SIRI IntraWEEK Thread 08-03-09

Market overview for today

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4:15 pm : Better-than-expected economic data helped to bring about broad-based buying, which took the S&P 500 to fresh highs for the year and helped it close above the psychologically significant 1000 mark for the first time since November.

The ISM Manufacturing Index made its seventh straight increase by coming in at 48.9 for June. While the sub-50 reading still connotes contraction in the manufacturing sector, the reading was still better than what had been expected.

Construction spending data for June made a surprise 0.3% increase. It was expected to fall 0.5%. The data was released at the same time as the ISM, so the pair of pleasing reports helped to fend off an early challenge from sellers, who had actually halved the stock market's opening gains.

Emboldened buyers helped to prop up the broader market, but materials stocks provided the most leadership and saw the richest gains. The sector's 3.5% advance was helped along by a sharp rise in steel stocks (+6.5%) and diversified metals and mining stocks (+8.0%).

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http://finance.yahoo.com/marketupdate/overview?u

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Originally Posted by Sirius Roadkill

to your point . . .

Mel K

"so obviously we are aware that we have an awful lot of radios that are out there that have the radio in them, and there’s opportunities for our shareholders to monetize those in the future . . . we are aware that we always have the ability to light up some of these radios. We do it from time to time to try to recapture some of them as subscribers"

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Exactly. My thought is at $4.99/mth is this something that they have always done "from time to time"? Given the hefty GM per radio "forever royalty" that is part of the contract would this really be a feasible promotion? If this $4.99/mth promotion has not taken place before then I would speculate that the GM renegotiation significantly lowered the per radio royalty.

If so, it will mean a large boost in bottom line revenue. When did they renegotiate the contract? June?

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Originally Posted by imromo24

Did everyone see that the after hours high was .49....it was for 250 shares.

and around 200k+ shares traded at .48 to close AH.

Tomorrow should be fun.

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Hi Romo,

Your('re) up late tonight! :)

Julie

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Originally Posted by Sirius Roadkill

but if you click this link:

http://www.google.com/finance?q=NASDAQ:SIRI

which is where a Sirius XM stockholder would most likely go for up-to-the-minute news briefs . . . that article does not appear to scroll-through the sandwich board to the right of the chart . . other SB articles have hit there quickly but not this one?

in fact . . the last title to cycle-thru there was the Q2 preview from July 21 . . the Moritz and Palin pieces should definitely have been cycled-thru . . would have picked-up nice hits

that's where you need to pop-up in the news-flow (no searching required) to get the hits on the article . . imo

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The moritz pieces are opinion vs. opinion. It does not come as a shock to me that they were not picked up. The Palin piece is speculative, so again, perhaps they decided not to pick it up. It is interesting what they do and don't pick up.

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Originally Posted by TSavery

Hey everyone....

2 special edition radio shows this thursday. Read the article, and let me know what you think of the idea.

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Hi Tyler,

It's going to be a great show. I'll be listening. :)

Julie

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Originally Posted by TSavery

Are you going to join me on the show?

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Unfortunately I will be working but, I will be sure to listen in.

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Originally Posted by Sirius Roadkill

that's where you need to pop-up in the news-flow (no searching required) to get the hits on the article . . imo

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You figure out Google's algorithm and we'll get all of our articles on that page! There is no rhyme or reason to which articles wind up on that page imho. I have seen short articles about our radio show get up there but a 20 paragraph article about an earnings report get passed over.

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Originally Posted by SiriusBuzz

Unfortunately I will be working but, I will be sure to listen in.

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Charles, You have a life outside of Sirius Buzz? :D
What a concept!

Julie

I think I just reached 400 posts. Will I be receiving
my free toaster in the mail soon? :cool:

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Originally Posted by imromo24

How soon do you think the ad supported channels on XM that are run by Clear Channel will be turned on in the cars that don't pay a sub (Pink for instance)

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here's what Mel K says:

"Thanks for the question romo. We currently have zero plans to have a free advertising driven service. We like our business model and we think that the subscriber revenue is a very important part of it, though we do reserve the right, obviously, as years go on and as more and more subscribers are out there to consider having an advertising driven business, separate and apart, as well."


ok, well he really didn't mention you by name romo . . I made that up; the rest, however, is pure mel as only he can spin a sentence . . but he was probably thinking of you . . .

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Originally Posted by Siriustunes

When did they renegotiate the contract? June?

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Sometime in Q1

Mel from Q1 CC:

"I would also like to mention that we have executed a new contract with General Motors, extending our agreement until 2020 with very improved economics for us. We will continue to review each contract we have with talent, distribution, or automakers to ensure the best arrangements for all of our stakeholders, particularly shareholders and listeners."

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Originally Posted by SiriusBuzz

Unfortunately I will be working but, I will be sure to listen in.



You figure out Google's algorithm and we'll get all of our articles on that page! There is no rhyme or reason to which articles wind up on that page imho. I have seen short articles about our radio show get up there but a 20 paragraph article about an earnings report get passed over.

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Hey Charles,

When you figure out Google's algorithm out, please let me know. They suck to the nth degree with websites. I had them figured out for a long time, but am suffering now..

Bill ;)

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Originally Posted by Siriusowner

So who's not clever ??? 0.385 in premarket today ! I dumped 65,000 shares yesterday at 0.47 that's $5,525.00 USD difference.

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What are you talking about? Here are the facts as of 8:10am EST:

Pre-Market
Last: $ .482 Pre-Market
High: $ .4892
Pre-Market
Volume: 71,753 Pre-Market
Low: $ .479

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Originally Posted by julietoo

Hi Romo,

Your('re) up late tonight! :)

Julie

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Yeah, went fishing and got back a little late and this week is such a big week we gotta keep up on the posts!

Julie, get your popcorn out today :popcorn:. Should be a telling day, hopefully a steady rise over .50 by 11:00 and hold all day (lets hope)

.48 pre and over

The outstanding shares are quite different but check out the chart for MNI. They were at .35 and are at $2.60 now. Also, TUES was at .57 and is at $4.60 now.

Don't be afraid of SIRI going over $1 with a positive earnings surprise (don't hold your breath either)

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Originally Posted by Sirius Roadkill

here's what Mel K says:

"Thanks for the question romo. We currently have zero plans to have a free advertising driven service. We like our business model and we think that the subscriber revenue is a very important part of it, though we do reserve the right, obviously, as years go on and as more and more subscribers are out there to consider having an advertising driven business, separate and apart, as well."


ok, well he really didn't mention you by name romo . . I made that up; the rest, however, is pure mel as only he can spin a sentence . . but he was probably thinking of you . . .

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ha, good one.

But think about what Im saying...the channel is already ad supported. My wife listens to the Pink Channel and they chime in with a quick 10 second commercial for morgtage companies and such but nothing as annoying as FM. There are 4 channels or so that clear channel runs. It was discussed on another site that the CC channels might go "free".

high .48's now

Hi all....what is the collective wisdom on how the CC will go, specifically on cash flow and the success (or not) of the iPod app (new subs via the app)....
Have a good one!

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Originally Posted by proactiv

What are you talking about? Here are the facts as of 8:10am EST:

Pre-Market
Last: $ .482 Pre-Market
High: $ .4892
Pre-Market
Volume: 71,753 Pre-Market
Low: $ .479

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So, you are not a morning person ? Uh ? 0.385 @ 7:13 AM. Bought a shit load (the whole volume) at that price. What broker are you using ? Change it.

http://www.youtube.com/siriusxm

Good Morning All, :sunny:

An email I received from Sirius concerning YouTube.
Lots of good shows on here. Hope the link works, I've
been practicing! :D

Enjoy the day,

Julie

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Originally Posted by underway

Hi all....what is the collective wisdom on how the CC will go, specifically on cash flow and the success (or not) of the iPod app (new subs via the app)....
Have a good one!

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I know what ya mean. Does one cut and run tomorrow before the bottom falls out like May 7th or does one stay in hoping that the news beats analyst figures and rides a little further to the top. My gut tells me the former as it seems no matter what positive news SIRI comes out with there seems to be a negative spin that comes out of the wood work on it.

It was once stated on here like this...SIRI could start sh%#$@ing out gold bricks and the news would spin it as "Meh, they're just gold bricks that are $@$%!

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Originally Posted by underway

Hi all....what is the collective wisdom on how the CC will go, specifically on cash flow and the success (or not) of the iPod app (new subs via the app)....
Have a good one!

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My opinion is that we are going to have some great news that will get washed away by lost subs. If in fact there is a one time charge that keeps us from showing positive earnings then we're going to get beaten up by the lost subs.

There is a lot of positivity that there may be a surprise in earnings and iphone app numbers and of course the adjusted new car sales.

Don't forget the new revenue from royalty fees (although not revenue it is $$ to cover royalties) and the Best of, the iphone app, used cars and the increase in family plans.