@Wolf... when was the last time we saw "MEET" in a Sirius XM news release? Hmmm
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@Wolf... when was the last time we saw "MEET" in a Sirius XM news release? Hmmm
SiriusXM Exceeds 2013 Net Subscriber Target; Issues 2014 Subscriber And Free Cash Flow Guidance
•Net subscriber additions of 1.25 million,
•Free cash flow approaching $1.1 billion,
•Revenue of over $4.0 billion, and
•Adjusted EBITDA of approximately $1.38 billion.
"Our strong history of growth will continue in 2014, as we invest in new products and technologies, like our connected vehicle services business. Adjusted EBITDA growth will continue to exceed 20%, and free cash flow per share will grow even faster. We look forward to building on our progress and delivering enhanced value to our shareholders," added Meyer.
04:20 PM EST, 01/07/2014 (MT Newswires) -- SriusXM (SIRI) today said it ended 2013 with 25.56 million subscribers, reporting 1.66 million net subscriber additions in the year, exceeding the company's recently raised guidance of 1.6 million net additions.
Self-pay net additions in 2013 were 1.5 million for the full year, bringing self-pay subscriptions to over 21 million.
SiriusXM also said it expects 2014 revenue of $4.0 billion and 1.25 million net subscriber additions. The analyst consensus for 2014 is $4.15 billion in revenue. Adjusted EBITDA is seen at about $1.38 bln.
http://finance.yahoo.com/news/sirius...210500551.html
Is it me or did they lower guidance for 2014?
"SiriusXM also said it expects 2014 revenue of $4.0 billion and 1.25 million net subscriber additions. The analyst consensus for 2014 is $4.15 billion in revenue. Adjusted EBITDA is seen at about $1.38 bln."
4:07 pm SiriusXM exceeds 2013 net subscriber target; issues 2014 subscriber and free cash flow guidance (SIRI) :
Co announced that it ended 2013 with 25.56 million subscribers, reporting 1.66 million net subscriber additions in the year, exceeding the company's recently raised guidance of 1.6 million net additions. Self-pay net additions in 2013 were 1.5 million for the full year, bringing self-pay subscriptions to over 21 million.
The company also issued 2014 subscriber and free cash flow guidance and reiterated its 2014 revenue and adjusted EBITDA guidance of:
Net subscriber additions of 1.25 million, Free cash flow approaching $1.1 billion, Revenue of over $4.0 billion, and Adjusted EBITDA of approximately $1.38 billion.
LMCA proposed to acquire SIRI on 1/6.
Or, even better yet, if you were a premium member, you read the extended version a couple of hours before it was released on SA; http://siriusbuzz.com/siriusxm-update.php :p
What's with all the puny after hours trades listed on NASDAQ? Someone with an agenda or a twisted sense of humor?
It does appeared stalled from Etrade's realtime platform also?
I believe days like this(HUGE VOLUME and no SP movement) are manipulated buying. But w the current offer of 3.68 on the table(jk Midas!!!!!!) I don't know WHAT to think.
No ones shorting SIRI now are they?! So the SP HAS to move when they want it too.
Hy guys, long time no see! Anyway, Maffei is at CITI conference representing Liberty Media. Here's a link:
http://ir.libertymedia.com/events.cfm
Announcement: Moody's Says Proposed Offer by Liberty Media to Increase Its Ownership of Sirius XM to 100% is Credit Negative
Global Credit Research - 07 Jan 2014
https://www.moodys.com/research/Mood...MMDD_PR_290204
New York, January 07, 2014 -- Moody's Investors Service said Sirius XM Holdings Inc. ("Sirius") recently announced its Board of Directors received a non-binding letter from Liberty Media Corporation (unrated) proposing a transaction to convert all outstanding shares of common stock of Sirius not owned by Liberty Media Corporation ("Liberty") into the right to receive 0.0760 of new, non-voting shares of Liberty Series C common stock. Immediately prior to a conversion, Liberty would distribute shares of Liberty's Series C common stock to all holders of record of Liberty's Series A and B common stock on a 2:1 basis. Upon the completion of the proposed transaction, Sirius public stockholders would own roughly 39% of Liberty's total equity market cap.
A Special Committee of independent directors of Sirius will be formed to consider Liberty's proposal. The transaction is conditioned on the approval of both the Special Committee and more than 50% of the minority public shareholders of Sirius. Assuming the proposed transaction is approved, Sirius would become a wholly-owned subsidiary under Liberty. Moody's views this transaction as credit negative given the potential for additional debt to be issued by Sirius, or a new holding company of Sirius, with proceeds to fund investments of Liberty. Management of Liberty has stated that it views Sirius as being under levered and could be more aggressive with its capital structure.
The issuer comment "Proposed Offer by Liberty Media to Increase Its Ownership of Sirius XM to 100% is Credit Negative" is available on www.moodys.com
Sirius XM Holdings Inc., headquartered in New York, NY, provides satellite radio services in the United States and Canada. The company creates and broadcasts commercial-free music; premier sports talk and live events; comedy; news; exclusive talk and entertainment; and comprehensive Latin music, sports and talk programming. Sirius XM services are available in vehicles from major car companies in the U.S., and programming is also available online as well as through applications for smartphones and other connected devices. The company holds a 37.7% interest in Sirius XM Canada which has more than 2 million subscribers. Sirius is publicly traded and a controlled company of Liberty Media Corporation which owns over 50% of common shares. Sirius reported 25.6 million subscribers, including 20.7 million self-pay subscribers, at the end of September 2013 and generated revenue of $3.7 billion for the trailing 12 months ended September 30, 2013.
Edit: Get ready folks... we are going to see some negative articles hit Seeking Alpha soon.
Spencer, I think one of the news agencies or several are reporting wrong numbers. One shows Sirius gained 77934 subscribers in the 3rd quarter, they did not lose 20,000. However, another shows your number. On 9-30-13 SiriusXM ended the quarter with 25,582,066 million subs, today they reported 25,660,000, thats 77,934 more. We need clarification. Dang Below is the PR that shows 25.66 million
http://finance.yahoo.com/news/sirius...215807134.html
https://www.moodys.com/research/Mood...MMDD_PR_290204 Moodys has it at 25.6 million
SiriusXM said 25.56 -- unless they reported it wrong.
Who knows, I am trying to research it now.
I guess if you take the 23.9 million that ended 2012 and add 1.66 million net for 2013 , we get the 25.56 million.
It looks like the net self paying subs increased by 1,070,333 from 2012 to 2013, thats what really counts. they pay (SIRI PR states 1.5 million self pay additions for the year, am I missing something?) I looked at EOY for 2012 and I only show 1 million YOY.
I think there are some errors in the IR PR. Please let me know what I am missing.
Sirius XM, Liberty Media CEOs Defend Acquisition Plan
http://www.billboard.com/biz/article...quisition-plan
He said there is a "disconnect" because some are accusing Liberty of "stealing" Sirius XM with its offer of $3.68 per share. while some of the same people also "worry about the death of the company because of the connected car."
"There's no drama here," Meyer told attendees. "Liberty won't do the deal -- which I think, by the way is great -- without the majority of the minority shareholders approving. And I think that's all there is to say."
Sounds like a done deal to me. :)
Not a big fan of the offer but if the offer is going to happen wouldn't it make sense to sell Sirius and buy LMCA A shares. That way you get Class A shares plus the 2 for 1 C shares. If I'm understanding this correctly than ultimately you would end up with more Class C shares than by holding Sirius and in addition have class A shares.
So, if the majority of the minority don`t approve, then they won`t do the deal . so SIRI stays alone NO????????????? Whats wrong with that ?
3.88....maybe it'll make alil move here.
Meanwhile P is up like 30% over the last few days....