wait-wait . . his estimate of "sub losses" was off by like more than 30%, no?Originally Posted by john
SIRIUS XM SATELLITE RADIO FORUM
wait-wait . . his estimate of "sub losses" was off by like more than 30%, no?
I'm not selling any....holding all 350k shares for the ride....this thing is going to fly very soon. This Q2 report is very good. Even the naysayers and paid bashers will have a hard time supporting their BS with anything factual. Cramer's article yesterday was total crap: "I'd cancel the stock and give it to the debt holders"......what the hell does that mean? Moron.
This is what i was looking for in CC.
During the second quarter the company made improvements to its balance sheet including refinancing some of its debt at lower rates, extending maturities, and improving amortization schedules and covenants.
"These transactions have significantly improved the credit profile of the company, and we intend to be opportunistic in pursuing additional balance sheet improvements," said David Frear, SIRIUS XM's EVP and CFO.
Based upon the company's current plans, it has sufficient cash, cash equivalents, available borrowings under credit facilities and marketable securities to cover the company's estimated funding needs through cash flow breakeven, the point at which revenues are sufficient to fund expected operating expenses, capital expenditures, working capital requirements, interest payments and taxes. The company's projections are based on assumptions, which it believes are reasonable but contain uncertainties.
No CAPEX for now. If I recall correctly XMSR didnt finish (deffered payments) paying off the last one for almost 2 years after they launched it. That is why they had no FCF positive in the 4th quarter of 2007 after having almost 30 million in the 4th quarter of 2006. Siri was in about the same position with FCF in 2006 and had 80 million in FCF of 4th quarter of 2007. The reason XMSR gave as to why they had a bad FCF number was that they had defered much of its CAPEX till the 4th quarter of 2007. So excuse me if I am a little reserved on what is still left to pay off when it comes to CAPEX. I am just saying that kind of shit comes out of nowhere all the time.
Does anyone follow macroeconomic trends....they all suck. Back to school will be good for target and wally world...all other retailers are going to say good bye to the their sales. Unenjoyment is going to hit 10-11%+, in many areas its already there, the next few qtrs are going to blow! Christmas is going to be the death nail for many retailers. Our economy is screwed! I won't even mention housing or foreclosures. Our economy is 70% consumers and we buy most of our garbage from China....so if you want a good play short China, FXP. Short the dow DOG. Short the financials FAZ. Short everything. When this market cracks it is going to be ugly.
Here comes the take down! High 30s here we come!
TS: "we could potentially see the the subscriber count decrease by about 300,000 to 340,000."
SIRIUS XM ended the second quarter 2009 with 18,413,435 total subscribers, a decrease of 1% from the second quarter 2008 pro forma total subscribers of 18,576,830 and a decrease of 185,999 from the first quarter 2009 subscribers of 18,599,434.
300,000 + 340,000/2 = 320,000
320,000-185,999=134,000
134,000/320,000 = 42%
or 320,000 delta 185,999 = 41.88%
I would not be ether I just said that to relmor.
P.S. I said between 475 and 500 to be GAAP positive.
We are going to get dismantled on high volume...thats never good. No catalyst in the foreseeable futures...rot roh Shaggy!
anyone predict the close price for today? Will it be 0.40?
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