To thyself be true
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Wonder how Worldspace will fit in this scenario. Took this from SIRI board thought it was interesting...
Posted by: DAVE_007 Member Level Date: Monday, April 19, 2010 9:55:34 AM
In reply to: foxy who wrote msg# 16622 Post # of 16623 Send a link via email Share on Facebook Tweet this post
I bet SIRI will triple if this ever happens..June 2009 article..
Looking at Liberty Media, and all its diverse holdings, I have been unabashedly excited at what I have found as it relates to SIRIUS XM (SIRI). There are many both fundamental and speculative reasons to be excited at this strategic partnership. Whether it be DirecTV (DTV), Wild Blue, Zoombak, mobile streams or any of the other Liberty Media holdings, one can’t help but wonder what is to come. Especially, as a fan of Sirius XM Radio. Though these things alone are enough to get any true fan daydreaming about the possibilities, there may be more to what is going on and in play than meets the eye.
With the APPLE (AAPL) OS 3 application just days from release, and with Sirius recently commenting on its Apple application coming before the end of the 2nd quarter, things are looking up. The iPhone app will undoubtedly be a player with Internet radio from a global perspective. It appears that things are also looking global for Sirius XM. To that end, let me bring to focus another piece of John Malone’s global empire, Liberty Global (LBTYA, LBTYB, LBTYK).
Liberty Global, Inc. (“Liberty Global”) is the leading international cable operator offering advanced video, telephone, and broadband internet services. We operate broadband communications networks in 15 countries principally located in Europe, Japan, Chile, and Australia. Liberty Global’s operations also include significant media and programming businesses such as Chellomedia in Europe, as well as interests in content businesses in each of our regional markets.
Through the efforts of 22,000 employees worldwide, Liberty Global connects 16.9 million customers to the world of information, communications, and entertainment. As of March 31, 2009, Liberty Global’s networks passed more than 34.0 million homes and served more than 26.0 million RGUs, including approximately 15.5 million video subscribers, of which 6.8 million were digital cable and DTH subscribers, 6.3 million broadband internet subscribers, and 4.8 million voice subscribers.
• Active in Europe (UPC Broadband, Telenet, Chellomedia), The Americas (VTR, Liberty Puerto Rico) and Asia Pacific (J:COM, Austar)
It would seem that Sirius XM is not just a taker, but also a giver to the Liberty companies and John Malone. They get exclusive content and can leverage it over multiple possibilities….which I am sure was part of the justification for the agreed investment stake just when Sirius outwardly appeared to be imploding. Liberty Global has a large subscription base already…just like Sirius, giving that base a potential purchase option of exclusive subscription programming can only help.
In addition, the iPhone app just might be a lot more important than we think. It seems that this all is coming together like a puzzle of a thousand pieces that is turning into global expansion without the hurdle of Spectrum licensing that is so expensive and difficult to procure.
As I close let me just say that there is a lot more to what is unspoken, than to what is constantly rehashed over and over again in the mainstream media. Jim Cramer stated that Sirius' stock was worthless. This is p
Sirius XM Does Some Housekeeping
April 18, 2010 (5:10 pm) Spencer Osborne
The last couple of quarters for Sirius XM have bolstered the confidence of many investors, but as always there is still some housekeeping to do, and the company performance needs to be proofed. The company accomplished a little bit of housekeeping last week by consolidating two of their wholly-owned subsidiaries. Effectively, XM Satellite Radio Holdings was rolled into XM Satellite Radio, Inc.
What does this mean to the average investor? At this point very little. The benefits of this move will more likely bear fruit later on. What is happening should be considered a big step for the future of the company. Sirius XM Radio is cleaning up their balance sheet, and simplifying things. It is moves like this that will bring more investors into this equity as their quarterly performance continues to demonstrate that the satellite radio is on the right path for growth and profits.
As with many filings, people tend to read and react without understanding what is really happening, and often this creates confusion, and by extension, a series of e-mails to my in-box. Some even derive extremely complex scenarios by trying to “read between the lines”, when the most logical explanation is often the most simple one. The 8K which detailed this transaction is simple and straight forward. There is no reason to draw conclusions that simply do not exist.
The most popular question I have received is whether or not Sirius XM can now re-negotiate contracts (especially the MLB contract). The answer is that ANY contract can be re-negotiated at any time so long as that ALL INTERESTED PARTIES are open to that type of discussion. This latest move by Sirius XM did not materially change anything in these contracts. With regard to the MLB contract, one only needs to ask what is in it for Major League Baseball? The simple answer…NOTHING. Major League Baseball has NO REASON to re-negotiate. They are being paid handsomely for the current contract, and hold an option to extend that handsome pay-day for another year. Baseball has all of the cards, and would be fools to re-negotiate. Rest assured, Sirius XM has likely sat at the table with MLB more than once regarding this issue, and has always walked away with nothing. Simply stated, the baseball deal will stay exactly how it is.
Housekeeping is a good thing. Cleaning up the balance sheet is a good thing. Neither are very sexy, and neither will drive the price up instantaneously, but BOTH will pay off as the quarters continue to roll by.?
http://siriusbuzz.com/
eastunder-Thank You for being the moderator on our board and I also enjoy every ones intelligent input, there is no BS and it helps a lot.....;o}
MGTY1-I want to THANK YOU for all the work you do on our board and the updates. Plus all you others too, it has been very informative through all this nervous waiting.......;o}
Foxy that's why the free cash flow comment was so important in the interview between Mel and David Farber on CNBC.
Key facts-Liberty Global
as of December 31, 2009
• Leading international cable operator
• Revenue: $11.1 billion for the 12 months ended December 31, 2009
• Employees: 23,000
• Active in Europe (UPC Broadband, Telenet, Chellomedia), The Americas (VTR, Liberty Puerto Rico) and Asia Pacific (J:COM, Austar)
• 34.8 million homes passed
• 16.6 million customers
• 27.1 million service subscribers (RGUs), including video, internet, and voice
-------------------------
Chellomedia
From Wikipedia, the free encyclopedia
Chellomedia, the European content division of Liberty Global is a leading international media company & distributor of channels, content and video services. The division’s operating companies and business units, currently own and operate 30 branded TV channels and run a suite of digital, On Demand and broadband services in Europe. The aggregate subscriber base of the channels and its feeds reach 188 million homes.
Chellomedia runs its businesses through nine business units:
----------------------------
History
The company was originally founded to distribute television programs in Eastern Europe, but now operates in 125 countries. They operate channels under 7 brands, albeit with some limited to specific countries, and provide 22 sound tracks across these.
Its English speaking-targeted channels show mainly US and Canadian imports as well as older BBC and ITV produced content; whereas its Central European stations show large quantities of recent British television. Original sound tracks are provided on most shows which are dubbed.
On 14 September 2009, it was revealed that the international arm of CBS, CBS Studios International, struck a joint venture deal with Chellomedia to launch six CBS-branded channels in the UK during 2009. The new channels would replace Zone Romantica, Zone Thriller, Zone Horror and Zone Reality, plus time shift services Zone Horror +1 and Zone Reality +1.[1][2] On 1 October 2009, it was announced that CBS Reality, CBS Reality +1, CBS Drama and CBS Action would launch on 16 November 2009 replacing Zone Reality, Zone Reality +1, Zone Romantica and Zone Thriller.[3]
On 5 April 2010, Zone Horror was re-branded as Horror Channel, following the re-brand of the portfolio’s other three channels in November 2009.[4] On-air the channel name appears as Horror. The rebrand was produced by Chello Zone’s in-house creative services team.
Key facts-Liberty Global
as of December 31, 2009
• Leading international cable operator
• Revenue: $11.1 billion for the 12 months ended December 31, 2009
• Employees: 23,000
• Active in Europe (UPC Broadband, Telenet, Chellomedia), The Americas (VTR, Liberty Puerto Rico) and Asia Pacific (J:COM, Austar)
• 34.8 million homes passed
• 16.6 million customers
• 27.1 million service subscribers (RGUs), including video, internet, and voice
-------------------------
Chellomedia
From Wikipedia, the free encyclopedia
Chellomedia, the European content division of Liberty Global is a leading international media company & distributor of channels, content and video services. The division’s operating companies and business units, currently own and operate 30 branded TV channels and run a suite of digital, On Demand and broadband services in Europe. The aggregate subscriber base of the channels and its feeds reach 188 million homes.
Chellomedia runs its businesses through nine business units:
----------------------------
History
The company was originally founded to distribute television programs in Eastern Europe, but now operates in 125 countries. They operate channels under 7 brands, albeit with some limited to specific countries, and provide 22 sound tracks across these.
Its English speaking-targeted channels show mainly US and Canadian imports as well as older BBC and ITV produced content; whereas its Central European stations show large quantities of recent British television. Original sound tracks are provided on most shows which are dubbed.
On 14 September 2009, it was revealed that the international arm of CBS, CBS Studios International, struck a joint venture deal with Chellomedia to launch six CBS-branded channels in the UK during 2009. The new channels would replace Zone Romantica, Zone Thriller, Zone Horror and Zone Reality, plus time shift services Zone Horror +1 and Zone Reality +1.[1][2] On 1 October 2009, it was announced that CBS Reality, CBS Reality +1, CBS Drama and CBS Action would launch on 16 November 2009 replacing Zone Reality, Zone Reality +1, Zone Romantica and Zone Thriller.[3]
On 5 April 2010, Zone Horror was re-branded as Horror Channel, following the re-brand of the portfolio’s other three channels in November 2009.[4] On-air the channel name appears as Horror. The rebrand was produced by Chello Zone’s in-house creative services team.
SIRI stock can really go high, when the float gets smaller and smaller. Pretty soon many more longs are going to own SIRI, than just day traders and shorts. There are institutional buyers that buy every 3 months and they buy in the millions.
Liberty has money, at least it looks like it, the way they have been buying the 2nd largest cable company in Germany, plus they seem to be funding some other media companies in Europe, and don't forget WorldSpace. Talk about MEGA shopping spree...lol. They can make an offer to buy SIRI in 2011. They already have gobbled up 600 Mil. shares.
SIRI can start buying back shares with all the free cash flow money they are accumulating.
People who subscribe to SIRI service are satisfied customers and CNBC seems finally to pat this little puppy on the head...;o} They used to kick it every chance they got.
P.S.
Was talking about SIRI stock to a friend and he told me how happy he is with SiriusXM service in his used truck. He promptly went to his Schwaab account and sold a $5 dollar stock to open a new account on Scottrade, so he can buy SIRI stock online and also follow the progress online. He is long and wants to keep the stock long term like me. There are many more retail investors that are coming in long.
Told my friend when SIRI was at .85 but he didn't buy until it was .97.
TheStreet - Another Up-and-Down Week for Sirius XM
By Andrea Tse 04/16/10 - 04:30 PM EDT
?NEW YORK (TheStreet) -- Sirius XM(SIRI) stock is a fickle mistress -- alluring one day, moody the next; up one moment, then down again. And the week just passed was no exception.
Thus, for investors concerned about Friday's drop in Sirius XM share price, relax: analysts say that the share-price decline is nothing to panic about.
By midday Friday, Sirius XM stock had fallen by 7.2% to a little over $1, before righting itself to close out the day at $1.08, or a drop of 3 cents on the day. In doing so, Sirius XM stock closed above $1 for the third straight day -- a notable achievement for one very notable reason: Sirius XM hopes, of course, to remain above $1 long enough to satisfy the Nasdaq listing requirements.
"I wouldn't read too much into the price decline today," Barrington Research equity analyst John Hain wrote in an email. "As a stock that has a relatively low price per share, it is particularly susceptible to the impact of day traders. And this is likely just an instance of profit-taking by investors with very short time horizons."
S&P equity analyst Tuna Amobi calls the volatility of Sirius XM stock "just the nature of the beast ... you just have to have the stomach for its volatility to hold on to the stock. While [a] 7% [drop] may sound like a lot -- for a one dollar stock, it doesn't really take that much to move it."
S&P currently has a 12-month price target of $1.50 for Sirius XM stock, but still recommends it as a hold, factoring in its volatility and risk-reward considerations and the company's unique capital structure. The stock, of course, is rated high-risk.
On April 14, Sirius XM announced that it added 171,441 net subscribers in the first quarter of 2010, compared to a net subscriber decline of 404,422 during the same period last year. Shares rallied that day, climbing from a Tuesday closing price of 96 cents to a Wednesday close of $1.07 -- and adding three more cents to reach $1.10, entering Friday's trading.
Thus, Amobi cautions that Friday's share price action could also just be "people trying to digest some of the gains." The net subscriber figure was much stronger than Amobi expected, and he says that he sees the company being on track to realizing its outlook.
Morningstar analyst Michael Corty, for his part, says that he expects Sirius XM to continue adding subscribers as the economy improves. In the short-term, Corty attributes the subscriber growth to the auto sector improving.
Still, Corty cautions that the longer-term threats to Sirius XM's growth are still in play. "Other possible technology could emerge over the next several years that could emerge as a substitute for satellite radio," he said. New technology and wireless capabilities within cars are among the threats that he's referring to.
Sirius XM on April 14 also said that the conversion rate from a trial subscription included in the sale of a vehicle to a self-pay subscription improved in the first quarter of 2010 to 45.2%, up from 44.6% for year-ago period.
"The continued year-over-year improvements in the conversion rate ... it essentially demonstrates that nearly half of all trial subscribers find enough value in the service to continue to maintain those subscriptions after the trial expires," Hain said.
-- Reported by Andrea Tse in New York
http://www.thestreet.com/_yahoo/story/10728446/1/another-up-and-down-week-for-sirius-xm.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA
Liberty Global-backed Chellomedia
Ono sells Teuve to Chellomedia
Written by Rose Major
Monday, 12 April 2010 20:57
Liberty Global-backed Chellomedia has purchased channel operator Teuve from Spanish cable operator Ono. The move adds 12 channels to Chello Multicanal’s slate.
Seller Ono was struggling, and while a 2008 restructuring seems to have paid dividends, with the operator returning to profit in 2009, revenues continue to fall at the operation.
Teuve channels are present in 2.2 million Spanish homes, all of Spain’s principal cable and internet TV providers. It also offers mobile and broadband channel versions. Teuve’s services include movie and cinema-focused channels CineStar, CTK, Xtrm and Somas; entertainment channel Buzz; music service Pacha TV; nature dosumentaries service Natura. The operator also handles the Spanish versions of MGM and KidsCo.
Chello Multicanal already operates seven channels itself: Canal Hollywood, Canal Cocina, Odisea, Sol Música and Decasa, plus Bio and Historia as part of a joint venture with A&E Television Networks.
The deal includes all Teuve’s programming assets, as well as playout facilities. Teuve uses a fully digital tape-less environment with a unique data repository that serves the current 12 channels based in standard technologies such as Grass Valley, DIVA Front Porch, Pebble Beach and Tarsys Tedial.
The new company will have channels present in four million homes.
© Rapid TV News 2010
It won't see under $ again. eom
Monday we should find out something, Sat. 17th is some court hearings.
Nasdaq risk metrics show Siri at 296 which is quite low risk.
http://www.nasdaq.com/services/riskMetrics.stm?&lnk=I
The REAL buyers come in when it is red, the scared and small buyers come in when it is green. Rule 101 in the stock market. I made great money in 2001 in the week of 9/11/01. Everyone sold and I bought.
Wonder what the book ratio was in 2001..lol???
From another SIRI board
WELL, WHAT'S NEXT? 14-Apr-10 05:43 pm
What's next...
$1.08 is a key price point that SIRI is working through. There is some more fabricated pressure being placed at $1.10, aka a fake wall.
What you saw today was a wall failure.
Shorts had previously set buy stops set at $1.02 and $1.03 hoping that enough "new" shorts would enter the trade at $1.00 or $1.01 and protect their positions and that the rally stall created by this method would generate a profit taking cycle and depress the price.
Since these stop points were breached during PM, they were raised to $1.06, just above the PM high and "fabricated pressure" placed at $1.05. At the same time new short positions taken at $1.02 in an effort to kill the rally. Since this rally is real, the bluff failed and these new short positions were covered and the reason you saw volume and price jump quickly to the $1.04/$1.05 trade.
Fabricated pressure is nothing more than a sell order placed at a particular price, with intentions of only selling a small percentage if required. The goal is to get sellers to place a order on the ask below the fab price. There are a few tricks MM's will use to reduce the sell rate, and why you often see ask orders changing positions on your quote screen.
Now once the price reached $1.05, momentum was chipping away at the ask and when it reached the max sell rate the fab order was pulled and
buy stops allowed to fill. That is why you saw a much larger jump in volume. This process of short protection almost always compounds the stop orders.
Typically you'll see short positions taken up in traunches, much like averaging into a long position on the way up. This builds support for your position. This last short play from the top seems to have been taken in three groups and two have just been taken out of play. There is only one left.
Just as today, the final traunch is being played the same way. Shorting from $1.08, with fabricated pressure at $1.10. My estimate is that the final buy stops are set at $1.12 and from this point the final group will fully cover.
The long term trend has strengthened since the breakout from last Wednesday. This is due to a change in market perception derived from fundamental improvements and market conditions showing high probability of growth and profit potential. The release today was timed to reinforce the trend. Good job by SIRI.
Based on today's action and high probability that you'll see some print articles overnight highlighting SIRI as on the grow again, you'll likely see the final wall failure occur tomorrow and shorts will set the stock free.
Expect to see a nice run up to the $1.40 range, believe it or not, where it will wait for confirmation. You can call this your pre earnings rally.
Confirmation and guidance will place the next move to $1.80 and this is where you're likely to see the next short play develop from. Of course they'll try the typically sell on earnings ploy as usual, but they're playing off of a empty hold and their cover will only fuel the move up.
Enjoy and Good Luck.
eastunder-Still sitting on my hands..lol
Two more days we should find out something....;o]
It will never go below $ again that is history. This is an opportunity of a lifetime IMHO.
SIRI at one time in 2001 was up as high 2000/03/01 64.88
Bingo!!! Big buys after hours
Someone bought.
After hrs. 16:02 P.M.-$ 1.04-1,000,000
When SIRI in 2005 was $6.63 and nothing but debt...
OLD notes about SIRI....
Mon. September 26th, 2005
Sirius Satellite Radio Inc. (SIRI) $ 6.63
Market Cap (intraday): 8.80B
Profitability
Profit Margin (ttm): -574.24%
Operating Margin (ttm): -565.79%
Management Effectiveness
Return on Assets (ttm): -21.66%
Return on Equity (ttm): -82.54%
Income Statement
Revenue (ttm): 139.74M
Revenue Per Share (ttm): 0.109
Qtrly Revenue Growth (yoy): 294.50%
Gross Profit (ttm): -73.90M
EBITDA (ttm): -516.72M
Balance Sheet
Total Cash (mrq): 583.22M
Total Cash Per Share (mrq): 0.439
Total Debt (mrq): 654.31M
Cash Flow Statement
From Operations (ttm): -381.09M
Free Cashflow (ttm): 75.50M
2-Week High (07-Dec-04)3: 9.43
52-Week Low (28-Sep-04)3: 2.60
----------------
Here is about both XM and Sirius when they were competitors.
XM in 2002
04/11/02 XMSR100@12.31
-----------------------------------
Nov 2004
Media International Concepts, Inc. is a Nevada Corporation formed for the purpose of aggressively pursuing the acquisition of advertising, entertainment and educational programming and production companies to create synergies and exploit traditional and emerging distribution channels. For example, the Company recently announced the development of radio talk show segments for sale to satellite radio companies such as Sirius Satellite Radio and XM Satellite Radio. Media Concepts realizes the tremendous opportunity in a rapidly expanding arena in the automotive industry. Currently, General Motors has over 3 million subscribers to XM Radio, and that is anticipated to expand to 4 million over the next couple of years. In addition, BMW, Chrysler, and Ford also have strong support in the Sirius Radio market. This represents a huge number of automobiles that are tuned in, and there are a number of opportunities available because of this concept. Media Concepts is currently in talks with new cable networks which are initiating carriage and financing discussions with companies such as Comcast, Time-Warner and DIRECTV to develop radio talk segments based on their video content. The radio talk show market is in its infancy, and innovative firms like Media Concepts are ready to seize their share.
I am like you FOXY..;o}. The engines have started!!!! Said last summer that SIRI was going to go up like a rocket or maybe it was it was going to pop like popcorn, take your pick....lol
Ouch... I feel sorry for any shorts, should put some long pants on or they will loose their hiny. My first thought before the open this morning.
Plus lots of businesses have it as a background music (no commercials). My previous dentist did way long ago. Then there is the global factor, services that we don't even know about yet etc....... this is the stock to own.
From now on, we won't see under anymore. EOM
WOW MGTY1 what an interesting scenario!
Does this mean what I think it means? Volume is only 935 and it went up 31.82% . No more shares available?
If they wanted to totally wipe out WRSPQ, they would have gone Chapter 7 (only my opinion).
Sirius XM Radio Inc: Earnings Growth Rates
http://moneycentral.msn.com/investor/invsub/analyst/earnest.asp?Page=EarningsGrowthRates&Symbol=SIRI
Have they done it already?
I agree nomoneyleft totally. eom
July 11, 2010 2:15 P.M.
Could this be why the run-up? Going Global...........
http://www.ses-astra.com/business/en/satellite-fleet/interactive-footprint-map/index.php
That must be behind the run-up of SIRI. Liberty I am sure is pulling a lot of strings there. I believe SIRI is going global, there was talk about that loooong time ago about it, when it wasn't even possible, because of money. Now with Liberty in the mix it certainly is possible.
Now we need to know how WRSPQ fits in the picture.
Liberty takes UPC to Switzerland
Written by Jörn Krieger
Wednesday, 31 March 2010 14:43
Switzerland’s largest cable operator Cablecom will adopt the UPC brand on 1 April. The new logo will be used in parallel with the current brand to ensure a smooth transition for the customers, the company said in Zurich.
The new logo combination will be used for the first time in advertisements for the new broadband tariffs launched on 1 April which offer a data rate of up to 100 Mbit/s. Cablecom announced in autumn 2009 to rename the company into UPC in 2010, thereby taking on the umbrella brand of the European cable assets of US-based parent company Liberty Global which acquired Cablecom in 2005.
In neighbouring Germany, Liberty Global recently took over the country’s second largest cable operator Unitymedia, leading to speculation that the UPC brand could be introduced in Germany as well soon. Liberty Global has not yet commented on the issue.
http://www.rapidtvnews.com/index.php/201003316242/liberty-takes-upc-to-switzerland.html
Liberty takes UPC to Switzerland
Written by Jörn Krieger
Wednesday, 31 March 2010 14:43
Switzerland’s largest cable operator Cablecom will adopt the UPC brand on 1 April. The new logo will be used in parallel with the current brand to ensure a smooth transition for the customers, the company said in Zurich.
The new logo combination will be used for the first time in advertisements for the new broadband tariffs launched on 1 April which offer a data rate of up to 100 Mbit/s. Cablecom announced in autumn 2009 to rename the company into UPC in 2010, thereby taking on the umbrella brand of the European cable assets of US-based parent company Liberty Global which acquired Cablecom in 2005.
In neighbouring Germany, Liberty Global recently took over the country’s second largest cable operator Unitymedia, leading to speculation that the UPC brand could be introduced in Germany as well soon. Liberty Global has not yet commented on the issue.
http://www.rapidtvnews.com/index.php/201003316242/liberty-takes-upc-to-switzerland.html
WOW NY73 that article should go on SIRI board
Just mention another aspect of the technology, nothing in particular to do with WorldSpace.
Both of my sons work with gov. in classified capacity, but I know they use Satellites to fly/control unmanned air crafts from US to both Irak as well as other parts of the world.