did they break out the 1 time charges??
SIRIUS XM SATELLITE RADIO FORUM
did they break out the 1 time charges??
Thanks SoCal. That was a good one! I did it with Ford too. Bought at under 2, unloaded at over 8. I believe in investing in good companies that have good proven products. GE, BOA, Netflix, there are a bunch of good ones that you don't risk your life on.Originally Posted by socalrunningfool
But, then, there is always SIRI....man, it's been a long haul on this baby!
"300"
hey we beat the Reuters jackass by $.09!! ($-13 est- ha fascitious)
womder if malone gave up his controlloing interest?
there is nothing in the report thats going to pop the stock though, no big shocker, in fact if they said -.03 then thats worse than the estimates of -01 and -02, yeah some things are better but, still sub losses.
I doubt we get passed .60 and should see .45 within a month, imo, which seems to be wrong anyway, so why i even try who knows...
He did. I think Mel is confusing his salary with profit.
Right....w/o Howard, not going to pull a lot of existing subs to add on iPhone either. To me, the lack of iPhone sub success is about demographics. I'll bet most subs are older, not iPhone download types. That's why this is all about the automobile market. Some will say it's Pandora and Slacker, but I don't think so. If they get Howard to iPhone, then they'll see big increase in the $2.99 sub growth. Absent that, not much going to happen. It's all about satrad in cars, where satrad is the most efficient technology to deliver content everywhere you go. WIFI and WIMAX, etc, won't change that, at least for many years (infrastructure not built yet, other than in major cities).
Restructuring, impairments and related costs increased $27 million mainly due to a loss of $24 million on capitalized installment payments for the launch of a satellite, which are expected to provide no future benefits due to the counterparty's bankruptcy filing.
Well, lets keep an eye on insider actvity, obviously a bunch of executives have been dumping this issue and they may continue doing so.
This is the lead in for Dow Jones. I say we see mid .40s by Monday if not by tomorrow.
Sirius XM 2Q Loss Widens On Charges; Subscribers Count Drops
7:34 AM ET 8/6/09 | Dow Jones
DOW JONES NEWSWIRES
Sirius XM Radio Inc.'s (SIRI) second-quarter loss widened as the satellite-radio company reported $132 million in charges, while its subscriber count slipped and churn rose slightly.
extinguishment of debt and credit facilities of $108 million, and an increase in interest expense of $53 million, offset by an increase of $13 million in gain on investments. The loss on the extinguishment of debt and credit facilities was incurred on the full repayment of XM's Amended and Restated Credit Agreement and its Second-Lien Credit Agreement. Interest expense increased due primarily to the issuance of XM's 13% Senior Notes due 2013 and the 7% Exchangeable Senior Subordinated Notes due 2014 in the third quarter of 2008.
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