Up .06 and it's before 7am. Something a brewing. Hope it's a great day for all.
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Up .06 and it's before 7am. Something a brewing. Hope it's a great day for all.
NEW YORK (MarketWatch) -- Shares of Sirium XM Holdings SIRI, +1.39% rose 1.4% in premarket trade Thursday after the satellite radio broadcaster reported better-than-expected fourth-quarter profit and net subscriber additions. For the quarter ended Dec. 31, earnings rose to $143.1 million, or 3 cents a share, from $65.1 million, or 1 cent a share, in the year-earlier period, beating the FactSet consensus analyst estimate of 2 cents a share. Revenue grew to $1.09 billion from $1 billion, while net subscriber additions totaled 576,689, above analyst forecasts of $1.08 billion and 537,000, respectively. Churn declined to 1.8% from 1.9%, while subscriber acquistion costs per installation declined to $33 from $34, compared with analyst projections of 1.86% and $34.8, respectively. The company affirmed its 2015 outlook for revenue of $4.4 billion and net subscriber additions of 1.2 million. The stock has gained 3.4% over the past three months, while the S&P 500 has tacked on 0.9%.
What channel is the conference call on
it fits the "it's a march not a sprint mantra"
sure would love a divi
Not sure what channel...but here is link to listen.
http://edge.media-server.com/m/p/eok8sh45
Last time it was 142?
All sounds pretty awesome! As usual, I suppose that means the sp takes a nosedive...
...and I don't see anyone falling over themselves to push the sp any higher in pre market to prove anything otherwise...
Pre market prices pretty fkn lame if ya ask me!
Sorry for the pessimistic comments. I have PTSD from all the years of Sirius abuse.
I would imagine the sp doesn't get too high before retreating a bit due to the fact there is still $$ to buy back shares. In the long run I guess worth it but, I wanna see the $4 levels again!
Share buybacks reach $2.5 billion in 2014. The company returned $2.5 billion to stockholders by repurchasing 739 million shares in 2014. As of year-end, approximately $1.7 billion remained under the company's existing $6 billion share repurchase authorization.
Implementation of exciting new technologies...10 years down the road. So by the time Sirius delivers groundbreaking new technology, it willbe about 5 years obsolete.
Which clearly spells another painful period of lame sp.Quote:
Originally Posted by jackweed
so they paid what, about 3.38 per share on the buyback?
This pre market action has been the lamest i have seen in last few years. A quick print of 3.70 and immediate pullback to under the 3.66 magic number. Shorts will initiate our journey back down to 3.30 area within days. Management talking about we continue to improve shareholder value via buybacks, blah blah blah. Bullshit....management has purposely killed any interest in this stock over the last year and half and effectively capped this sp at 3.66. This company sucks.
This action in PM is the opposite of what we normally see, I agree.
We break $3.66 today IMO
EDIT: Numbers are just too strong to not break this trading range.....if not today then certainly in the next few days.
EPS headline is 50% beat of consensus and 200% yoy
12% less shares than same time last year with the SP flat over the same period
Etc...etc...etc...
I agree denco. Then we live in the 3.70's til the next Q with the possibility of a takedown or two as a BUYING Opp
where is everyone selling at? got my 3.60's yesterday right before close...would love to sell them on any momentum at 3.75.
lol...since no one replied...looks that way.Quote:
Originally Posted by Faulkner_SA
4.18:confused:.........this stock sucks:poop:...............:googley: