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Thread: SIRI Weekly Thread 9/23/2013 - 9/29/2013

  1. #21
    denco1 is online now
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  2. #22
    Boomer is offline
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    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

    http://www.foxbusiness.com/industrie...er-auto-sales/

  3. #23
    SN38 is online now
    Thanks. Interesting Q&A. More buy backs ahead - Liberty certainly wants their bait back maybe by a dividend -
    Talked about a possible rate increase with tiered premium pricing - connected car is a certain threat

    Quote Originally Posted by denco1 View Post

  4. #24
    denco1 is online now
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    Quote Originally Posted by SN38 View Post
    Thanks. Interesting Q&A. More buy backs ahead - Liberty certainly wants their bait back maybe by a dividend -
    Talked about a possible rate increase with tiered premium pricing - connected car is a certain threat
    Yes, nothing new but confirmation of what's in store down the road. A threat and opportunity going forward with the connected car. RMT and or buy back participation and of course more additional buy back tail wind as leverage is still below 3.5 app. target.
    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 03:00 PM.

  5. #25
    SN38 is online now
    First time I heard talk of a rate increase and another dividend. Although they were presented more as trial balloons.

    Quote Originally Posted by denco1 View Post
    Yes, nothing new but confirmation of what's in store down the road. A threat and opportunity going forward with the connected car. RMT and or buy back participation and of course more additional buy back tail wind as leverage is still below 3.5 app. target.
    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.

  6. #26
    denco1 is online now
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    Quote Originally Posted by SN38 View Post
    First time I heard talk of a rate increase and another dividend. Although they were presented more as trial balloons.
    I will need to go back and listen to it again. I don't recall hearing anything on another dividend just a renewal on the Buy back authorization when this one is complete. As far as the rate increase, that was tied in to the additional services as a premium tier from the connected car Agero/telematics add ons. Sounds like it could be a separate service and or a premium add on for current SIRI subs.

  7. #27
    SN38 is online now
    He mentioned a dividend as a way of getting their bait back. Agree with rate increase with premium tier. Nothing definitive as usual from him as to future moves, a lot of loose talk. Slippery as an ell.

    Quote Originally Posted by denco1 View Post
    I will need to go back and listen to it again. I don't recall hearing anything on another dividend just a renewal on the Buy back authorization when this one is complete. As far as the rate increase, that was tied in to the additional services as a premium tier from the connected car Agero/telematics add ons. Sounds like it could be a separate service and or a premium add on for current SIRI subs.

  8. #28
    denco1 is online now
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    I would much rather see them get the bait back through buy back participation.

  9. #29
    SN38 is online now
    I agree. They will do whatever is most tax advantages for Liberty probably

    Quote Originally Posted by denco1 View Post
    I would much rather see them get the bait back through buy back participation.

  10. #30
    Redcloud is offline
    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

    PR Newswire

    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 07:32 PM.
    Suck Eggs Shorty!!!

  11. Ad Fairy Senior Member
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