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Congratulations si! You found a 100 dollar bill in those pants you haven't worn in 2 yrs. Actually since April 15, 2016. On that date you must have held 1000 shares of Liberty Media (LMCA). Through Spinco, Liberty Media split into 3 tracking stocks, Liberty Braves BATRA, Liberty Sirius XM LSXMA and Liberty Media LMCA. You got 1 for 1 BATRA, 1 for 10 LSXMA, 1 for 4 LMCA and some cash for the fractional LMCA shares. It was a corporate action, not a purchase. Since then Liberty acquired Formula One racing, retained an interest in Live Nation and changed the ticker for Liberty Media from LMCA to FWONA.
If you held it in a taxable account it doesn't incur any tax liability at the time. But will incur cap gains when you sell any of them. This is John Malone at his tax aversion best. The cost basis changed and is different for all 3 holdings. Check out the Liberty webpage ( http://www.libertymedia.com/stock-cost-basis.html ) for that info.
Currently, you're probably looking at a 15% gain in BATRA, 57% in LSXMA, and 30% in FWONA. The LSXMA shares represent Malone's SIRI shares (about 9 for 1) and selling at an 18% discount to SIRI.
Hope this is accurate and helpful.
http://www.libertymedia.com/stock-cost-basis.html
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360 will be released tomorrow during the call. Just a hunch
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Buy the dollar dip :p
For the record....I took the Eagles getting 5.5 pts.
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Congratulations to the Philadelphia Eagles....SUPER BOWL CHAMPS!! :thumbup:
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as the market and FAANG stocks continue to decline sharply, Sirius continues to show strength. Is this just an anomaly or is it actually in much better shape than the rest? The only thing I’m afraid of is the ‘ol pump-n-dump and Sirius sp taking a massive s**t as everyone runs for the exit. Any thoughts anyone? I’m considering unloading half my position today in anticipation of a brutal decline.
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Never hurts to take some profit off the table bdp and pay your self....take a third off...take a half off.....take something.
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I haven’t sold 1 share of Sirius in nearly 3 years as it seems greed always trumps reason. I just can’t bring myself to pull the trigger, especially as I watch the sp bounce around $6.20.
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Democrates for the most part are just wanting to be proven correct. They are panicking in the belief that because of Trump the markets are going to crash. We are still way up. I would only trade IRA monies so not to be taxed Sirius will keep climbing slowly but slowly. Stay away from Bit coin
Just my 2cents.......
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"Panicking"? Fear that "the markets are going to crash"? Well, right now the Dow is down more than 1,500 points, just three days after falling 665.75, which, at the time, was the biggest drop since June 2016. The S&P is down 4% and NASDAQ is down almost 3.5%. We have a discouragingly dour, dismal, dramatically dropping Dow -- and the panickers probably feel vindicated now.
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Bloomberg calculated that today's "Wall Street rout" resulted in a stock market loss of $1.25 trillion. White House press secretary Sarah Sanders said this afternoon that President Trump is focusing on "our long-term economic fundamentals, which remain exceptionally strong, with strengthening US economic growth, historically low unemployment and increasing wages for American workers. The President's tax cuts and regulatory reforms will further enhance the US economy and continue to increase prosperity for the American people." Really, Sarah? "Exceptionally strong"? "Economic growth"? "Prosperity"? Welcome to 1929.
Dow suffers largest one-day point drop ever
The Associated Press, Feb 5 2018 4:34 PM
Wall Street started a brand new week of trading with the Dow Jones Industrial Average suffering its biggest-ever one-day point drop. The Dow tumbled as much as 1,597 points shortly after 3 PM before bouncing back from its low. The Dow finished the day down 1,175 points (4.6%), topping the 778-point drop September 29, 2008, the previous record for a one-day point drop. The S&P lost 4.1% and NASDAQ fell 2.87%.
https://wtop.com/national/2018/02/st...unges/slide/1/