I gotta run for today but I just bought annother 10K sh @ .1510. I think this release keeps has us moving up into the .15's then hopefully higher in time..Originally Posted by trippingthespeculatingpos
SIRIUS XM SATELLITE RADIO FORUM
I gotta run for today but I just bought annother 10K sh @ .1510. I think this release keeps has us moving up into the .15's then hopefully higher in time..
More BS from DOW JONES... Do I have to spend all day on the phone getting them to fix shit again?
=DJ CORRECT: Sirius XM Radio 4Q Loss Widens On Merger Costs>SIRI
. Ê ("Sirius XM Radio 4Q Loss Widens On Merger Costs," published at 6:09 p.m. EDT, incorrectly stated the number of subscribers in the ninth paragraph. The correct version follows.)
DOW JONES NEWSWIRES
Ê Sirius XM Radio Inc.'s (SIRI) fourth-quarter loss widened on costs related to the merger of Sirius and XM Radio. Ê The satellite-radio company was perilously close to bankruptcy last month, before media titan John Malone's Liberty Media Corp. (LINTA, LINTB) lent it $530 million for a 40% stake. Ê Sirius XM, formed in July when the U.S.'s two only satellite-radio companies merged, faces a mountain of debt and has been hurt by the sharp downturn in U.S. auto sales, a large source of subscribers. Ê Filing its delayed annual report with the Securities and Exchange Commission, the company said its net loss widened to $245.8 million from $166.2 million. The per-share loss narrowed to 8 cents from 11 cents, reflecting fewer shares outstanding. Ê The latest results included $83 million in merger-related costs and a $15 million write-down of goodwill. Ê Revenue more than doubled to $622.2 million because of the inclusion of XM Radio's results. Ê Analysts' estimates were for a loss of 7 cents a share on revenue of $615.5 million, according to a poll by Thomson Reuters. Ê Operating expenses grew 54%, with much of the increase due to the merger. Revenue share and royalties jumped 82%, while customer service and billing costs more than doubled. Ê The company ended the quarter with 19 million subscribers, up 10% from a year earlier. Ê Average revenue per user was $10.24, up 1.9% because of the start of "best of" package sales and a lower mix of prepaid subscriptions from auto makers. Ê Subscriber-acquisition costs rose 13%, but SAC per gross subscriber addition fell 32% to $59 on lower retail and manufacturer subsidies. Customer service and billing expenses per average subscriber also slid 4% because of greater efficiency. Ê Sirius' shares rose 3.4% to 15 cents in after-hours trading. They have fallen 96% in the past year.
Ê -By Kathy Shwiff, Dow Jones Newswires; 201-938-5975; Kathy.Shwiff@dowjones.com
Good Luck sl62.......................
mornin' killer...and thanks. I saw some pretty good support @ .15. And the numbers actually were pretty damn good!! Overall I think this SP should at least be about .20 in the big picture..you??
I'll tell ya what would be nice...is if this SP starts wiggling a bit more intradays..better ranges. Gives us a chance to stay long but also make a few bucks on swing trades...
hasta la vista gents, bbl...good trades to all!
gadzooks now the share builder site is not working. (must be heavy traffic today)
cost me a trade.
volume already exceeds yesterday
Last edited by mogami; 03-11-2009 at 10:19 AM.
I thought it was just me...
nope cost me at least 2 chnces to trade
lets me log in but gets error when I try to go to my account
Last edited by mogami; 03-11-2009 at 10:55 AM.
Looks like we are sitting around .158 and holding. I would be happy if it stays here for the rest of the day, with a run-up at close in anticipation of the CC.
Anyone have some initial thoughts on the outcome of the CC? I know Mel will be hammered on the sub numbers and auto sales, but he should be able to put a positive spin on their positive earnings and removal of 09 debt, right? Is the general consensus that the SP will go UP after the CC, not down? Or is this one of those "nobody has any idea" situations!
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