People are not even factoring in that last qtr was one of the worst since WWII and Sirius did not fold up the tent. If you do not put the results into context they are bad. All the boo birds think Qtr 1 2009 is going to be more of same.
I agree, and Mafea (sp) said on cnbc that they are already working on the 2010 debt (within a few months it will be done) he also said we (i think he said we, which would be good because he's taking "ownership" of the companies business) anyway, he said we will be able to add new subscribers relatively cheaply!!!!Originally Posted by trippingthespeculatingpos
Here's my rookie take on what the MM's are up to this morning.
Post .24 premarket to peak interest. Notice the very first trades.
08:00 $ .17 400
08:00 $ .164 600
08:00 $ .16 1,910
07:59 $ .15 101
07:38 $ .17 400
07:38 $ .16 100
05:28 $ .24 100
Perhaps 101 @ .15 was the signal for the desired low and the 2 blocks of 400 at .17 was the desired high. Notice that when the stock hit .1697 there were suddenly 100 share blocks, larger share blocks sold and then a pull back. I don't know what it means for regular market hours but it appears to be a pattern for pre-market.
OK........No problem here, It's not in my best interest to prolong a emotional argument.
But concider this, the last quarter was supposed to be their better quarter due the the holiday selling season. It will be this coming quarter that will be the worst of the lot traditionally speaking. It will be this coming quarter or the one we are now in that will reflect the low SAR in autos and the breakdown and reorganization of their retail efforts.
Stocks trade on future business, not past.
That's all I wanted to say. That's all there is to say.
4th qtr is supposed be a good quarter for all retailers, but this was not the case for any1, its not a siri centric problem its an economic problem that will get better before the end of the year, car sales will start rising again by end of year you heard it here first.
MM's seem to have this one well in hand. Pretty classic stuff..
Sounds good to me. Seems like thats what happened. Trying to figure out what these sneaky pete's are up to is harder than working a rubics cube while chewing on cactus buds and drinking shroom tea
...and eating the worm!!Sounds good to me. Seems like thats what happened. Trying to figure out what these sneaky pete's are up to is harder than working a rubics cube while chewing on cactus buds and drinking shroom tea
This one's pretty text book though. They're gonna take this down..just don't know how far. Hey, if this SP moves up and inhabits the .15's when all's said and done, I'd be happy and call it a moral victory for the company...
its just some profit takers will shake off the weak hands are selling on this tiny move and then back up we go. remember we still got the cc tommorow
Another BS misleading article from the Dow Jones and Marketwatch. Read the comments below.......
http://www.marketwatch.com/News/Stor...&siteid=yhoof2
Sirius XM loss widens; posts pro-forma operating earnings
By Robert Daniel
Last update: 5:28 a.m. EDT March 11, 2009 Comments: 4
TEL AVIV (MarketWatch) -- Sirius XM Radio, (SIRI:0.15, +0.00, +2.0%) the New York provider of satellite-radio services, reported late on Tuesday that its fourth-quarter loss widened as revenue more than doubled. On a pro forma basis, the company reported adjusted operating earnings for the first time. The company was formed in late July by the merger of Sirius and XM. The loss was $245.8 million, or 8 cents a share, compared with $166.2 million, or 11 cents, in the year-earlier quarter. Shares outstanding more than doubled to 3.16 billion. Revenue totaled $622.2 million compared with $249.8 million. Pro forma operating earnings were $31.8 million compared with a loss of $224.1 million a year earlier. Pro forma revenue rose 16% to $644.1 million from $557.5 million. At the end of the quarter, the company had 19 million subscribers compared with 17.3 million at year-end 2007. "Despite challenges in the overall economy and in the auto sector, we look forward to continuing to deliver on the synergies of the merger," Chief Executive Mel Karmazin said in a statement. Sirius XM also said that it closed the second and last phase of the planned investment by Liberty Media Corp. (LINTA: 2.74, -0.06, -2.1%) "These transactions resolve the uncertainty surrounding" the debt of the parent and its subsidiaries that matures in 2009, Karmazin said.
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Comments
There are 4 comments
Important Update 3 hours ago +5 Votes (5 Up / 0 Dn)
The loss is becoming less not more. This article is false. It is based on the WSJ false facts that have been retracted already. Sirius XM is a combination of Sirius and XM. This article is stating the lost of Sirius but not the lost of XM for 2007. I don't know if the writer is just trying to beat down the SIRI stock or if they are just trying to reprint what the WSJ has already retracted. Either way it is criminal. Media is to provide truth and clearity of the facts. Come on now, is getting sued the only way a media outlet can increase revenue and get into the lime light now a days!
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birdman264 2 hours ago +5 Votes (5 Up / 0 Dn)
FWIW, this article is wrong. I hope the writer on the other side of the world is paying attention to the comments section.
The $245 million loss was the for XM and Sirius combined in Q4 2008, however the $166 million is the loss for just Sirius in Q4 2007. The combined loss in Q4 2007 was actually $405 million.
Wall Street Journal got this wrong too, but since pulled the story.
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MiiToo 2 hours ago +2 Votes (2 Up / 0 Dn)
Who wrote this c***? Did you even read the financial reports? Was your last job at the "National Inquirer"?
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VFCsHouse 1 hour ago +2 Votes (2 Up / 0 Dn)
Gotta love how every other report is titled, "Sirius XM loss narrows" except for these clowns. agenda? i wonder.
http://vfcsstockhouse.blogspot.com
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