attn john & irish (relmor turn away; don't look)
Quote:
Originally Posted by
john
I just read this on the main page:
Sirius Roadkill says:
July 21, 2009 at 8:50 am
The Loral charges will be big . . . still no PFCF for Q3 but we knew this as far back as July 2008 . . go take a look again at the Faber interview.
Once again if true I am going to have JohnnyIrishXM stoned, and not with the nice round ones ether but with big jagged ones.
Here ya go boys . . hate to post this again . . but I must . . . (Relmor should be along any second now; he really hates Faber) . . here it is:
Karmazin: AND I THINK THAT IS THE FUTURE, OKAY? I THINK THE FACT THAT WE HAVE IDENTIFIED IMMEDIATELY $400 MILLION OF SYNERGY ON VIRTUALLY EVERY LINE ITEM OF THE P&L, SYNERGIES THAT WE ARE VERY, VERY CONFIDENT TO BE ABLE TO DELIVER NET OF THE COST BEFORE 2009. SO WHEN YOU TAKE THAT SYNERGY AND YOU ADD IT TO THE COMBINED COMPANY, YOU GET, FOR THE FIRST TIME, POSITIVE EBITDA. NOW, IN MY OPINION, POSITIVE EBITDA ISN'T THE SAME THING AS MAKING MONEY.SO, WE'LL HAVE $300 MILLION OF EBITDA IN 2009, AND BUT FOR A PAYMENT CONNECTED WITH THE SATELLITE, SIRIUS IS PUTTING UP A NEW SATELLITE IN '09, AND WE HAVE ONE PAYMENT -- BEFORE THAT SATELLITE, WE WILL BE FREE CASH FLOW POSITIVE.