DemianOriginally Posted by Demian
You keep writting about SIRI being flat most of the day or at closing.
My question is: Couldn't this be caused by the 3 billion or so float. I have watched many (pick a number) large transactions go across the ticker that haven't even caused a blip in the share price. This is one reason that I am more against the added dilution mentioned in the SEC filing than I am against a reverse split.
J56D: But at least they can sell dilution to pay off debt instead of refinancing (and keeping debt AND paying interest on them), but I really don't want either one to happen either.
NO WORRIES MON
THIS STOCK WILL NOT HAVE ANY REAL MOVE UNTILL WE HAVE A CLEAR OUTLINE OF DEBT AND SYNERGIES WITH NUMBERS TO BACK THEM UP... WE WILL GET SOME OF THAT INFO ON MONDAY
SIRIUS THE STOCK AT END OF DAY DROPS 2 CENTS THATS THE TRADERS THAT BUY IN THE MORNING THINKING THE STOCK WILL RUN 5-6 CENTS THEN SELL TO CLOSE POSITION AT END OF DAY, AS THEY WONT HOLD OVER NIGHT. NOTHING MORE THAN THAT..
Newman:
I still feel that paying interest would be better than added dilution. Especially the dilution that they want shareholders to approve. I am voting no because I just can't find it in myself to trust Mel and the rest of the board anymore. Paying interest may also force a bit of fiscal responsibility on them. At least I would hope so.
The Motley Fool cannot stop talking about SIRI...
http://www.fool.com/investing/genera...ooks-back.aspx
Sirius XM Radio (Nasdaq: SIRI) is talking to financial institutions to help refinance next year's problematic debt repayments. In doing so, the company is going public with its five year projections for subscriber growth, revenue, adjusted EBITDA, and free cash flow. The big news is that over the past two months, the company has shaved 0.9 million members from its original target of having 21.5 million subscribers by the end of next year. However, seeing the combination of growing rolls, revenue, and cash flow metrics paints an encouraging picture of a stock that has been battered by negativity. Has Sirius XM bottomed?
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On November 08, 2008, at 3:35 PM, DemianBohemian wrote:
The Motley Fool continues to post articles with SIRI mentioned in them on an almost daily basis - fishing for hits to their worthless website. They have been bashing SIRI for months now down in the pennies after recommending XM as a stand alone company to it's paid subscribers at over $30 a share!
Sounds like a pump and dump scam to me...
It would be great if SIRI could find a way to get the stock price up, then dilute less to pay off debt. Then buy back shares with the money that would have been used for interest payments when the price falls. Price goes back up. 0% interest loan. Sweet.
http://news.cnet.com/digitalnoise/?t...t;overviewHead
November 8, 2008 12:32 PM PST
Sirius-XM channel merge begins next week
Posted by Matt Rosoff
I've expressed my lackluster opinion of satellite radio before, but it has a lot of passionate fans, particularly people who spend a lot of time in the car and enjoy hearing music, as well as news and sports.
The combination of Sirius Satellite Radio and XM Satellite Radio has more than 19 million paying customers and still expects subscriber growth, even in the worst economic climate in 80 years, though it's warned that the drop-off in car sales could hurt.
Sirius and XM combined operations in May, and according to Rolling Stone magazine, the two systems will begin merging their channels beginning Wednesday.
There's been no official word from the companies on what the new channel lineup will look like, but apparently, many music stations will be merged--there's no need for two stations featuring music from the 1950s, for example. Somebody on Saturday posted a purported lineup for existing XM subscribers on the Digital Radio Central forum. Take it with many grains of salt, though it apparently maps somewhat to an advertisement that appeared in USA Today.
There will also be new subscription offerings for each system--for example, XM subscribers can pay about $4 extra per month to get Sirius content like Howard Stern and the NFL.
Apparently, all existing XM radios will be able to get this Best of Sirius package, while only the recently released Sirius Starmate 5 will be able to get the comparable Best of XM package. The Starmate 5 will support a la carte options as well, letting users pick their favorite 50 or 100 stations for a lower monthly fee.
Yet another worthless SIRI Motley Fool article..........
http://www.fool.com/investing/genera...wCommentAnchor
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On November 08, 2008, at 6:45 PM, DemianBohemian wrote:
Yet another worthless Motley Fool article mentioning SIRI...
The Motley Fool recommended XM as a stand alone company to their paid subscribers at over $30 a share and have been bashing the combined company down in the pennies day after day. What kind of pump and dump operation are they running there?
Another article that incorrectly sites $300 million, instead of $250 million in Feb.'09 debt.......
http://www.msnbc.msn.com/id/27632590/
Three months after merger, Sirius XM struggles
Satellite radio company faces $1 billion debt, hurt by lagging car sales
Billboard
updated 2 hours, 59 minutes ago
DENVER - Barely three months after the long-delayed merger of satellite radio companies Sirius and XM, the newly combined Sirius XM Radio is struggling to stay afloat.
The company has just another three months to start paying down more than $1 billion in debt that's maturing in 2009 at a time when credit markets are freezing up. It remains heavily dependent on automobile sales for new subscriber additions just as U.S. car sales are tanking. And its stock price is in a yearlong free-fall that has sparked an investor lawsuit.
For the music industry, the fate of Sirius XM looms larger than before. Under a U.S. Copyright Royalty Board decision made last December, satellite radio broadcasters like Sirius XM pay performance royalties for sound recordings based on a percentage of adjusted gross revenue. That means the better Sirius XM does, the more money labels and publishers make.
That rate currently stands at 6 percent and is set to increase by half a percentage point every year until 2012, when it will reach 8 percent. Neither SoundExchange — which collects those fees and distributes them on behalf of the music industry — nor Sirius XM will reveal exactly how much the company is paying in royalties. According to Sirius XM's quarterly reports, the company paid out a combined $92 million in revenue-sharing and royalty payments during the first half of 2008. That includes payments to SoundExchange and other partners, like equipment suppliers.
But while the music industry is poised to collect a growing percentage of Sirius XM's revenue, that revenue is in trouble. Subscription fees account for about 95 percent of Sirius XM's revenue. To increase income, the company needs to add subscribers and squeeze more revenue out of existing ones. The company reported 18.6 million subscribers as of June 30, up from 15.3 million for Sirius and XM combined a year earlier.
But Wall Street is deeply pessimistic about the road ahead. On Nov. 3, Merrill Lynch analyst Jessica Reif Cohen cut her previous forecast for net subscriber additions by almost 50,000 for the third quarter to 409,000 — which would represent a 51 percent smaller increase from the same period last year. She also cut her third-quarter revenue prediction for 2008 to $611 million, up from $528.8 million a year earlier but down $7 million from her previous forecast.
Slowing auto sales are driving some of the problems, since about half of Sirius XM's current subscribers — and about 80 percent of new subscriber additions in the second quarter — received satellite radios when they bought new cars.
A Sirius XM spokesman says that will be offset by an increase in the number of cars carrying its receivers as a factory-installed option. Its penetration rate among Mercedes-Benz vehicles, for example, is nearing 90 percent.
The company hopes to attract new subscribers by adding short-term, artist-specific channels dedicated to the likes of AC/DC and Led Zeppelin, which a representative hinted would be an ongoing initiative.
In the meantime, the company faces urgent financial challenges, in particular the $1.1 billion in debt that will mature in 2009, about $300 million of which is due in February. That, among other concerns, has caused the company's stock price to fall from a 52-week high of $3.94 per share last December to 26 cents on Friday. Meanwhile, a group of 500 shareholders dubbing themselves "Save Sirius" filed a lawsuit seeking to remove the board and CEO Mel Karmazin.
Ever the pitch man, Karmazin spoke at Nielsen and Dow Jones' Media and Money conference in October, insisting that Sirius XM is "one of the top 25 media companies today" and predicting that it will be "the most successful company in the audio entertainment industry."
Should that come to pass, the music industry stands to make a decent buck. But in the present, there's not much to count on.
Advertising............
http://www.nytimes.com/2008/11/10/bu...a/10addes.html
¶Sirius XM Radio, New York, named the Birmingham, Mich., office of McCann Erickson Worldwide, part of the McCann Worldgroup division of the Interpublic Group of Companies, to create campaigns that promote Sirius XM radio to owners of new and used General Motors vehicles. Spending was estimated at more than $10 million. The assignment had been handled by another Interpublic agency, Campbell-Ewald, Warren, Mich.; both agencies create campaigns for cars sold by G.M.
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