Sirius just surprise reported 4Q - 10Q

[FoolNHisMoney]

I'm curious to know where most of those 333,000 retail subscribers were lost, was it more on the XM side, or Sirius?
I'm sure there was a Merger catharsis that alot of shareholders sold into and out of. A percentage of the loss is probably due to shareholdrs/subscribers who became disgruntled.
Though I can't discount the bad economy and it's effect on the consumer tightening their budget, I think that big of a retail loss is an anomaly that will right itself. Let's face it, we should get some better radios too. Alot of that early retail was low quality crap!
I think the 10K was a good foundation for this re-booted Puppy to further grow into a Big Dog with more attractive potential in all aspects.

No doubt the economy had something to do with the low retail sales, but the major factor driving retail sales down is the increased OEM penetration rate. The more cars there are being sold with satellite radio installed greatly reduces the number of retail sales.

[Koop]

Am I missing something?
If this is a 2008 accounting why does the Liberty deal get a mention? Is this just news or are the figures factored into 2008 accounting?

Didn't that deal happen in 2009?
Or does this mean that Mel did this deal in 2008?

Or was this mentioned now to try keep the ship afloat and pacify analysts and the Street?

I would have thought the report would have been only 2008 numbers and the 1Q in 2009 would dazzle everyone with the Liberty infusion.
Koop

[Brandon Matthews]

OK what am I missing? In 2007 there were 4.6 million retail subs. End of 2008 there are 8.9 million retail subs.

In 2007, sirius had 9,238,715 retail subs
In 2008, sirius had 8,905,087 retail subs.
A net loss of 333,628 retail subs. In other words, retail subs are negligible. Anyone that thinks Sirius can add 2 million retail subs is nuts.

In 2007, sirius had 8,033,268 oem subs
In 2008, sirius had 9,995,953 oem subs
A net gain of 1,962,685 oem subs.

[mogami]

Hi, So 1.6 million more people just had it installed when they bought their car? Since we know car sales are down people are getting it when they buy the car rather then retail after.

[Sirius Roadkill]

could someone please post the entire WSJ article:

http://online.wsj.com/article/SB1236...googlenews_wsj

Thanks!

[mogami]

In 2007, sirius had 9,238,715 retail subs
In 2008, sirius had 8,905,087 retail subs.
A net loss of 333,628 retail subs. In other words, retail subs are negligible. Anyone that thinks Sirius can add 2 million retail subs is nuts.

In 2007, sirius had 8,033,268 oem subs
In 2008, sirius had 9,995,953 oem subs
A net gain of 1,962,685 oem subs.

So they beat the crap out of your predicted 2 million subs lost right?

[Danzo]

Hey Rick, I just want to say thanks for distilling some excerpts from the 228 page report, especially the one about the effects of a reverse split. I'm a novice at investing and I understood how a reverse split works, but I knew almost nothing about the larger implications of a reverse spilt. Thank you very much for posting that and your other excerpts in this thread.

[Boat]

Quite alot of subs canceled there contracts because they didn't like when Sirius took away there favorite XM channels.

[sxminvestor]

In 2007, sirius had 9,238,715 retail subs
In 2008, sirius had 8,905,087 retail subs.
A net loss of 333,628 retail subs. In other words, retail subs are negligible. Anyone that thinks Sirius can add 2 million retail subs is nuts.

In 2007, sirius had 8,033,268 oem subs
In 2008, sirius had 9,995,953 oem subs
A net gain of 1,962,685 oem subs.

Enough with the word negligible.

Sirius did not break out gross vs net. They may have had Gross of 600k & had churn of 933k to net 333k. Don't you understand this concept ?

I agree they have to increase the retail additions in order to stabilize and grow the subs and revenue. And we need OEM's production and penetration rates to increase y/y.

The take rate also dropped a bit, but this was expected to a certain account because of the mix of lower end cars and poor economy.

Your still talking Apples and Oranges and trying to pull smoke and mirrors on everyone with your trying to explain your way out of the 2 million sub loss prediction you stated (your opinion) for 2009.

[Sirius Roadkill]

COH

So . . if COH at end of Q4 was $380mm then $20mm was added over Q3

Also, adding in $78mm leftover from the initial Malone infusion . . . COH today should be somewhere around $460mm