Originally Posted by
TSavery
couple of points:
1. Prepayments are booked as deferred revenue (a liability on the books), not revenue. Yes, they have the cash, but it is a liability until the contracted service is delivered.
2. SAC will be higher. The company already warned of this in Q2. Autos installations cost money, and that money goes against SAC.
3. The likliehood of Sirius reporting a positive EPS is very slim. They will have charges to the debt refinancing, and costs for chipsets for retail and oem's. Despite what some say, mark my words, they will have these costs. Don't get led down the path of believing everything you read.....including what I write. Some are more accurate than others. Some understand the metrics and finances better than others. Look at the history of a writer to establish the level of faith you can place on what they say.