To thyself be true
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You sound like you are flying to Sirius star in the galaxy......lol In case you need direction, just go straight up and very far.......:o}
Sirius XM (SIRI) scores +100
Wed, Oct 13 2010 at 12:47 pm
Posted by Adam Ellisof The News of Today
Things are beginning to look up for Sirius XM (SIRI) Satellite Radio, after a couple of years of listening to doubtful critics.
In early 2009, the stock which was trading as high as $51 a share in late 2000 had fallen all the way down to $0.05 a share. The company looked as though it might vanish and satellite radio looked as though it was a failure. Now a year and a half later, the tables have turned. Sirius XM Radio Inc. which was formed when Sirius & XM merged is now back on track, and starting to make a lot of progress.
On Wednesday, the company announce that it is planning on offering buyers close to $550 million in aggregate senior notes. These unsecured notes would be due in 2018, and the proceeds from them would be used to help the company repurchase their older 11.25 percent notes which come due in 2013.
SIRI gets a score of +100. We have a price target of $2.50 near term.
http://www.themarketguardian.com/2010/10/sirius-xm-siri-scores-100/
Tomorrows vol. guess 358 MIL. Won't be on the computer so I am putting my guess in early.
eastunder, I thought I was positive, but you take the cake. At least we know with SIRI it is possible to have a 300MIL. day.
I'll say 189 Mil. at close. Average has been 21 mil an hr.
My forecast for the close today is $1.45
Could Google Get “Sirius” About Apple?
When a stock rises as quickly as Sirius XM has over the course of the past few weeks, you really have to look for potential reasons for it to have done so. Although many may point to the Howard Stern saga as a potential catalyst, most analysts dismiss the coming event as insignificant. Others point to a presentation given last week by Sirius XM CEO Mel Karmazin as the catalyst but in reality, Karmazin offered nothing new that would justify a 20% jump in the equity price in such a short time. No….there is another drama playing out in the audio entertainment space that just may be leading to Wall Street’s favorite topic du jour in the form of merger’s and acquisitions. It begins with Apple and its highly popular iPod.
The success of the iPod is well known, yet the iPod fails to deliver in the one key area of a vehicle’s dashboard. You cannot download a song you hear on live radio to your iPod, and you have to have an iPod with you in order to play your library through a vehicle’s audio system. The latter requires either a wireless FM transmitter or cassette/cd adapter with an annoying wire. iPod users have been asking for years for Apple to come up with a proprietary car stereo that would store the device’s playlists; something that would take up to ten years to implement with the auto manufacturers.
Enter Google, which through its Droid based smartphones have taken the lead in market share from Apple’s iPhone. It was widely published that Google earlier this year bought Simplify Media with the intent of competiting with Apple’s iTunes. Like Apple however, the same lack of space in a vehicle’s dashboard limits users ability to download and sync content to a computer. Most music listeners however, listen in their vehicles which is where the potential for a bidding war over Sirius XM comes into play.
http://satwaves.com/blog/2010/09/22/could-google-get-%E2%80%9Csirius%E2%80%9D-about-apple/
I like your price target better. SIRI was this at this date
2004/12/31 7.53.....7.90....... 49,746,753
I am in Vegas, and I consider this a small chance, with a possibility of a big payoff......:o}
No It wasn't SIRI it is Worldspace I have 50K. Would have had that many Siri if it didn't take Scottrade 3 business days to process my money transfer. I would have had a chance to buy Siri at .11 if the money would have cleared the day I put my order in.....:o{
Yes and that is the chance we all are taking. I haven't spent a fraction of what I spent on SIRI. I would like to buy more, though. I feel why would someone spend 5 MIL. and then let it go to pot? There is a bigger picture here, but WHAT? That is the 64 thousand dollar question.
By the way the new Wall Street movie, was a good.
Wow you really are taking a chance, but I have a feeling Liberty hasn't gotten totally out of the picture. Malone is looking long term
I think he owns 40% of Siri. It is a natural for him to at some point combine Worldspace and Siri. Da Fat Lady hasn't sung the last tune yet.....lol
I got into Siri at .17-.19 still holding almost half of my shares. I did almost like you, took all my money (had $100.00 left in my bank account for couple of days) and sunk the whole Kit an Kaboodle into Siri....lol Didn't dare to tell anyone, felt I was going crazy.......lol
If Siri and Worldspace ever get together, it is gonna be a helluva ride....lol Wish I had extra money, but I do not want to sell any Siri stock to buy WRSPQ. Have 50K and have to be happy with them.
Oh I have always liked SIRI and I wish I had or actually needed a car, I would have SiriusXM in it for sure. I am tempted to buy a car just so I could have Sirius in it.
Did you know Sirius is a actual star in the sky (like that too....lol).
If you short SIRI, first why? There are huge things coming. Bandwidth is still a biggie.
Besides what is written below, there are so many other services that can and will be available on Sats.
One spectrum. Imagine one radio that picks up both XM and Sirius signals. Now imagine one satellite transmitting both signals. These are not pipe dreams, but actually stated goals from Liberty Media CEO Greg Maffei, which controls a 40% stake in Sirius XM through its Liberty Capital tracking stock (NASDAQ:LCAPA). He stated in late 2009 that he was excited that Sirius XM will one day be consolidating their spectrum and service, and freeing up huge amounts of spectrum for other services, possibly mobile TV, or simply leasing out its bandwidth to other entities willing to pay billions for its use. As the cell phone industry is discovering, Wi Fi and cell phone repeater towers are not the answer for mass internet streaming. The problems are enormous, and current technology makes it impossible to get to where they want to go. Not to mention the huge health risks associated with the service. Do we really want more powerful frequencies ripping through our brains just so Johnny can download a movie to his cell phone faster? Do we really want to endanger aircraft, see filings associated with WCS Coalition and the companies seeking to block this terrible deal for Americans, just so Mary can get a text message .0001 second faster? Sorry folks. You really weren’t meant to be able to download the new Black Eyed Peas song from the top of Mount Everest without satellite technology. Not without giving your entire world population cancer in the process. Satellite technology is safe, more powerful, and 100 times more efficient. Why the delay to go all satellite? No vision. Problems of today were unimaginable to the companies that went with cellular technology back then. Sirius was smart enough early to realize the importance of satellite technology. Keep in mind, the first cell phones were just becoming popular when Sirius and XM were getting off the ground.
5. Global markets. With recent acquisitions and comments from Liberty Media and Sirius XM, some type of global play seems to be well underway. What advantages Sirius XM will receive from these ventures no one is sure as of yet. However, with Liberty putting up the costs, it seems like some addition to their bottom line would be generated from this partnership. With expansion into Mexico already slated, and service in Canada years in play already now, Mel has every reason to be excited about expansion possibilities into new markets. Is Europe next?
http://www.kingofalltrades.com/2010/04/05/11445.html
Nope, but if you said would it go to $2 I would say yes.....;o} This upward trend has been here for a very long time. The only thing I understand about charts (by eastunder). Seeing my portfolio getting fatter, that is easy to understand, though.
Here is a good link to keep in your stock files for insider trading;
http://www.insider-monitor.com/
Good link to Comp. insider trading:
http://www.insider-monitor.com/
Traders manipulating cheap US stocks -market maker
6:38 pm ET 09/26/2010 - Reuters
* Outsized rebates in sub-dollar stocks at issue
* Big U.S. market makers discussed issue with SEC -Knight
* Practice costing Knight 'tens of thousands' per day
By Jonathan Spicer
WASHINGTON, Sept 26 (Reuters) - Some traders are manipulating U.S. stocks that are worth less than $1 by taking both sides of trades in order to earn big rebates, according to an official at Knight Capital Group Inc <KCG.N>.
Knight, a top U.S. market maker for individual investors, and the other four largest market makers discussed this problem with federal securities regulators on Thursday, Jamil Nazarali, Knight's global head of electronic trading, told reporters on Friday.
"It happens for hundreds of millions of shares per day," Nazarali said, adding that this type of market manipulation is hard to prove. The gaming costs Knight "tens of thousands of dollars" per day on some days, he said on the sidelines of a Security Traders Association conference here.
Nazarali added that U.S. Securities and Exchange Commission officials "seemed empathetic" to the concerns of the five firms that execute much of the orders of individual, or retail, investors -- Knight, UBS AG <UBS.N>, Citadel Investment Group, Citigroup Inc <C.N>, and E*Trade Financial Corp <ETFC.O>.
SEC spokesman John Heine neither confirmed nor denied the meeting. He did not comment on gaming in sub-dollar stocks.
The manipulation concerns come months after the May "flash crash" stoked a debate over fairness in the mostly electronic marketplace, which has grown faster and increasingly complicated in the last decade.
At issue is whether an individual trader is using separate brokerage accounts to trade against himself, something known as a wash trade. Shares that regularly trade below $1, such as Sirius XM Radio Inc <SIRI.O> and Level 3 Communications Inc <LVLT.O>, are the typical targets, Nazarali said.
Exchanges charge fees to those that execute against standing buy and sell orders, something called a take fee, and pay rebates to those that provide standing orders that are executed against. This is known as "maker-taker" pricing.
While stocks are normally priced in penny increments, rules adopted five years ago allow exchanges to price sub-dollar stocks in one-hundredth of a cent. The fees and rebates, however, are based on penny increments for all stocks, including sub-dollar stocks -- which creates a possible loophole through which traders can earn out-sized rebates.
A trader can, for example, send a "limit order" bid through one brokerage account, and a corresponding "market order" to sell that same stock in another account. After trading with himself, the trader earns the bid's rebate and pays the smaller selling fee -- which is usually fixed at retail brokers like E*Trade -- and walks away with the difference.
In this scenario, market makers such as Knight would foot much of the bill.
For a short period earlier this year, large exchanges paid outsized fees and rebates in sub-$1 stocks, but did away with it in the spring after protests from market makers, said William Karsh, chief operating officer at exchange operator Direct Edge.
The smaller CBOE Stock Exchange, or CBSX, offers the out-sized rebates now. The exchange, run by Chicago-based CBOE Holdings Inc <CBOE.O>, has seen its market share rise in sub-dollar stocks this summer.
"CBOE takes its regulatory responsibility very seriously and does investigate unusual trading activity," a CBOE spokeswoman said. "However we do not comment on individual investigations."
Nazarali said Knight has reported this activity to regulators on a daily bases in recent weeks, and has brought it to the attention of the Financial Industry Regulatory Authority.
"It is really damaging to investors," Nazarali told reporters.
The SEC in recent weeks said it is probing trading and quoting activity for evidence of market fraud and manipulation. In a comprehensive paper issued in January, the agency asked whether pricing in the market is problematic. (Reporting by Jonathan Spicer, editing by Martin Golan)
Traders manipulating cheap US stocks -market maker
6:38 pm ET 09/26/2010 - Reuters
* Outsized rebates in sub-dollar stocks at issue
* Big U.S. market makers discussed issue with SEC -Knight
* Practice costing Knight 'tens of thousands' per day
By Jonathan Spicer
WASHINGTON, Sept 26 (Reuters) - Some traders are manipulating U.S. stocks that are worth less than $1 by taking both sides of trades in order to earn big rebates, according to an official at Knight Capital Group Inc <KCG.N>.
Knight, a top U.S. market maker for individual investors, and the other four largest market makers discussed this problem with federal securities regulators on Thursday, Jamil Nazarali, Knight's global head of electronic trading, told reporters on Friday.
"It happens for hundreds of millions of shares per day," Nazarali said, adding that this type of market manipulation is hard to prove. The gaming costs Knight "tens of thousands of dollars" per day on some days, he said on the sidelines of a Security Traders Association conference here.
Nazarali added that U.S. Securities and Exchange Commission officials "seemed empathetic" to the concerns of the five firms that execute much of the orders of individual, or retail, investors -- Knight, UBS AG <UBS.N>, Citadel Investment Group, Citigroup Inc <C.N>, and E*Trade Financial Corp <ETFC.O>.
SEC spokesman John Heine neither confirmed nor denied the meeting. He did not comment on gaming in sub-dollar stocks.
The manipulation concerns come months after the May "flash crash" stoked a debate over fairness in the mostly electronic marketplace, which has grown faster and increasingly complicated in the last decade.
At issue is whether an individual trader is using separate brokerage accounts to trade against himself, something known as a wash trade. Shares that regularly trade below $1, such as Sirius XM Radio Inc <SIRI.O> and Level 3 Communications Inc <LVLT.O>, are the typical targets, Nazarali said.
Exchanges charge fees to those that execute against standing buy and sell orders, something called a take fee, and pay rebates to those that provide standing orders that are executed against. This is known as "maker-taker" pricing.
While stocks are normally priced in penny increments, rules adopted five years ago allow exchanges to price sub-dollar stocks in one-hundredth of a cent. The fees and rebates, however, are based on penny increments for all stocks, including sub-dollar stocks -- which creates a possible loophole through which traders can earn out-sized rebates.
A trader can, for example, send a "limit order" bid through one brokerage account, and a corresponding "market order" to sell that same stock in another account. After trading with himself, the trader earns the bid's rebate and pays the smaller selling fee -- which is usually fixed at retail brokers like E*Trade -- and walks away with the difference.
In this scenario, market makers such as Knight would foot much of the bill.
For a short period earlier this year, large exchanges paid outsized fees and rebates in sub-$1 stocks, but did away with it in the spring after protests from market makers, said William Karsh, chief operating officer at exchange operator Direct Edge.
The smaller CBOE Stock Exchange, or CBSX, offers the out-sized rebates now. The exchange, run by Chicago-based CBOE Holdings Inc <CBOE.O>, has seen its market share rise in sub-dollar stocks this summer.
"CBOE takes its regulatory responsibility very seriously and does investigate unusual trading activity," a CBOE spokeswoman said. "However we do not comment on individual investigations."
Nazarali said Knight has reported this activity to regulators on a daily bases in recent weeks, and has brought it to the attention of the Financial Industry Regulatory Authority.
"It is really damaging to investors," Nazarali told reporters.
The SEC in recent weeks said it is probing trading and quoting activity for evidence of market fraud and manipulation. In a comprehensive paper issued in January, the agency asked whether pricing in the market is problematic. (Reporting by Jonathan Spicer, editing by Martin Golan)
Wow....SiriusXM is popping like popcorn all over the place, pretty soon we can just wear them....lol
Going back to 2002 Sirius Satellite Radio (I was invested at this time)
SIRIUS Announces 2002 Financial and Operating Results
NEW YORK, NY - March 28, 2003 - SIRIUS (NASDAQ: SIRI), today announced its financial results for the year ended December 31, 2002, the end of the first year of commercial operations for the premier satellite radio broadcaster. SIRIUS launched its service nationwide on July 1, 2002, and had 29,947 subscribers on December 31, 2002. In addition, on March 7, 2003, SIRIUS closed a $1.2 billion recapitalization, which eliminated approximately 91% of the company's debt and 100% of its convertible preferred stock, and raised $200.0 million of new equity. SIRIUS currently has funds to cover estimated funding needs into the second quarter of 2004.
FOURTH QUARTER 2002 VERSUS FOURTH QUARTER 2001
For the quarter ended December 31, 2002, SIRIUS reported total revenue of $685 thousand and a net loss applicable to common stockholders of $134.1 million, or $1.74 per share. This compares with a net loss applicable to common stockholders of $83.6 million, or $1.52 per share, for the 2001 quarter.
Subscriber revenue of $727 thousand was partially offset by $107 thousand of costs associated with a mail-in rebate program. Mail-in rebates that are paid directly to subscribers are recorded as a reduction to subscription revenue. Average monthly revenue per subscriber, or ARPU, was approximately $10.82. ARPU, excluding costs associated with a mail-in rebate program, was approximately $12.69.
FULL YEAR 2002 VERSUS FULL YEAR 2001
For the year ended December 31, 2002, SIRIUS reported total revenue of $805 thousand and a net loss applicable to common stockholders of $468.5 million, or $6.13 per share. This compares with a net loss applicable to common stockholders of $277.9 million, or $5.30 per share, for 2001.
Subscriber revenue of $1.0 million was offset by $426 thousand of costs associated with a mail-in rebate program. ARPU was approximately $7.47. ARPU, excluding costs associated with a mail-in rebate program, was approximately $12.58.
(Selected Balance Sheet Data and Statement of Operations follow).
RECAPITALIZATION
On March 7, 2003, the company completed a series of transactions to restructure its debt and equity capitalization. As part of these transactions:
* SIRIUS exchanged 545,012,162 shares of the company's common stock for approximately 91% of its outstanding debt, resulting in the cancellation of all of the company's Lehman term loans, all of the company's Loral term loans, $251.2 million in aggregate principal amount at maturity of the company's 15% Senior Secured Discount Notes due 2007, $169.7 million in aggregate principal amount of the company's 14½% Senior Secured Notes due 2009, and $14.7 million in aggregate principal amount of the company's 8¾% Convertible Subordinated Notes due 2009;
* SIRIUS exchanged 76,992,865 shares of its common stock and warrants to purchase 87,577,114 shares of common stock for all of the company's outstanding convertible preferred stock;
* SIRIUS sold 24,060,271 shares of its common stock to affiliates of Apollo Management, L.P. for an aggregate of $25.0 million in cash;
* SIRIUS sold 24,060,271 shares of its common stock to affiliates of The Blackstone Group L.P. for an aggregate of $25.0 million in cash; and
* SIRIUS sold 163,609,837 shares of its common stock to affiliates of Oppenheimer Funds, Inc. for an aggregate of $150.0 million in cash.
After giving effect to these transactions, at March 7, 2003, SIRIUS had $61.2 million in aggregate principal amount of outstanding debt, consisting of $29.2 million in aggregate principal amount at maturity of 15% Senior Secured Discount Notes due 2007, $30.3 million in aggregate principal amount of 14½% Senior Secured Notes due 2009 and $1.7 million in aggregate principal amount of 8¾% Convertible Subordinated Notes due 2009; and approximately 911,479,700 shares of common stock outstanding.
At March 7, 2003, SIRIUS had in excess of $300.0 million in cash, cash equivalents and marketable securities, an amount sufficient to cover its estimated funding needs into the second quarter of 2004. The company estimates that it will need additional funding of approximately $100.0 million before it achieves cash flow break even, the point at which revenues are sufficient to fund expected operating expenses, capital expenditures, principal and interest payments and taxes.
SIRIUS defines average monthly revenue per subscriber ("ARPU") as the total earned subscription revenue and activation revenue over the daily weighted average number of subscribers for the period. ARPU is not a measure of financial performance under accounting principles generally accepted in the United States and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with accounting principles generally accepted in the United States.
Why it is important-The Future of Bandwidth - Bandwidth Balloon
by Suzy Frisch
With demand surging for fast Internet connections, businesses will need bigger, better bandwidth.
Consumers and businesses are devouring bandwidth at a torrid pace. They’re using the Web to talk on the phone, access software over the Internet, and download increasingly large files such as high-definition videos.
Marc Agar, CEO of CA Communications, Inc., a Wayzata-based telecommunications consulting firm, tells his business clients that they’re going to need more and more bandwidth using different types of technology. “If you don’t have a fast connection, you might be losing revenue and customers because you can’t provide the right applications,” he says.
The escalating need for bandwidth is readily apparent at Qwest Communications. The provider has seen “explosive growth” as client traffic on its networks doubles every 15 months, says Qwest Minnesota’s President John Stanoch. This prompted Qwest to invest $300 million in its fiber optic system, which will boost speeds for two million business and residential digital subscriber line DSL) customers in 23 of its top markets.
Both consumer and business technologies are driving up the need for bandwidth. How much do you need today, and how might your needs change?
by Dave Zielinski
Companies often use one-size-fits all formulas to calculate their bandwidth requirements, she says, without factoring in unique data transfer needs. “They like to say, ‘Take 64K times each employee and that will give you how much total bandwidth the customer is going to need,’” Garlock says. But a graphics design firm with four employees who regularly transfer large multimedia or PDF files to clients might have far greater bandwidth needs than a 25-person insurance agency functioning as a customer service center and using applications on an office server, not the Web. “In that case, DSL lines might be sufficient for the insurance companies’ needs,” Garlock says.
You are right..lol I didn't read your post when I posted mine, did see it later, though. Sorry!!!!
Betcha no way. Just because I don't have SiriusXM radio to listen to, doesn't mean I can't own the stock. Those 2 can be separated.....:o}
Your quote:
I will move with him and sell my stock and I would be willing to bet about 1M others will do the same.
I was in SIRI in 2001, because couldn't buy XM they were too pricey. Made money even then. Nice to have them together.
I am with you, now they are making money, then they wern't even near of making profit.
Actually bought at 17-19 cents and put all my savings into it in Feb 2009. Felt a little crazy, but now I am verrrry happy.....lol I am in this long term, hoping to keep most of my free shares intact for a long time.
You didn't explain why I would be kidding. Don't you think 500 mil would have bought it?
Media content that SIRI owns by now, should be worth a lot in the coming years. Media will only expand, also to include the world, who haven't heard the quarter of it. Both video and radio I believe will go global, with all the satellite technology in place already. That is where the bandwidth will also become much more valuable.
When you just look back 5 years ago, there is a big difference. China and India are quickly catching up to US and Europe and it seems to me that they all like American entertainment more than anyone else's. With the younger generation it seems to be a status thing.
I feel bandwidth is the big media moguls price. The VOD will grow and that needs bandwidth, which is a moneymaker. Companies will be looking for more bandwidth. Sounds like SIRI has extra to rent out, which is nice passive income......;o}
Sirius owns the WHOLE Stern archive, I presume. With that they can rebroadcast all Stern shows for the next 5years.
That's about as valuable as reruns of "I Love Lucy".
Bunny sounds better turbodog....lol
Very well said...:o}
Very interesting, lots going on in the background. I still believe bandwidth is the goal for all these companies and licenses in Europa.
Interesting observation from eastunders post from SIRI board
We have to be realistic here. Sirius XM can't just flip a switch and make all of its content available globally. There are licensing concerns beyond its proprietary content. Programming may also have cultural hurdles to clear in foreign markets. However, it's not beyond the realm of possibility that the one company currently succeeding in premium radio -- Worldspace flopped abroad -- should lead the way in premium Internet radio.
I haven't heard of any "Big Blue Chip" stocks making huge profits, except maybe Apple. Seems every stock in the stock market nowadays has about a 2% gains tops.
Here is SiriusXM galloping along like there is no recession and lately it moves like a seesaw. Sure is weird. Many years ago, when they didn't even make money they were moving up just fine.
Tomorrow is the report, is that right?
WRSPQ has really low float, it is just coming out of Chapter 11.
8/13/2010 3:57p
Market Cap 329.7 K
Shares Outstanding 42.8 M
Floating Shares 26.6 M
Short Interest as % of Float 7.05 %
These are interesting points in the purchase agreement. Besides Samara has extra money when he bought WorldSpace for a "song and a dance" (like 23 Mil cheaper).
4. Acquired Subsidiaries. The following is hereby added to the list of “Acquired Subsidiaries” in Schedule 1.1(o): WorldSpace Europe Holdings ApS.
7. Subsidiary Operating Funds. For the avoidance of doubt, Section 1.2(a) does not include the cash and cash equivalents held by the Acquired Subsidiaries, including capital investments in the German and Danish entities to be formed.
Read more:
http://www.faqs.org/sec-filings/100629/WorldSpace-Inc_8-K/ss94863_ex202.htm#ixzz0wk7vqRLT
Wow it really can fly even a little bit of good news. I am glad I bought more......;o}
Not sure I think it is 38 Mil. MGTY1 might know.