SIRI Intraday Updates for the Week of 3/09/09

Printable View

Show 20 post(s) from this thread on one page

03-10-2009, 07:54 PM
cos1000

Here is some of what's out there..... my board shows AH at .15 and holding on SP

- Total Subscribers of Approximately 19 Million, Up 10% Over 2007
- Company Achieves Positive Pro Forma Adjusted Income From Operations in Fourth Quarter 2008
- Liberty Media Investment Completed
- Investor Conference Call Scheduled for Thursday, March 12, 8:00 AM ET
NEW YORK, March 10 /PRNewswire-FirstCall/ -- SIRIUS XM Radio (Nasdaq: SIRI - News) today announced full year 2008 results, including pro forma full year 2008 revenue of $2.44 billion up 18% over 2007 pro forma revenue of $2.06 billion; total subscribers of more than 19 million up 10% from 2007 subscribers of 17.3 million; and positive pro forma adjusted income from operations in the fourth quarter of 2008.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080819/NYTU044LOGO )
"In the fourth quarter 2008, the company's first full quarter of combined operations, SIRIUS XM made remarkable financial progress," said Mel Karmazin, CEO of SIRIUS. "For the first time in company history, we reached positive pro forma adjusted income from operations of $32 million, as compared with a loss of $224 million one year ago. Fourth quarter 2008 revenue of $644 million grew 16% over the year ago quarter while total cash operating expenses declined by 22%, a clear demonstration of our focus on improving profitability. Despite challenges in the overall economy and in the auto sector, we look forward to continuing to deliver on the synergies of the merger. We are also very pleased to report that we have closed the second and final phase of the previously announced investment by Liberty Media Corporation. These transactions resolve the uncertainty surrounding the company's and its subsidiaries' debt maturing in 2009."
SIRIUS XM ended the fourth quarter 2008 with 19,003,856 subscribers, up 10% from 17,348,622 subscribers at year end 2007. In the fourth quarter 2008, pro forma average revenue per subscriber (ARPU) grew to $10.60 from $10.42 in 2007. The monthly self-pay customer churn rate was 1.8% in the fourth quarter 2008, as compared with 1.7% in the fourth quarter 2007.
03-10-2009, 07:54 PM
trippingthespeculatingpos

"For the first time in company history, we reached positive pro forma adjusted income from operations of $32 million"

http://biz.yahoo.com/prnews/090310/ny81849.html?.v=1
03-10-2009, 07:55 PM
trippingthespeculatingpos

damn u beat me to it cos
03-10-2009, 07:55 PM
sl62

Quote:

Originally Posted by OldDruid

In AH there were just over a million share traded so far after the early release. A 5k block just went at 0.1523, but the current bid is 0.1451

Well, you can see what's going on here. We have a war going on between the miss (negative) and the spin (positive). I think MM's are also trying to suck in new money. I will say this. This very much reminds me of Q3. SP held up in AH because of spin (up 16% this, better than all competitors that. Churn was just a hair worse but basically in line, etc...)...We'll just have to wait and see what wins the day tomorrow. As I said a little earlier...misses can be overlooked on technicalities if there is enough positive sentiment..and people want to buy in here at this level. Seen it all too many times. So we'll just see. I left 50% in to cover that very potentiality. I'll still make a nice chunk of change if we take off..

I think Mel moving up CC was a smart move. That could be helping a little here. But you have to ask why they did not keep their original plan on 3/17. Could also be they wanted to tie into this new rally to try to mitigate downside perception on the miss. Otherwise this report looks pretty damn good!

It's always gota be something with this stock. How about just a clear-cut, life is great, upside done deal for once!!! :D
03-10-2009, 07:56 PM
OldDruid

Quote:

Originally Posted by trippingthespeculatingpos

bid just went above the ask people ^_^ green tommorow heard it here first, actually green the rest of the week. green all the way to .50@@@@@@@@@@@@@@

Hope your right! Looks like the bid has stabilized @0.15. Pre market might get interesting.:)
03-10-2009, 07:56 PM
RU Sirius

Hughes

I have XM so I'm good to go on MLB......but I have DishNet so don't get MLB TV package.....sucks! Dish is good.....but they are so cheap. Really glad Mel didn't let that happen.

I feel really conflicted now that Mel stuck it to Dish and got in bed with DirecTV instead. I guess I need to kick Dish to the curb now too so I have my MLB all the way around. Maybe we'll even get some kind of DirecTV/SXM combo deal in the future?
03-10-2009, 07:59 PM
trippingthespeculatingpos

last .157 :)
03-10-2009, 07:59 PM
Beach Gambler

i JUST saw .1570
03-10-2009, 08:00 PM
sl62

Quote:

Originally Posted by cos1000

Here is some of what's out there..... my board shows AH at .15 and holding on SP

- Total Subscribers of Approximately 19 Million, Up 10% Over 2007
- Company Achieves Positive Pro Forma Adjusted Income From Operations in Fourth Quarter 2008
- Liberty Media Investment Completed
- Investor Conference Call Scheduled for Thursday, March 12, 8:00 AM ET
NEW YORK, March 10 /PRNewswire-FirstCall/ -- SIRIUS XM Radio (Nasdaq: SIRI - News) today announced full year 2008 results, including pro forma full year 2008 revenue of $2.44 billion up 18% over 2007 pro forma revenue of $2.06 billion; total subscribers of more than 19 million up 10% from 2007 subscribers of 17.3 million; and positive pro forma adjusted income from operations in the fourth quarter of 2008.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080819/NYTU044LOGO )
"In the fourth quarter 2008, the company's first full quarter of combined operations, SIRIUS XM made remarkable financial progress," said Mel Karmazin, CEO of SIRIUS. "For the first time in company history, we reached positive pro forma adjusted income from operations of $32 million, as compared with a loss of $224 million one year ago. Fourth quarter 2008 revenue of $644 million grew 16% over the year ago quarter while total cash operating expenses declined by 22%, a clear demonstration of our focus on improving profitability. Despite challenges in the overall economy and in the auto sector, we look forward to continuing to deliver on the synergies of the merger. We are also very pleased to report that we have closed the second and final phase of the previously announced investment by Liberty Media Corporation. These transactions resolve the uncertainty surrounding the company's and its subsidiaries' debt maturing in 2009."
SIRIUS XM ended the fourth quarter 2008 with 19,003,856 subscribers, up 10% from 17,348,622 subscribers at year end 2007. In the fourth quarter 2008, pro forma average revenue per subscriber (ARPU) grew to $10.60 from $10.42 in 2007. The monthly self-pay customer churn rate was 1.8% in the fourth quarter 2008, as compared with 1.7% in the fourth quarter 2007.

yeah guys what's not to like. Except they missed their estimates. It's just going to depend on how much emphasis is put on that (mainly by MSM). First reports all said Miss, Miss. I'd love to see SP head higher...

.157 / .158 now
03-10-2009, 08:00 PM
trippingthespeculatingpos

tons of buying in last 5 minutes of ah
03-10-2009, 08:02 PM
trippingthespeculatingpos

.157 ah im thinking big day tommorow, moving into my new apt wont have internet all day till thursday morning. Gonna suck not being able to watch.
03-10-2009, 08:02 PM
sl62

getting some action now. I just saw a .16 sneak in as an ask :sunny:
03-10-2009, 08:02 PM
RU Sirius

I'm far from an expert.....but as a layperson it seems to me that they got Maffei on CNBC ahead of this report so he could put the "spin" on things. That would help offset or lessen the blow of a slight miss on the numbers. Great strategy if you ask me. Now they are bumping up CC to try and keep spinning some positive momentum right away before the MM's and media have time to find reasons to tear SIRI apart again.

I like the strategy.....if that's what it truly is ???
03-10-2009, 08:04 PM
sl62

Quote:

Originally Posted by sl62

getting some action now. I just saw a .16 sneak in as an ask :sunny:

that's it AH is closed...let's make some money tomorrow!
03-10-2009, 08:05 PM
sl62

Quote:

Originally Posted by trippingthespeculatingpos

.157 ah im thinking big day tommorow, moving into my new apt wont have internet all day till thursday morning. Gonna suck not being able to watch.

good luck on your move bro...
03-10-2009, 08:07 PM
cos1000

I'm showing a bid at .157 for 52K sh and an ask at .158 of 28K sh.... not a bad sign...
03-10-2009, 08:08 PM
trippingthespeculatingpos

thx! thankfully i dont have too much crap too move :O
03-10-2009, 08:08 PM
Wolf Child

You all caught this right?

Quote:

Originally Posted by Brandon Matthews

I hate to say I told you so, but I told you so...

look at retail...they LOST 333,628 retail subs in 2008. Where are my critics? I just baked some humble pie....come have a slice..

Save your pie. I'll be having the Rib eye with all the money I'm gonna make on Siri.
03-10-2009, 08:09 PM
sl62

Quote:

Originally Posted by RU Sirius

I'm far from an expert.....but as a layperson it seems to me that they got Maffei on CNBC ahead of this report so he could put the "spin" on things. That would help offset or lessen the blow of a slight miss on the numbers. Great strategy if you ask me. Now they are bumping up CC to try and keep spinning some positive momentum right away before the MM's and media have time to find reasons to tear SIRI apart again.

I like the strategy.....if that's what it truly is ???

Oh, it's a strategy alright. This kind of thing can backfire though. The Street usually penalizes these suprise attacks cuase they usualy mean one thing: "we missed." But Mel and Co. have spun their numbers pretty well and at the end of AH MM's hooked some buyers. Now the question will be was that a MM play or the real thing. we'll know tomorrow..
03-10-2009, 08:12 PM
trippingthespeculatingpos

yeah i saw brandon sold, i could care less, not smart on his part, its funny especially if he has held down from a dollar. i have a .14 cent avg no ****ing way am i selling and risking losing that avg. Every1 on this board could sell and that still wouldnt phase me.

Show 20 post(s) from this thread on one page