plus .05 today! Eight more days like today we're back to exhaling
Sirius should offer salespeople 3 free months on THEIR personal subs, when/if customers sign on for 1 yr or more
I feel your pain Wolfe!!! $3.58 is just the number I calculated it would take to take 6000M shares off the table through the initial buyback with the remaining 400k.
Last edited by Redcloud; 11-08-2013 at 07:38 PM.
The rise of the Phoenix is near....or would that be THEHORNYDOG....
End of trade Monday completes the setting of price for the Liberty BuyBacks ...
EDIT: Tks for the Chart RC!!.......I hope we're there too. Either way we're close to the bottom.
Last edited by denco1; 11-08-2013 at 08:11 PM.
Hey folks, shouldn't the buyback agreement with Liberty start putting the breaks on further price pullback? Today should be the 10th day (actually 13th day...3 trading days after CC plus 10 days) used to calculate the volume weighted average price (VWAP) that SXM announced will be used with a 1.5% discount to determine the price that SXM will pay Liberty Media and its affiliates in their buyback agreement. If I figured this right, it looks to me like the price after the discount should be about 3.66. That means that they will be buying about 136.6M shares (500 M and divided by 3.66) from Liberty Media in 3 installments...November, January and April. Also, SXM said the buyback could be accelerated under certain circumsatnces. The way I see it and maybe I'm wrong...wouldn't be the first time, but if the price is below 3.66, SXM could buy on the market and sell back to Liberty at a profit?
Glad to hear you've got your site running again, Bassman.
Regarding DDD, I saw a subsequent disclaimer that the IBM buyout is not likely to happen......... but then DDD announced a budget-priced desktop 3-D printer, so that may account for the continued strength in the market.
Question to Denco and others regarding the buyback...... Is there a time constraint for that buyback opportunity? Is that why you mention that end of business on Monday should be the end? For some reason I missed that one.
My mistake! Please disregard last sentence in my previous post. I suppose it would be in Liberty Media's interest, not SXM, my bad, that could go into the market at prices below the 3.66 and sell back to SXM at the contractual price of 3.66 and make a profit...my apologies!