Comments on: Your Report Card Is Your Stock Price? Guess Sirius Is Making Straight $.13's…

By: Sirius Founder: You’re 10 Years Too Late, Karmazin | John Paczkowski | Digital Daily | AllThingsD

Mon, 16 Mar 2009 20:44:51 +0000

[...] Your Report Card Is Your Stock Price? Guess Sirius Is Making Straight $.13’s… [...]

By: Call Me Mel “Save-My-Own-Kiester” Karmazin | John Paczkowski | Digital Daily | AllThingsD

Fri, 13 Feb 2009 15:49:28 +0000

[...] Your Report Card Is Your Stock Price? Guess Sirius Is Making Straight $.13’s… [...]

By: Sirius: Give Me Liberty or Give Me Ergen | John Paczkowski | Digital Daily | AllThingsD

Thu, 12 Feb 2009 17:18:42 +0000

[...] Your Report Card Is Your Stock Price? Guess Sirius Is Making Straight $.13’s… [...]

By: A Bankruptcy Filing, Mel? Surely You Can’t Be Sirius… | John Paczkowski | Digital Daily | AllThingsD

Wed, 11 Feb 2009 01:57:46 +0000

[...] Your Report Card Is Your Stock Price? Guess Sirius Is Making Straight $.13’s… [...]

By: Sell Sirius to the Free Local Radio Broadcasters? | John Paczkowski | Digital Daily | AllThingsD

Tue, 30 Dec 2008 22:54:45 +0000

[...] billion of its $3.3 billion total debt coming due in February 2009, a lousy liquidity situation and shares trading around 13 cents, the New Year is not looking promising for Sirius XM Radio (SIRI). Even with the tools to raise its [...]

By: Approve a Massive Stock Dilution? Surely, You Can’t Be Serious…. I Am Sirius, and Stop Calling Me Shirley. | John Paczkowski | Digital Daily | AllThingsD

Fri, 19 Dec 2008 17:13:36 +0000

[...] Your Report Card Is Your Stock Price? Guess Sirius Is Making Straight $.13’s… [...]

By: Sirius Shareholders Pass Reverse Split, Additional Shares | John Paczkowski | Digital Daily | AllThingsD

Thu, 18 Dec 2008 19:02:46 +0000

[...] CEO Mel Karmazin pulled it off. At the satellite radio outfit’s shareholder meeting today proposals to authorize the issuance of 8,000,000,000 additional shares and enact a reverse stock spl… passed. Print [...]

By: John Paczkowski

John Paczkowski — Thu, 18 Dec 2008 17:03:05 +0000

Is it even possible to oust Karmazin given he has the support of instutional shareholders?

By: Jeff Stevens

Jeff Stevens — Thu, 18 Dec 2008 16:30:20 +0000

Yes, Sirus is dependent on auto sales for new customers.
However new customers are given free service up to a year before they pay subscription revenue. Poor auto sales in Q4 2008 affects top line revenue in Q4 2009. Sirus pays Auto companies a fee for adding the radio. There will still be growth. Today announced an improvement of 100 million for 2008 compared to estimates.
EBITDA of ($32 million) for Q4.
Q3 was ($37 Million).

By: Carlos Portocarrero

Carlos Portocarrero — Thu, 18 Dec 2008 14:38:20 +0000

I always thought that if the car companies did badly, so would Sirius. Especially when it comes to acquiring new customers—isn’t that how most people get exposed to satellite radio for the first time?

Maybe I’m wrong on this…

By: Jeff Stevens

Jeff Stevens — Thu, 18 Dec 2008 11:11:50 +0000

Firing Mel makes you feel batter but doesn’t solve anything (re:YHOO). Mel is growing subscribers top line revenue and he beat Q3 bottom line because Subscriber acquisition costs are lower with fewer car sales (payments to GM).
The analysts gave zero credit for that.
That will occur in Q4 as well.
SIRI is very close to break even. It will depend on severance costs.
The new stock will probably go to debt holders like Goldman Sachs and to refinance the May debt. This is all better than chapter 11.

By: Leroy Clifton

Leroy Clifton — Thu, 18 Dec 2008 04:23:05 +0000

It’s Mels problem that has our stock in it’s dire position AND NEEDS TO BE FIRED. NO on Slpit NO on board of directors thats what we need. also NO on additional STOCK.

By: Jeff Stevens

Jeff Stevens — Thu, 18 Dec 2008 02:22:06 +0000

Mel has done everthing he has said he would do. Hartleib would have been better off if he went after Goldman Sachs analyst Mark Wienkes who downgraded the stock until it reached .17 while his firm traded the stock (ie Short it), and while they owned most of the debt coming due, a clear conflict of interest IMO.
Also see what they did to broadcasting stocks Entravision and Entercom. Mel can’t rig a stock price!