, no more bullshit, you should get some help. Maybe you use roids and they are getting to you?

I don't want this to sound like a joke because I dont think its funny at all. When I heard you on that show, I was concerned for your well being. The world is a beautiful place and life is short, enjoy it. That kind of stress will do nothing but cut your time short.

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Originally Posted by MUSCLE13

Oh and I will tell you guys the biggest trick I know to get the hottest chick you want. I definitely know about this. Put 900 lbs of steel plates on the leg press, put the girl on top of the machine to make it an even 1000, and scream your lungs out while you get 10 reps out. Thats how I got my wife!

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It really is fullproof. It has been used for generations in the gym. Here is a demonstration of the technique I found on the net

http://www.youtube.com/watch?v=FO9XHofQv4I

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Originally Posted by SiriusBuzz

I am 100% convinced that you are mentally unstable. No more jokes, no more bullshit, you should get some help. Maybe you use roids and they are getting to you?

I don't want this to sound like a joke because I dont think its funny at all. When I heard you on that show, I was concerned for your well being. The world is a beautiful place and life is short, enjoy it. That kind of stress will do nothing but cut your time short.

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Now that is cool! Stress is what drives people to greatness. You show me a guy with no emotion in the gym I see a guy who will never get anywhere at all.

Yes I know very little about media. Almost nothing. The internet posters make me look like a genius. I am pretty good at picking out people who know what they are doing in an industry. I learned this when I was about 5 from my father. It works. I saw something great in Howard and Mel a couple of decades ago and put my money where my mouth is. I am good at EBITDA and that helps a ton but I know very little about radio or media.

It is a very interesting concept you raised Charles. Emotions are rarely used as an advantage by many people. They are concerned with showing too much. Maybe they are afraid of them. I don't know. I have always been very comfortable with them in the gym environment. My personal opinion is the reason Howard seems so messed up in his personal life ( he goes to a therapist like 3 times a week I hear) and so great in his professional life, is simply because he is honest and out there with his emotions on the air but an introvert off the air. You really don't see that introvert attitude a lot with Brooklyn people, thank goodness.

There is a huge difference between being passionate/driven (good emotions) and having your voice brought to a quiver by a blogtalk radio show (bad emotions). That is the kind of stress that kills but, it sounds like you have it all figured out and have the answer to everything. Good luck.

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Originally Posted by SiriusBuzz

There is a huge difference between being passionate/driven (good emotions) and having your voice brought to a quiver by a blogtalk radio show (bad emotions). That is the kind of stress that kills but, it sounds like you have it all figured out and have the answer to everything. Good luck.

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I didn't listen to the replay. Was my voice quivering??? Geez..... that is bad. Damn! Same thing happened to me in high school and college public speaking. Freakin Stage fright. Shoot! Was I clear at least? Not the raving lunatic part (which I like) but were my words clear?

As a side note there was a real good survey done that said the biggest fear of people is #2 Death

Guess what #1 is -

Public Speaking. LOL I guess if you do it a ton you get used to it.........I gotta a B in college in that class. At least my wife liked my speeches......