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Rumor - SIRI (Sirius) Stock heading back to $8 per share
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| Rumor - SIRI (Sirius) Stock heading back to $8 per share
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| iam72hrstv |
Rumor - SIRI (Sirius) Stock heading back to $8 per share.
These is buzz that Sirius has the highest growth and leverage for any QQQQ (Nasdaq 100) company and is poised to head back to $8 per share. Also the buzz has the merger holding for a year prior to approval. Stock traders always risk a buy on rumors and sell on fact. So while the potental merger approval is on hold it is a buy signal. Also, Agressive Growth Mutual funds do well when the House/Senate and Presidency are split parties, like now, and SIRI is in many Agressive Growth Mutual Funds. |
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| iceman777 |
Paaaleeeeeeazzzze!
You must be shilling.. Losing money???
You wont see SIR going up for a while. If you didn't get in near the $1 mark and get out when it touched $8 at the end of 06, you will not be making any $$$ for quite a while.
I bought at $1.05, Sold 1/2 at $6.00, then Pulled the rest at $7.80. No I did not make it to the $$$ high mark, but I sure as heck did pretty good on a $10k investment!
If you have stock, sit tight. If you don't, I would wait to buy. |
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| iam72hrstv |
Quote: Originally posted by iceman777
Paaaleeeeeeazzzze!
If you have stock, sit tight. If you don't, I would wait to buy. |
Didn't the SIRI come off the 52 week low very strongly this week? |
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| iam72hrstv |
Quote: Originally posted by iceman777
Paaaleeeeeeazzzze!
If you have stock, sit tight. If you don't, I would wait to buy. |
Didn't the SIRI come off the 52 week low strongly this week? |
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| iceman777 |
First, look at the 5 year SIR chart... compare it with the news of the day and the runup when Howard announced the deal, and then came on board, then what has happened since... not good...
Also read some of the articles out there
The Worst Stock for 2007: Sirius Satellite Radio
http://www.fool.com/investing/gener...007-sirius.aspx
If I told you that a certain company has diluted its shares at an alarming rate over the past three years, what would you say about it?
How about if I told you that this same company has burned through hundreds of millions of dollars in cash over the same time span and now has long-term debt of more than $1 billion? With the result that its book value has plunged from $1.16 per share to negative $0.14 per share?
Might you then agree with me that this stock is likely to be the worst-performing stock of 2007? |
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| LongShoreman |
I hope you are telling the truth and you aren't just a "crying in his beer" long like me.
Sirius is a horrible company, a horrible stock, and a horrible risk. I bought with my heart and not my head and regret it terribly. The stock is SO bad that I couldn't even try and lie with you with a clear head despite my large loss on this stinker. |
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| iceman777 |
Investor Trip submits:
Analyst downgrades sent Sirius Satellite Radio (SIRI) shares into a downward spiral since April 20th, 2007. Both USB and Stanford analysts downgraded SIRI shares from “buy” to “neutral”, and Wall street took quick notice. The SIRI-XM Satellite Radio (XMSR) Merger speculation causes SIRI shares to degrade in value as time passes. Investors become impatient and dump off their shares, causing a sell-off when the merger details have changed very little. |
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| iam72hrstv |
Sirius Prospects are improving daily. It seems like a great entry point folks.
Sirius loss narrows as subscribers grow
By David B. Wilkerson, MarketWatch
Last Update: 9:57 AM ET May 1, 2007
CHICAGO (MarketWatch) -- Sirius Satellite Radio Inc. said Tuesday that its first-quarter loss narrowed from the prior year, as its subscriber growth was better than many observers had expected.
Much like rival XM Satellite Radio last week, Sirius reiterated its 2007 forecasts for subscribers and revenue, calling for a year-end customer total of more than 8 million subscribers and revenue of nearly $1 billion.
Sirius (SIRI) said it lost $144.7 million, or 10 cents a share, compared with a loss of $458.5 million, or 33 cents a share, in the same quarter a year earlier.
Excluding stock-based compensation, the company would have lost $120.5 million, or 8 cents a share, in the latest three months.
Revenue rose 61% to $204 million.
Analysts polled by Thomson Financial were expecting a loss of 11 cents a share on revenue of $211.7 million.
The company ended the first quarter with more than 6.58 million subscribers, representing a 61% gain over the prior year. Sirius picked up more than 556,000 net subscribers in the quarter, easily surpassing most analysts' expectations.
Deutsche Bank Securities' James Dix was expecting only 396,000 net additions; UBS' Lucas Binder anticipated growth of about 458,000 additions; and Mark Wienkes of Goldman Sachs was looking for about 500,000 net additions.
Customers who subscribed to Sirius units factory-installed in cars and other vehicles rose to 365,000 net additions from 225,000 a year earlier.
Average monthly churn, or the rate of subscriber cancellations, rose to 2.3% from 1.8%.
The company reiterated its year-end forecast that average monthly churn would be in the range of 2.2% and 2.4%.
Sirius shares were down 1% at $2.93, however, partly due to ongoing concerns about marketing costs.
Subscriber acquisition cost per gross subscriber addition, a key metric, fell 8% to $104 from $113, due to "lower average commission rates and decreased average subsidy rates as the company continued to reduce manufacturing and chipset costs."
Craig Moffett, analyst at Sanford Bernstein, said that despite this decline, subscriber acquisition cost per gross subscriber addition "remains stubbornly high," far exceeding his estimate of $87. Binder's estimate was $98, while Wienkes' forecast called for a figure of $95.
For 2007, Sirius still epxects SAC per gross subscriber addition of about $95.
Rival XM Satellite Radio (XMSR) agreed in February to be acquired by Sirius in a $13.6 billion deal that has drawn close regulatory scrutiny. Terms call for Sirius to pay 4.6 shares for each XM share. |
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| iceman777 |
Love that you are positive, but the fact remains the same, SIR is NOT a good buy at this time and will not be for a while. Again, do not let emotion rule...
Indeed, this isn’t shaping up to be a great week for Sirius and XM. Yesterday, bearish comments from Banc of America on Sirius and XM’s business prospects sent their shares into a further tailspin, down 6% and 3%, respectively.
And today, more fodder for critics of the merger (mainly lawmakers, rivals and consumer advocates), as Bloomberg puts a spotlight on XM’s use of unauthorized antennas, an issue Representative Edward Markey of Massachusetts has said should be a consideration as regulators debate whether to let the deal go forward. |
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| iam72hrstv |
Quote: Originally posted by iceman777
Love that you are positive[/i] |
Don't let me say I told you so in a few months. |
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| WCCCFan |
| I don't see it reaching $8 a share for a while unless the XM deal goes through |
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| iceman777 |
Don't let me say I told you so in a few months.I hope you can say I told ya so to me.. But I beleive that SIRI is a bad investment right now.
And then again I could careless on a toljaso.. I made my money from 1.05 to a sell of $7.50. Unless there is a major announcemnt, then it won't happen.
Too many other stocks out there that are better buys. |
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| WCCCFan |
Quote: Originally posted by iceman777
Don't let me say I told you so in a few months.I hope you can say I told ya so to me.. But I beleive that SIRI is a bad investment right now.
And then again I could careless on a toljaso.. I made my money from 1.05 to a sell of $7.50. Unless there is a major announcemnt, then it won't happen.
Too many other stocks out there that are better buys. |
Exactly I just so happened to buy the stock 3 days before Howard Stern announced that he signed...I then sold it after he announced at 8...thanks Howie :) |
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| iam72hrstv |
| Howard and Mel believe in the company, and feel it is the right buy, so do I. Just look at thier past performance. I would Never bet against Howard and Mel. |
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| WCCCFan |
Quote: Originally posted by iam72hrstv
Howard and Mel believe in the company, and feel it is the right buy, so do I. Just look at thier past performance. I would Never bet against Howard and Mel. |
Actually Mel is one of the things that really scares me. He is a radio genius that can sell anything. But its just that, the selling aspect. With so many stations being commercial free will he soon be trying to sell more commercial and turning it into terrestrial radio, but you now have to pay for it? It really scared me |
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| iceman777 |
Actually the FM (Free) stations are not going to really be commerical free.. What they are doing is the same thing we did at a non profit radio station. We did "Sponsorships" since we could not air comercials due to FCC regs for 501c3 radio stations (Like NPR).
Basically at the top, middle and end of an hour, or program, or segment, you will hear a 30 second, 60 second or even up to or over a two minute 'sponsorship'.
"Todays Rock and roll music hour has been brought to you by the XYZ company, come and visit.. blah blah..."
They might get the DJs to talk them up, much like Howard does with that Bee shit...
Trust me, free FM will still use up 12-20 minutes an hour on 'sponsorships'.
In other words.. smoke and mirrors.. |
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| WCCCFan |
Quote: Originally posted by iceman777
Actually the FM (Free) stations are not going to really be commerical free.. What they are doing is the same thing we did at a non profit radio station. We did "Sponsorships" since we could not air comercials due to FCC regs for 501c3 radio stations (Like NPR).
Basically at the top, middle and end of an hour, or program, or segment, you will hear a 30 second, 60 second or even up to or over a two minute 'sponsorship'.
"Todays Rock and roll music hour has been brought to you by the XYZ company, come and visit.. blah blah..."
They might get the DJs to talk them up, much like Howard does with that Bee shit...
Trust me, free FM will still use up 12-20 minutes an hour on 'sponsorships'.
In other words.. smoke and mirrors.. |
Yeah but thats what worries me...I pay for Satellite, whether its listening to talk or to music. I understand talk radio needs a break and fine throw a commercial in or do something, that doesn't bother me because while I am at work I need a second to get up and walk around myself anyway. When I am listening to music I don't want to hear "sponsorships" I don't want to hear commercials, I want to hear music and maybe a DJ here and there but pretty sparatically, if I wanted a DJ I would tune in a commercial station. |
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| iceman777 |
I would hope too, that SIRIUS does not go to a sponsorship/ commercial format on the music stations. At that point there is no real difference from FM radio. I'll go back to MP3's then myself.
I think of cable TV. The big selling point when it came out was no commercials either. Now I think only a few cable stations have no commericals during the shows, but most others have them.
Lordy I hope that is not the future!
Personally I would also like to hear less of the DJs and more music. Sometimes the inane things that are said, just grates on my nerves. Now there is a way for SIRI to save money.. Can the DJs. |
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| WCCCFan |
| Yup can the DJs and just play non stop music...sounds perfect to me |
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| iceman777 |
I listen to the jazz station at work or the spa when I need to relax. I like the non DJ format they have on those stations.
I also listen to the 70's, 80's, Classic Rock.. After a while the DJs get on my nerves. They need to learn when to shut up. |
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| iam72hrstv |
Quote: Originally posted by WCCCFan
Yup can the DJs and just play non stop music...sounds perfect to me |
I have enjoyed the DJs on the Music channels. Good radio is about DJs who know something about the music they choose to play. Testical radio is so corporate the DJs play music the corporation wants to sell or have on thier Weenie Roast Concerts. Sirius DJs play music they know and like. Classic rock and classic 80, 70's 60's, 50's can not be found anywhere except satelite radio. |
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| Ryan79 |
| I personally think the SIRI stock is dead in the water. The only hope of revival is through FCC approval of the Sirius and XM Merger; frankly, I've got a better change of winning the lottery than these two companies have of winning regulatory approval. I hope I'm wrong since I'm sitting on 7,000 shares of Siri but I don't think I am. |
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| Mahatma Gonad |
I too am one of those dopes who bought stock based on emotion, and granted a healthy respect for Mel. I have about 5,000 shares and paid on average $5 per share.
Since buying the stock, instead of reading news stories about cost cutting at the company to achieve positive cash flow sooner, I see stories about buying a new satellite, dishing out stock grants and bonuses, and paying no-talent movie and music hacks to host shows and/or channels that 5 people will listen to.
Howard says that satellite radio is different from cable tv. But, Howard readily admits that if people had a choice in paying for what cable stations they wanted, 3/4 of them would be off the air due to lack of viewers.
It HAS to be the same with Satellite. If we were allowed to pick and choose (thus, pay for) the Sirius channels we liked, it wouldn't be all 120+. It would be a tiny handful. So horrible shows like The Wiseguy Show and countless others would be gone and the company could put that money back into the company to reduce subscriber on-boarding costs or whatever.
Plus the fact that we are still paying the salaries of the H100 New team is criminal. The purpose they served has come and gone.
Sorry for the cunty rap, but I really expected more from Mel. I guess it's an oil & water combination when you are a huge fan of the show but are also a stockholder. |
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