well see thats ur problem, no wonder ur selling every little gain you cant even afford skeeball, well dont let me stop you from putting food on the table. have a safe day.
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well see thats ur problem, no wonder ur selling every little gain you cant even afford skeeball, well dont let me stop you from putting food on the table. have a safe day.
be back in an hour,have to take junior to school..
A good call overall. As I thought, they really concentrated on the EBITDA numbers. Seeing the increased guidance was good.
Big Items:
- New guidance of $350 million adjusted EBITDA
- iPhone application - look for this early to mid June
- New GM deal - I want to get more info on this. It was a LONG extension (2020)
- Lower SAC
- They prepped us for the sub numbers in Q2 by speaking about Chrysler plant shut down.
- Libery is a "Lender" and Investor.
- Will be able to pay debt obligations of 2009 as well as 2010
- Advertising is off by 20%. Turn around will be slow IMO
yeah hopefully we can create a floor around .50 but god knows there is no predicting this shit unless your ben then u can just say its going down then when it eventually does come on and claim you are the bestest of the best.
volume and volatility has almost completely stopped right now.
Nobody really wants to sell -weak hands dropped out early in premarket.
yeah sxminvestor i wonder where we end up today im calling a close of .60 and ben selling all his shares at .55
The growth in adjusted income from $31.8 million in the fourth quarter of 2008 to $108.8 million in the first quarter of 2009 should give investors comfort that we are well positioned to exceed $350 million in adjusted income from operations this year, an increase from our prior guidance to exceed $300 million."
Though the marketing section of the call was a little anti-climatic, the increase in 2009 adjusted income guidance is to me the most substantial statement SXM has made since the announcement of the merger. The main thing I got out of the cc is that this company is now focused squarely on the bottom line. Which is exactly where they need to be.
They have a huge opportunity to market to dormant Satrad owners, that takes much less than the $61 SAC they currently have. The funny thing is I have spoken to people that bought used cars and do not have a clue that they have a Satrad, much less what rich content is available.
All in all, a good report. I agree there will be limited pull back opportunities from here on out.
Big Ben, I would wait to see .61 or .62, I also would not count on low forties. I would look to see low fifties if it gos to the sixties this time.
thanks for your advice Trip and Ben. I will wait and try to get more around .45.
What i am really interested in knowing is how stocks (in general) on the day of the CC usually behave during the pre-market VS after the bell (i bought CSE which also had their CC at 8am today and is up in the pre off of moderately good news).
Is there any pattern that usually presents itself when there is somewhat positive news during the CC? For example, do people over react to a little bit of good news during premarket which drives the price up only to have a bunch of sell offs after the bell which drives the SP back down? Or does the opposite usually happen and people are reluctant to buy on the little bits of good news but become more confident as the day goes on causing the price to increase further into the day? Or is there really no pattern?
If my questions makes no sense, please ignore.
well as of right now they are on track for over 400 million of adjusted income, how sweet would it bee if we can keep up over a 100 mil a qtr
I do think we will now see new investors coming in because Sirius is executing on the bottom line even in the absolute worst scenerios possible.Quote:
Originally Posted by trippingthespeculatingpos
Good Morning all,
I missed the latter part of the CC.
Bottom line, Overall picture good, bad or indifferent?
Julie
hey tabor, sometimes it takes awhile for every1 to get the news and come to the proper conclusion, so u see wild swings that can create a buying op like we went to .43 today. if it was all good news no sub loss etc then we probably wouldn't of got that drop, leading up to cc and during cc can be nuts with no sense to the movements. by the next day u should be able to tell the trend of the stock up or down, but at first its just a frkin madhouse.
morning Julie wondering where u were at :o i think its good, bottom line is the bottom line, money talks even when subs walk, remember that baby, o shit im a pimp today look out.
that makes perfect sense...thanks Trip.
:pimp: bowm chicka wow wowQuote:
Originally Posted by trippingthespeculatingpos
Chrysler will be attempting to clean out there inventory in the next few months, so even though those cars were already counted as subs, the sale will give all the cash to Sirius bottom line in the 2nd quarter.
We will have to deal with GM shutting down X # plants for 8 - 9 weeks during the summer and their crappy scenerio, but this is built into stock price already, but on the bright side, they have a NEW profit friendly deal with them. How did Mel pull that off when you would have thought they needed the extra profit in these times - great job Mel.
The retail advertising, entry into the Iphone, youtube, Twitter in this quarter will continue to send Sirius on the right path to pofitability.
Finally, something is brewing with Direct TV and a bigger buyout from the outside could be also on the table.
This is a investment in very, very valuable assets that will be worth alot more than 2 billion in a few years, maybe 10 - 15 billion or 2 - 2.50/share.
We were concerned about missing the EBITDA number, now we adjusted it higher, that is great news.Quote:
Originally Posted by TSavery
I will also say I am glad they are starting to see that the ramp up in penitration is what is costing them. That the lower end OEMs had to go even if it cost them the chance to get the service to the masses. The fact is most of the masses are not going to pay for radio right now and as I have said will create a higher churn and cost them to much in the short term for the return they will get. I have said many times I never liked the fact they ramped up penitration so fast so soon and that it will cost them to much.
"On a GAAP basis, first quarter 2009 revenue was $586.9 million, the first quarter 2009 net loss was ($50.4) million, or ($0.01) per share, and the first quarter 2009 net loss attributable to common stockholders was ($236.6) million, or ($0.07) per share. In the first quarter 2008, the GAAP net loss was ($104.1) million, or ($0.07) per share."
im getting confused here tyler is reporting the .07 loss when comparing to the .02 estimate, so was the estimate non gaap?