SIRI INTRA DAY thread THUR MAY 7th 2009

[trippingthespeculatingpos]

hmmwonder where we go from here ^_^

[stkdn]

I have to say that this is a very optimistic site. Just that today would have been one kick ass day if this stock would have just held flat. It is going to take another month at least, to get rid of this glitch.

[JohnnyIrishXM]

is brandon still writing that they will reverse the deal with the new authorized shares? LOL.....ok so according to you, and i believe you, they said they will pay debt with cash on hand. then this new authorization is for what? backpocket emergency issues? if what you said johnny is true, its not good news, its GREAT NEWS!!!!!!

The authorization of the extra 1 bil in shares i believe is for the scenario if Liberty converts preffered into common anytime in the next year and a half.
But also to pay off Liberty debt at a premium for the additional 9% of common they can aquire per investment agreement,which if i were libertry,wouldn't you want to buy it now at this sp than later at $1SP..
yes it is great news..
P.S.yes he is still writing that line of thinking!!! LOL

[underway]

I have to say that this is a very optimistic site. Just that today would have been one kick ass day if this stock would have just held flat. It is going to take another month at least, to get rid of this glitch.

I don't think it will take that long to rebound. The street will start to absorb these numbers, and realize the knee jerk reaction was overplayed. I bought another 40k shares. Now let's see it sink in and then react upwards. May even do some rebounding this afternoon.

[underway]

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.

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

What I don't comprehend is why the earnings press release and the CC didn't emphasize this one time charge???? That should've been front and center. Makes no sense to me. Are you sure it's a one time charge? They booked the entire interest to Liberty for 2009 in Q1? Is that what you are saying?
If this is all true, then they need new PR people!! Who the hell does that? Companies ALWAYS explain one time charges up front, because everyone knows that the Street ALWAYS looks ahead and loves charges that are booked and gone. What's the f'n deal?

[Siriustunes]

would it be too much of a stretch to think that the (.07) number is being used as a scare tactic to enable the slugs to buy in on a panic sell?

Because I too have not a clue why a one time adjustment is not getting more positive spin. Unless it is not a one time adjustment and the Liberty equity will cause havoc for several quarters.

someone smarter than me please shed some light...

[JohnnyIrishXM]

would it be too much of a stretch to think that the (.07) number is being used as a scare tactic to enable the slugs to buy in on a panic sell?

Because I too have not a clue why a one time adjustment is not getting more positive spin. Unless it is not a one time adjustment and the Liberty equity will cause havoc for several quarters.

someone smarter than me please shed some light...

They did emphasize one time cost,but remember most of the stories were printed and put on-line before CC.they saw raw report and saw (.07) and ran with it.as in most on-line reporting they copy from each other and regurgitate it over and over,wait a few days and you'll see better more indepth reports..

[underway]

They did emphasize one time cost,but remember most of the stories were printed and put on-line before CC.they saw raw report and saw (.07) and ran with it.as in most on-line reporting they copy from each other and regurgitate it over and over,wait a few days and you'll see better more indepth reports..

Johnny.....do you know what the one time cost is? I don't recall hearing it on the CC, but easily could've missed it. thanks. But, even if they did mention it on the CC, why the hell didn't they include it in the first paragraph of the press release? Seems strange to me.

[john]

bassmaster, I am pissed I thought the quarterly report was really good. Because of that I missed a sell at .53, .54 (had one in at .615) and a rebuy at .43. I mean holy crap anyone following this company for a while knows the fact that they only lost 3.6 million in FCF for the first quarter should have been big news. That is as close to being FCF positive as they have ever gotten. Look at what they lost last year what 311 million in FCF for the first quarter. On top of that it is like them making payments on the princble of that debt (not the just the interest mind you but princible). They did that and only lost 3.6 million in FCF, that is amazing.

[JohnnyIrishXM]

Johnny.....do you know what the one time cost is? I don't recall hearing it on the CC, but easily could've missed it. thanks. But, even if they did mention it on the CC, why the hell didn't they include it in the first paragraph of the press release? Seems strange to me.

it was the liberty deal,30mil fee for helping us out(gee thanks) 25mil credit facility payment to liberty for loan Liberty took over,and fees for the shares to debt...they stressed EBITDA as they should have at beginning,remember the CC is for analysts and they know about the one time cost..

P.S. forgot increased interest for Liberty loans..