Good Pissing Match Worth Watching & Learning!
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. . . in a suit filed in federal court in New York on Monday, Emmis sues Alden and its principal Randall Smith, alleging improper stock trading behavior last Spring. The company claims that Smith violated the SEC rules about "short-swing profits" in February, March and April 2010, when it engaged in transactions known as cash-settled equity swap agreements.
http://www.radio-info.com/news/lates...uyout-of-emmis
Best Way to Lose New Clients!
This might be one of the single best advertisements I have seen for NOT seeking investment help from Gramercy Capital Mgt. Corp.!
This article is an embarrassment filled with factual inaccuracies, speculation, unsupported claims and assumptions, an apparent lack of basic research, gross omissions and seemingly libelous attacks on the business acumen of David Frear.
Here are a few snippets from Joan's masterwork . . . but I must warn you, there is a good chance you might pee yourself silly reading her drivel:
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Eventually Sirius caught up with XM and then merged with it after a long contentious battle through the U.S. regulators and the Congress.
I guess I missed the big celebration the day Sirius caught-up to XM; I hope you didn't over-indulge Joan. You too have a good memory Joan, it seems like just yesterday that Congress had a contentious debate over the merger. I think I may have even watched it on CSPAN. That vote on the House floor was a real nail-biter; and the Senate, I feared it would never pass the senate.
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Poor decisions by Mel Karmazin CEO based on very bad advice from CFO David Frear left the company with insufficient cash and cash flow to pay the interest on its debt.
Yes in deed Joan, why I remember saying to julietoo . . . I said Julie, if we could only somehow manage to scrape up the payments for the interest on this debt with the couple 100 million COH we have available, we wouldn't even have to worry about Charlie Ergin's unwillingness to roll the Feb-Converts or the Shylocks' refusals to restructure the maturing bank loan in May. Hey David, you readin this? I know, I know . . . just another crackpot; I don't know pal, you got a pretty thick skin but if I'm you . . . I gotta draw the line somewhere.
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Bankruptcy was imminent when John Malone and Liberty Media (LINTA) swept in with enough cash to buy 40% of Sirius."
Yes in deed Joan, it was a good thing John Malone "bought" that 40%. Seems like only yesterday me and relmor were dancing a jig we were so happy to have found a "buyer." Having Malone buy that 40% was a much better option than trading it for a short-term bridge loan. You got some sharp memory Joan . . . must be why you're a "Top Stock Picker."
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Malone loves tax loss carry-forwards and Sirius has them in spades. However, they will evaporate if Liberty moves to acquire the rest of Sirius prior to May 2012 so we have another year to wait to find out how that will play out.
Hey Joan . . . do they cover "Reverse Morris Trusts" in the CFA curriculum?
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His attorneys assert that they were included in distributing Howard’s content to XM subscribers and therefore those subscribers should count for the bonus.
Good point Joan . . . whadda ya say we pay Howard for the million or so XM subscribers who hear Howard's content via the "Best of" programming and call it a day? Oops, sorry, that extra million still doesn't hit the bonus target; my bad.
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When interviewed this week about this compensation dispute, Stern was very circumspect and acknowledged the contradiction between his job to promote Sirius XM at the very time he is suing them.
Yes Joan . . . that was quite an interview, wasn't it? It's not often that a caller gets to interview a radio host while calling into the Howard Stern Show . . . but that caller, that caller was like Piers Morgan!
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Almost all cars and light trucks are now manufactured with receivers for satellite radio
Holy $hit lady . . . I'm almost tempted to not even correct this one cuz it sounds so pleasing to the ear but unless 65% has suddenly become almost 100%, you might just want to pick up a transcript of the last conference call.
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By owning Sirius XM, you don’t have to care which car company is outselling the other at any given month.
OMG, please, lady . . . close-out your position in siri immediately; this is not the right stock for you. Spencer, I know I've been a little rough on you but could ya help a brother in need? Tell her, please . . . . you've already got the boiler-plate written; just slap-up a new article with a few revisions. I think my friggin head is gonna explode if I try and explain it to her.
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Keep your eye on David Frear’s stock transactions and S4 filings. He seems to know exactly when the shares are about to peak out and sell a bunch as he did recently when he sold 375,000 shares at $1.78 on 2/18/11 for a total value of $667,538.
Joan? Be honest now, are we up-to-date on our continuing-ed cycle? (now I'm starting to feel sorry for this lady)
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According to myriad press releases through the years from both Howard Stern and his boss at Sirius, Mel Karmazin, the survival and success of Sirius was the direct result of bringing in the well known self-styled radio talk show host to boost its brand awareness. There is no question that the idea worked in spades. After a year of Howard, the number of subscribers ballooned to 3,316,560 by the end of 2005.
You know something Joan? It is rather remarkable! I mean, after a year of Howard at Infinity during 2005, before he ever even went on the air at Sirius in January 2006, he brought in over 3 million subscribers; what the hell . . . lets hit the punch bowl and pay him for 2005 as well!
http://blogs.forbes.com/joanlappin/2...rtner=yahootix
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Seeking investment help with your portfolio. Contact us. Don’t let a beginner practice on your retirement funds. Turn Gramercy Capital’s decades of experience to your advantage. We’ve been ranked #1 in the Nelson’s Directory of Registered Investment Advisors. Contact us at info@gramercycapital.com.
Keep Joan's decades of experience I'd rather have the beginner! Ooh-Fah, what a disaster http://www.freesmileys.org/smileys/s...aughing013.gif
btw, note to Gramercy Capital Mgt. Corp and Joan E. Lappin, CFA . . . . I have copied and pasted the article as written at the time of this post into a Word document; if this article is later edited without notation, I will post the entire unedited article to highlight the factual errors that have been corrected as well as any libelous claims that may have been retracted.