The problem with SIRI, I owned it and made some good money off of it, is the way they report subscribers. Sirius reports a subscriber as either a paid customer who has sat. radio or an installed radio in a car sitting on the factories lot or in the car dealership's showroom. When the 3 months of "free" sirius sat. radio expires on that new car you bought then sirius pulls the subscriber off the books. However if a car sits on a dealers lot for 4 months and is then sold Sirius books this as a 7 month long subscriber, 4 months on the dealers lot and 3 months of the free service the consumer got.
Since XM uses a different method of reporting a subscriber the metric used to compare the companies actual growth is faulted.
That being said there has been talk that Stern may not be pulling as much as was once anticapted during the christmas rush. I think the 1st quarter of 2006 will be the best for Sirius as once Stern goes live and the buzz of his new show gets going the sales will go through the roof.
Originally posted by Furious_Male
This is a company in its infancy and just recently started growing. The numbers will not add up at this time in regards to "value". Think outside the box. We are not just talking about Sirius we are talking about the industry as a whole. Sat Rad. is here to stay. You are leaving out the growth factor completely. The company is not sitting still.
btw they just announced today that the exceded the 3M subscriber growth (as I said they would in my post yesterday).
However if a car sits on a dealers lot for 4 months and is then sold Sirius books this as a 7 month long subscriber, 4 months on the dealers lot and 3 months of the free service the consumer got.
No they dont.
TheStreet.com had an interview with their CEO and Cramer and the CEO said as soon as they get their $$$ thats when it hits their books, until fiscal values have changed hands, its counted as outstanding stock, not a physical sale.
TheStreet.com had an interview with their CEO and Cramer and the CEO said as soon as they get their $$$ thats when it hits their books, until fiscal values have changed hands, its counted as outstanding stock, not a physical sale.
Regards,
Lee
Hmmm, from what I have gathered their getting paid by the car manufactorers upfront for the 3 months of service but even if no one is driving the car they are counting it as a subscriber. Mind you the subscriber being the car's manufactorer.
Hmmm, from what I have gathered their getting paid by the car manufactorers upfront for the 3 months of service but even if no one is driving the car they are counting it as a subscriber. Mind you the subscriber being the car's manufactorer.
Go check out the interview on TheStreet their CEO had all sots of stuff to say about clearing up the myths surrounding how they calculate their finances. Was actually really interesting to watch.
I'll check it out. It must have slipped me as I am on thestreet.com / realmoney.com alot. Thanks bro
Originally posted by European Lee
Go check out the interview on TheStreet their CEO had all sots of stuff to say about clearing up the myths surrounding how they calculate their finances. Was actually really interesting to watch.
As of September 30, 2005, the Company had total current assets of $480,497 and total current liabilities of $1,481,701, resulting in a working capital deficit of $1,001,204; as of that date, the Company had cash of $38,870. During the nine months ended September 30, 2005 and 2004, the Company incurred losses of $2,884,234 and $7,945,385, respectively, and the Company has an accumulated deficit of $21,387,368 as of September 30, 2005. These factors raise substantial doubt as to the Company's ability to continue as a going concern. The Company's independent accountants' audit report included in the Form 10-KSB for the year ended December 31, 2004 includes a substantial doubt paragraph regarding the Company's ability to continue as a going concern.
then the massive floating price (death spiral) convertible..
h) Adjustable Conversion Price Feature of Debentures May Encourage Short Sales.
The convertible debentures issued to Golden Gate Investors, Inc. are convertible into shares of Company common stock at an 18% discount to the trading price of the common stock prior to the conversion. The significant downward pressure on the price of the common stock as the selling stockholder converts and sells material amounts of common stock could encourage short sales by investors. This could place further downward pressure on the price of the common stock. The selling stockholder could sell common stock into the market in anticipation of covering the short sale by converting their securities, which could cause the further downward pressure on the stock price. In addition, not only the sale of shares issued upon conversion or exercise of debentures, warrants and options, but also the mere perception that these sales could occur, may adversely affect the market price of the common stock.
(i) Issuance of Shares upon Conversion of Debentures and Exercise of Warrants.
The issuance of shares upon conversion of the convertible debentures issued to Golden Gate Investors, Inc. and exercise of warrants may result in substantial dilution to the interests of other stockholders since the selling stockholder may ultimately convert and sell the full amount issuable on conversion. Although the selling stockholder may not convert their convertible debentures and/or exercise its warrants if such conversion or exercise would cause them to own more than 9.9% of Company outstanding common stock, this restriction does not prevent the selling stockholder from converting and/or exercising some of its holdings and then converting the rest of its holdings. In this way, the selling stockholder could sell more than this limit while never holding more than this limit. There is no upper limit on the number of shares that may be issued which may have the effect of further diluting the proportionate equity interest and voting power of holders of the common stock.
GZFX I am still doing my DD on. I see the damn thing spammed on every financial board I frequent. I do agree it sure looks like pump and dump to me but its trading very close to a 52 week low right now. I am not into penny stocks but if this company is for real there would be plenty of money to be made.
I know Crockett likes this stock. Any more insite on this guys?
Living in Virtual Reality Contact: Email (preferred): furiousmale .at. gmail - Skype: live:shanedws
I'm still saying GZFX.. Jan 15th is the day it's supposed to start going nation wide as long as the Circuit City deal goes through.
GZFX has been trading sideways for a couple of weeks now. I just emailed gameznflix this morning about their affiliate program. I'd even promote it for free if it meant the stock price would go up.
Traffic-Out
We sell quality text link clicked traffic
I've made a shit load of money as well on Siri. I bought at $4 and $5 and sold it all (over) $8. That was a long time ago.
Go back and read the archived articles about the value of the company and they lay out exactly why the stock is and has been overpriced. Once the dust settles from this holiday season and the Stern move, everyone who didn't understand the valuation of the company will be certain that the stock is/was overvalued.
If I get time, I will try to find those articles. They are exceedingly helpful.
Like I said, if they offer some other income generating service, then the equation will change.
GZFX has been trading sideways for a couple of weeks now. I just emailed gameznflix this morning about their affiliate program. I'd even promote it for free if it meant the stock price would go up.
There is no real reason for it to go up right now.. It's going to continue to trade sideways with ups and downs while the MM's play their games.. Just like any other penny stock. If you're smart you don't hold these kinds of stocks, rather you play the game with the MM's and take quick profits when they come.
It will start moving once we get the confirm that it's going nation wide with the CC deal. That news could come out any day now, but most likely won't be released until sometime after Jan 15th as that is the roll out date.
griffin the more people that find out they can get both games and DVD's for a subscription price lower than Netflix's. Means more and more subscribers for Gameznflix.. only way they will go away is if netflix buys them out..
In November, you can vote for America's next president or its first dictator.
Crockett how often are you in and out of GZFX. I tried to scoop some up at the bottom today but my buy order didn't fill. It looks like a funny stock to time.
Living in Virtual Reality Contact: Email (preferred): furiousmale .at. gmail - Skype: live:shanedws
Penny stocks are the way to go. If anyone needs tips I get tons of faxes daily .
I know if I was the company that bought the convertible from GZFX I would be happily converting my shares at 18% below current market value and selling to as many suckers as I could.
I've made a shit load of money as well on Siri. I bought at $4 and $5 and sold it all (over) $8. That was a long time ago.
Go back and read the archived articles about the value of the company and they lay out exactly why the stock is and has been overpriced. Once the dust settles from this holiday season and the Stern move, everyone who didn't understand the valuation of the company will be certain that the stock is/was overvalued.
If I get time, I will try to find those articles. They are exceedingly helpful.
Like I said, if they offer some other income generating service, then the equation will change.
Good luck no matter what!
Pretty good looking chart for SIRI... it rallied to the $10 area and then took a rest... has been consolidating for a year now..... on quite low volume compared to the run up last year.... I expect a nice move for SIRI in the not so distant future.
This is a company in its infancy and just recently started growing. The numbers will not add up at this time in regards to "value". Think outside the box. We are not just talking about Sirius we are talking about the industry as a whole. Sat Rad. is here to stay. You are leaving out the growth factor completely. The company is not sitting still.
btw they just announced today that the exceded the 3M subscriber growth (as I said they would in my post yesterday).
Actually, I'm just pointing out the obvious. Everything you are talking about, I considered over a year ago when the stock was actually a worthwhile gamble.
All of the numbers I have seen include the "potential" and the fact that this company will grow and none of them support the current valuation.
Now, I'm the first to tell you to be weary of most of the "idiot" stock pickers in the media, but I've seen the numbers, they really don't work.
If you feel like the numbers justify the current price, I'd love to see you lay them out.
Furthermore, if you are really going for the satellite potential, xm is a far better gamble at this point (but both are risky!). I wouldn't buy either of them. There are far too many other great investments to be made.
"We believe that Sirius stock is pricing in near-term performance well ahead of
Street expectations--Sirius could have a difficult time matching the recent hype, in our view," Jacoby said. "We believe the recent media attention surrounding Howard Stern?s arrival at Sirius on Jan. 9 has caused Sirius' stock price to become completely detached from the underlying business fundamentals."
"Our call today in a nutshell, SIRI valuation is overextended, likely due to Stern hype," the note reads. "We recommend investors sell SIRI and buy XMSR ( which trades at a substantial discount to Sirius despite having 2 times the number of subscribers)."
also, google any term you would like to learn about. Google rules!
Once you find a potential stock to invest in, read all you can regarding news and press releases. Also, you can find great info on the yahoo stock chat boards . . . but you MUST know who to read and who to ignore. This comes with time. Good luck my investment brother from another mother!
Jacoby is a two bit hack that works for BofA which happens to have a huge interest in XM (which is FAR from superior over Sirius. Content is king and Sirius has it). After they drove the price of Sirius down I am sure they bought in. Stealing from the retail investor to feed the greed of big business. They have to answer to there clients now. It created a good opp. for those of us that know better.
Like I said its a trading stock right now. I am not going to get into a Yahoo MB type debate over it. Play it if you have the skills and make some bank. Nice big blocks traded in that 6-7.50 range every few weeks pays off well.
I still hold firm with part of my position because looking 3-5 years out its going to be huge.
Last edited by Furious_Male; 12-27-2005, 07:30 PM.
Living in Virtual Reality Contact: Email (preferred): furiousmale .at. gmail - Skype: live:shanedws
Jacoby is a two bit hack that works for BofA which happens to have a huge interest in XM (which is FAR from superior over Sirius. Content is king and Sirius has it). After they drove the price of Sirius down I am sure they bought in. Stealing from the retail investor to feed the greed of big business. They have to answer to there clients now. It created a good opp. for those of us that know better.
Like I said its a trading stock right now. I am not going to get into a Yahoo MB type debate over it. Play it if you have the skills and make some bank. Nice big blocks traded in that 6-7.50 range every few weeks pays off well.
I still hold firm with part of my position because looking 3-5 years out its going to be huge.
AGAIN . . . Like I said, "I'm the first to tell you to be weary of most of the "idiot" stock pickers in the media, but I've seen the numbers, they really don't work."
Don't just say you are looking at 3-5 years out, POST YOUR NUMBERS. I would love to see your expected numbers and how you justify the current valuation. Not only can you not justify the current stock price, but you will be locked up if you try to justify higher stock prices 3-5 years from now.
It is simple . . . just post numbers that justify your opinion, or everyone will know you bought in too high and hope to pump simply to dump on the (more) ignorant.
Yeah,
I've been burned more times than I have hit big on penny stocks. I absolutely refuse to trade them anymore and I'm doing just fine.
OTC:BB and the Pink Sheets are just RIFE with pump and dump and other shady bullshit dealing with 'reverse merged' companies and/or shell companies. I'd say steer clear.
I would love to see your expected numbers and how you justify the current valuation. Not only can you not justify the current stock price, but you will be locked up if you try to justify higher stock prices 3-5 years from now.
It is simple . . . just post numbers that justify your opinion, or everyone will know you bought in too high and hope to pump simply to dump on the (more) ignorant.
The numbers very often don't 'justify' the valuation....... so what? You can say that about almost any stock that goes into bull mode. The question is whether the stock will go up or not.
Follow the charts and jump in on bulls and get short on bears.
My long pick for 2006 is LGF. Love this company, which may not be a good thing when it comes to investing...Oversold right now, the company has made a few mistakes in the past few months, but the CEO has come out and said he has learned from them and is going back to their original strategy that worked so well for them before. I think this company may qualify as a "Good to Great" company... I'm holding this for 2-5+ years
I'd buy now myself at these levels, but if I already own too much of it in my portfolio so don't want too much risk from one stock.
The numbers very often don't 'justify' the valuation....... so what? You can say that about almost any stock that goes into bull mode. The question is whether the stock will go up or not.
Follow the charts and jump in on bulls and get short on bears.
Momentum playing works okay in the short run but ultimately you are still going have to face fundamentals behind the stock.
stock is up about 10% since I recommended it here, just wanted to do a follow up I've taken home almost 30% return on it and have owned it since october.
There is no real reason for it to go up right now.. It's going to continue to trade sideways with ups and downs while the MM's play their games.. Just like any other penny stock. If you're smart you don't hold these kinds of stocks, rather you play the game with the MM's and take quick profits when they come.
It will start moving once we get the confirm that it's going nation wide with the CC deal. That news could come out any day now, but most likely won't be released until sometime after Jan 15th as that is the roll out date.
griffin the more people that find out they can get both games and DVD's for a subscription price lower than Netflix's. Means more and more subscribers for Gameznflix.. only way they will go away is if netflix buys them out..
lets say everything goes the way they planned, last quarter they spent 1 million dollars to generate 100k in sales. the stock is valued at LESS than a penny. every quarter they lose money, and simply issue more stock (diluting your ownership), just so they have cash to run their daily operating activities. they have no cash, how do you anything without having cash? this company will be out of business in no time. because of your recommendation on this bullshit stock, my buddy lost close to $5k on it, seriously. i wish he would've told me about it before he bought stock, i would have never let him go into it.
these penny stocks are a joke, if you want to double your money quickly, go to vegas, put all the money on red or black, and you will seriously have a higher probability of success.
Not a slam against penny stock investors but isn't there a higher chance of being scammed when playing the penny stock game (ie., OTC BB and pinksheets)? Aren't many of these just "shell" companies?
Originally posted by Biggy
lets say everything goes the way they planned, last quarter they spent 1 million dollars to generate 100k in sales. the stock is valued at LESS than a penny. every quarter they lose money, and simply issue more stock (diluting your ownership), just so they have cash to run their daily operating activities. they have no cash, how do you anything without having cash? this company will be out of business in no time. because of your recommendation on this bullshit stock, my buddy lost close to $5k on it, seriously. i wish he would've told me about it before he bought stock, i would have never let him go into it.
these penny stocks are a joke, if you want to double your money quickly, go to vegas, put all the money on red or black, and you will seriously have a higher probability of success.
Not a slam against penny stock investors but isn't there a higher chance of being scammed when playing the penny stock game (ie., OTC BB and pinksheets)? Aren't many of these just "shell" companies?
of course, the only people who make money are the underwriters and management of the company, who find fools to buy their shares. its the #1 scam, these companies have no real value to offer. when i said you have a higher probability of success betting red or black at a roulette table, i wasn't joking. You take red or black, you get a 47% chance of doubling your money, betting in these stocks, the probability of success is a LOT lower.
someone said that company is trading sideways. that company is down 30% in the last 5 days, thats not trading sideways. thats watching your money evaporate into thin air. actually, its going to the management who decided they needed more money because they already blew it all, so they are issuing more shares to get more money.
this company is exactly 3 seconds away from being at zero.
NL Industries Inc. (NL)
Harvest Natural Resources Inc. (HNR)
KOS Pharmaceuticals Inc. (KOSP)
Craftmade International Inc. (CRFT)
Watson Wyatt & Co. Holdings (WW)
Intergraph Corp. (INGR)
Forest Laboratories Inc. (FRX)
Novo Nordisk A/S (NVO)
CR Bard Inc. (BCR)
Techne Corp. (TECH)
Linear Technology Corp. (LLTC)
Hallwood Group Inc. (HWG)
SunLink Health Systems Inc. (SSY)
United Capital Corp. (AFP)
Arbitron Inc. (ARB)
Check Point Software Technologies Inc. (CHKP)
Cryptologic Inc. (CRYP)
Catalina Marketing Corp. (POS)
Continucare Corp. (CNU)
Getty Realty Corp. (GTY)
St. Mary?s Land & Exploration Co. (SM)
Western Gas Resources Inc. (WGR)
XTO Energy Inc. (XTO)
Precision Drilling Corp. (PDS)
Edge Petroleum Corp. (EPEX)
Labor Ready Inc. (LRW)
USANA Health Sciences Inc. (USNA)
Tidewater Inc. (TDW)
Pioneer Natural Resources Co, (PXD)
Barry Petroleum Co. (BRY)
TETRA Technologies Inc. (TTI)
Abercrombie & Fitch Co. (ANF)
Oceaneering International Inc. (OII)
Kinder Morgan Inc. (KMI)
Nabors International Ltd. (NBR)
Devon Energy Corp. (DVN)
Newfield Exploration Co. (NFX)
Chesapeake Energy Inc. (CHK)
Rimage Corp. (RIMG)
Drew Industries Inc. (DW)
Gulfmark Offshore Inc. (GMRK)
SkyWest Inc. (SKYW)
Amedisys Inc. (AMED)
those are from screens. also MSFT and NEM. then add in japan and russia mutual funds. junior mining stocks in canada could do well as takeover targets, but metals aren't really my area.
Hmmm a 12 year bull run....? Correct me if Im wrong but the market dipping down to the 7900 range in 2001 marked the end of the bull run didn't it?
Yes... I wasn't referring to any particular index or stock.... bulls are bulls and can run for 12-20 years. Examples of current bulls would be gold and oil sectors.
of course, the only people who make money are the underwriters and management of the company, who find fools to buy their shares. its the #1 scam, these companies have no real value to offer. when i said you have a higher probability of success betting red or black at a roulette table, i wasn't joking. You take red or black, you get a 47% chance of doubling your money, betting in these stocks, the probability of success is a LOT lower.
someone said that company is trading sideways. that company is down 30% in the last 5 days, thats not trading sideways. thats watching your money evaporate into thin air. actually, its going to the management who decided they needed more money because they already blew it all, so they are issuing more shares to get more money.
this company is exactly 3 seconds away from being at zero.
Yep GZFX is looking ugly, maybe some people learned a lesson.
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