Sirius XM Holdings Inc (SIRI)

[PennyHeaven7]

Annual Meeting Witness - Sounds good to me. From Yahoo Message board 30 minutes ago. $$$$

I attended Sirius’ annual shareholders meeting yesterday and was quite impressed with what I learned.

1. I was ecstatic by Mr. Karmazin’s announcement that the company will generate enough cash flow over the next several years to pay off approximately 1.5 billion in debt coming due.

2. I was a bit disappointed by Mr. Karmazin’s indifference to the idea of global expansion. I understand that the company is focused on US growth and improving financials, but the significance of the global market for satellite radio warrants more attention, even at this point.

3. It appears the Company is already planning price increases for next year. I got the sense that Mr. Karmazin feels the company has great pricing power. I agree.

4. Mr. Karmazin spoke enthusiastically about future growth in advertising revenue. He said the current quarter is showing a sizeable jump from the first quarter. I absolutely trust Mr. Karmazin’s knowledge and expertise in this area.

5. Expect more sizeable synergies from content renegotiations and technology migration.

6. Forget about a reverse split. Company will avoid at all cost. Mr. Karmazin expects to reduce debt and buy back shares with cash making the reverse split unnecessary.

7. Mr. Karmazin appears cautiously optimistic about signing Howard, although it doesn’t appear a decision will come anytime soon. Mr. Karmazin gave the impression he won’t bow down to Howard and stressed that they absolutely have a plan B if Howard doesn’t sign. He wouldn’t elaborate on that plan.

8. There are no expected capital expenditures for satellites in the next six years. This will help greatly with cash flow. I may be going out on a limb here, but my feeling is that in 6 years web connectivity (including vehicles) will be so ubiquitous that distribution by satellite will be unnecessary. This will result in significant cost reductions.

9. Mr. Karmazin appears to be primarily focused on growth of OEM and CPO markets. Retail is not a priority at this point.

10. Mr. Karmazin spoke prominently about marketing deals with new partners.

11. When asked about a buyout Mr. Karmazin stated that he will listen to all offers, but will only sell if the price is right. A firm’s present value equals its discounted future expected cash flows. Based on Mr. Karmazin’s optimistic view of the firm’s future cash flow generating ability I expect him not to sell cheaply. I felt he was sincere in his comments about cashing in on shareholder value.

http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_S/threadview?m=tm&bn=22318&tid=4853364&mid=4853364&tof=8&frt=1