Just another SIRI day. I am not bashing. This was supposed to be the big day for SIRI. Too bad because I am Long on SIRI,but this is just crap. Where's Mel?So any other Stocks that are making money,Subs.down....OK,but that was expected. Wat a field day for the shorts....So far anyway.
Much of the 7 cent loss is a one time expense. Thus, investors should consider it accordingly. The loss is real in terms of GAAP, and thus it gets reported that way.Originally Posted by trippingthespeculatingpos
What does this mean? It means that those who understand why the loss was at 7 cents will have an advatage, as long as the company continues to improve their trend.
The headlines often create the sentiment, and this is one reason why you see the wild price swings.
You will likely see several articles dealing with the one time cost in the coming days
Tyler Savery
Satellite Standard Founder
Thats because the sub loss was not figured in by the analist. Look one only had them lossing 67,000 subs. You lose that many subs (400,000) there is going to be a hit to revenue. Just what for the next quarter to see that increase because as I screwed up in saying 1st quarter, forgetting that the rate increase did not happen till the end of it. I still think it will happen in the 2nd quarter.
oh yeah ben then i will sell the unicorn for a goodprofit too. see you then
Speaking as someone who writes headlines as a big part of his job...the AP's headline writer (and business writer) should both be shot for their story on the conference call.
IMHO.
That is true,because any objective reporting by someone who follows this comapny knows the whole story is they are turning profitable after 8-9 years of 6billion in losses..
Haven't you been in this stock for some time. I am sure you have seen how the MM misleads people. My god the AP article does not even mention that the loss from the bussness side was only .01 cent. I guess they felt facts would just confuse people.
u would think were going bk again the way the price is acting.
Yes your right John,just went back and checked,stupid me...
but this CC call IMHO sets sub's and FCF profitable back a couple of Q's,thought guidance would come in 2Q cc.with Auot's doing badly and with the lag in OEM shut downs and promos it won't happen till 4Q year end now.
Which to me puts anything over $1 share price off the table for this year now.
yes,but at least it is jumping in .03 to .05 increments.intra...
1mil buy at .40
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