*DJ Sirius XM Sees 28.4M Subscribers At End 2013 >SIRI
. Ê (MORE TO FOLLOW) Dow Jones Newswires (201-938-5400)Ê November 10, 2008 16:47 ET (21:47 GMT)Ê Copyright (c) 2008 Dow Jones & Company, Inc.- - 04 47 PM EST 11-10-08
Trading flat on low volume in AH........
Nov. 10, 2008 Market Close: $ 0.27
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The Motley Fool can't shut up!
Satellite Radio: Too Big to Fail
By Tim Hanson November 10, 2008
http://www.fool.com/investing/genera...mentsBoxAnchor
On November 10, 2008, at 4:59 PM, DemianBohemian wrote:
Yet another worthless Motley Fool article mentioning SIRI...
The Motley Fool recommended XM as a stand alone company to their paid subscribers at over $30 a share and have been bashing the combined company down in the pennies day after day. What kind of pump and dump operation are they running? It's quite amazing that they release so many articles day after day with the SIRI ticker symbol in them. They have lost all credibility and are now fishing for hits.........
You can read all of the above here:Originally Posted by Demian
http://files.shareholder.com/downloa...%20Release.pdf
EVEN THO Q3 VERY GOOD AND VERY POSITIVE...
THE WORLD WANT TO HEAR THE WORDS...
WE HAVE REFINANCED THE DEBT FOR 2009 ..
WHEN THOSE WORDS ARE SAID WE POP HUGE..
http://www.reuters.com/article/marke...0081110?rpc=44
UPDATE 1-Sirius quarterly loss narrows, affirms outlook
Mon Nov 10, 2008 5:11pm ES
* Pro forma Q3 net loss in line with expectations
* Pro forma Q3 revenue rises 16 pct, beats expectations
* Adds 344,100 net subscribers in Q3
* Backs 2008 and 2009 outlook
NEW YORK, Nov 10 (Reuters) - Sirius XM Radio Inc (SIRI.O: Quote, Profile, Research, Stock Buzz) posted a narrower quarterly loss on Monday as an increase in subscribers boosted revenue, despite slower demand for satellite radios from the troubled car industry.
Sirius XM, whose stock price has plunged below 30 cents on concerns about subscriber growth and its ability to repay debt, said its pro forma third-quarter loss was $217 million, or 9 cents a share, compared with $265.5 million, or 18 cents per share, a year ago. The pro forma figures assume that Sirius and XM were one company a year ago.
Pro forma revenue rose 16 percent to $613 million, beating the average analyst forecast of $575 million, according to Reuters Estimates. Wall Street was expecting earnings of 9 cents per share.
Sirius said it added 344,100 net subscribers in the quarter, ending the period with 18.9 million subscribers. That is an increase of 17 percent from one year ago.
Sirius is considering a reverse stock split in an effort to lift its depressed share price and avoid the risk of being delisted from the Nasdaq stock market.
Last week the company said it expected the auto industry's troubles to harm its results. Sirius said it expects to end 2008 with 19.1 million subscribers, and end 2009 with 20.6 million subscribers.
It remains confident, however, in its revenue and adjusted EBITDA guidance for 2008 and 2009, which did not change.
Sirius said its net loss for the third quarter was $1.93 per share. (Reporting by Franklin Paul, editing by Gerald E. McCormick, Richard Chang)
Did anyone else pick up the the comment that Mel made, more than once, that the Feb debt has been reduced to $210 million, not the $250 million we had previously heard?
Excuse me for cross posting this.
When did the other 40 million happen?
It must be documented in the new sec forms that haven't been filed yet...
Most likely cash payment
Why do you say that?
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