SIRI INTRA DAY thread THUR MAY 7th 2009

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Originally Posted by john

This was due to the liberty deal it includes the preferred shares that Liberty got. So while it is a cost it is A.)a one time cost, and B.) not a real cost to the busness portion of the company. The real cost was 50.4 million, I dont think analyst included the liberty deal in there lost so really SIRIXM beat by a penny. This is why you get such swings in the PPS, articles come out with head lines that say SIRIXM loss widens to .07 cents analyst were expecting .02 cents. It was the same when they took the right down because of the PPS of XMSR when they bought it and what the PPS was valued at in the quarter when they reported. The fact is SIRIXM did not really lose 4 billion in expenses it was really a red hairring

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underway I wrote this a while back.

Then the headline should read, "SXM beats earnings estimate by .01, excluding one time financing cost!"

Where can someone post this positive message?

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Originally Posted by john

This was due to the liberty deal it includes the preferred shares that Liberty got. So while it is a cost it is A.)a one time cost, and B.) not a real cost to the busness portion of the company. The real cost was 50.4 million, I dont think analyst included the liberty deal in there lost so really SIRIXM beat by a penny. This is why you get such swings in the PPS, articles come out with head lines that say SIRIXM loss widens to .07 cents analyst were expecting .02 cents. It was the same when they took the right down because of the PPS of XMSR when they bought it and what the PPS was valued at in the quarter when they reported. The fact is SIRIXM did not really lose 4 billion in expenses it was really a red hairring

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I am definitely CONFUSED over SIRI earnings press release. It gives GAAP number 'per share' and then another number 'per common share'. And they don't explain that. MORONS! could siri management be that stupid? I'm confused about this. Anyone understand it? Can anyone explain why SIRI mgmt didn't put explanation right up front?

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Originally Posted by underway

Johnny.....do you know what the one time cost is? I don't recall hearing it on the CC, but easily could've missed it. thanks. But, even if they did mention it on the CC, why the hell didn't they include it in the first paragraph of the press release? Seems strange to me.

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because in the grand scheme of the things, its not THAT MUCH OF A BIG DEAL. i'm sure there were much more important issues to highlight. why are you so hellbent on stressing the difference in the net loss(not trying to be mean)? smart money knows the difference , that is the only thing that is important about the disparity in those numbers. if there wasnt the 1time charge because of the liberty deal, and we have the same metrics , media would still be bashing on the sub loss....for the media to show love to sirius, we would have to shlt bricks of gold.

well i lowered my sell from .70 to .60, im only going to try and flip 10%, and dont think you had anything to do with this ben. I still have a trade trigger for the other 90 percent at a dollar. slut boy

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Originally Posted by underway

I am definitely CONFUSED over SIRI earnings press release. It gives GAAP number 'per share' and then another number 'per common share'. And they don't explain that. MORONS! could siri management be that stupid? I'm confused about this. Anyone understand it? Can anyone explain why SIRI mgmt didn't put explanation right up front?

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the simple answer is don't worry about it,it is standard report form and for analysts,not us investors to understand...the stock take down is all fake for day traders and shorts.the longs have nothing to fear,and get ready for 2Q cc
as it will be the same...with neg sub of 200k to 300k and better or same ebitda plus Iphone release,which i'm not counting to help bottom line but rather perception of company huge.

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Originally Posted by bassmaster

because in the grand scheme of the things, its not THAT MUCH OF A BIG DEAL. i'm sure there were much more important issues to highlight. why are you so hellbent on stressing the difference in the net loss(not trying to be mean)? smart money knows the difference , that is the only thing that is important about the disparity in those numbers. if there wasnt the 1time charge because of the liberty deal, and we have the same metrics , media would still be bashing on the sub loss....for the media to show love to sirius, we would have to shlt bricks of gold.

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yeah..for sure....but I'm not the only one hellbent on the net loss....every f'n headline is harping on it and the obvious sell off is related to that and other things for sure (sub loss). I guess I'm trying to understand why mgmt wouldn't have explained it properly in the PR. It seems to add confusion. If smart $ knows the difference, why the dump of shares? I just find it strange.

I dont know but I still think that only 3.6 million in FCF lost in the first quarter, is huge. You can confirm that with "homer" or "Tyler". When was the last time we ever saw them come that close to being FCF positive in the first quarter, try never. Remember the 4th quarter will have a really big FCF number. This time all the merger cost are done the only thing this time is the satellite launch (god I wish they would push that one back also). You want to see the PPS take off let them push that back.

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Originally Posted by john

I dont know but I still think that only 3.6 million in FCF lost in the first quarter, is huge. You can confirm that with "homer" or "Tyler". When was the last time we ever saw them come that close to being FCF positive in the first quarter, try never. Remember the 4th quarter will have a really big FCF number. This time all the merger cost are done the only thing this time is the satellite launch (god I wish they would push that one back also). You want to see the PPS take off let them push that back.

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John actually it was 76mil FCF if you take out the 1 time Liberty cost..
Based just von the bussiness side of operations..

Im feeling like a genius for selling at .51 yesterday. I cant tell you how much I agonized about selling because i thought stock would fly up today and i would hate myself. But i sold anyway and now im Yay! Its not often i feel smart ;)