Well, worked out almost exactly as you(+ I) predicted= he wrote off 108 mil in 2nd qtr., saving the rest(102 mil) to post against 3rd qtr., to make sure that 3rd qtr eps would also miss.
But, once again, this has gone beyond transparent= this company always has an ace in the hole, in the way of "one time write-offs", that erase any potential impressive eps #'s, and make the bottom line look rather so-so, @ best!
Kudos to Malone, et-al, you've screwed the pooch again!
By now, siri's quarterly reports have become too transparent to fool the serious investors with their record shattering free cash flow, huge sub increases, etc.,; bottom line, here, is simply that everyone knows that siri will release dismal eps, which, in fact, dictates how a company has done 4 the past quarter!
Is this repetitious negative eps report engineered to B so= is mgt intentionally bringing DOWN eps, every quarter?
Matters little if it's intentional= it's this pattern that has consistently prevailed= Look for them to bath themselves in self adulation about their exceptional accomplishments, and, dismiss as unimportant, the fact that they have once again blown it on E P S!
Seasoned traders KNOW that siri can B depended on to release great #'s, = likely to B, increased free cash flow, strong auto sales + sub increases, slimming down of operating expenses, +, could go on + on, BUT, history says that siri stock does EVERYTHING great @ the quarterly report, E X C E P T, the eps, which has always been brought DOWN, by unanticipated ONE TIME EXPENDITURES= COUT ON IT;
Siri shares take, yet another dump, 'cause mgt engineers the eps to NOT B in line with all of its other reporting metrics!!!!!!!
Yes, THIS would B "consistent" with their "agenda" of making sure that EVERYTHING in the quarterly report is GREAT, except the eps, which they consistently and systematically make @ or below expectations!
This game they play has become way beyond transparent, by now!!!!!!
Thus far, this co. has managed to #$%$ defeat from the jaws of victory, every quarterly report; THIS time they will have to "dig a little", IF they don't involve the 210 mil$ payout(or some form of, or, a part, there of !!)
EPS concensus is 3 cts per share; let's see how they manage to screw it up with all positives, EXCEPT, "the bottom line"(eps), THIS time!!!!!!!!!!
Gonna B a little MORE difficult, THIS quarter, with all of the positive press, over the last few days, BUT, they'll figure out SOME way to make the eps look bad, + keep any potential profits O U T of the retail shareholders' pockets! BTW, this is exactly what they manage to do EVERY quarter!!!
Great prediction=that siri would decrease in val.,, when the overall mkt was expected to drop due to problems w/Greece + and China.
Could go on, but, once more we r receiving so-called Predictions, that r cherry picked with info designed to shed, once again, a negative light on siri as a stock + co.
Has anyone else detcted the consistent negative overtones in EVERY weeks' Duke Documentaries?
Predicting what has happend + shaping info to render a negative tone, week after week, seems to make one wonder why all of this time and effort is invested to mold opinions about this company! No doubt, there is an agenda here, that is aimed @ this company.
Regardless of the motive, this "weekly column" of "The Duke", clearly wants its readers to believe that siri is NOT a good inv., hard to give credibility to this agenda, when it is sooo predictably negative, week after week!!!!!
Siri mgt is likely(imo) lining up their excuses 4 such a poor eps in the 2nd qtr., in spite of what will B good sub #'s and huge cash flow; the 210 mil payout to "pre-72 music" will lead the reasons 4 such an abysmal eps, BUT, they'll, as usual have other "one time expenditures" to sugarcoat their diverting the $$ into THEIR pockets, instead of into shareholders accts., via positives eps!
BTW, has siri E V E R exceeded the eps projections, or, is merely hitting the projected eps, now supposed 2 B a major mgt accomplishment??
Sounds 'bout right= Naz down .34% and, the drum roll= Siri's s/v DOWN 4 times that amt., so, what else is new= insiders paying their G.S.(imo) lackies, to drag siri down so that they and malone own as many siri shares as cheaply as poss., until malone once again trys to steal the rest of the retail shareholders' equity with another insulting "takedown offer'!!!
This will apparently send the mkt down, which will yet again B used as a vehicle to lower siri's s/v by 3-4 times as much(%-wise) as the mkt's loss!
'Course, the potential demise of the Confederate Flag, + the recent Supreme Court's rulings will likely + eventually B imployed as yet another mis-direction excuse to evaporate siri's s/v even further(while the "insiders cook the books, to make sure that THIS quarter's eps is as dismal as all others have been)= STILL the biggest scam on Wall st., that the M+M's + siri's insiders line their pockets with while robbing shareholders' equity!!!!!
Yes, agree, + as said, This maneuver does have upsides, BUT, the timing of the announcement is rather conspicuous, in that it, yet again, gives investors another chance to render a ho-hum response to a continuing pattern of un-impressive quarterly eps reportings.
BTW, the rest of your comments also seem "on point"= Siri rarely seems to have a positive response to mkt upticks, but, seems to ALWAYS dive a lot worse than the rest of the mkt when it has a downturn, etc= Siri behaves like a dog, and, its mgt always re-acts in a rather "complacent manner" to its poor performance!
It seems, @ EVERY Siri quarterly report, they manage to squeeze in some off the wall "one time expenditure", or "the like" to off-set what would otherwise have been a positive eps quarter!
They seemingly W A N T to #$%$ defeat from the jaws of victory, by keeping the bottom line(eps) either at, or, below forcasts!!
THIS time, they figured that they'd "pre-announce" their expenditure, in the form of a 210 mil$ pay-off to pre 1972 artists' recordings that they used in an alledged un-authorized manner!
Yes, there R upsides to this maneuver, BUT, its timing certainly falls right in line with what is, by now, a clear pattern of making sure that they have mediocre, @ best, eps @ EVERY quarterly report!!
Every 15 days, we R "treated to" the article that explains how Siri is one of the 6(or, 7, or 5, etc) MOST heavily shorted stocks! Well there's a shred of truth to this, BUT, this is actually mis-information @ its best= How many shares R shorted needs to B put in perspective, relative to the # of OUTSTANDING SHARES!
Currently, siri has comparatively less shorted shares than it has had in a long time, + relative to its outstanding shares, it has a lower % than it has had in quite a long time; likewise it has a lowe % of outstanding shares than many other stocks= just another way that the M=M's + the mercenaries in the media manipulate and guide this equity to where THEY want it to B!!!!!!
Can honestly say that , having followed this stock 4 a while, it seems to have rewarded the mgt a great deal while giving most shareholders a good version of what a scam stock is=
Yes, Malone may have "saved it", but in doing so, got it 4 almost nothing and wound up giving Mel close to 1/2 a bil.$$ walking $$
Howard S has milked it to the tune of close to, or over a bil. of shareholder equity, AND, it seems to mysteriously present some off the wall, un forseen reason to surpress profits(+, ergo, eps @ EVERY quarterly report.
For those rare exceptions who've actually made a "killing" @ .05 to 1.00 per share, congrats, BUT, they R far + few between and, in fact, would've likely invested minimally @ the time it was supposed to B near forclosure; once again, the ATM for M+M's + the likes of Mel K , Howard S., and, the soon to B only shareholder, Malone!! Still,imo, the scam stock of Wall St.!!!!!
Little Girl? U R the one with the line of B.S. who's trying to make lemons look appealing; kinda irksome that this dog isn't behaving "your way"?
Enough bantering with a true pumper= your attachment to Siri is blocking your vision= tell your tall tales to someone else who might actually belive your line; meanwhile, Malone will continue to use siri(and U) as his atm!!!
Hey, looks as if YOU R doing all the crying here; If you can't stand the "heat" ("Truth"), then, perhaps U should go elsewhere; meanwhile, Siri will continue 2 B Malone's cash cow= kinda like his A T M, that he draws from to finance his "other projects" + corporate bonusses!
So, Malone has increased Siri's borrowing limit by 1/2 billion!!?? Clearly, He's milking this cash cow into the ground; just a matter of HOW he cooks the books, to keep Siri's S/V DOWN, while HE'S buying shares back 4 himself, to gain more control over Siri, + make his next "play" to drain the retail shareholders of their remaining equity!
Yes, he IS using Siri as a credit base to accomplish goals in his "other holdings", +, yes, he's driving this co. into the ground with its higher + higher debt load!
My guess, re: next earnings call= (imo), Malone will come out with yet another lame excuse 4 siri's "bottom line" to B "mediocre" so as to again surpress S/V and drive off even more "reets"!
He's all about(imo) having siri ALL to HIMSELF, BEFORE any significant share value increase takes place.
JMO, BUT, as we all know by now, he's just "that kinda guy"!
Malone likely IS buying back shares. Notice, I said Malone is etc.,
; The more HE buys back, the more control HE has over the stock price and its remaining outstanding retail shares!
Imo, share val. will NOT see ANY significant uptick until he has cleaned out most of the remaining retail shareholders. He's just THAT kinda guy!!
We R on the same page, here! IMO, Malone is using his G.S. cronies to help LMCA buyback as many shares as cheaply as possible, NOT for the "other shareholders' benefit, BUT, merely to give Malone MORE control and power over siri, so that he can try to cheat the remaining retail shareholders out of their remaining equity w/ yet another "buy-out scam"= Greed @ its best
Malone OWNS Liberty; Liberty owns siri! ll of this nonsense 'bout Siri benefittingo much from the so-called buy-back us another "hustle"! Imo, every share that siri buys back", just gives Malone more control over siri and its retail shareholders= it merely gives Malone a btr position to try, once more to relieve he retail shareholders of their remaining equity!
Malone doesn't permit siri's s/v to increase till HE owns 90-95%(excluding what his cronies have "been given")