I still believe in Mel to bring SIRI FCF positive in 2009. Will wait to offload half of my position for that moment when RED ink is removed from the BS.
SIRIUS XM SATELLITE RADIO FORUM
I still believe in Mel to bring SIRI FCF positive in 2009. Will wait to offload half of my position for that moment when RED ink is removed from the BS.
Last edited by Far Away; 03-08-2009 at 12:48 PM.
I beginning to doubt this a bit, maybe by Q4 of 09. This satellite lauch they will go through with, which i was hoping they would scrap, but as Homer or someone else mentioned would cost them almost as much to scrap now and not go through with it, will severly hurt this chance. However, Mel knew of this launch, mentioned the launch, and still projected FCF for 09 anyway. His "low ball" car sales estimate is turning out to be wishful thinking in retrospect, so I would assume a surge in app. subs, internet money, and lifetime subs, Best of, and sales of the interlopal radio might offset this weakenss in autos. Partnering and packaging with DirectTV may help as well this year. I would like to see a plan for once from this company. If Mel has no plan in 2 quarters, and the stock price still doesnt get off the matt, I will reconsider my investment in this company at that time. With no plan, no strategy, or effective marketting, I would lose faith in current management, and hope that Malone will help with this having now 2 BOD seats. As they can axe any new infusion of capital, I would think they need to appease their new masters. And these new masters are Masters of Satellite TV. SiriusXM is the undisputed master of SATRD. Lets see what the two combined powers can do together. They get 2 quarters to dazzle me, and I am being BEYOND FAIR with that time frame. No dazzling by then, R/S coming, I will remove my position till POST R/S at that time. Mel cannot play the stock price anymore, he cannot play the stockholders anymore, hes simply out of time. He needs to play the media, the market, and the product now. I want to see Mel's smiling face talking every week about something. I want PR to explode from this company. I want to see their image redefined, and packaged slick, sexy, and innovative. they need to capture the new consumers, before they forget about how superiour the delivery system and content of SiriusXM really is.Originally Posted by Far Away
relmor,
Nor do I start rumors harmfull to my position, based on zero evidence. Nor do I trust my CEO. Since cos1000 does, he should have never invested in this stock, as BK was warned since Q3.
even in opening a threa that is titled "Lets use logic and clear heads when investing, not rumors and emotions" you can't leave me out of it. Whether or not I trust Mel (my CEO) is not something that you would know about me... Instead if you have followed my posts you would know that I have rated this stock in 2 ways.... "zero gravity", and "show me" neither of those ratings indicate that I have much trust. Further in opening a thread to discuss the 12b-25 and whether or not we should be concerned about BK, I also displayed little trust for Mel. On Friday, Feb 27th when I sold shares because of Mel not putting out a date for a CC, I again showed little trust. When the 12b-25 was filed on Monday, March 2nd, I posted on SA that I was concerned and what did everyone else think about the situation.... That Post along with all others were Censored and Removed..... But TRUST for a silent management is not what I would characterize as my feeling for management.
As far as Investing in Sirius Xm, I have and will continue to inspite all of your advise..... I got out at just under .14 and got mostly back in on Wed and Friday at low .13 and .145. Now I am not concerned about BK and I did what I thought I needed to to protect myself from what I thought would have a negative impact on my investments. As I have in the past, because I do post so many opinions, I fully disclosed my actions and why I took them. I really do not care if you agree with them or not.... I don't post for your approval.....
As for your use of logic and non emotion..... I enjoy reading your posts because they are entertaining and emotional.... I logic of them to someone else.... have a Great Day, enjoy the W/E with NO FEAR............
Mel has failed to dazzle me with how hes handles my stock. Hes failed miserably in achieving merger value for stockholders. Hes failed miserably in advancing the product to phone apps, etc...
Hes failed at luring huge money into buying into this company(No MSFT, No APPLE, No AT&T, No Disney, etc...) Liberty is all he got, and he got swindled in that deal. He has failed to produce the interlopal(spelling sorry) radio in a timely manner. He has failed to renegotiate one contract. He has his hands full now. He ruined the stock price, and got his buddies low buy ins. He got his deal with Liberty, and he saved his job. Now Mel do your job.
1. Marketing. Your marketing is no better than a dollar stores I see down the street. Pretty sure around the same budget as well. You get a pass in this regards till now. But today, March 7th, I see no changes as of yet.
2. Phone apps. Iphone app. should be done, today March 7th. Whts the hold up?
3. Why havent you leased out the bandwidth yet to "minority owned radio companies yet?" Do you not like money? Mel, let me explain what money is. Its not "printing shares and giving them out". You obviously went to the same business school as Bernanke. Its actual "work units" someone has decided to convert to invest into your products. Its a dollar bill. Not a "stock share you sold". Dollar bills have dead presidents on them, and come in green, and now red and other shades. They even come in shiny coins sometimes. Learn what a "dollar" is, and you will do much better.
You better have a good reason why your FCC mandated leasing hasnt occured yet. So either your inept as a CEO, you dont like money, or you have a secret reason yout not telling us. No more secrets Mel. The street doesnt like secrets. Apple doesnt have any secrets. Its LOVES THE BUZZ NEW PRODUCTS GENERATE. Its called "suspense". Learn about it. You cant be suspensefull about a siriusxm product, new content, or anythign else, if you dont let there be. So this CC you need to dazzle me, or your worthless butt better be resigning. Tired of your lame excuses why you had to do this and that. Your terrible Malone deal doesnt buy you support with me, id didnt then, and it hasnt now. Show me why you "are a contrarian" with your thinking. Why did you do this "terrible deal". Why did you turn down the Ergen offer? What was the Ergen offer? Why do you deserve to be our CEO? What have you accomplished since youve taken over? Give me one good reason why Malone shouldnt take over tomorrow? I cant think of any.
Its water under the bridge man. I send you a private message. I apologized for commenting on your trade. I told you i was angry with Brandon writing the article, and got carried away. I might write off emotions, but I dont trade on them. If I traded on emotions I would have sold at 3.20 instead of .92 cents. I decided that logically the combined market cap of these two companies cant possibly be lower than them seperate(what an idiot I was for that logical trade, LOL) Logic made me sell out at .92 cents. 85 cents, then sold more at .42 cents, and was completely out by .36 cents. I started rebuying and selling from there, and have been up since that time. Using logic not emotion, I was able to save over 10000 dollars of money from not being emotionally attatched to this stock. I didnt do as well as others, but better than some. I have a gap of .36 to .14 cents where I owned no shares, and a gap from .85 to .42 where I saved half my position. My decision to begin selling off was based more on MM manipulation, and no communication from my CEO than anythign else.
Last edited by relmor2003; 03-08-2009 at 01:39 PM.
relmor2003, cos1000...
Is the company required, or is it typical, to announce the execution date of a R/S in advance of it happening? My company has always announced stock splits in advance, but I have not ever been through a R/S. Second: I get the feeling that from a 'traders' perspective, it would be better close position, hopefully LOL on peak, just prior to the R/S, then watch to see when to get back in??
Having never held a stock during a R/S, I think someone who had said once there is a desire for "short to cover" prior to this happening. I would think after this announcement, it then might receive a temporary run up for a bit. Then I would close. Or at least get your trigger finger ready at that point. I want to see the first few days of the R/S trade before I decide to own this stock after the split. But as it feels closer to that day, I will research and dicuss past R/S events with other memebers, and we can formulate a strategy. I would lean more on Homer, and John for information on this topic than me.relmor2003, cos1000...
Is the company required, or is it typical, to announce the execution date of a R/S in advance of it happening? My company has always announced stock splits in advance, but I have not ever been through a R/S. Second: I get the feeling that from a 'traders' perspective, it would be better close position, hopefully LOL on peak, just prior to the R/S, then watch to see when to get back in??
If your looking for an example of a r/s look at Sun Micro currently trading as JAVA. If memory serves me they did a 6 / 1 r/s and now they are back to a pre split price. Sun always seemed to have their problems but was also always on the verg of making money :-(
relmor, its all good with me..... we had a tough week and we had differing opinions on how to trade the events.... if I offended you personally, I too apologize... If I upset you with my difference in opinion.... then... oh well....
my having to get back in at 1/2 penny more was the insurance I paid.... It is time to move on to the next phase of investing in Sirius Xm.....
Will we have a run up to the report? Will they release numbers early? We do have to remember that this report will not have any of the current transaction data in it. It will be a report on the 4Q and the 2008 annual. Will they give guidance on the 1Q given that there will only be 2 weeks until the end of the quarter? How will that effect the price? These are the questions we will have to get answered in short term....... Longer term execution on the business plan and excellent customer service, with a more agressive Internet and Retail chain campaign should be in the cards....
Yes, lets get back to some better analysis. More postive outcomes, and Finally stop talking about BK issues. YAA!!!!! No, cos1000, ill tell you now, I am UNOFFENDABLE. No worries with me, my only concern was with whether I offended you with my unwarrented personal attack on the trade angle you made. My comments about your thread are in the past as well, but still accurate.
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