Originally Posted by
john163888
Ho you got to love this time of the year, the good news just keeps coming. With SIRIXM, I have a feeling that from here on out (for the next year at least every month is going to feel like Xmas. Really though just over 20 million by years end, was that really news??? I know it was not for me and any one that believes in what I say. The only real news was that SIRIXM did not break that 20 million wall already, While I did not expect it to happen, it was possible and would have been nice to see. Like I said, I would expect them to add AT LEAST 300,000 to 320,000 in the 3rd quarter. Also while I figured CHURN would go up, I did not think it would be as bad as Mel is saying it is. Lets face it, if Mel is not pulling the wool over our eyes, the OEM sales numbers were almost the same as they were in the 2nd quarter (583,000 last quarter and only about 475,000 needed to break 20 million). So that would mean about the same subs should have been added and if that happen then they would have crossed that 20 million number already. I find it hard Mel is going to come out NOW and say 20 million by years end and then in a month or less he is going to say, opps we crossed that number already so let me revise it again. Then again this is Mel and he just did it to us before. If he does that again, at that point, I would think he is just doing it, to frick the shorts.
Ether way Things will be looking good even with the economy being the way it is (or even if it gets worse). Dont believe that, just let them lose 500,000 (mostly promo subs) again and if you think they had a rush of FCF then then get ready because they have cut even more since then and added another million subs. All these new subs cost and getting less, while is not good for the long term outlook, it is great for FCF in the short term.