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Thread: SIRI Weekly Thread 10/06/2013 - 10/12/2013

  1. #31
    lakefun1 is offline
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    looks like we could close over $4.00 today

  2. #32
    denco1 is offline
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    Great news for TheDog this morning. I am unclear as to whether the $2bn buy back is in addition to the 500 mn Liberty shares they will purchase or that is the purpose of the buy back. I guess we will know in about an hour......GLTA

    EDIT: It's $500 mn dollar amount in participation not 500 mn shares as I stated above. Will be part of the new $2 bn buy back.
    Last edited by denco1; 10-10-2013 at 12:23 PM.

  3. #33
    denco1 is offline
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    Form 8-K for SIRIUS XM RADIO INC.


    --------------------------------------------------------------------------------

    10-Oct-2013

    Other Events



    Item 8.01 Other Events
    On October 9, 2013, we entered into an agreement (the "Agreement") with Liberty Media Corporation to repurchase $500 million (the "Shares") of our common stock, par value $0.001 per share (the "Common Stock"), from Liberty Media at a price per share (the "Per Share Price") equal to a 1.5% discount to the average of the daily volume weighted average price ("VWAP") per share of the Common Stock during the ten-day period beginning on the third trading day following the date of the public release of our third quarter 2013 earnings, which average daily VWAP shall not be greater than $4.18 or less than $3.64.

    http://biz.yahoo.com/e/131010/siri8-k.html
    Last edited by denco1; 10-10-2013 at 08:21 AM.

  4. #34
    lakefun1 is offline
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    so we won't be going much over 4.00 in the near future then

  5. #35
    Delta is offline
    Cramer just said on CNBC, "this stock is not done going higher"

  6. #36
    Sundeeez is offline
    I was hoping for one more down day.... Looks like the DJIA bounce right off the 200 day MA

    That's a big ol' gap at the open for SIRI!

  7. #37
    denco1 is offline
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    Quote Originally Posted by lakefun1 View Post
    so we won't be going much over 4.00 in the near future then
    I thought the same thing with a floor of 3.64 and ceiling of 4.18. Looks like a range they have negotiated to sell the shares. Ideally, the market will push the shares higher and SIRI will be buying back at a discount to the market of + 4.18 at the time of the transactions.

  8. #38
    lakefun1 is offline
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    sure hope you are right denco!!

  9. #39
    denco1 is offline
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    If the Macro doesn't fall apart we should be in good shape.

    Interesting that MEYER did not increase any guidance before the Q3CC and we are still at the upper end of the gap up. Dog is acting with quite a bit of strength so far.

    EDIT: Of course, currently the Macro isn't getting in the way and actually helping as the majority of stocks have gapped up this morning.
    Last edited by denco1; 10-10-2013 at 10:03 AM.

  10. #40
    Sundeeez is offline
    We'll call this GAP UP THURSDAY

    I just couldn't pull the trigger yesterday on any stocks with the high volume everything sold off at.

  11. Ad Fairy Senior Member
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