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SeekingAlpha Media Stocks (Free subscription) | 8 hours ago
Tyler Savery submits: In the latest quarterly filing by Sirius XM Radio (SIRI), the OEM take rate (on a proforma basis) was stated to be at 47%. This figure was compared to 50.7% the year before. While 3.7 points may not seem like much, it translates into millions of dollars. If we assume that a typical quarter brings in 1,500,000 new OEM subscribers, what would all of this mean? Complete...
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SeekingAlpha Media Stocks (Free subscription) | 11/18/2008
Tyler Savery submits: A stock price that was beyond comprehension only three months ago is now edging ever closer to actually happening. As of this writing, Sirius XM Radio (SIRI) is in danger of dipping into the teens. This will place the equity at a new all time low, as well as bring it further away from the $1 billion market cap that would allow the company to access a $100 million...
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SeekingAlpha.com (Free subscription) | 11/16/2008
Tyler Savery submits: Conspiracy theorists will love this article. There are many who feel that Sirius XM Radio (SIRI) stock is heavily manipulated. In many ways, it is hard to argue against that stance. However, like many things in life, it is hard to find the smoking gun, and thus the debates begin. Sirius XM Radio has a $100,000,000 credit facility with Loral Space (LORL). The credit...
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SeekingAlpha.com (Free subscription) | 11/13/2008
Tyler Savery submits: Fans of satellite radio are passionate. It is for this reason that I knew the channel line-ups would cause confusion, opinion, and even outrage. It simply is the nature of the beast. You can not make all of the people happy all of the time. Sirius XM Radio (SIRI) has done a decent job of making suggestions for channels on those that have been removed. The question...
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SeekingAlpha.com (Free subscription) | 11/12/2008
Tyler Savery submits: The conference call of Sirius XM Radio (SIRI) is behind us, and analysts are beginning to weigh in with their respective thoughts on the first quarter as a merged satellite radio entity. Among those issuing reports Tuesday were Merrill Lynch, Goldman Sachs, Miller Tabak, and JP Morgan. MERRILL LYNCH Complete Story »
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SeekingAlpha.com (Free subscription) | 11/11/2008
Tyler Savery submits: At the conclusion of the conference call Monday regarding the third quarter, Sirius XM (SIRI) CEO Mel Karmazin made a crystal clear statement relating to the issue of a Reverse Split. Karmazin stated that the reverse split, if needed, is “to satisfy listing requirements of NASDAQ”. Thus, should the company get the share price above $1.00 in a manner timely with...
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SeekingAlpha Retail Stocks (Free subscription) | 11/10/2008
Tyler Savery submits: In news that for some is no surprise, Circuit City (CC), the second largest electronics retailer in the U.S., has filed for bankruptcy. The company plans to stay open for business through the holiday season, and in what seems an odd statement, it may actually help the situation for Circuit City, but also for several companies that sell electronics gear. Consumer...
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SeekingAlpha Media Stocks (Free subscription) | 11/06/2008
Tyler Savery submits: As anticipated here on SiriusBuzz , Sirius XM Radio (SIRI) came out with a press release Thursday on the Q3 reporting. The company will issue their quarterly report Monday, November 10, 2008, and will host a conference call the same day at 4:30 PM. Perhaps more important than the guidance provided by Sirius XM Radio is the reason that the guidance was issued. The...
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SeekingAlpha Media Stocks (Free subscription) | 11/07/2008
Tyler Savery submits: There were two reports issued by analysts Thursday in response to the guidance issued by Sirius XM Radio (SIRI). Analyst Kit Spring of Stifel noted that Sirius XM Radio’s guidance exceeds the Stifel model. This could be substantial in that there is at least some indication that Sirius XM is being conservative in their numbers. Spring notes that a stable churn is...
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SeekingAlpha Media Stocks (Free subscription) | 11/06/2008
Tyler Savery submits: While Sirius XM Radio (SIRI) has not yet made an announcement about when they will have their Q3 2008 conference call, we can tell from SEC regulations that we will see the information by Monday, November 10, 2008. It is for this reason that I believe that we will see an 8:00 AM conference call on Monday. The big question in everyone’s mind is what this quarter...
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SeekingAlpha Media Stocks (Free subscription) | 11/04/2008
Tyler Savery submits: It looks as if another step has been taken in what has been a long process for shareholder Michael Hartlieb. Mr. Hartlieb has formed an organization called “Save Sirius (SIRI)”, and has now filed a suit in U.S. District Court in Los Angeles. The suit accuses management of violating the federal Racketeering-Influenced and Corrupt Organizations act, breach of fiduciary...
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SeekingAlpha Media Stocks (Free subscription) | 11/04/2008
Tyler Savery submits: Merrill Lynch analyst Jessica Reif Cohen issued a critical report on Sirius XM Radio (SIRI) Monday. The media analyst notes that auto sales for 2008 and even 2009 appear to be troubling for satellite radio as the OEM channel has been an integral part of the growth of satellite radio. Cohen has lowered her projections on subscribers, noting, Complete Story »
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SeekingAlpha Media Stocks (Free subscription) | 11/04/2008
Tyler Savery submits: Sales figures from auto manufacturers are starting to hit the wires, and the news is not good. The poor sales in the auto sector are now so bad that even with increased penetration of satellite radio installations, there will be an impact to the sector. [[GM]] sales were off by an astounding 45% Ford (F) sales were down 30% Honda (HMC) took a 25% haircut Toyota...
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SeekingAlpha Media Stocks (Free subscription) | 10/31/2008
Tyler Savery submits: Barrington analyst Jame Goss has rated Sirius XM Radio (SIRI) as OUTPERFORM in a note issued October 30th. The analyst feels that, “the satellite radio concept is viable and valuable, particularly as changes are made in the context of a single corporate survivor. Our bias on this stock remains positive.” Goss does note that financial issues have generated increased...
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SeekingAlpha Media Stocks (Free subscription) | 10/30/2008
Tyler Savery submits: Stifel analyst Kit Springs issued a report Wednesday in which he lowered estimates in the subscriber and revenue category, but maintained a BUY rating with a price target of $1.25. Springs notes several factors in his report, but mostly ties the lowered guidance to weak auto sales. According to Spring, car sales will come in at 13.5 million for the year, rather...
