SIRI Monthly Thread July 2015

[JR999]

Cross out bdp and put in my user name as you just described my SIRIUS life story as well. You have company!

[midas360]

A lot of people here in the same boat. It's a great story! Kudo's to those that bought Sirius XM when it was a penny stock and held and never sold. Congrats!

Edit: I will hand it to Spencer, Demian, Muscle, and BM for giving investors the confidence to hold the stock during the hard times. I think that's where they did their best work!

Cross out bdp and put in my user name as you just described my SIRIUS life story as well. You have company!

[dm_4]

It's curious and ironic, but in hind sight, I swore I would be out of Sirius when it hit $1...$2...$3...$4... Yet here I am still riding the dream. Perhaps when we hit $5, I'll stick it out to $6. I understand that there are many better investments and I have profited as well as lost on many of them. I think the primary reason I have been stuck on Sirius through all the chaos is, (along with the rest of you fools), I know this stock like the back of my hand and feel very comfortable with the company and my investment no matter what anyone says. I am sure collectively we know Sirius at least better than any analyst.

I was suppose to sell half my position after the last cc...changed my mind to this cc and yet i havent sold one share lol. Your spot on with all the above but ecspecially with the part about us knowing this stock better than any analyst!

[dm_4]

in for approx 1500 Jan $3's at a buck and a penny.

Stock is free to fall now...

good luck SF

[Slip60]

How much is left on their current buyback? I was expecting them to increase it with the extended and increased LOC.

[user34615145]

Often it's less than 20 minutes. Almost never more than 50. Pull up a 1 minute chart and look at the 20 and 50 min SMA's and how they move and you will get a good idea of why the trades are so fast.


AAPL is going to continue to react to China since they are pushing exposure there and it's assumed that is why the phone sales came in light (right or wrong as that is) vs. "analyst" estimates. I would be nervous holding calls overnight because of that.

FYI, I sold my 10 AAPL 121 calls today for $2.95.....a price I could have gotten yesterday a couple of times if I was quicker on the trigger. But it's all good now and I made $500 on a $2440 investment in two days so that's not too shabby. Keep those apple option ideas coming SF!

[midas360]

Good question... this is what was said on CC. Looking for a specific number unless someone else has it?

"We repurchased 144 million shares for $560 million during the second quarter, and this year through yesterday we have repurchased 338 million shares for approximately $1.3 billion. Our growing free cash flow, low leverage and undrawn credit facility allow us to continue investing in growth, while providing flexibility to pursue strategic opportunities and return capital to shareholders,” noted David Frear, Chief Financial Officer, SiriusXM

Kannan Venkateshwar - Barclays Capital, Inc.Thank you. Just a couple from me. So, first on the music royalties. There seems to be a slight increase in your music royalty fees starting June of this month. So, just wanted to understand if the royalty (41:30) settlement is a part of that, and how you are thinking about it from a pass-through perspective?
And secondly, the inevitable balance sheet question. From the buyback side of it, given the increase in revolver, and given the kind of visibility you have going forward for the rest of the year, how should we think about the use of capital given that you still have a lot of room under your guidance? Thanks.

David J. Frear - Chief Financial Officer & Executive Vice PresidentI don't – there won't be any change in our capital return policy. We've been going along at a good clip and we don't anticipate any change in that. On the music royalties, maybe what we can do, Kannan, is take it offline with you. I don't – other than the fact of accounting for the settlement that I don't really see much that's out of line in these results. But why don't we take your first question offline.

How much is left on their current buyback? I was expecting them to increase it with the extended and increased LOC.

[dm_4]

omg wasn't serious!! lol (did buy the options, wasnt serious about the fall :P )

not a options player here but i have never really known you to buy siri puts so yeah i kinda picked up the humor lol.

[user34615145]

in for approx 1500 Jan $3's at a buck and a penny.

Stock is free to fall now...

Wait....what?!!!! You bot 1500 contracts at $1.01? $151,500 on one trade!? Damn. Go big or go home I guess!
Good luck and I hope you kill it but brother but I'd have a hard time sleeping at night with so much on the line - in any stock.

I know they don't expire till January but is this a long term (months) or short term (days/weeks) trade for you?

[midas360]

+1 You're a good man. Don't let anyone tell you any different. Keep making that money!

FYI, I sold my 10 AAPL 121 calls today for $2.95.....a price I could have gotten yesterday a couple of times if I was quicker on the trigger. But it's all good now and I made $500 on a $2440 investment in two days so that's not too shabby. Keep those apple option ideas coming SF!