About a week ago, Sirius XM C.E.O. Mel Karmazin reiterated subscriber guidance. On Monday, Sirius XM C.F.O. David Frear presented at the UBS Media Conference, and restated again the company’s year-end subscriber guidance. Despite both of these Sirius XM officials reiterating guidance, not a day goes by without some blogger posting an article calling into doubt, Sirius XM’s...
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I know a lot of unhappy people are out there, having watched SIRI fall on a stellar earnings report. I know there is a lot of nonsense being put out about Liberty holding down the price of Sirius XM as a prelude to acquiring the company and “screwing shareholders.” Truthfully, it’s a disgusting rumor started by those...
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A family emergency had me away from work duties the past two days, but I’m back to work now. We will resume our morning calls tomorrow. Some key events relating to SIRI are as follows: Banks have agreed to a 50% write-down of Greek debt, which although a default of sorts, removes the uncertainty. I had...
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For the past year, I have written in great detail of the likely route that Liberty Media will take in the form of a Reverse Morris Trust. Suddenly this hot topic issue is being discussed by many other experts, whom of course fail to mention the source of their information is yours truly. I...
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It’s been an interesting week thus far with the big three automakers and the U.A.W., and it appears now that the tentative deal reached with General Motors will be ratified, with the official announcement to come today. Reports on the Ford negotiations appear promising as well, with insiders leaking positive remarks and hinting that...
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By all media accounts, the stock market is the last place you want to put your money right now, seemingly indifferent to the fact that 9.1% unemployment means that 90.9% of employable Americans are working. Combine that with falling fuel prices as commodities tanked, and a bond market with yields that make investment pointless factoring...
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