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Carmel Group - Stand-up People - Agree to Discuss Report With SSG
April 3, 2006
My hat is off to the Carmel Group for being a professional organization that is willing to discuss their report.
Subsequent to the report being issued, we called The Carmel Group to speak to the author of the report. My call was returned, and I have set up an appointment for early next week to review the points of the Carmel report with the author.
The author expressed that he looks forward to discussion of various aspects of the report, and discussing opposing or other points of view that perhaps do not match his for this particular report.
We here at SSG
look forward to going through the various issues with Carmel, and as always will keep you informed.
4/03/2007 02:14:00 PM
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Good luck, but I am selling part of my shares. I can't take the daily losses anymore.
By April 03, 2007 4:25 PM
stand up people???These vultures are aiding to destroy the stocks and the companies in this space!!
By April 03, 2007 5:14 PM
I have to give them credit for:
By SSG, at April 03, 2007 5:16 PM
1. Taking the time to return my call.
2. Their willingness to discuss the issues of the report.
3. Their willingness to consider other views.
In my opinion, that is a stand-up person. The author of the report already understands that I do not agree with what he wrote, and expressed a willingness to see the other sides of the various issues. I have to give credit where credit is due
with all due respect,
By April 03, 2007 8:36 PM
my Lord you sound naive
this is a masquerade period
money rules and they get money
from the nab
that trumps integrity
know this, they will agree to nothing but their talking points!
Realistically speaking, and in general terms, I can not argue with your statement. However, I will reserve outright judgement based upon my conversation with the author of the report. He is well aware that I disagree with aspects of the report. He has expressed a willingness to talk about the various points. In the end, he may not change his opinion at all, but I have to respect the author for taking the step to discuss the report with SSG, and that in my opinion makes him a stand-up person. It does not validate his opinion, nor mine, but I am willing to "sit at the table" and go over the various points, and give this person and organization and credit for seeking additional opinions. I keep my eyes wide open.
By SSG, at April 03, 2007 9:51 PM
What if The Carmel Group re-evaluates their report, finds discrepencies, and concurs with your findings?
By April 04, 2007 7:10 AM
Will they print a retraction?
Publish a new report?
And if so, would Mr. Martin publicy be inclined to comment on some of the salient issues.
This would inject jet propulsion into the stock.
Let's face it, SIRI & XM HAVE TO be proactive and stop the carnage. As a shareholder, I'm angry, frustrated, and have had enough!
Go get em Mel!
The argument that the report isn't biased rings hollow, given its sponsorship.
By April 04, 2007 10:17 AM
That said, the conclusions reached seem to be accurate -- Sirius and XM have competed principally with each other, they have responded to each other competitively, and they have done little to compete against the other "competition" which they now claim to face. And doing away with competition is undoubtedly a bad idea for consumers.
The only winner in this merger will be Sirius shareholders.
The most compelling argument is XM's elimination of advertising on music channels in response to SIRI's success with "commercial-free music". This is so strong a factor that XM now runs several channels, programmed identically but sans commercials, for those they are required to run commercials on -- just so they can maintain their "commercial free" status.
It is amazing, to me, that so many are willing to accept that cutting competition in half within the sector can conceivably be GOOD for the consumer. This is obviously a ridiculous argument -- it is too bad that Carmel had to be sponsored by NAB to say it (which takes the edge off their substantially accurate conclusions).
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