Nice find. Interesting. Lot of information to go over today. A few more puzzle pieces will come in within 2 months now. Getting very exciting. July looks to be the launch area from Iphone. Expect Q1 report or sooner to have DirectTV tie in announcement. Should be no huge delay with this. Malone will want to capture momentum, and keep it positive till terrible Q1 comes out.Originally Posted by Brandon Matthews
maybe i was good luck asking for .25 this week.... so i think ill ask if u think we can get to .29 for more good luck haha
I think it is assumed that Q1 will be awful. If auto sales however begin to pick up , it will more than offset any negatives in Q1. I was at home depot this weekend, and could find ZERO parking...Spring fever brings with it a renewed spirit. Any positive oem data will be looked upon as beneficial to siri...
i heard on fox news car sales are up alread yesterda, dont know how valid that is but supposedly because of the tax breaks for buying a car buying has picked up.
I disagree Brandon!!
1Q will be very good for SP, as it should be Positive EBITDA and also VERY positive FCF,even with downturn in auto sales and probably NEG sub adds.
Rev's should be excellent also ,along with more cost cuts factored in...
JMHO
Don't kid yourself. Net subs will probably decrease on the economy and auto sales.
We already KNOW (as in FACT) that auto sales will have resulted in very few new subs. We can assume retail will again be a net negative as well. The current churn rate all but guarantees a net loss in subs in Q1. Having said that, the street knows this already...
brandon car sales will get better, its already happening, you will see the sub groth starting to return in q2
I meant a negative sub decline,probably in the 100k range,which is remarkable in this economy that Sirius's bottom line will grow at high percentage..
in 1Q.
I find this piece of the Fortune article interesting:
"Asked about Maffei's musings, Karmazin doesn't want to be pinned down. "We could also have 130 more audio channels," Karmazin says. "We could go to Wal-Mart (WMT, Fortune 500) and say, 'Hey, Wal-Mart, how would you like to have a channel that's just for you?' We could say, 'Hey, Mormon Church. How would you like to have a channel?'"
Does anyone think they are currently working on something with Wal-Mart behind the scenes or am I reading too much into this?
http://www.wilx.com/news/headlines/41186242.html
What would it take to get you into a brand new car? That's the question federal and state governments have been asking since the downturn of the auto industry. Now, the Michigan Senate thinks it has the answer.
"It's great news," Ralph Shaheen said. "It's actually a bill that will affect the consumer directly."
Ralph Shaheen of Shaheen Chevrolet has been following the bill closely for obvious reasons.
"It should stimulate car sales," Shaheen said.
So, how would it work? Currently if you buy a new car in the state, you pay six percent sales tax, but under the Senate's plan passed Thursday, if you bring a trade-in with you, you'll get a break on the new car's sales tax.
"So your not paying double sales tax, your trading in something of value that you already paid sales tax on," Shaheen said.
Co-sponsors of Senate bill 0201 said this is different than other attempts to boost new car sales because this incentive, they said, is immediate and puts money in your pocket right away.
"People are on a budget, we all are," Shaheen said. "It does make a difference, it allows people to buy more vehicle and pay less monthly."
Used cars have outsold new ones for months now, and Shaheen hopes this might be enough of an incentive to change gears.
"I think it would help new car sales, if it evens the playing field or not I don't have a crystal ball for that," he said.
The future of the industry and the bill are still uncertain, the legislation now heads to the Michigan House.
A non-partisan fiscal analysis shows this bill wouldn't lead to any meaningful boost in new car sales.
The "Michigan Automobile Dealers Association" disagrees -- saying it could be exactly the incentive needed to get customers back to the showrooms.
