Link is up now
September auto sales come out next Tuesday and based on TrueCar looking like they may be down from last year? I'm thinking this will be just temporary in an overall positive uptrend. That together with all the shenanigans going on in Washington we may get those lower prices in the 3.70s. 3.60s or even the 3.50s? If so would be terrific opportunity to add to positions in the the dog. Also, i will be looking to add to my F position if we have a pullback based on comparatively slow September auto sales...jmpo
Maybe we get new info on Agero or new sat launch or something juicy tomorrow.
@ Boomer......if the market is soft next week and the MM decides to bring TheDog down too I will also be happy to add to my position.....LONGDUCKDONG
EDIT: Thanks for the link Boomer....good to know what the forecasted #s are before the Tuesday release.
Last edited by denco1; 09-25-2013 at 02:00 PM.
I would much rather see them get the bait back through buy back participation.
How about a divi and participation in the buyback
Press Release: SiriusXM to Retire $539.6 Million of Debt
Sep 25, 2013 16:47:48 (ET)
SiriusXM to Retire $539.6 Million of Debt
Redeems Outstanding 7.625% Senior Notes due 2018
NEW YORK, Sept. 25, 2013
NEW YORK, Sept. 25, 2013 /PRNewswire/ -- Sirius XM Radio (NASDAQ: SIRI) announced today that, on October 25, 2013, it will redeem all of its outstanding 7.625% Senior Notes due 2018 (CUSIP Nos. 98375YAZ9 and U98408AF1). As of September 25, 2013, $539,551,000 of the 7.625% Notes remains outstanding. SiriusXM intends to use the proceeds from the issuance of $650,000,000 aggregate principal amount of its 5.875% Senior Notes due 2020 to fund the redemption.
That's $31,698,621.25 of savings for the next year, plus the difference, $650,000,000-$539,551,000=$110,449,000+$31,698,621.
That's roughly $141M cash on hand within a year, to be used for what? I know we are not gonna sit on it!!!
Last edited by Redcloud; 09-25-2013 at 06:32 PM.