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Quote:
Originally Posted by SiriuslyLong
Well, S&P analyst Tuna Amobi seems to think it will be on the 6th of May. I see no reason to doubt that since it would be logical that analyst would be the first to know when it is, so they could fit it into their busy lives.
Thanks Just Sirius. Have a nice day as well. It's nice to finally pass the 10 day mark. Looking forward to the next months with regard to SXM.Quote:
Originally Posted by just sirius
SiriusXM CC set for 8AM Tuesday, May 4th! Again, left handed Texan...no link...but came from SiriusXM pr in my inbox!
Gotta Love it!
For all of the calander challenged folks here...That would be 1 week from today!!!!!
BTW...feels pretty damn good to be sitting here at 1.17 ah after thinking that my 45k investment was toast in Feb of 09.
A special thanks to Cos...aka the Wizard...now able to sleep pretty damn good at night! Thank you my friend!
JS
Quote:
Originally Posted by just sirius
As always I am interested in what cos1000 has to say, so what was it, you basterd.
P.S. I just saw that bit of news to and came to revise the post from before, thanks you could frick up a wet dream and I would not have a problem with that except you dont frick your own up it is always my own you frick up.
John
I'll take that as a compliment!
JS
ps fricked up my own post...thanks you twit!
Quote:
Originally Posted by john
I figured Big Ben would be around now that the market finally retraced a little. He'll be here shortly because I think today will be red as well. We'll see.
May 4 is the official date. Four trading days. What shall these sessions bring to SIRI? That's a million dollar question. Does it run up? Now that the 10 day pressure is off, do we see some selling? BM is already predicting stellar results; though what defines stellar? For me, that's 10 cents EPS!!
Take this for what it's worth.
SmarTrend's Candlestick Scanner Detects Bearish Dark Cloud Cover Pattern for Sirius XM Radio (SIRI)
0 minutes ago - Comtex Smartrend(r)
Related Companies
Symbol Last %Chg
SIRI 1.15 0.00%
As of 4:00 PM ET 4/27/10
SmarTrend's candlestick pattern scanner has detected a bearish Dark Cloud Cover candle pattern for shares of Sirius XM Radio (NASDAQ:SIRI).
Yesterday, the stock gapped up, but then encountered selling pressure that pushed the stock lower.
Yesterday, this company traded 121,437,895 shares, versus the previous day's total volume of 123,971,923. This bearish candle is more reliable if the gap up occurs at resistance and is accompanied by a surge in volume.
SmarTrend issued an Uptrend alert on shares of Sirius XM Radio on April 14, 2010 at $1.04 per share (10.1% return since that call). This bearish candle pattern may point to a reversal of the previously called Uptrend.
Write to Chip Brian at cbrian@tradethetrend.com
http://www.benzinga.com/press-releas...r-pattern-for-You're fast candleman!!! Gapped up at open, and it appears to be closing. My guess is that "those" that "helped" SIRI regain compliance have now moved on.Quote:
Originally Posted by candleman
The little contest we had last quarter was sort of fun.Quote:
Originally Posted by SiriuslyLong
I'm thinking that we are going to see 1.33 by report day. I'll bet it swings between 1.05 and 1.40 between now and then. There can be a lot of money made playing that swing for anybody who has the balls to do it!
Quote:
Originally Posted by just sirius
As you should, unless you are here and your name is Havasucker or Adumbical (what I call those twits here).
P.S. Hey turn about is fair play.
Quote:
Originally Posted by SiriuslyLong
Well I know why S&P analyst, Tuna Amobi thought it was on the 6th instead of the 4th. It was supposed to be on the 6th but SIRIXM pushed the date up.
I think you will be waiting a few years for that remember one penny a share is alot with, what is it 3.6 billion shares out there (not including the Liberty stake). As for BM, if it were not so obvious, I would not believe him on anything at this point. I think if we dont get some kind of run up then there will not only not be a pull back but just maybe (and that is a big "just maybe") a trend higher after the CC this time. I am still waiting to see what the April OEM run rate is, to say for sure though.
"10 cent EPS"? Always love your sense of humor S&L (:D)
Hey, that's my definition of "stellar"! According to some, SIRI will be lucky to be in the black.Quote:
Originally Posted by Havakasha
I know thats YOUR defintion. I quess i thought it was way high. 10 cents sounds stratospheric not stellar, but i quess we all might have different defintions of stellar. Do you have an expectation that SXM will hit that 10 cents mark? If so when? Just curious.Quote:
Originally Posted by SiriuslyLong
I do know we are fighting to be in the black.
First off, I think they'll have to get some shares off the market in some fashion. With 3.6 B shares outstanding, they would have to clear $360 MM (last quarter $14.2 MM on total revenue of $676 MM and total operating expenses of $596 MM according to google finance).Quote:
Originally Posted by Havakasha
Without the R/S, the question then becomes how does one get from a net income of $14.2 MM to $360 MM? Mel made a statement last quarter that every new sub is 70 cents to the bottom line. (360 - 14.2)/.7 = damn near a half billion subs - that ain't happening.
Can they cut their expenses in half? Doubtful.
Can they get there by doing a little of each? Still doubtful.
The only way is to get shares off the market. That's my sophmoric take.
um, hello there............
SIRI announced retiring a bond, and .... I'm the last jackass to post at 3:45 PM.
Good stuff SIRI holders. Good stuff.
Quote:
Originally Posted by SiriuslyLong
Hey you dam twit, I have some good news for you. It is .70 PER DOLLAR and NOT per subscriber.
Now dont you feel a little better.
I do agree that the only way to get that 10 cents you were talking about is to buy back shares and then retire them. The problem is they will not be in any position to do that for at least 4 to 5 years. You know they have over 3 billion in debt and will want to take care of most of that (lets say at least 2.3 billion) before they can think about buying shares back that interest they are paying, by it self is another drag on the GAAP positive. Look even Mel says they will be earning about what 500 million in FCF a year, in something like 2013 (or 2014?) so given that and the debt they have it will be some time before they can buy shares back and most likely not until 2016 or 2017 before they could even make any sizable dent in the share count.
Just some common sense and logic with some simple math thrown in for good measure.
The company is prohibited from buying back share until they are a profitable concern. Even when that happens they have other housekeeping to deal with first.
Oops. Assume the average sub is $10 of which $7 goes to the bottom line, and you need damn near 50 MM new subs to get there (just a decimal place off - give me a break lol). That does make me feel a little better, but it's still astronomical to think that SIRI could have 65 - 70 MM total subs.Quote:
Originally Posted by john
Trouble is that if SIRI is going to have this massive amount of shares outstanding for 4 - 5 years as suggested, then we can probably count on single digit EPS for 4 - 5 years, no? Oh, that's gonna attract a lot of investors LOL.
Good morning :sunny:
A reminder to tune in tonight Sirius Buzz Radio at 9:00pm. Link is on
the News page.
Last weeks show after a long hiatus, was great. The hour
flew by. Lots to discuss tonight. :)
Julie