Siri Monthly Tread. September

Comcast looking overseas for growth

Excerpts -

HONG KONG— Goldman Sachs Group Inc. and the other owners of Universal Studios Japan, are in talks to sell a stake in the theme park to Comcast Corp. ’s NBCUniversal, people familiar with the deal said, in a deal that could value the Japanese company at US$6 billion.

Comcast, the largest U.S. cable operator and owner of cable channels including USA, Bravo and E!, is seeking to buy a majority stake in the theme park’s holding company USJ Co., one of the people said. USJ, whose other shareholders include Asian private-equity firms MBK and PAG, had initially been looking to list on the Tokyo Stock Exchange this month but has now pushed IPO plans to next year as talks with Comcast take place, one of the people said.

Buying into the Japanese theme park will help NBCUniversal play catch up with rival media giants such as 21st Century Fox, Time Warner Inc., and Discovery Communications Inc., who have been more aggressive in international markets.

21st Century Fox and Wall Street Journal-owner News Corp were part of the same company until 2013. NBCUniversal declined to comment.

NBCUniversal has license agreements with Universal Studios Japan in Osaka and is also the owner of Universal Studios Hollywood and Universal Orlando Resort, according to its website.

Comcast has made no secret of its interest in international deals. Speaking at an investor conference last week, NBCUniversal Chief Executive Steve Burke said the company views international growth as a “huge opportunity.” He said only about 20% of NBCU’s revenue come from international businesses, which is “much lower” than that of some other big U.S. media companies.

http://www.wsj.com/articles/universa...ake-1442332978

3.86 new high of day.

This was my question back in August and that's the response I got from you but I think you are finally coming around to WTF IS GOING ON HERE?? I am the same way. I don't care how you look at it, it doesn't make sense to me either. Stock should be up.

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Originally Posted by MUSCLE13

Yep we may very well be. With all the video content companies now being valued on eps by Merrill because of the torrent of stock buybacks, can radio and cable be far behind? Who buys back more stock than Sirius? And Sirius actually has substantial growing eps to look at now as opposed to just a few years ago. FCF is obviously preferred, but eps is coming back into vogue for media on Wall Street. Stock buybacks make a difference.

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Brandon is at it again. Not only is he hitting up his "investors" for more money, he has posted a plea on his website. Please do not give this guy any money. You will not get it back. He is a grifter. I love how he makes his problems everyone's problem and if they do not come thru, they are to blame, not him. Again, please do not give him any more of your hard earned money.

"Ladies & Gentlemen
It is with extremely deep regret, that I have to make this announcement. As you may or may not know, a rather ominous obstacle has been placed in our path. The obstacle can be removed for a little more than 2000.00 At the current rate, given the availability of funds that will be available by Monday, September 21, 2015, which is our deadline, we are not going to make it. The fundraiser is now 4 days old, and we are averaging just 150.00 per day. We need to acheive our goal by Sunday at the latest. The reality is that we must reach our goal by Friday. The projected total amount that will be raised, is currently 950.00 by Friday. I am doing everything I can in cyberspace and in life. I'm hitting brick walls. If we fail to raise the necessary funds, this website will be forced to shut down. We are in desperate need of support at this time. It is an emergency situation now. You get to decide our fate. I am now begging for the chance to continue this effort."

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Originally Posted by midas360

This was my question back in August and that's the response I got from you but I think you are finally coming around to WTF IS GOING ON HERE?? I am the same way. I don't care how you look at it, it doesn't make sense to me either. Stock should be up.

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Sirius has never been valued on the street by eps. Always EV/EBITDA or FCF per share. I am saying as time goes on and the avalanche of stock buybacks from all the media companies continue EPS will eventually become a factor for Sirius along with every other media company. It only makes sense. Your eps is going to look much more favorable as share counts reduce. It has already happened for Disney, CBS, Time Warner and Fox. Four content companies I invest in and Merrill has transitioned all of them to eps valuations over the last few years. All are buying back stock like crazy.

I understand. It would be kind of fun to chat with you aside from the forum. I have some ideas on what I think is going on with Sirius XM but I'm afraid you will beat me silly for posting it because you won't agree with me. It does have to do with the "perceived" competition.

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Originally Posted by MUSCLE13

Sirius has never been valued on the street by eps. Always EV/EBITDA or FCF per share. I am saying as time goes on and the avalanche of stock buybacks from all the media companies continue EPS will eventually become a factor for Sirius along with every other media company. It only makes sense. Your eps is going to look much more favorable as share counts reduce. It has already happened for Disney, CBS, Time Warner and Fox. Four content companies I invest in and Merrill has transitioned all of them to eps valuations over the last few years. All are buying back stock like crazy.

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Hey dolphins! Join in the conversation if you want. Good to see you here!

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Originally Posted by MUSCLE13

Sirius has never been valued on the street by eps. Always EV/EBITDA or FCF per share. I am saying as time goes on and the avalanche of stock buybacks from all the media companies continue EPS will eventually become a factor for Sirius along with every other media company. It only makes sense. Your eps is going to look much more favorable as share counts reduce. It has already happened for Disney, CBS, Time Warner and Fox. Four content companies I invest in and Merrill has transitioned all of them to eps valuations over the last few years. All are buying back stock like crazy.

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Originally Posted by midas360

I understand. It would be kind of fun to chat with you aside from the forum. I have some ideas on what I think is going on with Sirius XM but I'm afraid you will beat me silly for posting it because you won't agree with me. It does have to do with the "perceived" competition.

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Originally Posted by midas360

I understand. It would be kind of fun to chat with you aside from the forum.

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Not too creepy midas :)

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Originally Posted by midas360

I understand. It would be kind of fun to chat with you aside from the forum. I have some ideas on what I think is going on with Sirius XM but I'm afraid you will beat me silly for posting it because you won't agree with me. It does have to do with the "perceived" competition.

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I absolutely agree there is a perceived competition problem and I believe it has a lot to do with Apple. After all ever since Mel left about 3 years ago I have heard nothing but internet radio in the car and Apple is going to compete with Pandora Spotify and all the others. Satellite is the "interim technology" before internet hits the car.

Well guess what, Apple music is out now and anybody with a smartphone can listen to internet streaming in their car with bluetooth tech. And this is the first quarter that Sirius will be competing with the new Apple Music. And I believe my theory will prove correct - that streaming music is nothing more than an iTunes/CD player/Tape deck replacement in the car and NOT a replacement for radio. Numbers should prove my theory.

I don't see this playing out any differently than when all the bloggers thought Pandora was a world beater until the last few years when all the bloggers found out that Pandora doesn't make money. It was basically a misperception that the street woke up to as you can see by Pandora's rise and fall in the market since their IPO.

In my opinion Sirius sub additions will accelerate not decelerate against the perceived Apple/internet competition in the car. If I am correct my $5-$6 target should be reached quite easily in 2016 -2017.

Right and I agree. I almost sense that the market looks at Sirius XM as "temporary solution" until Apple or Google figures out the next big thing. I am not disputing that Sirius XM isn't doing well because they are. They are constantly proving the naysayers wrong. I don't view Apple Car Play as a competitor. It's just another platform where companies can develop and install their apps for the consumer to use. Sirius XM kind of reminds me of cable television where you are at the mercy of the provider. They decide what channel the song or show will be played on and at what time. I don't think the younger generation likes or wants it like that. They want to be able to say "I want to watch Season X Episode Y or Band Afroman Song "Before I Got High" and it plays or streams it. No need to record or store anything because every and all content will be on demand on any device, any time. Don't get mad... just think about it with me.

I see musicians taking more and more control of their music content and distributing it themselves on however many platforms they want.

p.s. I know cable and telcos provide a "Pay-Tv" and "streaming service" for the younger generation. What I find interesting is I can pay for U-Verse and create all these sub-accounts for my daughter and whoever and allow them to stream my subscription live at no extra cost.

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Originally Posted by MUSCLE13

I absolutely agree there is a perceived competition problem and I believe it has a lot to do with Apple. After all ever since Mel left about 3 years ago I have heard nothing but internet radio in the car and Apple is going to compete with Pandora Spotify and all the others. Satellite is the "interim technology" before internet hits the car.

Well guess what, Apple music is out now and anybody with a smartphone can listen to internet streaming in their car with bluetooth tech. And this is the first quarter that Sirius will be competing with the new Apple Music. And I believe my theory will prove correct - that streaming music is nothing more than an iTunes/CD player/Tape deck replacement in the car and NOT a replacement for radio. Numbers should prove my theory.

I don't see this playing out any differently than when all the bloggers thought Pandora was a world beater until the last few years when all the bloggers found out that Pandora doesn't make money. It was basically a misperception that the street woke up to as you can see by Pandora's rise and fall in the market since their IPO.

In my opinion Sirius sub additions will accelerate not decelerate against the perceived Apple/internet competition in the car. If I am correct my $5-$6 target should be reached quite easily in 2016 -2017.

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Originally Posted by midas360

Right and I agree. I almost sense that the market looks at Sirius XM as "temporary solution" until Apple or Google figures out the next big thing. I am not disputing that Sirius XM isn't doing well because they are. They are constantly proving the naysayers wrong. I don't view Apple Car Play as a competitor. It's just another platform where companies can develop and install their apps for the consumer to use. Sirius XM kind of reminds me of cable television where you are at the mercy of the provider. They decide what channel the song or show will be played on and at what time. I don't think the younger generation likes or wants it like that. They want to be able to say "I want to watch Season X Episode Y or Band Afroman Song "Before I Got High" and it plays or streams it. No need to record or store anything because every and all content will be on demand on any device, any time. Don't get mad... just think about it with me.

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That's where SXM17 comes into play. On Demand content and Customized music in the car in addition to what is offered on Sirius now in the car. Similar to what Cable is doing with their On Demand offering. Comcast offers the top 100 rated TV shows on demand to their subscribers.

If it works the way you say it does, it's a great step in the right direction for sure. I would love to be able to just call out the artist or song On-Demand. That's the way to do it for sure. What I like is the SXM17 will need a LTE connection or phone (connected to the internet). That's where the wireless carriers come into play or MVNO baby! :)

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Originally Posted by MUSCLE13

That's where SXM17 comes into play. On Demand content and Customized music in the car in addition to what is offered on Sirius now in the car. Similar to what Cable is doing with their On Demand offering. Comcast offers the top 100 rated TV shows on demand to their subscribers.

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Originally Posted by midas360

If it works the way you say it does, it's a great step in the right direction for sure. I would love to be able to just call out the artist or song On-Demand. That's the way to do it for sure. What I like is the SXM17 will need a LTE connection or phone (connected to the internet). That's where the wireless carriers come into play or MVNO baby! :)

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On Demand content and customized music from Sirius are both already available on the net and obviously smartphones. And have been available for quite some time. What you are talking about calling out an artist or song is what Spotify or Rhapsody does. That is not radio. That is a music library that is basically a replacement for iTunes or CDs. Not radio. Totally different business with very low margins. Something I hope Sirius never gets into.

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Originally Posted by MUSCLE13

Can somebody please tell me how Netflix with an avalanche of competition is trading at 300 times 2016 eps and Sirius with practically zero competition is trading at 25 times 2016 eps??? You know what it tells me, Sirius needs an international expansion strategy in cars.

I think SXM17 may evolve one day into just that. If Sirius can get Sat and internet radio working together in cars in the US in 2017, tell me why they can't extend the internet portion in cars overseas? Tell me their superlative audio content wouldn't play well in Europe.........

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How Can NFLX be Trading at Such a Lofty Multiple?....good question, and frankly I think it's priced for perfection but then...it's been priced that way for the last 4 or so years. Here's a link that, while it may not answer the whole question, you may find interesting anyhow.
http://www.newyorker.com/magazine/20...side-the-box-2

You were the one I was talking about when I said bloggers talking about the great Pandora years ago and you have seen now how these streamers don't make money.........Did the market wake up to the non money making ways of music streamers??? Of course they did. All the while you posted something along the lines that those Seeking Alpha bloggers like Rocco Pendola or Rico Petrocelli or whatever his name is was correct. Until Pandora's stock fell flat on its face right back to IPO price because it makes no money.

Did terrestrial radio compete for music listening in the car with CD's tape decks or 8tracks??? Of course it did. Did that stop terrestrial radio from grabbing over 90% of America listening to it in cars? Of course not. It still happens. I don't care what you call it - Music streaming, iTunes, CDS or Tapes or vinyl are all complementary to radio. AND SIRIUS IS RADIO! There is a reason Sirius has higher conversion rates in connected cars than non connected cars. 2/3 of its listeners are streamers!

Again I will tell you as I told you years ago and as Mel always stated BUSINESS MODELS MATTER. Netflix stock can go to 1000 times earnings and can have 1 billion eyeballs. Stocks will eventually reflect EPS EBITDA and FCF NOT EYEBALLS. Pandora found this out. People who invested in the dot com bubble in the late 90s found thisout. Netflix will have to make money to succeed. There is a flood of competition coming to streaming video. A flood. No barrier to entry. Just like music radio Just like blogs. See ya!

Muscle...FYI midas just switched over to his user alais. You gotta wake up man.

User/midas even with all those options and distractions that you listed Sirius continues to gain traction and is closing in on 30 million subs.

Its all about ease of use and content...again, those distractions/options u mention don't compare to siri...Enuff said!

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Originally Posted by dm_4

Muscle...FYI midas just switched over to his user alais. You gotta wake up man.

User/midas even with all those options and distractions that you listed Sirius continues to gain traction and is closing in on 30 million subs.

Its all about ease of use and content...again, those distractions/options u mention don't compare to siri...Enuff said!

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User is not Midas and he is not one of your 100 aliases. He is someone I totally disagreed with forever........Take care. I have had enough......

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Originally Posted by MUSCLE13

Did terrestrial radio compete for music listening in the car with CD's tape decks or 8tracks??? Of course it did. Did that stop terrestrial radio from grabbing over 90% of America listening to it in cars? Of course not. It still happens. I don't care what you call it - Music streaming, iTunes, CDS or Tapes or vinyl are all complementary to radio. AND SIRIUS IS RADIO! There is a reason Sirius has higher conversion rates in connected cars than non connected cars. 2/3 of its listeners are streamers!

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Ummmm I not really sure where you are coming from but as far as I can tell, CD's, tape decks or 8 tracks never stopped terrestrial radio from "grabbing" over 90 percent of America listening in cars (and by the way, thanks to sat-rad and internet streaming it's now more like 80% of "listening hours" in the automobile here's the link: http://qz.com/195349/the-remarkable-...dio-in-the-us/). Rather, CD's Tape Decks, 8 tracks caused terrestrial radio to go from 100 percent of American listening audience in cars to...well...something a lot less than that. It's a nuance in perspective, I know, but an important one don'tcha think?

That's not radio but that's what the younger generation likes. That's how they use TV now, right?

They are getting into it with SM17 with OnDemand content, no?

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Originally Posted by MUSCLE13

On Demand content and customized music from Sirius are both already available on the net and obviously smartphones. And have been available for quite some time. What you are talking about calling out an artist or song is what Spotify or Rhapsody does. That is not radio. That is a music library that is basically a replacement for iTunes or CDs. Not radio. Totally different business with very low margins. Something I hope Sirius never gets into.

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HAHAHA... we go way back. I've been around longer than most of these people. I've had the same ID since day 1. They've been caught here and other places using multiple ID's. Hey Spencer... who was Crunching.Numbers again? :) I know who he was over at Seeking Alpha because he was caught. :)

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Originally Posted by MUSCLE13

User is not Midas and he is not one of your 100 aliases. He is someone I totally disagreed with forever........Take care. I have had enough......

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