Consumer Goods: Sirius XM Defies Short Sellers to Thrive in World of Online Streaming
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 15 September 2015
⏱️ 20 minutes
🧾️ Download transcript
Summary
Despite being one of the most heavily shorted companies trading on the NASDAQ Composite, Sirius XM has proven satellite radio is here to stay as it launches new growth initiatives to shore up its long-term future with connected cars and SXM17. And in the world of beer, MillerCoors is feeling the pressure from increasing craft beer sales as it closes one of its eight U.S. breweries.
Transcript
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| 0:00.0 | Is Sirius XM here to stay in a streaming music world on this Consumer Goods edition of Industry Focus? |
| 0:07.0 | Greetings fools, I am Sean O'Reilly, recording at full headquarters in Alexandria, Virginia, and joining |
| 0:18.0 | me today is the extraordinary Vincent Shen. |
| 0:20.8 | How's it going, Vince? |
| 0:21.8 | I'm doing well, how are you, Sean? Not too bad. About to, back to 80 degrees here in Alexandria. It was a little cold the other day. It's nice. It's nice. I prefer this weather. I agree. Falls wonderful. Well before we dive into talking about serious |
| 0:35.0 | XM and its competitive position I wanted to briefly discuss big news in the world of |
| 0:40.2 | beer this morning. What's been going on here? Yeah, so you know Miller Coors |
| 0:45.1 | joint venture between S. A. B Miller and Coors Brewing. I actually was at |
| 0:51.1 | their brewery in Denver. You just had to drop. I actually was |
| 0:54.0 | You just had to drop that little tidbit didn't you? |
| 0:57.0 | It was awesome. |
| 0:58.0 | It was really awesome. |
| 0:59.0 | Very fun tour of the brewery there, but they have eight right in yeah and they'll actually be closing one of their main breweries the one I was shocked at this because they still have 24% market share between all these brands. |
| 1:14.4 | Like they're not, you know, it's them and Budweiser. |
| 1:17.0 | They still have two-thirds of the U.S. market, but I mean, they've got Coors Light, Miller |
| 1:21.5 | Life, Miller Light, and Blue Moon, my personal favorite there. |
| 1:25.3 | And yeah, they're closing their Eden, North Carolina plan. |
| 1:27.7 | It's going to close by September 2016. |
| 1:30.1 | And they're doing this under the new CEO a gentleman by the name of Gavin Hattersley and you |
| 1:38.2 | know 520 people are getting laid off they're going to shift production to another one of their |
| 1:41.8 | facilities and they just decided the fact that the number of micro breweries and |
| 1:48.0 | Regional breweries grew 19% last year to I think 3,418 according to the Brewers Association. |
... |
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