Sirius XM Adds 257k Net Subscribers in the Fourth Quarter of 2009
Today Sirius XM announced that it ended the year with 18,772,758 total subscribers, adding 257,028 net subscribers in the fourth quarter of 2009. Even more important then this being the second consecutive quarter of net subscriber additions, CEO Mel Karmazin notes that this is the first year in the companies history that they have generated a positive free cash flow for the entire year.
Karmazin attributes the recent upturn to what he says are “Improvements in automotive sales, conversion rates and better than anticipated self-pay churn suggest that the outlook for the auto sector and the effects of the economy on our business are beginning to improve.”
Another promising number is 2.2%, the increase in the conversion rate to a self-pay subscription from a trial included in the sale of a vehicle in Q4 2009 (46.4%) from Q4 2008 (44.2%). The fact that this percentage is still a little less then a coin toss is still troubling to me. I can’t imagine anyone listening to this service for a few months and not wanting to stick with it. If Sirius XM wants to improve moving forward, they need to get feedback from these non converting trials and figure out exactly what is holding them back.
“We expect to meet our guidance and report over $400 million in pro forma adjusted operating income, an improvement of over $500 million from the pro forma adjusted operating income for 2008, and an improvement of nearly $1 billion from the pro forma adjusted operating income for 2007, the last full year prior to the merger of SIRIUS and XM,” said David Frear, Chief Financial Officer, SIRIUS XM.
It should be noted that the company’s self-pay subscriber base increased by 247,182 in the fourth quarter to 15,703,932 subscribers, while total paid and unpaid trials included in the sale of a vehicle remained level with the prior quarter and the prior year at approximately 3.6 million.
The people that do not subscribe after the trial period never even tried it!!
I believe that is definitely a possibility, which just makes for another problem they need to solve! Is the head unit too hard to navigate? Were they not properly informed when they purchased the vehicle? How could they not know?!?!?
Charles
Looks like Pandora and Slacker are absolutely killing SiriusXM!
What kind of nonsense is that statement ?
He’s just anonther Sirius-hater. I don’t understand why these people waste their time on these blogs when they can be listening to their precious internet radio. If they are praying for the demise of satellite radio, they have a problem. Sirius has just turned a corner. Somehow they managed to increase revenue by $650 million with flat subscriber growth for 2009. Mel’s policies seem to be working and SIRI has nowhere to go but up.
The deadline for the reverse split is still looming.
It is wishful thinking to believe that SIRI can reach the magical $1.00 per share price requirement to keep its NASDAQ listing.
ahhh….boo boo returns. couldn’t stand being away could ya? the stock price keeps going higher and higher and proving you know less than nothing about this company or the stock market. crawl back in your hole…
Sirius-XM doesn’t have a prayer of getting to the Magic $1.00 per share target.
The reverse split WILL happen and the shorts will pound the stock back to where it truly belongs.
Sorry guys…my fault…I left the door unlocke to the asylum…and our precious BaBa escaped…No fear…he is absolutely harmless…just babbles nonsense all day long.
Boo boo just have mom get you some milk and cookies and you’ll be fine. Sometimes you just have to know when youre wrong and admit it like a big boy. Sirius has a hindered million in free cash flow, subscriber are up dramatically. The split is history now.
Yeah I see my typo too boo boo….
Sirius-XM still has to comply with the NASDAQ $1.00 pps rule.
There is no way in hell they will make it by the deadline.
This forces a very interesting choice for Mel.
1) Ignore NASDAQ and allow SIRI to be delisted.
2) Execute the reverse split before the authorization deadline.
In either case, SIRI share price will suffer.
Cars sales are not rebounding and the temporary blip from the cash for clunkers is just that, temporary.
wrong again…
He is being facetious.
Thank You Charles! Just having a little fun. Been Long Sirius for 2+ years now!
Charles:
Glad to see you writing again.
vaporgold
$1.00 is very likely near term. Add TV Mel
Based on strong upside potential and convincing trend in 2009, this stock is undervalued at .72. Positive trends look to be continuing short and long term.
I’m looking forward to additional announcements in the coming weeks that will bring this stock to above $1. Once the stock exceeds $1, it will catapult even higher due to aleviated concerns about a R/S.
I strenghtened my position in siri and bought another 2K shares yesterday. my sights are both short term and long.
Just about the time all is looking up, here’s what Melvin the Shyster will blurt out via his compensation committee: Karmazin awarded another 500 millon shares of Sirius as a bonus for 2009.
There goes the pps.
Just about the time all is looking up, here’s what Melvin-the-Shyster will blurt out via his compensation committee: Karmazin awarded another 500 million shares of Sirius as a bonus for 2009.
There goes the share price.
SIRI 0.704 -0.021 -2.90%
as of 04:00 PM EST on 01/21/2010 in USD (NASDAQ Delay: 15 mins.)
Keep tilting at windmills BoBo.
I’m going to REALLY enjoy your mea culpa here! LOL!
SIRI 0.6911 -0.0117 -1.66%
as of 10:39 AM EST on 01/22/2010 in USD (NASDAQ Delay: 15 mins.)
Oh Yeah, $1.00 per share, HERE WE COME! LOL!
Poor Bob just can’t get it right.
69 Cents and dropping.
So much for that surge to $1.00 . LOL!
Bob, How does it feel to be so wrong time after time?
Boo Boo celebrates like a high school cheerleader every time the stock goes down a penny. The boy is a genius I tell you.
The only trouble is he hasn’t noticed that it’s been on a steady climb for the past several months. Put down the pom pome boo boo and pay attention.
Poor Bob,
I’m still waiting for all your PREVIOUS claims about the SIRI price to come true!
When will you admit that you are clueless about this stock and where it’s going?
You’ve been WRONG about every prediction you have made regard SIRI pps.
When will will you admit you’re just winging it? LOL!
Boo boo the only predictions anyone has made about this stock is you and you have been wrong all along. I’ve simply shown optimism. You predicted the end about twenty times on this forum and the stock just continues to rebound. Go away ass clown.
I’ll have a plate of crow ready for you to eat at the one dollar mark. Have mommy put your bib on.
You have 7 weeks smart guy!
Laugh it up while can.
Reverse Split here we come!
I expect to here from you here when the split doesn’t happen.
Learn to spell, the proper word to use is “hear”
Typo booboo…it happens. But thanks for the spelling lesson. It’s the only useful thing you ever post.
Earth to SRK “over”
Earth to SRK “over”
What’s your 20?
Company is gaining ground. “over”
Tweeting initialized………………………..Tweet tweet. SRK it’s ok now, FCF up. Subs up. Boo boo has returned. All signs of “UP”
Spell check initialized. Texting sequenced. Web formatting formatted.
New Jersey. This is Don Socal. “over”
Reports of poster id “S – Sam” “R – Red ” ” K – King” MIA.
Do you copy New Jersey? “over”
tweeting completed. Texting completed. Web intialization..completed. Spell check. Completed. Facebook logout….performed. Google maps…shutdown. GPS data compiled and Sent.
Houston this is Don Socal. We have no response. Please initiate full boot system recovery program………….
Did anyone see the Saints Vs Vikings…Was not at home…Tried to listen to the game…but couldn’t find it on my Pandora app!
This was stolen from another thread…
LOL!!! Hilarious! Pandora will never replace sat radio. Apples and oranges.
68 cents and dropping!
Still bullish Bob?
LOL!
Reverse split here we come!
It’s at .72 today. Like I said before you understand nothing about this company or the stock market. You don’t hear anyone screaming sell sell sell because it’s up 4 cents but anytime this stock dips a penny or two you suddenly declare yourself a financial genius…..so much for your credibility corky.
incidently you’ve been declaring this company finished since it was at around ten cents but it’s continued to inch up and up…..in case you haven’t noticed. the financials are getting stronger daily as well.
Closed at 70 cents Bob.
SIRI can’t maintain ANY increase for any length of time.
SIRI will implode as the double-dip of the recession hits.
Back to .73 today tard.
Just wait until the profit takers show up on Friday! LOL!
Back below 70 cents!
a month ago you were saying below $.60 and 2 months ago you were saying below $.50 and 3 months ago……yawn….
they have a 6 months extension window from March so reverse split, if it occurs can be delayed until the fall
Don’t think so.
The reverse split authorization expires.
The deadline is nothing more than a target and extensions have been given in the past and with the company adding subscribers and succesfully implementing a price increase the chances of another extension are VERY likely if needed. They are also exempt from taxes for the next several years due to past losses. All positives boo boo…..all positives.
Sirius-XM has already received multiple extensions from the NASDAQ.
They won’t be getting another one.
They are not exempt from taxes.
They simply have carry forward losses that can be amortized.
Oh I forgot you worked for NASDAQ and make those decisions boo boo. My bad….idiot.
Bob , the NASDAQ and the SEC have ZERO regulatory authority on Corporate Taxes.
That is the SOLE purview of the IRS.
Sirius gets no exemption from corporate taxes.
I’m sorry you are too effing stupid to understand what a carry forward loss actually is.
The carry forward losses can be amortized and offset any tax liability.
that’s what i was referring to captain obvious.
You clearly don’t know the difference between an exemption and a carry forward loss.
Words have meanings.
To paraphrase Samuel L. Jackson in Pul Fiction, “English MoFo, DO YOU SPEAK IT?”!
Closed at .74 today. Where that dummy boo boo. Probably off reading his thesaurus so he can correct every miscoined phrase on this forum. Tard…. All I was saying is that due to losses they are in a favorable tax position. But you will always be wrong.
Glad to see some of the players back in ‘cheerleader’ land !!
LOL !!
Methinks one upgrade may help push that $1 mark for the pps closer………………….Do I hear 2-upgrades ??!
75 cents in after hours based on the credit upgrade.
It’s a good day for people who dollar cost averaging their investment. in SIRI
There will be profit taking at the end of the week.
Plan accordingly.
Obviously you think only day traders read this forum or invest in this stock. Wrong again. I’m not saying there won’t be some sell off at weeks end but that happens with damn near every stock traded numbnuts. It doesn’t make you some guru….
The simple fact is this company keeps getting healthier and the stock is going up. This trend will continue. The financials suggest no other conclusion unless you are a complete retard.
That conclusion is simply false.
Sirius-XM still has CRUSHING debt.
It has only been renegotiated to more favorable terms.
All indicators are that a double-dip recession will occur and may have already started.
Sirius-XM simply will not survive a recession that will keep the automotive sector down for the next few years.
Howard Stern’s departure will also have implications.
The fact that Sirius-XM has wasted millions on Mad Dog Russo, Oprah, Martha Stewart and Rosie, and continues to waste money had over fist but is continuing to LOSE good talent does not bode well.
Budgets for real professional radio people like Jay Thomas and Bubba the Love Sponge have been cut to the bone.
Sirius-XM management claims to be a content provider but the current offerings are anything but compelling.
Sirius-XM has, at most, 10 channels that are revenue positive.
The vast majority of the channels are simply filler as they’ll put just about ANYONE on.
Yah, buy more.
The company improved itself during the worst economic downturn in 75 years. And now things are looking even better. Tell me, why is SIRI not a buying opportunity here?
And how did that nut-job Jim Cramer miss the 1500% increase in SIRI from 5 cents to 75 cents?
It is time to buy buy buy! Go ahead and miss the boat…
Hardy Har……………..!!
Methinks I GOT my ‘second’ upgrade…………………….
Who will bet 3 ?
Do I hear 3 ?
Going once…………………………..
LOL!!
The Cheerleaders !!
Profit Taking………………Wat a Freaking Pathetic Thing to Do Now………………………………….
This stock will be trading at thirty dollars in three years….
Now I know you have a substance abuse problem.
What color is the sky in your world?
Going once, twice, SOLD……………………..
Where’d my third upgrade go ??
Watch and learn boo boo.
I freaking ‘take it’ !!!
Standard & Poor’s Ratings Services today raised its corporate credit rating on Sirius XM Radio (Nasdaq: SIRI) and its subsidiaries to B from B-.
LOL
Can I get a FOURTH upgrade………………….??!
SIRI is approching orbital velocity. It is sixteen pennies away from triple digits.
No Profit taking ?????!
Oh-Oh……………………..
.81 right now….gosh look at all the profit taking like boo boo predicted…..wrong again idiot.
Wait until the close. 😉
I’m going to enjoy all the gyrations and excuses you’ll have with SIRI crashes and burns.
I’m heating up a plate of crow for you right now boo boo! 🙂
buy this stock now or regret it for the rest of your life. this company is a cash flow hog and will easily meet their debt obligations. snooze you lose.
Are you sure about this. I have read so much negative stuff from the shorts that I’ve just about given up hope. The shorts send out their wicked comments. There should be a law to stop their lying and deception. The truth doesn’t bother me, its the outright lies and distortion.
There’s some substance to your fears. BahBahBooey on this forum is a perfect example of the negative garbage shorters. His mission in life is to spread as much negative gossip as possible about SIRI on multiple online forums. Just get your news from credible sources and you’ll be able to see what’s really happening with this stock.
Lazard and Wunderlich are telling investors to buy now with a target price of $1.00. I’m sure boo boo is more intelligent than their analysts though….not.
SIRI today is up 6 cents to 88 cents, after gains of 8 cents yesterday, 3 cents Wednesday and 3 cents on Tuesday – a 20 cent gain from Monday’s close at 68 cents.
Boo boo is still crying about all the cash he lost on this stock. Pay no attention to anything he claims to know. He lost his ass on this and bailed to soon. It is kind of funny watching him spin though!
Yeah………………No ‘crash and burn’.
Next weeks ‘great numbers’ will catapult the pps to over $1, at that point we’ll likely encounter GREAT resistance, but a positive upgrade from the Wienke ‘kid’ over at GS will cause a breakout……………if !!!
Skies are ‘Rose’ colored over here, jus in case 😉
One question I have is this: If the price goes up how can I take profits without selling my stock? This is troubling to me. Any suggestions from seasoned long stock holders.
$ell as Needed, I gue$$
well where oh where is boo boo today? the profit taking never happened and we’re off to another good start this week. hmmm…funny how he always disappears when he’s wrong. he’s disappeared like 5 times since the stock was at $.10 a share. i guess he just likes our company and can’t stay away.
The slide is coming.
Laugh it up now.
The double-sip recession combined with Toyota’s problems and the loss of Stern will pound SIRI back into the ground.
Enjoy it while it lasts.
You armchair analysts are all the same boo boo. You read a couple headlines and believe the sky is falling. Thank God you aren’t a fund manager. Stick to you job at Piggly Wiggly.
Close was .12 cents shy of the dollar mark. Buy in while there’s still time.
close .91 AH today…Moody’s upgrade…Non-issue with Toyota…STERN IS GOING ABSOLUTELY NOWHERE! BahBah is a troll…palin and simple…Hey bahbah…don’t let the facts get in the way of a good story! What an idiot! Got some nad to cont coming here spewing the lies and distortions! See ya at 1.25 loser!
I think it will be closer to 1.50. Here’s why;
Sooner or later Stern will have to announce that he’s staying. Then his salary will come out and it will be nowhere near 500 million. Sirius will get Stern for a song, the stock will spike, and the Troll will have a really bad day.
Like I said… Get in now. This stock has always been a jewel in the rough and everyone is going to see why in the next year.
……..will likely break the $.99 mark today……….;)
let’s enjoy ‘it’ while ‘we’ can…………………
not selling for another 5-7yrs…………………….;)
Sorry !!!
You guys are amazing.
SIRI still has to maintain $1.00 for 30 business days to avoid a split or delisting.
Like I said, enjoy it while it lasts.
And you maintain your negativity in spite of a stock that has done nothing but continue to make progress for the past several months in a poor economic climate. Boo Boo….it’s ok to admit when you are wrong. It will help the healing begin. 🙂
By the way….what happened to the profit taking and the crash and burn you predicted? I think the stock is up at least 30% since your last gloom and doom prediction. 🙂
OH NO…it closed down a couple pennies today!!!! Where’s Boo Boo the mastermind investment guru telling us about how it’s on the way to the toilet????????
Oh yeah….that’s right…..he’s and idiot and you don’t judge a stock’s performance on a single day of trading.
Nice job SIRI! Another positive day. Only positive things to come. Get in now or regret holding out on this companies stock. SIRI has nothing but good things on the horizon.
Time to believe in the positive financial performance of this cashflow MONSTER!!!! Oh yeah…
For those who lack history of this forum…..Boo Boo hails himself the mastermind of investment strategy after every negative day of trading even if it’s a penny or two when this company has shown nothing but constant improvement for the past 6+ months and creates an ENORMOUS amount of cashflow. Their debt obligations are a moot point and Howard Stern’s contract is completely insignificant because the real base of subscribership could care less about that has been shock jock’s show continuance or cancellation. People don’t subscirbe for that idoit’s show. They subsribe because there is no other radio venue that offers the content for the price….period. They are the only game in town. Buy now or regret it later. Mark my words people. This company is on its way up and up and up…
Boo Boo is awfully quiet when he’s wrong…..I LOVE it. 🙂
10-days…………………
Apparently, he reveals himself, rather reluctantly, as a true harbringer of ‘doom and gloom’………………..and when this fails to materialize. ‘He’ retreats to revell in our ‘musings’ of his potential motivations, while waiting for the ‘inevitable’ opportunity to gouge our wounds,
Truly a Bottom Feeder…………………..So it seems.
He’s been predicting doom since this stock was at 5 cents a share…..genius….simply a genius. 🙂
SIRI
0.8625 -0.0487 -5.34%
as of 02:34 PM EST on 02/03/2010 in USD (NASDAQ Delay: 15 mins.)
Oh Where have all the cheerleaders gone? LOL!
as usual boo boo the financial genius chimes in on a day when the stock drops a few pennies. as if that means anything. if you want a clear picture of what’s happening with this stock, read the companies financials and look at the past several months history. then you don’t have to read boo boo’s ridiculous comments without a belly laugh. 🙂
what boo boo doesn’t mention/remember/whatever is that this stock was at $.60 2 weeks ago. still way up. and there to stay.
SIRI closes down 0.055 from yesterday’s close.
The price will continue to drop.
Wait until Stern announces his new Clear Channel deal. 🙂
Delisting here we come! LOL!
you are a sad pathetic fool boo boo. 5 cents is all you’ve got after being wrong for the past year about this stock????? wow….crawl back in to your momma’s basement dude. you need help….
common for a stock to back off toward the end of the week and we’ve seen this pattern before. it’s hardly indicitive of the end of the world. thank god you don’t make investment decisions for the readers here or anyone else for that matter.
im truly sorry you got burned on this stock man but all your negativity and false premonitions of doom for this company are next to impossible realities. huge cash flow, postive subscriber growth and stern will be resigned. you have absolutely nothing to base your negative commentary on.
buy now people….it’s only the beginning of good things to come. 🙂
but hey boo boo….i do have a bridge in brookly for sale if you’d like to make yet another shrewd buying decision. 🙂
Laugh it up now.
SIRIUS can’t get to the magical $1.00 mark at all let alone in time to stop the delisting.
Un Peso and More ‘Bro’ !!
Just watch…………………………………..
SIRI
0.824 -0.0326 -3.81%
as of 10:26 AM EST on 02/04/2010 in USD (NASDAQ Delay: 15 mins.)
FROTFLMAO!
So much for the magical $1.00 mark!
closed at near .85 boo boo. wrong again. we’re 15 cents from the dollar mark and up about 40% in recent weeks and that’s all you got? 🙂
SIRI 0.8249 -0.0239 -2.82%
as of 12:02 PM EST on 02/05/2010 in USD (NASDAQ Delay: 15 mins.)
LOL!