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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

Look You Dumb Journalists, Liberty Is Not Acquiring Sirius XM, They Already Own It

king1 — Wed, 14 Dec 2011 14:49:50 +0000

For the life of me I can't understand why "journalists", and I use that term exteremely loosely here when considering the coverage of Sirius XM Radio (NASDAQ:SIRI), cannot understand simple math and simple facts. If I hear the NOL's mentioned one more time as why Liberty would take over Sirius XM, I'm going to scream and throw something. NOL's are 100% for Sirius XM to use, will be used 100% by Sirius XM, and has no value directly to Liberty. This is from comments from Frear (CFO of Sirius XM), Mel Karamazin (CEO of Sirius XM), and Greg Maffei (CEO of LCAPA). There is NO SCENARIO PERIOD that allows Liberty to benefit from them except as an indirect 40% stakeholder in Sirius. It gives their holding more value, as profits are protected till around 2020. That's it. That is the only benefit to the company and Liberty. LCAPA can't spin off, spit off, crunch off, roll off, spit off, or any other form of off to make them any other way. So stop it. Stop it right now. Stop your incessant babbling and learn how to understand simple concepts. And they are not valued at 8 billion, its more, and its around 3 billion in cash value. NOT 8!!! There is no magic way to add 8 billion to the asset line. It comes in small chunks as savings on profits that would have been paid to IRS.

Look You Dumb Journalists, Liberty Is Not Acquiring Sirius XM, They Already Own It King of All Trades

2012 is a Year of Decisions for Sirius XM Radio

king1 — Thu, 08 Dec 2011 14:03:14 +0000

According to Mel Karmazin, CEO of Sirius XM Radio (NASDAQ:SIRI), 2008 was "the merger year" for Sirius XM Radio and 2010 was the year of transitioning to profits and free cash flow growth. Then I say 2012 is the year of decisions. 2012 will hold vital decisions on the next few years and future of the companies structure and leadership. There are many important decisions coming from the Board of Directors and possibly Liberty Media (NASDAQ:LINTA). Last week we got a glipse into what that future might hold as Greg Maffei commented on such things at the UBS Global Media Conference on Monday Dec. 5th. This conference also had David Fear, CFO of Sirius XM, speak as well. Also Mel has been beating the drum on making a decision about his future as well, as his contract will expire in December of 2012. Postering is already beginning on that front as well.

2012 is a Year of Decisions for Sirius XM Radio King of All Trades

A Serious Look at Sirius XM’s Improving Fundamentals

king1 — Thu, 30 Jun 2011 13:50:07 +0000

Mel Karmazin, CEO of Sirius XM Radio (NASDAQ:SIRI), has been attempting for years through conference calls and various interviews, to focus investors attention not on the company's troubled past, but on its promising future. Perceptions are hard to change. Analysts have gone from hot to cold to hot again on the company and looking at a 5 year chart one could see why. The chart, as do most, tells the story of a company that had high expectations, emerging during the technological and internet boom of the late 1990's. The .com boom was in full swing and technology companies, as Sirius XM was considered at the time, was priced for success. Analyst's expectations were later tempered only to return again with news of Howard Stern signing, Mel Karmazin coming aboard, and the possibility of a huge cost saving merger. Synergies in the billions were proven on paper and analysts and investors jumped back in at the prospects that a successful merger would finally lead to long promised profits.

A Serious Look at Sirius XM’s Improving Fundamentals 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

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, 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 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

What’s Ahead for Sirius XM In 2011

king1 — Wed, 19 Jan 2011 13:31:38 +0000

One doesn't need to go far to read an opinion on Sirius XM Radio (NASDAQ:SIRI) these days. From Forbes to the Wall Street Journal, hit demand for this company is staggering. I've seen many articles get tagged for Sirius XM that actually didn't even mention the company nor have anything to do with it at all. Is there a reason for this? According to the end of year filing from 2009, we had 950,000 investors in this security. That's almost 1 million individual holders who have interest in this stock. As with anything, the more interest, the more information, the more people who provide the information, the more who comment on it, and the more misinformation that gets passed around. So you can image there are a lot of "experts" writing on this stock. Well sorry experts, but the amount of misinformation you are creating is staggering. Lets try to clear some of this up. My focus on this article is to explain important dates to Sirius XM in 2011, and the convertible notes that Sirius XM issued in July of 2008, due in 2014.

What’s Ahead for Sirius XM In 2011 King of All Trades