Posts Tagged ‘Dennis “Cos” Costa’

Sirius XM (SIRI): Jessica Caldwell To Preview Edmunds’ September Auto Sales Forecast — Tonight At 8:00PM ET

Posted 22 Sep 2010 — by Demian Russian
Category Sirius XM (SIRI) News

by Demian Russian

edmundsHow are auto sales shaping up for Sirius XM Radio (NASDAQ: SIRI) for the month of September? Tune into Playground Radio tonight, Wednesday, September 22nd at 8:00PM ET, for an exclusive, live interview with Jessica Caldwell, Director of Pricing and Industry Analysis at Edmunds. Jessica Caldwell will be offering a preview of Edmunds’ official September forecast before it’s released tomorrow. Caldwell will be interviewed by Demian Russian, with Brian “Newman” Rayl and Dennis “Cos” Costa, about the current state of the U.S. auto industry and how auto sales are shaping up for the rest of the year. With auto sales so important to Sirius XM’s subscriber growth and business model, the current state as well as the future outlook for U.S. auto sales will be discussed.

Satellite Radio Playground's Playground Radio is honored to have interviewed Jessica Caldwell of Edmunds.comJessica Caldwell is the Director of Pricing and Industry Analysis at Edmunds. She has been with the company since July 2006, having come from Subaru’s product planning department where she served as the Forester Car Line Manager. Earlier in her career, she was a product strategy specialist for Mitsubishi and worked in the dealership real estate division of Toyota Motor Sales, USA. Caldwell earned her BS in Business Administration from the University of Southern California.

With many automaker incentive programs winding down on the heels of Labor Day Weekend, there were signs that auto sales had softened, according to a September 16th Edmunds report. According to that Edmunds report, auto sales for the full month of September were tracking at a SAAR (Seasonally Adjusted Annual Rate) of approximately 11.3 million. Edmunds senior analyst Ray Zhou noted that “as soon as the holiday weekend was over, car-shopping activity fell about 40 percent.” Ford (NYSE: F), Chrysler, Volkswagen, and BMW sales were all lagging when compared to their sales pace for the first two weeks in August. Most of the other automakers were maintaining stable sales, with Toyota (NYSE: TM) and Nissan showing single digit improvements, when compared to the same period. Jessica Caldwell noted that “the sales trendline for the rest of the year may begin tracking downward.” Read More

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Sirius XM (SIRI) Is Ready For Some Football With Joe Namath And “The Broadway Blitz”

Posted 16 Sep 2010 — by Dennis "Cos" Costa
Category Sirius XM (SIRI) News

by Dennis “Cos” Costa

After speaking at the Bank of America/Merrill Lynch (NYSE: BAC) Media, Communications, and Entertainment Conference on Wednesday, September 15th, where Sirius XM’s CEO Mel Karmazin all but announced resigning a deal with the NFL by saying “it is now in the hands of the lawyers,” Sirius XM Radio (NASDAQ:SIRI) announced that the NFL legend Joe Namath has joined Sirius NFL Radio. The iconic Hall of Fame quarterback is to host “The Broadway Blitz With Joe Namath” Fridays on Sirius NFL Radio beginning on September 17th from 2:00-3:00 p.m. ET on Sirius channel 124, and on XM channel 124 for subscribers with the “Best of Sirius” programming package. Joe Namath will be joined by co-host Adam Schein to discuss the latest news from around the league, and look ahead at upcoming NFL weekend match-ups. They will be taking calls from fans from around the country from their nationally broadcast show throughout the 2010 NFL season.

“It’s a real thrill for me to be joining Sirius NFL Radio and talking about the game I love with fans all over this country. I’ve been involved with football a long time and I still get excited about every season like I did when I was lacing up my cleats as a kid in Pennsylvania. I’ve got a lot of wisdom from my time in the NFL and a lot of thoughts about today’s players and teams. It’ll be fun to share them with our listeners and I look forward to hearing what they think as well.”

– Joe Namath

Joe Namath was best known and remembered by fans for his role in the New York Jets upset of the Baltimore Colts in Super Bowl III. After giving his famous pregame guarantee of victory, he proceeded to put on a MVP performance and lead the Jets to a 16-7 upset. In his 13 year career spanning from 1965 through 1977, Namath was one of the most exciting , proficient, and publicized quarterbacks to appear on the NFL scene, both on and off the field. Read More

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Playground Radio To Discuss Sirius XM (SIRI) — Live Tonight At 8:00PM ET

Posted 15 Sep 2010 — by Demian Russian
Category Sirius XM (SIRI) News

by Demian Russian

Playground RadioJoin Demian Russian, Dennis “Cos” Costa, and Brian “Newman” Rayl as they discuss the world of Sirius XM Satellite Radio (NASDAQ: SIRI) on Playground Radio — live tonight (September 15th) at 8:00PM Eastern. There is much to talk about with Sirius XM CEO Mel Karmazin presenting earlier today at the Bank of America/Merrill Lynch (NYSE: BAC) Media, Communications, and Entertainment Conference, and the company’s stock responding, making a run today to close at $1.11 after touching an intraday high of $1.13.

Listeners are welcome to call in and join the live discussion at (347) 934-0239. Playground Radio can be heard live Wednesdays at 8:00PM Eastern. Previous episodes of Playground Radio are available for streaming or download, as an Mp3 file or via iTunes. Further information about Playground Radio can be found at the Playground Radio Home Page. Tonight’s episode of Playground Radio can be heard live via the following link:

Position: Long SIRI

Contact the Author: demianrussian@satelliteradioplayground.com

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BGB Securities’ Murray Arenson To Weigh In On Sirius XM (SIRI) — Tonight At 8:00PM ET

Posted 08 Sep 2010 — by Demian Russian
Category Sirius XM (SIRI) News

by Demian Russian

BGB SecuritiesBGB Securities media analyst Murray Arenson will be discussing his thoughts on Sirius XM Radio (NASDAQ:SIRI) in an exclusive, live interview on Playground Radio — tonight, Wednesday, September 8th, 2010, at 8:00PM Eastern. Mr. Arenson currently has a BUY rating and a $1.35 price target on shares of SIRI.

Murray Arenson, BGB Securities Media Analyst

Murray Arenson, BGB SecuritiesMurray Arenson has covered the Media and Media Technology Industries for more than twelve years and worked for Nielsen Media Research, the media industry’s leading research company, prior to joining the financial ranks.

Mr. Arenson is a two-time Wall Street Journal All-Star Analyst, including a ranking as the Number One analyst in the Cable and Entertainment industry and a position on the Wall Street Journal’s Home-Run Hitters Team (ranking No. 4 among analysts in all industries with highest portfolio returns).

Mr. Arenson has been widely quoted in trade, financial, and general media, including CNBC, Investor’s Business Daily, New York NewsDay, Los Angeles Times, Bloomberg News, Cable World and MultiChannel News. Mr. Arenson was previously an analyst with Ferris, Baker Watts, Inc. Prior to that, he was the President of Mosaic Equity L.L.C., an independent research firm serving institutional investors. He has also been an analyst with Morgan Keegan & Company, Hoak Breedlove Wesneski & Co., and Rauscher Pierce Refsnes, Inc. Mr. Arenson received an M.B.A. from Southern Methodist University and a B.A. from Washington University.

Arenson, who previously covered Sirius XM while at Janco Partners, initiated coverage of Sirius XM for BGB Securities last March with a BUY rating and a $1.15 price target. Arenson then raised his price target to $1.35 on May 5th following Sirius XM’s first quarter results. Arenson reiterated his BUY rating and $1.35 price target on August 5th following Sirius XM’s second quarter results.

In his reiteration report responding to the company’s Q2 results, Arenson said that “cash is flowing” and “guidance remains cautious.” Arenson saw Sirius XM executing well, with the second quarter results showing the same strength as the company’s pre-announced subscriber metrics on July 7th. “Management is cautious with respect to guidance, as uncertainty regarding auto sales continues,” Arenson said. While noting that “prudence may be warranted,” Arenson believes Sirius XM’s outlook and financial health continues to improve. Read More

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Maxim Group Senior Media Analyst John Tinker To Weigh In On Sirius XM (SIRI) — Tonight At 8:00PM ET

Posted 01 Sep 2010 — by Demian Russian
Category Sirius XM (SIRI) News

by Demian Russian

Maxim GroupMaxim Group Senior Media Analyst John Tinker will weigh in on Sirius XM Radio (NASDAQ: SIRI) in an exclusive, live interview on Playground Radio tonight, September 1st, at 8:00PM Eastern. Mr. Tinker recently initiated coverage of Sirius XM for Maxim Group with a BUY rating and a $1.40 price target.

“It’s dollar price may be masking an oligopolistic quality of fundamentals that should attract a broader following.”

– John Tinker, Maxim Group Senior Media Analyst

In his August 18th initiation report, Mr. Tinker laid out a compelling case for the attractiveness of Sirius XM’s current valuation. He compared Sirius XM’s EBITDA growth rate to traditional media companies and compared Sirius XM’s EV to EBITDA multiple to Netflix (NASDAQ: NFLX) to show Sirius XM’s current discounted multiple. By 2012, he sees FCF approaching $0.10 and even “some kind of share buyback as possible.” Tinker believes that Sirius XM’s quality franchise and growth prospects, combined with its financial and operating leverage, “suggests that a higher premium is justified.”

John Tinker, Maxim Group Senior Media Analyst
Mr. Tinker has worked extensively in the media business as an equity analyst, private equity investor and fund manager. Prior to joining Maxim, he managed Steamer Capital, an investment firm. From 1996-1998, he was Managing Director at Sandler Media’s private equity fund. Previously, Mr. Tinker was the media/internet/entertainment analyst at ThinkPanmure, where he was the only analyst to recommend Google at its IPO price. In the 1990′s he co-founded Montgomery Securities (now Bank of America) media & communications division after stints at Furman Selz and Morgan Stanley. He graduated from Exeter College, Oxford University with an M.A. in Politics, Philosophy and Economics.

Tonight’s Playground Radio program will be hosted by Demian Russian, with Dennis “Cos” Costa and Brian “Newman” Rayl. After tonight’s interview with Mr. Tinker, a discussion about the latest happenings in the world of Satellite Radio will follow. Listeners are welcome to call in and join the live discussion at (347) 934-0239. Playground Radio can be heard live Wednesdays at 8:00PM Eastern. Read More

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Patent Reveals Sirius XM’s (SIRI) Satellite Radio 2.0 Possibilities

Posted 27 Aug 2010 — by Brian Newman Rayl
Category Sirius XM (SIRI) News

By Brian “Newman” Rayl

Sirius XM Satellite Radio 2.0 A few days ago, my partner Dennis “Cos” Costa and I wrote an article speculating on the possibilities of a Slacker/Pandora type application for Sirius XM (NASDAQ:SIRI) and how it would benefit the company to create such a service or buy out one of the existing services. One of the key issues that we determined was in this paragraph:

“We also both agreed that Slacker and Pandora are feature rich with a very nice “jukebox” feel to it, allowing you to customize your very own personal radio stations, while providing users with some music discovery advantages at the same time. You can base your station on a certain group or a certain theme, as well as creating a ”hate songs” list so that they never play again. The personalization of these services is quite nice. Obviously you cannot do the this with Sirius XM, leaving the user only able to pick a genre of music, but not the artist.”

Should Sirius XM (SIRI) Buy Slacker or Pandora?

Yesterday TWX, a member of our forums, brought to our attention a patent that was filed back on June 19th, 2008 and owned by XM Satellite Radio. According to the U.S. Patent and Trademark Office (USPTO), the basis of this patent is as follows:

“The present invention relates to a system and method for providing a broadcast radio service listener with the ability to generate a personalized radio channel play-list on a radio receiver from broadcast content as it is received. More specifically, the present invention relates to a system and method for buffering content from a set of channels selected from among the broadcast channels of a source stream(s) as they are received, and for generating a playback stream using the buffered content that provides a multichannel listening experience to the user with preview, reverse, fast forward and other navigation functions for the buffered content.”

– United States Patent Application #20090320075

In fact, Slacker, Pandora, and Last.fm are specifically referenced within the filing as examples of what the purpose of the patent is geared towards. The filing states that “on-line personalized radio services [have] demonstrated its appeal to music fans as evidenced by the continued growth of personalized radio service providers such as Pandora, LastFM and Slacker. These providers assemble personalized play-lists for users by accessing a large music library where each song has a meta-data field containing ratings on multiple stylistic parameters.” The patent filing goes on to say that “a need exists for a live satellite radio offering with low cost hardware that does not require a large local song database to be built over time at a satellite receiver by recording content matches received over-the-air or via other broadcast method.” Read More

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Hurricane Katrina: Bob Edwards On Sirius XM Radio Takes A Look Back After Five Years

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Posted 27 Aug 2010 — by Dennis "Cos" Costa
Category Sirius XM (SIRI) News

by Dennis “Cos” Costa

This Saturday, August 28th, at 8:00 A.M. ET, on Sirius XM’s (NASDAQ: SIRI) Bob Edwards Show on XM Public Radio channel 133 and Sirius channel 196, Edwards will broadcast his first of two upcoming programs exploring the life experiences of people trying to survive — and save Louisiana. With all of the news and video coming out of the Gulf of Mexico since the BP oil rig disaster on the Deep Water Horizon on April 20th, 2010, not much mainstream media news has been reported on the recovery status of the Gulf Coast states since Hurricane Katrina.

The first of the series will be looking at the people and their struggles through a series of  in-depth special reports and interviews with fishermen, biologists, hunters, professors, and of course, the weary residents of Louisiana discussing how the oil and gas industry has been helpful, and how it has hurt the coastal areas.

In the second of the scheduled programs “No Place like Home: The Vanishing Culture and Ecology of Coastal Louisiana, Bob Edwards will bring you inside the “perfect storm” that has changed the coastal culture forever — ecologically, economically, and emotionally for the people who for generations have lived in these Gulf Coast regions. Again, through a series of interviews and reports, there will be discussion of how to rebuild the wetlands and try to restore a way of life from being washed away by the powerful storm from five years ago, and from the more current oil spill that has again devastated a slow-to-recover area. The second part in the series will air on Wednesday, September 1st. Read More

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Sirius XM (SIRI): Satellite Radio Round Table #3 — Tonight @ 8:00PM ET

Posted 24 Aug 2010 — by Demian Russian
Category Sirius XM (SIRI) News

by Demian Russian

Playground RadioThe August 2010 edition of Satellite Radio Round Table airs live tonight (August 24th) at 8:00PM ET. The Satellite Radio Round Table is a collaborative effort of Satellite Radio Playground, SiriusBuzz, and Orbitcast to bring Sirius XM Radio (NASDAQ:SIRI) fans and investors a unique and varied perspective of the Satellite Radio landscape. Last month’s Satellite Radio Roundtable was hosted by Satellite Radio Playground on Playground Radio. SiriusBuzz will be hosting this month’s Satellite Radio Round Table on their Satellite Radio News radio program.

This month’s Satellite Radio Round Table topics will include: Satellite Radio 2.0, Howard Stern, Slacker/Pandora, the FCC station lease-back issue, John Tinker’s recent initiation of Sirius XM coverage for Maxim Group, the NAB/RIAA FM radio mandate proposal, and more.

Spencer Osborne from SiriusBuzz will be moderating this month’s round table discussion. Tonight’s Satellite Radio Round Table will air live on Satellite Radio News at 8:00PM ET. Following the live broadcast, the show will be available for streaming or download as an Mp3 file or via iTunes. Listeners who would like to participate in the live discussion can do so by dialing (347) 945-7995. Read More

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Should Sirius XM (SIRI) Buy Slacker or Pandora?

Posted 21 Aug 2010 — by Brian Newman Rayl
Category Sirius XM (SIRI) News

Co-Authored by Brian “Newman” Rayl and Dennis “Cos” Costa

Satellite Radio Playground - Sirius XM Satellite Radio (SIRI) Should By Slacker and PandoraA short time ago my partner Demian Russian wrote an article comparing Sirius XM Radio (SIRI) to a newly announced Slacker integration of ABC News. This sparked a conversation on our message boards and during our weekly Playground Radio show, which compared the pros and cons of each company’s offered services. Of course a discussion of these markets and operating platforms requires consideration of Sirius XM’s competition as a whole. Aside from the plethora of local Internet radio stations that we could talk about, whose programming is generally local and serves a different market, we instead turned our attention to the two audio players that are most frequently compared to Sirius XM as their competition — Slacker and Pandora.

Satellite Radio Playground - Sirius XM Satellite Radio (SIRI) Should By Slacker or PandoraIt was decided that we would do a “Bull vs. Bear” type debate, written about the Internet platform and the competition represented by these well known companies. A funny thing happened to us on the way to the debate table –  both of us could not come up with a valid disagreement between the two of us. Instead, we determined that the main disagreement between us was the impetus for Sirius XM to commit to such a move in the first place. Should Sirius XM Radio develop a more complete package for the Internet platform themselves, or should they consider an outright purchase of either of these two companies? Integrating either’s feature-packed software into the satellite radio company’s superior content might be the more preferred option, building on already well known and received services which both companies now enjoy. Read More

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Sirius XM Radio (SIRI) Compliments 583K New Subscribers With Over $108M In Free Cash Flow

Posted 04 Aug 2010 — by Dennis "Cos" Costa
Category Sirius XM (SIRI) News

by Dennis “Cos” Costa

Mel Karmazin

Mel Karmazin

Sirius XM Radio (NASDAQ:SIRI) announced its second quarter financial and operating results in a press release today, August 4th, 2010. The company announced strong double digit growth in revenue on a year-over-year basis, up 16% to $705.6M for the quarter. Adjusted EBITDA for the quarter was $154M, up 17% on a year-over-year basis, and net income on a GAAP basis for the quarter, was a positive $15.3M or $.00 per share, an increase from the same period of 2009 from ($159.6M) or ($.04) per share.

“The sharp subscriber growth and double-digit increase in adjusted revenue and adjusted EBITDA show that we continued to execute on our business plan during the second quarter. Compared to the year ago quarter, gross additions increased by 46%, deactivations declined by 8%, and customers paid us on average 11% more each month – clearly showing just how much subscribers love our service.”

– Mel Karmazin, Chief Executive Officer, SIRIUS XM

In the company’s conference call it was also anounced that free cash flow had turned positive for the second quarter, reporting $108.3M compared to a negative ($127M) in the first quarter, and $12.7M in the same period a year ago. With this strong financial performance in the second quarter, the company also increased guidance for the full year 2010, projecting adjusted revenue to approach $2.8B and free cash flow to approach $150M. The company left its target of $575M in adjusted EBITDA unchanged at this time. Sirus XM also maintained its projected guidance for net subscriber additions of 1.1M for the full year.

Giving more depth to the company’s net income (loss) attributable to common stockholders, the positive $15.3M in net income reported  included losses on the extinguishment of debt in the second quarter 2010 of $31.9M, compared to $107.8M in the same period of 2009. These losses were atrributable to the restructuring of $500M in 9.65% notes paid in April 2010, and for the early redemption of all of the $114M, 10% PIK XM notes paid with cash on hand on June 1st. Read More

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Live Coverage of Sirius XM’s (SIRI) Second Quarter Conference Call

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Posted 04 Aug 2010 — by Brian Newman Rayl
Category Sirius XM (SIRI) News

Welcome to live coverage of  Sirius XM’s (NASDAQ:SIRI) 2010 second quarter conference call. This coverage is being brought to you by a joint effort between Satellite Radio Playground and SiriusBuzz utilizing CoverItLive. There is no need to refresh your screen — it will automatically post updates to your screen live as it happens. Coverage will begin at 7:00AM ET (one hour before the call actually starts) to bring you up to the second news and analysis as the public releases come out. We will continue throughout the conference call and shortly after to give our panelists an opportunity to give their opinions of the reported results.

Tonight, Satellite Radio Playground will have its regularly scheduled Playground Radio show at 8:00pm ET. We will discuss the Q2 earnings results and listeners will be welcomed to call in and join the discussion. More information can be found on the Playground Radio home page.

Enjoy the live coverage! (Just click the play button!)

Disclosure: All panelists are long SIRI

Live Coverage Of Sirius XM’s (SIRI) Q2 Conference Call

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Posted 03 Aug 2010 — by Demian Russian
Category Sirius XM (SIRI) News

by Demian Russian

Sirius XM Conference CallSirius XM Radio (NASDAQ:SIRI) will be releasing its Q2 2010 financial and operating results on Wednesday, August 4th, and the conference call to discuss those results and field analyst’s questions is scheduled for 8:00AM ET. Satellite Radio Playground and SiriusBuzz are pleased to announce that they are joining forces again to deliver live coverage of Sirius XM’s Q2 2010 conference call. The team will be utilizing CoveritLive to deliver streaming news from the call — as it happens.

Whether you chose to view the live, streaming coverage at SatelliteRadioPlayground.com or SiriusBuzz.com, you will be treated to the exact same content. This collaborative effort gives Satellite Radio investors and enthusiasts an important aspect that had been missing in the sector — varied perspective in one place. This special event allows you to garner instant reactions while listening to the call. Get news, opinions and insights from Satellite Radio Playground’s Demian Russian, Brian “Newman” Rayl and Dennis “Cos” Costa, with Spencer Osborne and Charles LaRocca from SiriusBuzz. Read More