Keysmark,Originally Posted by Keysmark
Good morning....
It doesn't mean the shares were purchased yesterday - it's just when they were reported. There is no way to know when the shares were actually purchased or if they have been sold since then.
Rally today as shorts cover prior to Conference Call.
I, too, am not a financial advisor. I just have nothing better to do with my life than watch this stupid stock.
You are correct. But it does show that the most recent institutional activity is to the buy side.
It also shows that institutions CAN buy this stock under $5.00
Keysmark,
I agree with you that it is a positive...
Wow!
AAPL is getting killed today.......just broke $96.
Demian, Have you noticed the relatively big spread between the bid and ask today: Currently .2819 to .2839.
I have noticed that.......I think it's going to move today.
Needs to break .29..........
Pivot Table
R2 - R1 - Pivot - S1 - S2
0.37 0.32 0.29 0.24 0.21
Last edited by Demian; 11-07-2008 at 11:22 AM.
SNPMarketScopeResearchNotes2008-11-06 11:16:11.000SIRISIRIUS XM RADIOT. Amobi - CPA, CFAS&P MAINTAINS BUY OPINION ON SHARES OF SIRIUS SATELLITE RADIOSIRI sets its most detailed post-merger L/T financial targets yet, with annual forecasts for next 4 years. For '09 through '13, it sees subscribers of 20.6M growing to 28.4M, revenue of $2.7B-$4.1B, adjusted EBITDA of $0.3B-$1.5B and free cash of breakeven-to-$1.4B. We note '09 implies unit deceleration from SIRI's prior view, not surprisingly attributed by SIRI to sharp auto sales slowdown. But we think enhanced L/T visibility bodes relatively well for ongoing merger integration. We see potential overhang from debt refinancing, with Q3 results set after market close Nov. 10.|US;SIRI|20706|253970
I think this is good news. This basically tells me that all the bad news are already priced into the stock. Am I right ? unless they underperform ?
http://seekingalpha.com/article/1047...o?source=yahoo
Earnings Preview: Sirius XM Radio
November 07, 2008 | about stocks: SIRI
Sirius XM Radio (SIRI) is expected to report Q3 earnings after market close Monday Nov. 10, with a conference call scheduled for 4:30 pm ET.
Guidance
Analysts are looking for a loss of (9c) on revenue of $587.41M. The consensus range is (13c) to (7c) for EPS, and revenue of $509.61M to $618.9M, according to First Call. On November 6, the company said that current economic conditions, particularly the dramatic and recent slow down in auto sales, have negatively impacted subscriber growth for 2008 and 2009. The company expects to end 2008 with 19.1M subscribers and end 2009 with 20.6M subscribers. The company, which forecast FY09 revenue $2.7B vs. First Call consensus of $2.01B, said it remains confident in its revenue and Adjusted EBITDA guidance for 2008.
Analyst VIews
Barrington Research analyst James Goss says that the biggest issue weighing on the stock is the threat of refinancing debt in "hostile market conditions". While the company appears "confident," Goss says "it's not entirely under their control". The company, facing $1.1B in loan repayments in 2009, is looking to replace 2.5% convertible notes due next year.
Aside from the troubled auto industry, Sirius has also been hit hard by competition from other media and a slowdown in consumer discretionary spending. Merrill Lynch analyst Jessica Reif Cohen believes between the auto market and the credit market, the company has real challenges ahead, but if the company is successful in renegotiating its debt and if auto sales should turn around, she and other analysts could be more optimistic on the stock.
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