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Old 11-02-2005, 03:55 PM   #1
JACK HASS
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Default Sirius Are They In Trouble?

I want to get Sirius radio to listen to Stern, and I would get the Lifetime membership, but I am scared to put any money into Sirius after reading the shareholder expense report. I don't know if I am reading it right but Sirius is loosing $170,000,000 (million) dollars a quarter, half a billion dollars a year.

http://www.shareholder.com/Common/Ed...3073/05-00.pdf

Starting 2006 Sirius will be paying Sterm 100 million dollars a year.
Sirius gives their executives 50 million in stocks a year and 2 million in cash payment.

All of this debt and they are only taking in $52,000,000 a year. It seem like Sirius is doomed.

Someone tell me they are going to be ok.
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Old 11-02-2005, 04:02 PM   #2
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They'll be fine, they expect to be CFBE as early as 4Q 06 and remain that way throughout 2007.

If you look at Bridge Ratings, they predict that Stern will bring in 1.4M subs, more than enough to pay for him. And any retailer will tell you that Sirius is selling like hotcakes.

You don't have to get the lifetime sub if you are still shaky.
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Old 11-02-2005, 04:05 PM   #3
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I went lifetime, and have been a stockholder, so obviously I don't think there's anything to worry about. They have lot's of cash in the bank to fund the losses. Also realize that many of those losses aren't cash losses, but losses accumulated by depreciating Satellites that are already paid for, thus no cash impact.
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Old 11-02-2005, 04:05 PM   #4
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2 1/2 years ago I MAY have had this concern, but not likely even though they were losing tons of money. However, today, you should have NO CONCERN about that. Sirius keeps increasing revenue by huge amounts each quarter, and they have a huge amount of cash on the balance sheet. Go buy your radio,sign up for the lifetime, enjoy Howard amd everything else Sirius has to offer. Once you start to enjoy it, be sure to show and tell all your friends about Sirius.
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Old 11-02-2005, 04:37 PM   #5
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I smell a troll.

Anybody who's been reading the online stock reports and forecasts, knows that Sirius is looking real good right now. Their stock is noticeably up, while XM has taken a 20% downturn.

Virtually all financial indicators are looking very good for Sirius right now.
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Old 11-02-2005, 04:37 PM   #6
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They'll let you use unused balance of a 1-year or 2-year subscription toward a Lifetime.

Got a 2-year in April, decided in September I would never want to be without it.

I believe Sirius has a bright future.
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Old 11-02-2005, 05:49 PM   #7
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Guys, i think you might have fallen for this question--The guy isnt interested in getting Stern as much as putting Sirius down--hmmm
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Old 11-02-2005, 05:56 PM   #8
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Quote:
Originally Posted by garypl
Guys, i think you might have fallen for this question--The guy isnt interested in getting Stern as much as putting Sirius down--hmmm
I realize that, which is why I stated "I smell a troll" in my previous post.
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Old 11-02-2005, 06:36 PM   #9
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Considering his name is "JACK HASS" I think it's safe to assume he's a troll.


But, thats the beauty of satellite services. It costs them the same to give service to one person as it does to a few million people, since the signal's in the air and all they need to do is activate a tuner. Not like cable TV or anything where they actually have to spend the money to install it to a certain location. As the number of subscribers grow, their cost still stays the same, so they should break even in no time.
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Old 11-02-2005, 09:22 PM   #10
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A Troll?

You can think what you want.

I have listened to Stern for over 20 years and want to continue to do so.

but it seems like any Satellite company turning a profit given the current way of doing bussiness is not possible.

How many more subscribers at $12.95 a month are needed to make up for a loss of 170 million dollars a quarter?

I think this guy is right on the money

http://moneycentral.msn.com/content/P134732.asp

Tell me why I am wrong, make me feel ok about putting down $600 for a lifetime membership and the receiver.

at least convince me Sirius will be ok for the next 5 years.
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Old 11-02-2005, 09:30 PM   #11
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Quote:
Originally Posted by JACK HASS
Tell me why I am wrong, make me feel ok about putting down $600 for a lifetime membership and the receiver.

at least convince me Sirius will be ok for the next 5 years.
No need to put down a lifetime membership right away until you are secure in the facts about Sirius. What's wrong with simply paying the 12.95 for awhile?

Sirius has stated that they will have cash flow break even end of next year and will probably have around 6M subscribers. Once CFBE occurs, the financial risk disappears. Nothing is certain in this world, so sorry can't do any better than that.

Also you need to separate purchasing stock, from subscribing to the service. An investment can be considered bad in the stock market even though it's a good company. Consider how bad MSFT stock has been in the last couple of years and they have boatloads of cash.
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Old 11-02-2005, 10:01 PM   #12
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I am worried about the $499. offer going away, it seems like such a good deal. I did read the stipulations that go along with the lifetime offer.

I would feel ok if I got 4 years out of the lifetime service.

I am working on getting a lifetime Sirius subscription as a Christmas present.

Thank you for the information so far.
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Old 11-02-2005, 10:10 PM   #13
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Sirius will be cash flow positive in 2007, maybe even 2006 4th quarter.

Take a pencil to it, Sirius will be at 3 million by the end of the year, and I would expect that they will be between 5 and 6 million by the end of 2006.

Monthly Rate Subscribers Monthly Annulaized
$10.00 1000000 $10,000,000.00 $120,000,000.00
$10.00 2000000 $20,000,000.00 $240,000,000.00
$10.00 3000000 $30,000,000.00 $360,000,000.00
$10.00 4000000 $40,000,000.00 $480,000,000.00
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Old 11-02-2005, 10:11 PM   #14
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LOL Just pay it monthly then worry-wart!
But you realize if you pay the extra $$ for the lifetime option, you will help get Sirius in the black that much faster!
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Old 11-02-2005, 11:15 PM   #15
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i love when people post and insist on being convinced to subscribe. Its not as if anyone in a public forum is going to have the necessary insider information to make a usefull judgement as to the future of Sirius as a company. read the same public info that we all have access to and make your own decisions.
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