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Eh, it doesn’t need to at its high for me to happy. $7 means nothing to me. This should be in the teens.
happy about what? the 52 week high is 7.7
the CEO said he wasn't buying above 7
I bought SIRI at .21
I’m happy.
There isn't any catalyst for SIRI and lots of downside potential.
Pandora was losing money so it could impact debt and buyback potential. Long term short. I was out before the merger.
....and announcing a dividend....and $2B in stock repurchases.
Even my crappy penny stocks are up today.....yet SIRI is getting screwed after posting great numbers and merging. Fan freaking tastic
Anybody know when Pandora stock gets converted to Siri?
earnings +.06 in line. Sales beat by 20m
guidance higher than estimates
Press Release: SiriusXM Declares Quarterly Cash Dividend and Adds A Further $2 Billion To Stock Repurchase Program
SiriusXM Declares Quarterly Cash Dividend and Adds A Further $2 Billion To Stock Repurchase Program
PR Newswire
NEW YORK, Jan. 29, 2019
NEW YORK, Jan. 29, 2019 /PRNewswire/ -- SiriusXM today announced that its Board of Directors declared a regular quarterly cash dividend of $0.0121 per share of common stock, payable in cash on February 28, 2019 to stockholders of record at the close of business on February 11, 2019.
In addition, SiriusXM today announced that its Board of Directors has approved an additional $2 billion of common stock repurchases, taking the Company's total authorization to $14 billion since the inception of the program in early 2013. Shares of common stock may be purchased from time to time on the open market and in privately negotiated transactions, including in accelerated stock repurchase transactions and transactions with Liberty Media and its affiliates. The Company will fund the repurchases through cash on hand, future cash flow from operations and future borrowings.
The announcement of the extension of the repurchase program reflects the Board's desire to continue to return value to stockholders and its confidence in the long-term growth prospects of the Company's business. SiriusXM retains sufficient capital capacity to continue making long-term investments in its programming, research and development initiatives and overall operations, as well as to pursue strategic opportunities that may arise.
Repurchases will be made in compliance with all SEC rules and other legal requirements and may be made in part under a Rule 10b5-1 plan, which permits stock repurchases when the Company might otherwise be precluded from doing so.
Well we got pandora. I guess after hours folks are waiting for earnings to freak out one way or the other..
I would like to think so, but in my opinion, it may re-trace a bit more, especially post-Pandora acquisition. From there it is a long term hold I believe.
This stock has been very good to me for many years.
I’m betting on it. Lol
SiriusXM Beats 2018 Subscriber Guidance and Issues 2019 Guidance
Today : Tuesday 8 January 2019
Click Here for more Sirius XM Holdings Inc. Charts.
NEW YORK, Jan. 8, 2019 /PRNewswire/ -- SiriusXM today announced it added 1.4 million self-pay subscribers to finish 2018 with approximately 28.9 million self-pay subscribers, exceeding the company's initial 2018 guidance by approximately 40%. Total net subscriber additions in 2018 were approximately 1.3 million, resulting in total paid subscribers of approximately 34 million at year end.
The company also announced that it expects to meet or exceed its 2018 guidance for revenue, adjusted EBITDA and free cash flow.
During the fourth quarter, SiriusXM repurchased approximately $646 million of its common stock, the largest amount of capital allocated to open market repurchases in a single quarter since the program commenced in early 2013. Including dividends, SiriusXM returned approximately $1.5 billion of capital to its stockholders during 2018.
The company also issued 2019 subscriber and financial guidance, including:
SiriusXM self-pay net additions approaching 1 million,
Total revenue of approximately $6.1 billion,
Adjusted EBITDA of approximately $2.3 billion, and
Free cash flow of approximately $1.6 billion.
The company's guidance does not give effect to the expected acquisition of Pandora Media in the first quarter.
"I'm proud to report that 2018 was not only another year of operational excellence at SiriusXM, with record high subscribers, revenue, and adjusted EBITDA. Last year also saw SiriusXM achieve important milestones, like the introduction of 360L and significant improvements in our smartphone apps and IP distribution on connected devices. We attained a record 40% adjusted EBITDA margin in the third quarter, saw our efforts in connected vehicle services bear fruit and, of course, we were extremely pleased to reach an agreement to acquire Pandora Media," said Jim Meyer, SiriusXM's Chief Executive Officer.
"We expect to close the Pandora transaction shortly following the Pandora stockholder meeting scheduled for late this month, and we are quickly moving to implement exciting ways the two businesses can work together. We remain confident that this transformational acquisition will open exciting pathways for long-term value creation and cash flow growth for our stockholders," said Jim Meyer, SiriusXM's Chief Executive Officer.
As previously announced, SiriusXM filed a Registration Statement on Form S-4 with the Securities and Exchange Commission (the "SEC") in connection with the transaction, which, as amended, was declared effective by the SEC on December 20, 2018 and the waiting period required under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 in connection with the transaction expired on December 21, 2018. Pandora's special meeting of stockholders to vote on the transaction is scheduled to be held on January 29, 2019.
SiriusXM also announced today that it plans to release full-year and fourth quarter 2018 financial and operating results on Wednesday, January 30, 2019. The company will hold a conference call at 8:00 am ET the same day to discuss these results. Investors and the press can listen to the conference call via the company's website at investor.siriusxm.com.
Visa and SiriusXM are working to enhance the way customers spend their time in-vehicle and plan to offer the SiriusXM e-wallet to manufacturers who deploy SiriusXM's connected vehicle services, the broadly adopted connected vehicle platform in North America, serving multiple major automotive brands.
The SiriusXM e-wallet is being designed to integrate into the dashboard and will allow drivers and their passengers to complete and make purchases for everyday tasks on-the-go: shop and pay for coffee, find and pre-pay for gas, locate and pay for parking, purchase movie tickets, seamlessly pay tolls, and more. Users will activate and authenticate payment with their Visa account using biometric authentication, like voice and touchscreen commands, to eliminate driver distractions during the transaction.
Powered by Visa and SiriusXM application programming interfaces (APIs), the solution can draw on a range of technologies to enable safer and more secure commerce, including the Visa Token Service, which allows an extra layer of security for payments.
"Teaming up with SiriusXM is a big step forward in Visa's quest for connected commerce across the automotive ecosystem. SiriusXM's solid network with automotive manufacturers and established consumer interfaces, combined with our payment expertise, will help fast-track the endless opportunities for drivers to safely and securely accomplish tasks during their commute," said Olabisi Boyle, Vice President - IoT Platforms, Visa.
"Visa is the world's leader in digital payments and our Connected Vehicle Services group has deep roots and a broad reach in the auto industry," said John Jasper, Senior Vice President for SiriusXM Connected Vehicle Services. "Our work with Visa is a significant step in establishing the next generation of vehicle-to-everything connectivity, transforming the vehicle into a 'hub' that provides for real-time, convenient transactional services to drivers and passengers."
To implement these services, Visa is establishing virtual payment relationships through its wide-ranging network of retailers and providing secure authentication capabilities for added security, while SiriusXM is developing the next-generation protocols needed to establish real-time connectivity and in-vehicle interfaces with a broad variety of personalized content and data aggregated from a network of platforms. This suite of services will be showcased to automobile manufacturers during 2019.
Visa and SiriusXM's new in-vehicle payment solution is being presented by Peter Polit, Vice President and General Manager of Connected Vehicle Strategy and Business Development at SiriusXM, today, January 7, at the Consumer Telematics Show in Las Vegas, Nevada.
I don’t agree. The only reason to do that is if that’s your type of trading. In other words......a flipper. Similar to a day trader. The Pandora vote isn’t a bad omen coming on 1/29.
SIRI believe will test 8 dollars soon been long for over a month now.
Appreciate your insight. I agree. This is a short term play. In in the 5.80's plan to exit at 6.75-7 depending on the accumulation. Today is a nice steady climb, along with yesterday's trading. Always love seeing green in our accounts. Best to you.
you would only want this now, and up until the Pandora shareholders meeting on 1/29. You need to be out of it after that date. And out before that date if $SIRI gets to $7.
Expecting news as soon as Friday and if not, then Monday in advance of the Consumer Electronics event next week 1/8 - 1/11.
Been a long time since I owned shares of this company. I am hoping to see this one give us a winner in 2019. Hoping for great news with the acquisition of Pandora. Best to all here.
JPMorgan Turns Bullish On Sirius XM As Pandora Deal Nears Completion
Sirius XM Radio Inc. (NASDAQ: SIRI) should see stronger growth from its acquisition of Pandora, according to a newly bullish JPMorgan.
The Analyst
Analyst Sebastiano Petti upgraded Sirius XM from Underweight to Overweight and raised the price target from $6 to $7.
The Thesis
Pandora Media Inc. (NYSE: P) shareholders are set to vote on the Sirius deal at the end of the month.
Pandora gives Sirius more opportunities for growth in streaming, ad-supported radio services and more chances to deliver music into cars, Petti said in the Wednesday upgrade note.
Sirius didn’t see as much of a drop off in subscriber growth than was expected after an increase in music royalty fees, the analyst said.
“We believe Sirius XM’s legacy business will continue to execute well in the near-term and that the pending Pandora acquisition will position it well over the long run as it expands out of the car,” he said.
https://finance.yahoo.com/news/jpmorgan-turns-bullish-sirius-xm-193622175.html
Sirius XM upgraded to Overweight from Neutral at JPMorgan Price target for the shares to $7 from $6.
Sirius XM (SIRI) Given a $8.00 Price Target by Macquarie Analysts
Sirius XM (SIRI) Upgraded by JPMorgan Chase & Co. to Overweight
Sirius XM Holdings Inc (SIRI) Stake Raised by Nordea Investment Management AB
Posted by Gemma Cottrell on Dec 22nd, 2018
https://www.fairfieldcurrent.com/news/2018/12/22/sirius-xm-holdings-inc-siri-stake-raised-by-nordea-investment-management-ab.html
$SIRI needs to be 6.95 before $P shareholders vote for the conversion to $10 to work.
Where is that Amazon product, due before year end?
Or are they waiting until the consumer electronics show in January to announce.
Where's the dividend??? Thought it's due today?
Good morning all, I read what the Pandora shareholders will get in exchange for SIRI shares, but has anybody a clue what the SIRI shares will be valued at once the acquisition is finalized and settled or will that be the actual price?
LCJR
Amazon partnership, increased dividend, higher than expected earnings, pandora buyout.
So so down.. why?
Just grabbed a 1000 shares long term...$6.17
Sirius XM launches new college sports channels, Amazon Echo tie-up https://seekingalpha.com/news/3398602
SiriusXM's Automatic acquires PayTollo to expand its connected vehicle service offerings https://seekingalpha.com/news/3396815
Is SIRI going to 10 dollars any time soon ?
SiriusXM: Is Pandora a Good Acquisition?
GuruFocus.com
September 28, 2018
- By Nicholas Kitonyi
SiriusXM Holdings Inc. (SIRI), the world's largest satellite radio company, announced Monday it is acquiring Pandora Media Inc. (NYSE:P) for $3.5 billion.
Since the announcement, analysts have been running the numbers to determine the company's premium valuation. Pandora has struggled to match the performance of its early days as a public company, which saw its stock price nearly quadruple between November 2012 and March 2014.
Pandora's stock has rallied 125% since bottoming in January, but, at just under $10 per share, it remains way off its 2014 highs of about $38 per share. At the current price, the market values the company at roughly $2.5 billion, which means SiriusXM will be paying a premium of 40%.
Pandora's downfall started in 2015 when Apple Inc. (AAPL) announced the launch of Apple Music. The company's top-line growth has since decelerated to the low single-digit level while the net loss has continued to widen.
So, in general, it would be correct to infer that Pandora was in trouble before SiriusXM came knocking. From a sum-of-the-parts perspective, this deal probably won't make sense to most investors. Therefore, the company likely has a plan that will generate synergies while it integrates Pandora into its business.
Pandora stands to benefit from SiriusXM's scale and financial resources while simultaneously leveraging on the satellite radio service's industry expertise. On the other hand, SiriusXM will gain more traction on mobile devices by leveraging Pandora's strength in this area. Pandora could also help SiriusXM enhance its digital presence and leverage its advertising capabilities.
During the conference call, management explained that merging the two technologies could take as long as six years.
While Pandora may only be bringing in just over $1.5 billion in revenue this year, SiriusXM will be looking to utilize some of its licensed and acquired technologies to improve its position in the audio entertainment industry. Pandora will also be bringing AdsWizz with it. AdsWizz provides programmatic audio advertising to advertisers and publishers, giving SiriusXM an interesting revenue stream to augment its subscription-based sales.
SiriusXM attracts potential customers with a trial period, after which some users subscribe to the premium service while others opt for alternatives. Those alternatives include Pandora, Spotify Technology SA (SPOT) and Apple Music, among others.
There are also reports that SiriusXM's parent Liberty Media Corp, which owns a sizeable stake in Live Nation Entertainment Inc. (LYV), could help the company acquire the Beverly Hills-based events promoter and entertainment company in an attempt to form what could be the world's largest audio entertainment company.
With Pandora already on board, analysts have pointed out that adding Live Nation to the portfolio could be what the company needs to complete the puzzle. Reports also indicate that Liberty Media and SiriusXM are trying to acquire a stake in iHeart Media, which is currently trying to maneuver through bankruptcy. It owns iHeartRadio, which is a free broadcast and internet radio platform headquartered in New York City.
Since Liberty Media owns a sizeable chunk of iHeart Media's debt, a takeover could happen, but this is still premature. Nonetheless, SiriusXM looks set to challenge the likes of Apple Music and Spotify as it continues to expand its addressable market while introducing new revenue streams. Buying Pandora could be just the beginning of a long string of acquisitions.
Joanne Was waiting for the headsup
SIRI stock has some good characteristics that show today's downward slope may have been temporary. However, the combination of the Pandora acquisition as well as the stock price averages show why the fall occurred today. Leading indicators predicted the fall before it occurred. #BluSignals https://www.blusignalsystems.com/is-fall-with-siri-stock-going-to-last-what-predictions-sense/
Shorty exit, and breathing a sigh of relief. Got their temporary escape hatch! Not knocking their strategy......just sayin.
Sirius XM buying Pandora in $3.5B dealhttps://seekingalpha.com/news/3392334
Why do you think SIRI is not a $10 stock?
I would say the same to you about OUR history.
Feels like it is ready for a breakout. Been consolidating in the 6.95 to 7.10 range for a while.
nice gain in a week, .. myself I bought 3,000,000 KGET at .0002 a high volume day. will see where it goes
I snagged 10k at .056 on the the Friday before the bonds were due. I wish I had more than $600 dollars in my Ameritrade account.
Mr Lefsetz ; would you believe I once bought SIRI at around a dollar
http://mobilebarbecue.ca/wp-content/uploads/2017/03/index_02-1.png
Me. too. At work, in the car, and on my phone when working in the yard.
Yes good service. I am buying, I see streaming in the near future. 40k shares and buying. Patience is a virtue.
SIRI radio always on during my days of trading
Kind of sideways for a while. Holding here own though. Unless any good news in the interim, we will wait for the next quarterly before appreciation of PPS. I still love the long term prospects of this.
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Sirius Satellite Radio Inc. (NasdaqNM:SIRI) 1221 Avenue of the Americas; 36th Floor; New York, NY 10020
Phone: 212-584-5100......................Fax: 212-899-5050
About SIRIUS XM Radio
SIRIUS XM Radio is America's satellite radio company delivering the "The Best Radio on Radio" to more than 18 million subscribers, including 100% commercial free music, and premier sports, news, talk, entertainment, traffic and weather.
SIRIUS XM Radio has exclusive content relationships with an array of personalities and artists, including Howard Stern, Oprah, Martha Stewart, Jimmy Buffett, Elvis, Jamie Foxx, Barbara Walters, Frank Sinatra, Opie & Anthony, The Grateful Dead, Willie Nelson, Bob Dylan, Dale Earnhardt Jr., Tom Petty, and Bob Edwards. SIRIUS XM Radio is the leader in sports programming as the Official Satellite Radio Partner of the NFL, Major League Baseball, NASCAR, NHL, and PGA Tour, and broadcasts major college sports.
SIRIUS XM Radio has exclusive arrangements with EVERY major automaker. SIRIUS XM Radio products are available at shop.sirius.com and shop.xmradio.com, and at retail locations nationwide, including Best Buy, Circuit City, RadioShack, Target, Sam's Club, and Wal-Mart.
SIRIUS XM Radio also offers SIRIUS Backseat TV, the first ever live in- vehicle rear seat entertainment featuring Nickelodeon, Disney Channel and Cartoon Network; XM NavTraffic service for GPS navigation systems delivers real-time traffic information, including accidents and road construction, for more than 80 North American markets.
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