Anyone have anything good, bad, or otherwise to say about Schwab as far as trading goes? I moved away from them years ago because their trade rates were too high but now it looks like I might be going back.
I wonder if you can trade MJNA with them? Anyone know?
From a Playground post...
Sirius XM Radio (NASDAQ: SIRI)‘s stock had its “outperform” rating reiterated by investment analysts at Barrington Research in a note issued to investors on Monday. They currently have a $3.75 target price on the stock.
The analysts wrote, “Subscriber gains remained strong in the fourth quarter and full-year 2012 as Liberty formerly asserted its controlling interest. Churn and conversion rates remain in line with recent historical experience despite implementation of a first-ever price increase as a merged company at the start of 2012. Further, the only changes of substance to this point with the change in control appears to be a more concerted intent to return capital to shareholders in the form of a $0.05 per share special dividend in December and initiation of a $2 billion stock buyback program to be implemented starting in 2013. Liberty is intent on recapturing funds expended to establish its controlling stake. Aside from that, Liberty management has publicly expressed support for the fundamental progress established by Sirius XM management, suggesting that any further shift in ownership (such as the long-speculated Reverse Morris Trust option) would not necessarily or even likely be a 2013 or 2014 event.”
What I wrote :
Also have an article pending (probably wont be out till tomorrow) regarding my expectations that Liberty will not sell into the first round of buybacks (perhaps more). Consider the double effect of growing their stake plus increasing the value of that stake. Unless Liberty needs cash quickly, they are better off just selling back at the end. Even if they undercut market by a penny to remove notions of "foul play" and SIRI buys back $1.5 billion at the end from LMCA, LMCA stands to benefit immensely by not participating in the buyback at all.
Again this assumes LMCA doesn't need cash...
100% of the buyback coming from float would likely have a greater effect than a 1:1 float / LMCA sell back.
I mean I get it... Liberty has said they want the bait back, Liberty has said they would prefer not to spin high basis, etc. etc. but Liberty can get the bait cash back this way, no problem, and there's little issue with spinning out a bit of high basis if the bait cash is returned.
I dunno I'm just a guy... I sell generators (permanent install 14KW and up Kohler) here in New England (I see many of you are in the area... lemme know if you need one though we're kinda strung out now through April cuz of this storm...) Who am I to guess at the masterminding behind Liberty's plans! I may turn out to just be a rambling madman ...
A rambling Madman, imagine that That's someone that's mad at everyone, that ramble's right. Touche'
Denco...Red...Again thanks for the charts! Watched all day as the accumulation continues!
Sold some SXM in IRA and bought 200 shares AAPL! Taking a flyer on CEO speaking at GS conference tomorrow along with talk of increased dividends/buy backs announced/possible 1 time dividend paid! They are under pressure from large investors to return some of tie 137B COH to shareholders!l