i was kind of being facetious. I think it's a ways off too. However, you are better at it than I am. I just didn't want to rattle any feathers. :)
Printable View
Here we go with the last 10 minutes....I don't know if the stock will trade down or up at the close but We'll burn that bridge when we come to it!
Edit 1: Well, SIRI ended down $.04 on the day and up $.01 for the week...it's not exactly rocket surgery and I don't want to beat a dead horse in the mouth but dang it, getting this stock to behave rationally is like threading a needle with a haystack. I'm gonna have to burn the midnight oil at both ends and figure a way to rob peter to pay the piper before this stock hit's $4.
Fade came early, but I would still lean to yes they were in there. They may have to manage the buyback at a slower rate until they issue some new debt. High yield is getting more expensive, when they do issue, I am not going to like the rate. Tic Tic Tic, you are so right. Get out of the mud or I am out the door. This stock needs some juice that will stick.
Have a question for you guys. I took my profits in Cablevision and now I am rattling my brain where I should put the extra money. Comes down to 4 choices - Comcast, Sirius, Disney or the S&P 500. Which one to choose? I am heavily invested in all 4 choices and believe in all of them. But I wanna bet on one with my Cablevision profits. Any suggestions? Thanks.
I would stay in cash for a moment. I do believe we could have a year end rally and if you are ok with stepping out of the box, i would buy some Apple here. I know you dislike Apple but I think it's going back to test its 52 week high or more. If it's about making money, I think this is a winner.
I admit right up front that I'm not a technology expert, but I think the answer to your question about Europe is that the company currently has satellites only over North America and would have to launch at least three over Europe - even with SXM17 technology - in order to make that work. Same question has been asked about the potentially huge market in Latin and South America.
Say what you want about content being the differentiator, but it's the satellites (and to a lesser extent the repeaters as well) that are the moat that keeps out competition from entering the sat-rad business. At $260+ million per satellite, that not an easy moat to cross - for anyone. It's been a nice couple of years here where SiriusXM has not had any significant CapEx but if memory serves, I believe they will have to start spending big $$$ for the next Satellite sometime within the next year...So that should impact FCF wouldn't you think?
Satellites are to SiriusXM what Medallions are to Yellow Cab in NYC.....expensive moats that keep out the riff-raff competition. Now if someone could find a way around that Satellite moat, like Uber and Lyft did with the medallion moat, that would be a game changer. Until then SiriusXM will continue to send $260 million into space every year or three to keep the moat operational.
and what user said because that guy is one smart cracker.