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Thread: SIRI Weekly Thread 9/2/2013 - 9/8/2013, Dawn of the Dead

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  1. #29
    denco1 is offline
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    Joined: Nov 2012 Location: Shortie's A$$ Posts: 2,049
    Quote Originally Posted by Limit5Bass View Post
    i wonder if they suspended purchases until the info about a possible sale of some of liberty's shares came out so the buybacks can now help support the price while Liberty's sales are going on...
    It's possible Bass, though I think the smart thing to do would be for Liberty to sell Directly to SIRI at a negotiated/pre determined price and retired immediately without having to go through the market. EDIT: What ever the price might be.....3.75>>>>3.95...doesn't really matter in the grand scheme of things and would take those shares out and reduce shares outstanding immediately which would be a positive.

    As for todays action....looks like we may be in consolidation/pause/dip mode with the AppleRadio announcement early next week.

    Sell the rumor and buy the news would be nice.

    EDIT2: Roughly 195 mn shares that Liberty would need to sell to get down to 50%

    EDIT3: Yes, a higher price would cost SIRI more today but by this time next year they will been seen as a bargain if the price is at $5.
    Last edited by denco1; 09-06-2013 at 03:35 PM.

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