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Type: Posts; User: Steiny

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  1. Replies
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    It's going to be a great day when those...

    It's going to be a great day when those convertible bonds are finally gone from the books, regardless of stock price action up or down. This is last piece of "toxic" financing from the merger and...
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    That would be perfectly fine with me if I'm wrong...

    That would be perfectly fine with me if I'm wrong again lol.
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    Hey guys, haven't been posting much, just lurking...

    Hey guys, haven't been posting much, just lurking and reading everyone's posts. Congrats to those with all the good trades. I just wanted to post up a quick analysis for you guys - it's nothing...
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    You can always buy some call options to "cover"...

    You can always buy some call options to "cover" yourself after a sale. My personal strategy at the time of the initial "merger" announcement back in January was to sell and buy options. My thought...
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    I was reading the 10Q today on my phone, Denco...

    I was reading the 10Q today on my phone, Denco and that was exact react - tricky bastards. I guess we should be expecting this same type of contract for the next 2B. SXM is going to have a great...
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    I'm thinking Liberty takes SIRI to 4.5x. I...

    I'm thinking Liberty takes SIRI to 4.5x. I believe the calculation is based on the TTM of EBITDA also. But I think by next January/February, the debt load will be up to around $6.4B (1.425B x 4.5)....
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    Hey guys, haven't done a ton of posting lately,...

    Hey guys, haven't done a ton of posting lately, just be lurking around keeping up with all your great trades - congratulations to everyone here.

    Anyway, attached are my Q2 2014 estimates. It...
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    This is a tough one, but my guess is $3.26.

    This is a tough one, but my guess is $3.26.
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    Not sure what I wrote didn't go through, but...

    Not sure what I wrote didn't go through, but great call Denco. I like that they are being aggressive and doing $1.5B now and getting the debt/EBITDA ratio up to 4 quickly....
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    View Post

    Damn......sometimes you just get lucky.....WOW

    http://finance.yahoo.com/news/sirius-xm-radio-inc-prices-202300951.html


    there we go, $1.5B is more like it!


    Looks like they're not Fng...
  11. Replies
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    Looks like SIRI drew down $420M from the revolver...

    Looks like SIRI drew down $420M from the revolver after Q1 to finance the $340M Liberty buyback and plus $80M of other buybacks. I believe at the end of Q1, the outstanding balance on the revolver...
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    That wouldn't be a bad idea. Thinking about it...

    That wouldn't be a bad idea. Thinking about it more it's like buying back 270M shares for $750M or $2.77/share. Don't know if the bond holders would go for it though....
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    Attached is a comparison of my estimates vs....

    Attached is a comparison of my estimates vs. actual numbers. Wasn't as close on the key numbers as I usually am but now that the GM deal impact has gone through 2 quarters, figuring out the line...
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    100% agree with you. Based on what has been told...

    100% agree with you. Based on what has been told to us, continue levering of the balance sheet and subsequent buybacks are the logical steps coming soon. Liberty's conference call is on the 8th I...
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    Bond offering has to be coming soon. Based on a...

    Bond offering has to be coming soon. Based on a leverage target of 4x EBTIDA/debt and current gross debt at $3.462B, SIRI has capacity of $1.49B of debt based on the last 4 quarters of adjusted...
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    Thought this was important from the Q&A: Jim...

    Thought this was important from the Q&A:

    Jim Meyer
    I’ll take the first one in the third one and David will take the middle one on SAC. First of all, I thought we were clear, I just want to be...
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    King of all Trades website... also frequent...

    King of all Trades website... also frequent newmarketplayers... each one follows siri. Doesn't seem like there has been a ton of posting activity re: siri on these websites (although KOAT has been...
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    Hey guys, I've been lurking and reading everyday...

    Hey guys, I've been lurking and reading everyday but I wanted to share with you my Q1 2014 quarterly estimates that I posted on another website. For about 3 years I have been posting each quarter...
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    Yea JS - definitely been lurking on here the past...

    Yea JS - definitely been lurking on here the past few weeks. Been reading some good information and charts from a bunch of the posters. Haven't had a ton of comments to post lately but was planning...
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