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Old 11-08-2006, 06:32 AM   #1
bluefenderstrat
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Default Sirius 3rd Q loss narrows.

Still a huge loss, but they beat estimates and subscriber acquisition costs fell to $114 from $149 last year. Stock is bidding up this AM, so I'd say this report is perceived as a good one.


"NEW YORK (Reuters) - Sirius Satellite Radio Inc. (NASDAQ:SIRI - News) said on Wednesday its quarterly net loss narrowed as revenue more than doubled on a sharp increase in subscribers to its fee-based service.
The third-quarter net loss was $162.9 million, or 12 cents a share, versus a loss of $180.4 million, or 14 cents per share, a year ago.

The company added about 441,000 net subscribers in the quarter for a total of 5.1 million.

Both Sirius and bigger rival XM Satellite Radio Holdings Inc. (NASDAQ:XMSR - News) are growing rapidly but losing money as they beef up their technologies and enlist top-shelf entertainment, such as Sirius deals with the National Football League and shock jock Howard Stern."
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Old 11-08-2006, 06:38 AM   #2
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Quote:
Originally Posted by bluefenderstrat
Still a huge loss, but they beat estimates and subscriber acquisition costs fell to $114 from $149 last year. Stock is bidding up this AM, so I'd say this report is perceived as a good one.


"NEW YORK (Reuters) - Sirius Satellite Radio Inc. (NASDAQ:SIRI - News) said on Wednesday its quarterly net loss narrowed as revenue more than doubled on a sharp increase in subscribers to its fee-based service.
The third-quarter net loss was $162.9 million, or 12 cents a share, versus a loss of $180.4 million, or 14 cents per share, a year ago.

The company added about 441,000 net subscribers in the quarter for a total of 5.1 million.

Both Sirius and bigger rival XM Satellite Radio Holdings Inc. (NASDAQ:XMSR - News) are growing rapidly but losing money as they beef up their technologies and enlist top-shelf entertainment, such as Sirius deals with the National Football League and shock jock Howard Stern."

I don't see anything they could view as negative in this report. They beat the analysts estimates by .02. That should be good, right?
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Old 11-08-2006, 09:49 AM   #3
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I guess some may argue that churn was higher than expected, but all in all, I think this is a very good report. This industry maybe turning the corner, with both companies reporting smaller losses. That is actually a very, very good development.
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Old 11-08-2006, 10:00 AM   #4
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Everyone is all excited about Q3 conf calls by Sirius and XM, rightfully so, but just wait until Q4 conf calls. Assuming everything goes as planned by both companies, they will be able to quiet most of the naysayers on the category of satellite radio.

If both companies hit published sub goals along with generating positive cash flow and maintaining sac, these stocks will appreciate greatly in 2007.

Its a good time to be LONG Sirius and XM!!!!
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Old 11-08-2006, 10:40 AM   #5
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The Street.com stated today that sirius remains the preferred satellite radio choice even though XM has more AutoManufacturing Deals. They also stated that they think both stocks are way overpriced for companies that haven't showed profits yet. I have yet to buy either stock. I am thinking that both will spike abit on the good news but will fall after profits are taken. I am going to watch these and if they fall much i will buy and hope they turn profts. I think that is win they will jump(duh).
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Old 11-08-2006, 12:58 PM   #6
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Quote:
Originally Posted by bear_s75
The Street.com stated today that sirius remains the preferred satellite radio choice even though XM has more AutoManufacturing Deals. They also stated that they think both stocks are way overpriced for companies that haven't showed profits yet. I have yet to buy either stock. I am thinking that both will spike abit on the good news but will fall after profits are taken. I am going to watch these and if they fall much i will buy and hope they turn profts. I think that is win they will jump(duh).
I've only been investing for a few years now, and 95% of my money invested is in Stock Mutal Fund, Roth IRA type long term investments.

SIRI is the only stand alone stock I currently own, and I keep reading about it being over priced. I bought it when it was just off it's 52 week low, and I keep thinking "if everyone thinks it's over priced what should the real value actually be?" Seriously how much lower can a $4.00 stock drop before it's not considered overpriced? I think Sirius is almost a fool proof investment. If it drops too much lower the company will get bought out and I will be able to recover most, if not all, of my 'losses.' If it goes up, like many of us think it will, then I make money.
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Old 11-08-2006, 02:26 PM   #7
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Quote:
Originally Posted by River_King
I've only been investing for a few years now, and 95% of my money invested is in Stock Mutal Fund, Roth IRA type long term investments.

SIRI is the only stand alone stock I currently own, and I keep reading about it being over priced. I bought it when it was just off it's 52 week low, and I keep thinking "if everyone thinks it's over priced what should the real value actually be?" Seriously how much lower can a $4.00 stock drop before it's not considered overpriced? I think Sirius is almost a fool proof investment. If it drops too much lower the company will get bought out and I will be able to recover most, if not all, of my 'losses.' If it goes up, like many of us think it will, then I make money.


Well for starters even at $4 its still valued about twice as much as XM. Thats a very high premium regardless of your feelings about either company.
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Old 11-08-2006, 02:45 PM   #8
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Quote:
Originally Posted by River_King
I've only been investing for a few years now, and 95% of my money invested is in Stock Mutal Fund, Roth IRA type long term investments.

SIRI is the only stand alone stock I currently own, and I keep reading about it being over priced. I bought it when it was just off it's 52 week low, and I keep thinking "if everyone thinks it's over priced what should the real value actually be?" Seriously how much lower can a $4.00 stock drop before it's not considered overpriced? I think Sirius is almost a fool proof investment. If it drops too much lower the company will get bought out and I will be able to recover most, if not all, of my 'losses.' If it goes up, like many of us think it will, then I make money.


Big warning-

No such thing as a fool proof investment.
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Old 11-08-2006, 03:21 PM   #9
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Quote:
I think Sirius is almost a fool proof investment.
free advice: you may want to stick with the mutual funds.
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Old 11-08-2006, 05:06 PM   #10
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Quote:
Originally Posted by FlagRiot
free advice: you may want to stick with the mutual funds.
LOL Thanks...I did use the terms "almost fool proof," and "not lose much money."

I picked up the stock just off its 52 week low a few months ago somewhere in the 3.68-3.75 range. I realize the stock is classified as a "high risk" investment, but I can't see the stock dropping below $2.00 without being bought out. If that were to happen I would still recover over half my investment. SIRI has huge long term potential. So when the reward is huge and the "high risk" only about half of what I put in, it would follow that the investment could be "almost fool proof."

Consider it like pot odds in poker. Small call=small loss if I'm wrong, but big pot if I'm right...so was I getting the right odds to make the call is really the question. I really think SIRI is a good bet, but I guess the hand isn't finished yet either.
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Old 11-08-2006, 06:38 PM   #11
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I thought XM was a fool proof investment over $30 a share.

GREAT Quarter for Sirius and XM!

The sector looks like it is finally headed back up.

Mel's $1 Billion comment still has me scratching my head... I had a Clayton like flashback when I read that.

Of course $1 Billion to what costs?

Anyway both companies are headed the right way!
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Old 11-08-2006, 06:57 PM   #12
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Yea, maybe someone smarter than me can explain that comment too. What he said was 3 billion in revenue and 1 billion in free cash flow. Now, free cash flow is not profit, I understand that, but what exactly is it?
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Old 11-08-2006, 07:12 PM   #13
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Numbers are looking in line. SAC still needs to come down. Curious what the hell the $21 mil in engineering: design/development is for.


Found it: We also reimburse automakers for certain engineering and development costs associated with the incorporation of SIRIUS radios into vehicles they manufacture.


That should be a good thing!
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Old 11-08-2006, 07:41 PM   #14
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Quote:
Originally Posted by NFL-Fan
Yea, maybe someone smarter than me can explain that comment too. What he said was 3 billion in revenue and 1 billion in free cash flow. Now, free cash flow is not profit, I understand that, but what exactly is it?

if he means the same as the cash flow statement, it takes lots of accounts into consideration. An increase in accounts receivable is a negative and an increase in accounts payable is a postive. there is much more to it i'm afraid
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Old 11-09-2006, 02:10 PM   #15
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Quote:
Found it: We also reimburse automakers for certain engineering and development costs associated with the incorporation of SIRIUS radios into vehicles they manufacture.
this could be a good thing but if they're reimbursing the likes of rolls royce (<10k units/yr) then they are better off without same with a few others

some of these jokers like jcramer cant see that car mfrs. is where the real business is but you cannot discount the fact that xmsr is in much better position with them. whats bad about them is the lead time is so long so xmsr signed a deal with toyota years ago and they still arent producing many yet cause it just takes too long.
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