I saw this in the filing:Originally Posted by john
"Other expenses increased by $159,815 or 72% as compared to 2007 as a result of higher interest expense and loss from redemption of debt during 2008."
Not sure what exactly the interest or how much was redemption of debt (I read redemption of debt to be bad debt write offs?). Not sure if it was really merger related costs, but it seems your 200 FCF estimate would have been accurate but for this unexpected cost.
I cant speak for Tyler, but my problem would be the piss poor first quarter that will make it unsustainable. It's like barely getting a first down only to go three and out on the next set of downs.
Well, when I took severance charges, I put them in the following quarterly and discussed it with the board. I knew about it, in other words.
I think what happened is that he did not expect the lowered sub numbers and was basing expense on a higher figure.
As for the future, it was after the fourth quarter that Detroit's numbers fell another couple percent. I think we are down to a 10 SAR. The major beancounters are now saying that there will be no recovery to speak of in late 2009, so they are pushing it all to 2010.
I could not take another year of red ink on my portfolio page. I had to yank the trigger. I broke even/steven. Maybe spent 10 bucks, I don't know, cuz I made a lot of buys to bring the basis down.
I thought about buying another financial for in the morning and then I saw the Senate on C-spam passing that bill and I cancelled the buy.
I guess I'll just watch and see what happens in the AM.
I feel real bad for the folks that could not average down as I managed to do. I don't know how much longer they can wait, but if they can wait a year, It might pay off. if I can buy back in at 11 or so, I may well put some aside for 2010.
Last edited by Wirestripper; 03-10-2009 at 10:50 PM. Reason: spelling
.1496 close at 4:00 pm
.1475 close in post market which closes at 6:30 pm
.157 close in pit trading which runs from 6:30 to 8:00 pm. These guys are the ultimate insiders.whi h 4.9% higher than the 4 pm close.
Cant wait till the morning
Gotta love the optimism! Sure do......
It might be because people did not expect them to have any COH. What do you expect after the MSM was saying they would go bankrupt because they could not pay the 175 million in Feb.
That was a single trade of half a million shares. It was the market makers setting the stage but it has not been working for several weeks. They run it up and allow some big trades in premarket for their buds. It's just business....
The 15.7 will then go below the line and from there I can't say exactly. But I suspect there will be a new entry point made in the low teens or tweens.
Guys...
Here's my problem with the AH action. We closed the session @ .149 and closed AH @ .157 (which was a sell cause the ask was .158). That's les than a penny! This type of pop (or not) is not the stuff of optimism. This reminds me very much like Q3. Same MM trick, cause then SIRI BEAT but the other stuff loomed. All I will say IMHO is that if the Street liked this, AH would have closed @ .19 ish. What bothered me the most is the surprise release. I swear as long as I've been in this game, the only time this happens is when there is something to hide. These things just look too suspicious to the Street. And to do it on the heels of the Maffei int. just looks worse. If SIRI would have stuck to their 17th statement, I was planning on holding through. This threw me for a loop. Now I'm not saying the SP is going to be taken out back but AH result does not bode well. I will be shocked tomorrow if this SP pops on this in a significant way. I hope I'm wrong. I'm not trying to be negative, and I don't want it to go lower. I will just as easily be buying back in this tranche @ .16 or .18 if I see good support. But just my opinion from experience. Maybe all that is out he window here since not much else is making sense either lately right??
OK Brandon..
So let's get your cards on the table here. So what are you predicting exactly? BK? When you say unsustainable, describe exactly the picture you expect to see resulting from Q1 from this company...I'm not trying to beat you up here and as you know, you're entitled to your opinion. I just want to be clear where you stand...I don't mean specific metrics. Just give me a few sentences of summation..big picture,if you don't mind. thanks.
even at these prices a few pennies one way or the other does not mean much cause u can buy a lot of shares at such a low price if u are bullish on the company.
i read entire Q report. the only bad news was the low subs for the 4Q and the loss of .08 vs the streets expected .07. i will watch the premarket trading. if up, it will open higher in the morning at 9:30 and then the number of buyers will trail off and then price falls around 11:00 a.m. and i will buy after that. if the above does not happen, i will not buy. i will also closely monitor the volume per trade to make sure the big guys are buying and not us joe6packers.
Wednesday afternoon we may see wall street pundits to publish their findings and recommendations. most certaintly they will publish their guidance Thursday late morning and afternoon after the conference. u can listen to the conference at the below address.
http://investor.sirius.com/
i sold at .10 125K shares and bot back 110K shares at .08 for a profit. i want to get back to 125K shares in hopes of one day selling the 2.50 call options. that is the only way to make back money.
it is possible we may have seen the bottom. the Liberty CEO says he will make sure the company can pay all debt when it comes due. that is our lifeline. if the company can make it past this year the positive cash flow will be huge. this remains a once in a lifetime opportunity to make enough money to change your entire life style. for me it means paying off on a waterfront condo in miami. that has been my strategy.
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