Zeev's Turnips Patch-No Politics (ZEEV)

[Joe Stocks]

SIRI- Alex, I don't know what anyone would see in this stock fundamentally to go long. They lost $133 mil last quarter on sales of just $13 mil. SIRI losses seem to go with higher volume.

I don't think anyone understands that SIRI has 1.24bil shares outstanding. If they would earn just a penny a share that would be $12.4 mil. Now tell me how they go from a $133 mil loss on $13 mil in sales to earning a profit of just 1 penny a share or $12.4 mil? Then tell me how they can get there with just $634 mil in cash and over $500 mil in debt.