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Sirius XM, Liberty Media and DISH….Synergies Anyone? Part 1

Andrew Montero — Mon, 02 May 2011 12:53:09 +0000

With the recent addition of Dish network(NASDAQ:DISH) executive Carl Vogel to the Sirius XM (NASDAQ:SIRI) Board, many are asking what is the fit. Vogel was one of Dish networks executive officers from 1994 until 1997, and served as President from 1995 until 1997 when he was a key member of the executive team that created and launched DISH Network in 1996. Upon reviewing recent acquisitions by DISH and Charlie Ergen, I came across the following pending acquisition, which I think is a much bigger deal than some have realized. DISH Network to Purchase DBSD, Developer of U.S. Hybrid Communications System

Sirius XM, Liberty Media and DISH….Synergies Anyone? Part 1 King of All Trades

Sirius XM’s David Frear’s Candid Talk Fuels Speculation (NASDAQ:SIRI)

king1 — Mon, 22 Nov 2010 15:17:29 +0000

By Relmor Demitrius - On Thursday of last week, David Frear, CFO and Vice President of Sirius XM Radio (NASDAQ:SIRI) presented at the Bank of America Merrill Lynch Credit Conference. What was expected as another boring non committal presentation about long already known facts, turned into a candid offering from a usually very close vested company. Frear added some insight into their future, discussed metrics never before mentioned, and even offered some comments on current speculations. He covered many topics during his brief 40 minute discussion and slide show.

Sirius XM’s David Frear’s Candid Talk Fuels Speculation (NASDAQ:SIRI) King of All Trades

How Much of Sirius XM’s Success is Howard Stern?

king1 — Thu, 02 Sep 2010 12:44:09 +0000

There are many ways to identify and define what is success. The same can be said about worth and value. It is especially true when trying to apply these concepts to something intangible, as an artist or performer. Take a talent like Howard Stern. He’s not a hard asset that you can simply attach a know value too, or state exactly what he would mean to your company. What is his actual value to Sirius XM Radio (NASDAQ:SIRI)? When Greg Maffei (CEO of Liberty Media and Liberty Capital (NASDAQ:LCAPA) and 40% owners of Sirius XM, ask Mel Karmazin (CEO of Sirius XM) how much is Howard Stern worth to the company, what does he tell him? This is the debate among bloggers to professional financial analysis that has been going on for years. How do you evaluate Howard Sterns actual value to the company? He makes 100 million dollars a year, minus the cost to run his show. Is he worth it? Is he overpaid? Is he underpaid? Is he fairly paid? How much of Sirius XM’s revenue can be attributed to him. In this article I will go over the effect of signing Howard Stern to Sirius Satellite Radio and any effect overall he had on the satellite radio industry altogether.

How Much of Sirius XM’s Success is Howard Stern? King of All Trades

What Is Sirius XM Radio’s Fair Value?

king1 — Mon, 16 Aug 2010 12:23:37 +0000

Sirius XM Radio (NASDAQ:SIRI) is offered many opinions of what their shares are actually worth. It just depends on who you listen too. There seems to be a vastly different view of just how much one should pay for this equity and ultimately what is their appropriate market cap. If readers know my style, they know I do not work with subjectives or opinions. I like cold hard facts when I tackle a problem. The pulse of the investor community seems to be right now on trying to understand how an equity so obviously undervalued is still priced at $1 a share. What is Sirius XM’s real fair value? Well why waste a second longer, let us begin.

What Is Sirius XM Radio’s Fair Value? King of All Trades

Sirius XM (NASDAQ:SIRI) Beats But Can’t Win

Andrew Montero — Tue, 04 May 2010 16:56:06 +0000

Today Sirius XM (NASDAQ:SIRI) CEO Mel Karmazin gave the company’s Q1 2010 results. Among the metrics was a (.01) positive earnings per share (EPS). Karmazin also let it be known that as of last week’s numbers, Sirius XM had over 19 million subscribers already this year, with just a third of the 2nd quarter complete. The company is also among the top 8% of NASDAQ stocks based on Market Cap. Mel also let shareholders know that delisting fears and the specter of a reverse split to satisfy those fears was over. Sirius XM has also been able to pay off some debt and reduce interest expense to a less than 9 % unsecured rate on the most recent debt re finance. The company, which struggled after the merger approval in 2008; and nearly went Bankrupt in early 2009, continues to report an astounding turnaround quarter after quarter since obtaining a short term, though costly loan from Liberty Media and John Malone. The short term financing was costly in that it resulted in Liberty Media obtaining 40% of the company through the loan agreement. Sirius XM repaid all outstanding balances from that short term loan in a very timely fashion.

Sirius XM (NASDAQ:SIRI) Beats But Can’t Win King of All Trades

Sirius XM Conference Call Covered Live By King of all Trades

king1 — Mon, 03 May 2010 12:01:55 +0000

Sirius XM Radio (NASDAQ:SIRI) will be announcing its first quarter results before the bell on Tuesday, May 4th. Join King of All Trades for live conference call analysis as it happens in our chat room, or post in our forums for expert opinions, investor feedback, and great fact based discussions involving Sirius XM Radio. Be with the trade and in the know with KOAT.

Sirius XM Conference Call Covered Live By King of all Trades King of All Trades

Sirius XM Radio First Quarter Earnings Preview

king1 — Sun, 02 May 2010 19:27:35 +0000

Sirius XM Radio (NASDAQ:SIRI) will announce their first quarter conference call results on Tuesday, May 4th. Sirius XM usually reports on a Thursday and most recently the same day that Liberty Media (NASDAQ:LINTA) reports. Liberty Media holds 40% of Sirius XM Radio in its tracking stock, Liberty Capital (NASDAQ:LCAPA). Liberty Media is reporting on Thursday, May 6th. It was assumed by many investors that Sirius XM would report on that day as well. When the company announced last week that they were moving their expected date up two days, speculation sparked to assume a good quarter is forthcoming. Let us look at the numbers and see if there is any reality to this hope.

Sirius XM Radio First Quarter Earnings Preview King of All Trades

Sirius XM Radio Speculators Running Rampant Again

king1 — Thu, 29 Apr 2010 15:21:19 +0000

Sirius XM Radio (NASDAQ:SIRI) has had one hell of a year so far. The sentiment on this stock in only December of 2009 to April of 2010 has changed dramatically. On the last trading day of 2009, Sirius XM traded for 60 cents a share. As of yesterday, the equity had doubled, hitting $1.20 a share. That's a 100 percent gain in a year that has seen the DOW gain 5%. Impressive you say? Speculation stock pay off? I take offense to that. Absolutely no way is this any way a speculation gain. This was a pure evaluation play, in my opinion, and I have been stating this for months now. How can a 2.7 billion dollar revenue, cash flow positive, 18 million subscriber service and growing company, be priced under $1?

Sirius XM Radio Speculators Running Rampant Again King of All Trades

Sirius XM and The Battle Of Two Worlds

king1 — Mon, 19 Apr 2010 13:24:46 +0000

By Relmor Demitrius Sirius XM Radio (NASDAQ:SIRI) starts off the week on a high note. Having once again broken the $1 mark and maintained it for three consecutive days now, leaving only 7 days remaining to comply with the 10...

Sirius XM and The Battle Of Two Worlds King of All Trades

Sirius XM Confirms Growth In EBITDA and Subscribers/S&P Says Hold

king1 — Thu, 15 Apr 2010 13:26:49 +0000

Sirius XM (NASDAQ:SIRI) issued a press release yesterday stating a return to subscriber growth from a 400,000 retail subscriber loss in the first quarter of 2009. They had 171,000 net additions in Q1 of 2010. They also stated a confirmation on guidance in revenue and EBITDA growth as on pace with estimates. This means 20% growth in EBITDA and a high single digit growth in revenue is in play for this conference call coming up in May. They must report by mid May according to their SEC filing requirements.

Sirius XM Confirms Growth In EBITDA and Subscribers/S&P Says Hold King of All Trades