King of All Trades » LINTA

Mel Karmazin and Greg Maffei Add Flavor to Sirius XM’s Future

king1 — Thu, 05 Jan 2012 15:42:52 +0000

Yesterday CITI had a Global Entertainment and Media Conference, in which Mel Karmazin, CEO of Sirius XM Radio (NASDAQ:SIRI) and Greg Maffei, CEO of Liberty Media (NASDAQ:LINTA) spoke. There was no formal presentations by these gentleman but they were on board for answering some really good questions. This conference helped answer some important questions investors had about the company. Greg and Mel were very frank and offered valuable information investors can use to make better decisions about their investment with the company. First let us look at what Mel had to say. The first thing Mel offered was information on Q4 subscriber totals.

Mel Karmazin and Greg Maffei Add Flavor to Sirius XM’s Future King of All Trades

What Exactly Does Sirius XM’s 2012 Guidance Actually Mean

king1 — Tue, 20 Sep 2011 15:08:53 +0000

Sirius XM Radio (NASDAQ:SIRI) CEO Mel Karmazin on September 14 announced during the BOA Media Conference their guidance for 2012. His presentation was almost entirely new information, which was a bit of a surprise to the media present and investors who were listening. In years past these conferences held tidbits and hints of information but this time Mel was candid and forthcoming with news on Sirius 2.0, the upcoming price increase, plans for the future, and in fact guidance for 2012 earlier than promised. Mel had stated that guidance for 2012 would come during the third quarter conference call in November. Why did Mel release this information earlier than planned? I’m sure at the time Mel knew he was presenting at the Bank of America conference. It could be possible Mel was so excited about the news of 2012 and what it meant for the company (2012 was a targeted crucial year in Sirius XM’s recovery) going forward. Apparently from the lack of upgrades, price target increases, and general malaise about the presentation, I apparently am needed to explain just what exactly Sirius XM is guiding. It is more than just some numbers on a piece of paper. But first let us address some of the other aspects of the conference and what we learned from his discussion other than guidance.

What Exactly Does Sirius XM’s 2012 Guidance Actually Mean King of All Trades

Liberty Starz Battle with Netflix Could Have Larger Ramifications to the Future of Media

king1 — Thu, 08 Sep 2011 14:10:43 +0000

Is Netflix(NASDAQ:NFLX) now officially “dying”? The first mortal wound on a paper tiger has been struck. And look at who is in the center of it all. John Malone, Founder of Liberty Media (NASDAQ:LINTA). Since 40% of Sirius XM is owned by Liberty Capital (NASDAQ:LCAPA), Sirius XM (NASDAQ:SIRI) investors always try to listen to what Liberty Media is saying about their company and Liberty’s future plans. Well one of those plans became painfully obvious to those here at KOAT, even before Malone offered a bare bones explanation. Starz Media has declined to be part of Netflix going forward, as of right now, in any form. Money was no option. Netflix offered 10 TIMES the old contract price and still Starz said no thank you. You’re no longer going to compete with our services by allowing us to give you our exclusive content at wholesale rates. Your nothing but a monster that was created by one instant in times collective greed by content providers. Did they envision what Netflix would become? I seriously doubt it, or these media companies never would have signed the original agreements. No existing content provider creates a Netflix on purpose. They would have said, why didn’t we just do that? Dahh!! Ya, exactly idiots, why didn’t you? Well someone has finally taken a stand and said no more. You offer NOTHING we can’t offer people at some point in the future. Hence bye bye.

Liberty Starz Battle with Netflix Could Have Larger Ramifications to the Future of Media King of All Trades

Sirius XM Share Buyback Plan Would Not Increase Liberty’s Percentage

king1 — Wed, 08 Jun 2011 14:28:21 +0000

Sirius XM Radio (NASDAQ:SIRI) CEO Mel Karmazin has been mentioning for over a year now how Sirius XM intends to use their free cash flow. Now that the company has been profitable for over 2 years now straight, it is time for Mel to begin laying out plans to investors how they can expect a return on their capital. Mel suggested 3 standard ways of doing this. The one Mel has said would happen most likely would be a share buyback plan and the focus of this article. The other ways mentioned were through acquisitions, although Mel stated he sees none right now that would add shareholder value, or a cash dividend (least likely to occur). One question raised recently was would a buyback affect how many shares Liberty received upon conversion? The answer is no. It would not. To find the answer you simply need to read the filings in question.

Sirius XM Share Buyback Plan Would Not Increase Liberty’s Percentage King of All Trades

KOAT Radio to Discuss Recent Happenings In Media Space:Dish, Liberty, Apple, Google, Sirius XM

king1 — Tue, 24 May 2011 19:01:06 +0000

By Relmor Demitrius - As we all know the media and technology sectors are constantly evolving. Keeping pace with what is going on can be difficult and confusing. Are recent acquisitions in the media and technology sector confusing your investment perpective? ...

KOAT Radio to Discuss Recent Happenings In Media Space:Dish, Liberty, Apple, Google, Sirius XM King of All Trades

Sirius XM Radio Surges to New 52 Week High on High Volume

king1 — Tue, 10 May 2011 19:44:20 +0000

Shares of Sirius XM Radio (NASDAQ:SIRI) surge to an intra day high today of $2.35, setting yet another 52 week high. It had already established a new 52 week high on more than one occasion last week as well. This move is coming on higher than average volume. This may cause investors to ask the question, "Is this move news based?". It could very well be a news story yet to come or still solid demand from their strong quarter reported last week. Whatever the cause the stock has been on a tear since September of 2010 and hasn't slowed since.

Sirius XM Radio Surges to New 52 Week High on High Volume King of All Trades

Sirius XM Proxy Puts Reverse Split/Poison Pill to Bed

king1 — Wed, 13 Apr 2011 14:29:00 +0000

Yesterday, Sirius XM Radio (NASDAQ:SIRI) released their annual proxy for their upcoming stockholder meeting. The stockholder meeting will take place in New York on May 25th. The biggest news was not what was on the proxy but what wasn't on it. The poison pill and the reverse split will not be extended

Sirius XM Proxy Puts Reverse Split/Poison Pill to Bed King of All Trades

Sirius XM Annual Proxy Coming Soon

king1 — Tue, 08 Mar 2011 14:09:02 +0000

Investors in Sirius XM Radio (NASDAQ:SIRI) will be eagerly anticipating this years proxy letter from the company regarding their annual meeting, usually taking place at the end of May. There may be some issues to vote on that would remove a few questions about the future of the company's stock and who exactly will be in control.

Sirius XM Annual Proxy Coming Soon King of All Trades

Can Liberty Media Lose Control Of Sirius XM?

king1 — Mon, 07 Mar 2011 15:34:01 +0000

Long time Sirius XM (NASDAQ:SIRI) stockholders remember February of 2009 very well. With massive debt coming due in 2009 and increasingly limited means of removing it, Sirius XM needed a loan. Liberty Media (NASDAQ:LINTA) provided Sirius XM with a temporary loan it needed to meet is financial obligations for the year 2009. In exchange for this help, Sirius XM gave Liberty Media preferred shares worth 40% of the total outstanding shares at the time of conversion. These shares had added power associated with them as well. These included voting rights, say in stock issuances, ability to nix new debt obligations over 10 million (other than refinancing existing debt), and say in any selling of assets. These rights have no expiration date and are good until conversion. So what can Sirius XM do to gain more control back to the current board of directors (who represent SIRI stockholders, not Liberty Capital (NASDAQ:SIRI)), which is the tracking stock being used to hold Liberty's 40% stake in Sirius XM. Is there an opening for another bidder? Is there a war of control coming? Possibly. Do Sirius XM and Liberty's intentions match? For control, maybe not. How would history write Mel Karmazin if he somehow managed to gain control of the company back from Liberty or was able to somehow introduce another party to drive the price up? Does he have the tools necessary?

Can Liberty Media Lose Control Of Sirius XM? King of All Trades

Sirius XM’s (NASDAQ:SIRI) Karmazin Makes a Bullish Case

Andrew Montero — Thu, 16 Sep 2010 10:34:07 +0000

Sirius XM Radio (NASDAQ:SIRI) CEO Mel Karmazin was a featured speaker yesterday at the Communications and Media conference sponsored by (NYSE: BAC) Bank of America / (NYSE: ML) Merrill Lynch. Karmazin was steady and bullish in making his case for Sirius XM satellite radio and its subscription based model. Mel also affirmed the company’s previous guidance for 2010; revenue in the $2.8 billion range, adjusted EBITDA of roughly $575 million, and around 20 million subscribers. Among some of the more interesting talking points for Karmazin was the fact that the NFL contract renewal is in the works. Karmazin stated that the legalities were being worked on by both sides at this point, although no official announcement has been made at this time.

Sirius XM’s (NASDAQ:SIRI) Karmazin Makes a Bullish Case King of All Trades