One thing is for sure. You can definitely spell better than john.:DQuote:
Originally Posted by SiriuslyLong
I say Howard stays.
Printable View
One thing is for sure. You can definitely spell better than john.:DQuote:
Originally Posted by SiriuslyLong
I say Howard stays.
I second that (Howard stays)!!Quote:
Originally Posted by Havakasha
I third he stays.Quote:
Originally Posted by SiriuslyLong
Now what can we talk about? ;)
Julie
John and Mr. Arthur Laffer? :D
There you go again hijacking the thread HAHAHAHAHA.Quote:
Originally Posted by Havakasha
And you know how Julie and Candleman feel about that, hmmmmmm.:)
I give up. :(
Perfect. :D:D:D
What happened to this site ? There are barely 5 users for months now. It's sad because Spencer brings a lot of great information.
After Yesterday's Rally of 3.96%, Sirius XM Radio Shares Could Pullback (SIRI)
Written on Thu, 09/09/2010 - 2:19amBy Chip Brian
Sirius XM Radio (NASDAQ:SIRI) traded in a range yesterday that spanned from a low of $1.01 to a high of $1.05. Yesterday, the shares gained 3.96%, which took the trading range above the 3-day high of $1.02 on volume of 74.5 million shares.
Shares of Sirius XM Radio are currently trading above their 50-day moving average (MA) of $0.99 and above their 200-day MA of $0.91. Look for these MAs to provide support for a short-term pullback in the shares.
SmarTrend is bullish on shares of Sirius XM Radio and our subscribers were alerted to Buy on April 14, 2010 at $1.05. The stock has risen 0.5% since the alert was issued.
SmarTrend has the shares in an Uptrend and expects the share price to pullback toward the $1.02 support level. Afterwards, we expect it to move upward with its peers in the SmarTrend Broadcasting- Radio industry.
Amidst Howard Stern Negotiations & Numerous Talent Firings, The Question Becomes: Where Are You Going, Sirius XM?
by Nicholas Deleon on September 8, 2010
Sirius XM appears to be at a bit of a crossroads. Howard Stern, arguably the company’s most recognizable on-air talent, has all but decided to negotiate his new contract in public, recently stating that “I do get a little charge out of thinking that in December we might be done. I get a little turned on by that.” Mere negotiating tactics, or a genuine feeling of wanting out? Who’s to say? I’m certainly no mind reader. Stern’s current contract has him making around $100m per year, and that’s something Sirius XM would like to change.
Howard Stern isn’t the only high-profile employee to run into Sirius XM’s belt-tightening.
Longtime Opie & Anthony producer Steve Carlisi, known to fans as Steve C., was let go earlier this week. The key is, he was let go and not replaced. Sound familiar?
Dave McDonald, who left Sirius XM’s Ron & Fez show earlier this year despite the best efforts of the Save Dave campaign, still hasn’t been replaced. That makes two producers (the other being “Hurricane” Earl Douglas, who’s since become a published author) the Ron & Fez show has lost in as many years who haven’t been replaced. (Dave McDonald has since moved onto WPJB public radio in New Jersey.)
At this rate the show will be little more than Ron, Fez, and Pepper Hicks all talking into a single iMic.
Big corporations—if you permit me to stretch the truth a bit and consider Sirius XM a “big corporation”—fire people all the time, but to fire so many producers without replacing them? It smacks of financial desperation, as if Sirius XM has convinced itself that you can have a successful radio show without a full team supporting the on-air talent. It doesn’t work that way.
Then again, I’ve never been in charge of a big, successful company like Sirius XM…
And not to think too much into this, but Opie, of the Opie & Anthony show, which has been on satellite radio since October, 2004, just tweeted that his latest contract offer (his current contract expires in October) from Sirius XM is a “joke and insult.”
Way to treat your talent, Sirius XM.
The boys are on vacation this week, and I fully recognize that my idle speculation will no doubt have annoyed them, but these are the types of moves that don’t exactly fill the average Sirius XM listener with any sort of optimism.
And let’s not kid ourselves: outside of certain live events, talk radio is the only reason to subscribe to Sirius XM. We all have music-filled phones, we can all easily subscribe to Rdio or Pandora or take-your-pick. (When not listening to XM channel 202 during the day, I’m listening to Spotify and not COOL HITS RADIO STATION on Sirius XM.) The idea of paying for a one-to-many, top-down radio service in 2010 isn’t quite as appealing when you’re connected to the Internet 24 hours a day, and can hold decades’ worth of music in your pockets at all times.
Not to say that radio is dead, of course, but the idea of paying for radio seems a little out of place these days, particularly when the service is content with firing (and not replacing!) the talent that attracted us to it in the first place.
Of course, our comments are broken here a CrunchGear, so there’s no opportunity to either agree with me or call me a giant idiot.
Satwaves (Pro), KOAT, Satellite Playground...... I'd love to have some of those folks back.Quote:
Originally Posted by sxminvestor
"Howard asked Scott what he wears when he bowls. Scott said he wears jeans an a t-shirt. He may have to get something nicer for TV though. Howard said he should wear a Howard 100 shirt if he gets on TV.
Howard said that things are getting weird around there. He said they used to get research on how many people are listening to the channels but all of that has dried up. He said that they're not telling them anything around there now."
http://marksfriggin.com/news.htm#thu
And the beat goes on.
Certainly adding to the suspense.
pretty solid wall thrown up at $1.05 . . . thought after clearing $1.02 we would sail-thru to $1.08/$1.10
looks like the new support/resistance levels are already well defined
am reading that fund managers are pretty much on the sidelines now and will remain so through Q3 . . . although (aside from Liberty's 40%) institutional interest in siri is minimal anyway
most volume in the broader markets now is us . . . retail and on-line trading
SRK, a couple of negative articles eh? What do you think of that article you posted by Nicholas Deleon? He very bearish, are you?
Thanks,
Hopeful
Hello Julie ;):)
Hey HOPEFUL . . great to hear from you again! Please post more often . . .
No-no. I am not bearish on the future of the service. The service is here to stay and will one-day be "standard" on new cars.
And now the part you hate . . . but we as shareholders may not be around to enjoy it (yeah-yeah, the Liberty thing again - lol).
Anyway, as to the article, the author makes a leap which assumes that reconfiguring certain talent/content will eventually lead to the demise of the service. In this regard I will have to trust that Mel has the internals that will justify these decisions. Management does know who listens to what and when . . so, regardless of the author's personal taste in content, Mel knows what is selling and Mel is a better judge of what serves the interests of shareholders.
Hey SRK, I know it has been a long time... I will try to post more often, I guess I don't have a lot to say about the company these days, it is getting rather boring.
Yes I will be very sad if liberty takes the stock from us. Percentage wise how probable do you see such a scenario? I dunno for some reason I just do not see Liberty screwing us, but maybe that is just the "hopeful" side of me... :mad:
How have you been? You have been helping keep SB alive! Good points and I agree with you about Mel, in my mind he wants to leave this thing with attractive shareholder value, he does not want to leave it a bear!
Hopeful
Quote:
Originally Posted by Hopeful
Impossible to say . . too many moving parts but here is a basic overview:
Liberty Capital: Citi Upgrades; Sees Eventual Higher SIRI Stake
By Eric Savitz
July 9, 2010, 10:01 AM ET
Liberty Capital (LCAPA) shares are getting a boost today from Citigroup analyst Jason Bazinet, who this morning raised his rating on the company to Buy from Hold, with a new target of $54, up from $46. The analyst says the higher rating and target reflect an updated sum-of-the-parts analysis of the company.
Actually, Bazinet spends much of his note assessing what the company is likely to do with its 40% stake in Sirius XM (SIRI). He notes that the current position increases the complexity of the company but does not allow it to tap into the substantial Sirius net operating loss carryforwards.
Bazinet notes that three factors limits the company’s choices. For starters, the company has agreed to a 50% ownership limitation through March 2011. Meanwhile, tax rules limit the use of the Sirius NOLs through March 2012. And finally, he notes that Liberty would have to boost its stake in Sirius to 80% ownership within 6 months of reaching 50% in order to use the NOLs.
He sees three scenarios for what could happen here:
Liberty could tender for 100% of Sirius between March 2011 and March 2012.
Liberty could double its stake to 80% after March 2012.
Liberty could spin its Sirius stake and then merge with Sirius via a maneuver called a Reverse Morris Trust after March 2012.
He thinks a 100% tender is “very unlikely.” He thinks moving the stake to 80% after March 2012 is most likely if Sirius’ equity value remains subdued; he thinks a spin-and-merger after March 2012 is most likely if there is significant appreciation of Sirius shares.
Perhaps Liberty will choose to do none of the above and simply retain their current 40% interest and watch it grow like hell . . .
quoting John Malone:
"My strategy -- and Ray was totally in support of it -- is we're gonna own a lot of 20-percents-of-things, and we're going to put a fair amount of money into it. Those things are going to be leveraged and grow like hell, and we're going to create a lot of shareholder wealth doing that. As for Wall Street, we're just going to have to keep training them to understand the value of that approach. I mean, I've been doing it my whole career."
Liberty waiting in the wings is not altogether negative, knowing there is the potential for a future "premium" tender offer or an increased stake in Siri gives buoyancy to the share price