Back to 3.13 with 8M shares...
JS
Printable View
Back to 3.13 with 8M shares...
JS
S&P KEEPS BUY OPINION ON SHARES OF SIRIUS XM RADIO
(S&P Capital IQ)
Q4 EPS of $0.02, vs. $0.01, matched our and Capital IQ's consensus estimate, after pre-announced net adds of 535,000, with rebound in U.S. auto sales. Other key metrics such as churn, average revenue per user and auto conversion rates also seem to be holding up better than we expected, as SIRI affirms encouraging '13 guidance for revenue of $3.7B (up 9%) on 1.4M net adds (vs. '12's 2M), adjd. EBITDA near $1.1B (up 20%), and free cash flow of $900M (up 27%). Liberty's (LMCA 111, NR) effective 50.2% controlling stake could portend shift in capital allocation. We will update.
could not/can not listen to CC, gotta make a living....
Any summary would be GREATLY appreciated.
The call was very positive in general and Meyer and Frear did a nice job in their first Call without Mel. No surprises but reinforced the continued strong growth going forward. Did not show their hand on when exactly buy backs will commence but could start at any time. Repeated the return of value to shareholders going forward.
$3.08 Premarket today....Reminds me of this rap songs hook... "Now you know who's the shit, Now you know who's the shit"Quote:
Originally Posted by redcloud
What matters is each persons definition of short term :juggle: and when you take the study :argue:
But really, nice job calling the pops, once we figure out who's time frame is 30 minutes and who's is 2 weeks then we'll all be making moola
I called sell at 3.17 3 weeks ago I may have missed out on 2 or 3 day trades and one pop to 3.25 but I didn't lose 17c in 2 days today either.
No harm intended of course!
ultra-quick summary:
1) company's making more money
2) subscribers leaving less
converting more
3) eps 0.02
4) all's well
I feel pretty good about the short term whether it's measured in hours, days, or weeks. I think we continue to climb from this point. I certainly would have preferred they surprised with 4q numbers but no one can say they disappointed. They did what they said they would do. I still see an upward channel with the current SP setting the lower trend. Anyone else see something different?
BTW - I finished sequence two of Stikky Stock Charts. This book is awesome....I have even discussed with my children the notion of giving them a small capital stash for them to learn charting.
After they read the book of course.
Will Liberty go for 80%? This statement makes me wonder.Quote:
Originally Posted by imromo24
I feel good too but I'm impatient and a gambler! I wish I could just stash siri away for 5 years.Quote:
Originally Posted by Spoons
If I had known about MACD on charts I never would have bought siri all the way down from $6 to .25 and would have waited for a MACD crossover to positive. I also wouldn't have sold around $1.
Point being...chart don't lie...ceo's and goldman sachs (analcysts) do
Very simplified yet effective book.....I'm glad you like itQuote:
Originally Posted by Spoons
The great wall at 3.14. Even though Ask is small, the wall is BIG. I wonder if this has anything to do with the closing price on TO date of record on convertibles which was 3.14. Interesting to see if we break through.
EDIT: And as I type we did....will it hold and get over 3.15.
Possibility exists the run to 3.25 was the mm dumping to the commoner for a retrace to 3.14 (for the millionth time it seems) so they can reload before they continue the upper bollinger breakout from Friday. I have the lower bollinger at 3.09, that will be the real test throughout the day.
MACD opened up more downward which tells me as a weekly monthly trader to wait before getting back in.
Anyone see a pop today and this is a fakeout drop?
Problem is liberty isn't buying anymore (unless they have to pick some up from directors options) to support the 3.14 price and now with earnings over there isn't news for the rest of the month, with a MACD crossed down and below the blue ichimoku line
In regards to the green rush stocks. Little pop at open, holding steady now. I think we have found the top of this run, not any real dumping going on, I presume few want to sell for FOMO on the next bump. Hard to say. I bought a bit more, which I may regret, but its a gamble I am willing to take. Upside from 10 cents far outweighs the down.
3.14 is the mid point of the BB. Closing on top would be a nice victory for longs...Quote:
Originally Posted by denco1
trying to sell 4000 at 3.15 see what happens
Well, I bought PM at 3.09 and sold regular session at 3.13. May have been early on the sale but I'll take it on that quick overcore margin trade. Would take a real nice pop for me to ever consider selling any core, as I would take a tremendous tax hit on those shares. All out is not an option for me, for now.
3.15 went thru. maybe we will go up from here
That is a real good sign Lakefun1. Usually the don't hit those asks until it pops above.Quote:
Originally Posted by lakefun1
not all out here, just wanted to play with some other stocks being brought up here. i am here for a much longer haul as you are :cool:Quote:
Originally Posted by denco1