People are not even factoring in that last qtr was one of the worst since WWII and Sirius did not fold up the tent. If you do not put the results into context they are bad. All the boo birds think Qtr 1 2009 is going to be more of same.
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People are not even factoring in that last qtr was one of the worst since WWII and Sirius did not fold up the tent. If you do not put the results into context they are bad. All the boo birds think Qtr 1 2009 is going to be more of same.
I agree, and Mafea (sp) said on cnbc that they are already working on the 2010 debt (within a few months it will be done) he also said we (i think he said we, which would be good because he's taking "ownership" of the companies business) anyway, he said we will be able to add new subscribers relatively cheaply!!!!Quote:
Originally Posted by trippingthespeculatingpos
Here's my rookie take on what the MM's are up to this morning.Quote:
Originally Posted by trippingthespeculatingpos
Post .24 premarket to peak interest. Notice the very first trades.
08:00 $ .17 400
08:00 $ .164 600
08:00 $ .16 1,910
07:59 $ .15 101
07:38 $ .17 400
07:38 $ .16 100
05:28 $ .24 100
Perhaps 101 @ .15 was the signal for the desired low and the 2 blocks of 400 at .17 was the desired high. Notice that when the stock hit .1697 there were suddenly 100 share blocks, larger share blocks sold and then a pull back. I don't know what it means for regular market hours but it appears to be a pattern for pre-market.
Quote:
Originally Posted by mogami
OK........No problem here, It's not in my best interest to prolong a emotional argument.
But concider this, the last quarter was supposed to be their better quarter due the the holiday selling season. It will be this coming quarter that will be the worst of the lot traditionally speaking. It will be this coming quarter or the one we are now in that will reflect the low SAR in autos and the breakdown and reorganization of their retail efforts.
Stocks trade on future business, not past.
That's all I wanted to say. That's all there is to say.
4th qtr is supposed be a good quarter for all retailers, but this was not the case for any1, its not a siri centric problem its an economic problem that will get better before the end of the year, car sales will start rising again by end of year you heard it here first.
MM's seem to have this one well in hand. Pretty classic stuff.. :rolleyes:
Sounds good to me. Seems like thats what happened. Trying to figure out what these sneaky pete's are up to is harder than working a rubics cube while chewing on cactus buds and drinking shroom tea:)Quote:
Originally Posted by TWAsiri
...and eating the worm!!Quote:
Originally Posted by OldDruid
This one's pretty text book though. They're gonna take this down..just don't know how far. Hey, if this SP moves up and inhabits the .15's when all's said and done, I'd be happy and call it a moral victory for the company...
its just some profit takers will shake off the weak hands are selling on this tiny move and then back up we go. remember we still got the cc tommorow
Another BS misleading article from the Dow Jones and Marketwatch. Read the comments below.......
http://www.marketwatch.com/News/Stor...&siteid=yhoof2
Sirius XM loss widens; posts pro-forma operating earnings
By Robert Daniel
Last update: 5:28 a.m. EDT March 11, 2009 Comments: 4
TEL AVIV (MarketWatch) -- Sirius XM Radio, (SIRI:0.15, +0.00, +2.0%) the New York provider of satellite-radio services, reported late on Tuesday that its fourth-quarter loss widened as revenue more than doubled. On a pro forma basis, the company reported adjusted operating earnings for the first time. The company was formed in late July by the merger of Sirius and XM. The loss was $245.8 million, or 8 cents a share, compared with $166.2 million, or 11 cents, in the year-earlier quarter. Shares outstanding more than doubled to 3.16 billion. Revenue totaled $622.2 million compared with $249.8 million. Pro forma operating earnings were $31.8 million compared with a loss of $224.1 million a year earlier. Pro forma revenue rose 16% to $644.1 million from $557.5 million. At the end of the quarter, the company had 19 million subscribers compared with 17.3 million at year-end 2007. "Despite challenges in the overall economy and in the auto sector, we look forward to continuing to deliver on the synergies of the merger," Chief Executive Mel Karmazin said in a statement. Sirius XM also said that it closed the second and last phase of the planned investment by Liberty Media Corp. (LINTA: 2.74, -0.06, -2.1%) "These transactions resolve the uncertainty surrounding" the debt of the parent and its subsidiaries that matures in 2009, Karmazin said.
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Comments
There are 4 comments
Important Update 3 hours ago +5 Votes (5 Up / 0 Dn)
The loss is becoming less not more. This article is false. It is based on the WSJ false facts that have been retracted already. Sirius XM is a combination of Sirius and XM. This article is stating the lost of Sirius but not the lost of XM for 2007. I don't know if the writer is just trying to beat down the SIRI stock or if they are just trying to reprint what the WSJ has already retracted. Either way it is criminal. Media is to provide truth and clearity of the facts. Come on now, is getting sued the only way a media outlet can increase revenue and get into the lime light now a days!
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birdman264 2 hours ago +5 Votes (5 Up / 0 Dn)
FWIW, this article is wrong. I hope the writer on the other side of the world is paying attention to the comments section.
The $245 million loss was the for XM and Sirius combined in Q4 2008, however the $166 million is the loss for just Sirius in Q4 2007. The combined loss in Q4 2007 was actually $405 million.
Wall Street Journal got this wrong too, but since pulled the story.
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MiiToo 2 hours ago +2 Votes (2 Up / 0 Dn)
Who wrote this c***? Did you even read the financial reports? Was your last job at the "National Inquirer"?
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VFCsHouse 1 hour ago +2 Votes (2 Up / 0 Dn)
Gotta love how every other report is titled, "Sirius XM loss narrows" except for these clowns. agenda? i wonder.
http://vfcsstockhouse.blogspot.com
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I gotta run for today but I just bought annother 10K sh @ .1510. I think this release keeps has us moving up into the .15's then hopefully higher in time..Quote:
Originally Posted by trippingthespeculatingpos
More BS from DOW JONES... Do I have to spend all day on the phone getting them to fix shit again?
=DJ CORRECT: Sirius XM Radio 4Q Loss Widens On Merger Costs>SIRI
. Ê ("Sirius XM Radio 4Q Loss Widens On Merger Costs," published at 6:09 p.m. EDT, incorrectly stated the number of subscribers in the ninth paragraph. The correct version follows.)
DOW JONES NEWSWIRES
Ê Sirius XM Radio Inc.'s (SIRI) fourth-quarter loss widened on costs related to the merger of Sirius and XM Radio. Ê The satellite-radio company was perilously close to bankruptcy last month, before media titan John Malone's Liberty Media Corp. (LINTA, LINTB) lent it $530 million for a 40% stake. Ê Sirius XM, formed in July when the U.S.'s two only satellite-radio companies merged, faces a mountain of debt and has been hurt by the sharp downturn in U.S. auto sales, a large source of subscribers. Ê Filing its delayed annual report with the Securities and Exchange Commission, the company said its net loss widened to $245.8 million from $166.2 million. The per-share loss narrowed to 8 cents from 11 cents, reflecting fewer shares outstanding. Ê The latest results included $83 million in merger-related costs and a $15 million write-down of goodwill. Ê Revenue more than doubled to $622.2 million because of the inclusion of XM Radio's results. Ê Analysts' estimates were for a loss of 7 cents a share on revenue of $615.5 million, according to a poll by Thomson Reuters. Ê Operating expenses grew 54%, with much of the increase due to the merger. Revenue share and royalties jumped 82%, while customer service and billing costs more than doubled. Ê The company ended the quarter with 19 million subscribers, up 10% from a year earlier. Ê Average revenue per user was $10.24, up 1.9% because of the start of "best of" package sales and a lower mix of prepaid subscriptions from auto makers. Ê Subscriber-acquisition costs rose 13%, but SAC per gross subscriber addition fell 32% to $59 on lower retail and manufacturer subsidies. Customer service and billing expenses per average subscriber also slid 4% because of greater efficiency. Ê Sirius' shares rose 3.4% to 15 cents in after-hours trading. They have fallen 96% in the past year.
Ê -By Kathy Shwiff, Dow Jones Newswires; 201-938-5975; Kathy.Shwiff@dowjones.com
Good Luck sl62.......................
mornin' killer...and thanks. I saw some pretty good support @ .15. And the numbers actually were pretty damn good!! Overall I think this SP should at least be about .20 in the big picture..you??Quote:
Originally Posted by killerkaul
I'll tell ya what would be nice...is if this SP starts wiggling a bit more intradays..better ranges. Gives us a chance to stay long but also make a few bucks on swing trades...Quote:
Originally Posted by sl62
hasta la vista gents, bbl...good trades to all! :sunny:
gadzooks now the share builder site is not working. (must be heavy traffic today)
cost me a trade.
volume already exceeds yesterday
Quote:
Originally Posted by mogami
I thought it was just me...
nope cost me at least 2 chnces to tradeQuote:
Originally Posted by Gallep
lets me log in but gets error when I try to go to my account
Looks like we are sitting around .158 and holding. I would be happy if it stays here for the rest of the day, with a run-up at close in anticipation of the CC.
Anyone have some initial thoughts on the outcome of the CC? I know Mel will be hammered on the sub numbers and auto sales, but he should be able to put a positive spin on their positive earnings and removal of 09 debt, right? Is the general consensus that the SP will go UP after the CC, not down? Or is this one of those "nobody has any idea" situations!