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Total Rating:
+2 / -1

23 Comments

    • Fri Nov 7th 10:50 AM | Rating: +1 -1
      Commented on:
      4 Signs for Further Caution by Satellite Radio Investors - Goldman
      Up 10%? What bad news came out today?
      View article »
    • Tue Nov 4th 10:07 AM | Rating: +1 0
      Commented on:
      Sirius XM Radio Faces Shareholder Suit
      In answer to Cos1000, anything not in the company's interest is also not in the shareholders' interest, plain and simple.

      What a waste of time, money, company resources, the courts, etc. These people are the worst sort of vultures.

      This suit goes nowhere, period. It eats up company resources exactly when they are needed most urgently. It is aimed only at getting a settlement for the TTT-grad, strike suit lawyers who prey on disappointed shareholders because they couldn't get real jobs.

      Managers have a duty of loyalty and a duty of care. No court is going to find a breach of the duty of loyalty, period. It just doesn't happen absent extraoardinary facts, like selling off assets to family members at deep discounts or other such blatant self-dealing. No court is going to find a breach of duty of care, either. That is an extremely low bar, basically if they show up for work and appear to have a slight interest in the day-to-day running of the company, they meet that duty.

      This is complete idiocy.
      View article »
    • Thu Oct 23rd 14:50 PM | Rating: 0 0
      Commented on:
      Finally Some Good News for Sirius Shareholders
      For the innocent (i.e., non-lawyer) reader, as it was most succinctly defined in Shapiro v. Magaziner, "[s]trike suits are 'shareholder' derivative actions begun with the hope of winning large attorneys' fees or private settlements, and with no intention of benefitting the corporation on behalf of which suit is theoretically brought." 210 A. 2d 890, 894 (Pa. 1965).

      Apart from the frivolous nature of these suits, they ignore the most important premise of corporations: managers manage, shareholders sharehold. If you don't like it, vote against it. Vote against the split. Vote against the increase in shares. Vote out the board. By all means, this is your right. But don't think you can manage a publicly held corporation better than the people the board hired (and yes, you could, in fact, do worse).

      Suing a company that is already down is pure stupidity. You won't get your money back, but the plaintiffs lawyer will make hundreds of thousands. This is the sole purpose of these suits. Don't be a sucker (or be a sucker again, depending on your SIRI outlook).
      View article »
    • Thu Oct 23rd 14:26 PM | Rating: 0 0
      Commented on:
      Finally Some Good News for Sirius Shareholders
      I don't see how forcing the company to defend a strike suit helps anyone other than the plaintiffs lawyer behind this scheme. They position themselves as fighting for the shareholder, when that is never the case.

      That said, maybe some really bad news would move the price up, since the converse has been true.
      View article »
    • Fri Oct 17th 13:43 PM | Rating: 0 0
      Commented on:
      XM Listeners Reunited with Bubba
      Terrific. Now I can not listen to him on XM and Sirius.
      View article »
    • Thu Oct 16th 10:24 AM | Rating: 0 0
      Commented on:
      The Most Dangerous Place to Get Investing Advice
      I do agree with what you say, nonetheless.
      View article »
    • Thu Oct 16th 10:23 AM | Rating: 0 0
      Commented on:
      The Most Dangerous Place to Get Investing Advice
      "The Most Dangerous Place to Get Investing Advice"

      That should be the new slogan for Seeking Alpha.
      View article »
    • Thu Oct 9th 14:41 PM | Rating: 0 0
      Commented on:
      O & A Provide Sirius Stern Fans with Solution
      I bought a lifetime Sirius sub for Howard, but the show went rapidly downhill once he got there (just my opinion). Still a fan, but no longer a rabid one. Got XM in a Honda and became an O&A fan, and stopped even turning on the Sirius unit. I was happy to fork over the $150 to get O&A on a Sirius unit that was otherwise just collecting dust.

      So, pests and Howard fans need to unite and spread the word. Buy everyone SiriusXM for the holidays. There's something for everyone, now.
      View article »
    • Fri Sep 19th 15:10 PM | Rating: 0 0
      Commented on:
      Friends Don't Let Friends Buy Stocks - Look at State Street
      This was panic on a false rumor that STT was a major holder of the 'bad stocks,' when in fact they are a custodian bank, and so appear near the top of unsophisticated lists of major holders despite that they hold these securities on behalf of funds and institutions. As stated above, in the release, "The company is often reported to be an owner of many issuers because of its position as a large custodian and a large index fund manager."
      View article »
    • Mon Aug 25th 14:18 PM | Rating: 0 0
      Commented on:
      Sirius XM Cramer Wars Part II
      1. Let's not be stupid here. Jim Cramer is a television personality and has been for seven years. He makes more, a LOT more, money from his media projects than he ever did as a money manager, and he would be out of the TV business and in prison if he was participating in some sort of price manipulation scheme. HLS grads are not usually that stupid, notwithstanding Alberto Gonzales, Client Number 9 or Tom Cruise's character in A Few Good Men.

      2. Following from point one, saying "Jim Cramer recommends X as an investment," is like saying, "Ben Stein says you should own a variable annuity." (He does, and sales of variable annuities are not picking up.)

      3. General Electric and its various subsidiaries surely have some sort of policy that discourages its employees from using company property to further massive securities fraud schemes. That may even extend to Jim Cramer having all or most of his money in blind trusts or something, since, you know, he talks about stocks and stuff.
      View article »
    • Thu Aug 7th 12:35 PM | Rating: 0 0
      Commented on:
      A Penny Saved: Sirius Tops Street by 1¢
      verySerious -- I will openly admit I am definitely not as savvy as any institutional analyst. For one thing, they don't waste time reading anonymous comments on random blogs.

      Anyway, to your point, the top 10 'big sticks' own 20% of the company, and institutionals own about a third of the float. Note that Apollo's Fund IV owns 6%, and those guys are pretty smart. They make Wall Street look like E-trade boobs. Here is the full list:

      finance.yahoo.com/q/mh...

      Any index that adds SIRI will increase those numbers by a sizable amount.

      Also, many institutions have investment guidelines which prohibit no help to SIRI), probably the issue behind the reverse split idea.

      View article »
    • Wed Aug 6th 12:10 PM | Rating: 0 0
      Commented on:
      Lehman, JP Morgan Weigh in on Newly-Formed Sirius XM Radio
      User 232143 -- It's probably change-of-control severance provisions in their employment contracts and/or option awards. If you go to sec.gov's EDGAR serach (or your favorite EDGAR retrieval site) and read the XMSR proxy statements (DEF 14As, usually) then look for the compensation sections, it will outline how/why these people are paid.

      Here is the link to the most recent XMSR proxy: sec.gov/Archives/edgar...

      You'll probably have to do more digging if you want to know details; their various agreements will be exhibits to certain SEC filings.
      View article »
    • Tue Aug 5th 12:34 PM | Rating: 0 0
      Commented on:
      Sirius Stock Up as CEO Buys Two Million Shares
      Vicar -- I would further note that Mel's bonus was paid in cash and received no stock awards in either 06 or 07 because the comp committee determined his interests were sufficiently aligned with shareholders (i.e., he has enough skin in the game). It seems you are suggesting that SIRI is backstopping him somehow? Please explain, and provide something more specific than 'read the proxy.'
      View article »
    • Tue Aug 5th 12:22 PM | Rating: 0 0
      Commented on:
      Sirius Stock Up as CEO Buys Two Million Shares
      Vicar -- I did read the last proxy statement filed. This is what it said:

      "Stock Ownership and Holding Policy. We do not require specific ownership or holding requirements for named executive officers. "

      Was there a superceding statement made in some other filing? Here is the link to every proxy SIRI has filed:

      sec.gov/cgi-bin/browse...
      View article »
    • Mon Aug 4th 13:24 PM | Rating: 0 0
      Commented on:
      Sirius XM Show or Tell - A Rebuttal
      If the SEC reimplements the uptick rule, that will take care of the shorts. Absent that, it will take a couple consecutive qurters of solid growth. People have been playing badminton with this stock because the company was held hostage by the merger process. Now, SIRI will have to spend money, make money and report results. How it does that will be more important than anyone's opinions.

      This was always a longshot bet in the short-term, but the merger means this company will be around for years. Now they must compete for ears with the other options, and you do that with content, marketing and cost control. Terrestrial is dead and HD won't save it, but you are not going to beat iPods for music. That said, name the CD-spinning DJ who makes 10% of what bloated smack-addict Rush Limbaugh, or Howard, or O&A, or Imus make. That talent gets paid because it can't be replicated by an iPod. Same with sports. Going forward, if people want to be on SRAD, they will be on SIRI, so it will be cheaper to buy that talent than it was with the two competing bidders. That part of the cost savings likely isn't built into the models yet.

      Say what you want about the shorts, they created the self-fulfilling prophecy during the merger vacuum. They chased the stock down, and had the merger fallen apart, they would have done even better.

      I am a stockholder, but I am not a cheerleader. I averaged down starting at $2.75 to about $1.90, but it's in my IRA, and I'm not 59 for 20 years. If SIRI is still around then, it will be worth a lot more than it is today, and if it isn't, it will be because it was bought by someone else along the way. It's not going bankrupt.
      View article »
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