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Thread: SiriusXM Weekly Stock Talk: 4/20/14- 4/26/14

  1. #81
    Wolf Child is online now
    What a great deal Liberty is getting today...... I'm sure that creates value for us somehow right?

  2. #82
    bdp. is offline
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    Quote Originally Posted by Wolf Child View Post
    What a great deal Liberty is getting today...... I'm sure that creates value for us somehow right?
    Um...no.

  3. #83
    BJH is offline
    Just bought a big chuck at 3.09 and fully plan on flipping it. Anybody else pick up some down here? What price are you looking to sell? I'm thinking I may take the quick cash today if we hit around 3.14-3.16

    edit: That may be a bit optimistic for today.

  4. #84
    bdp. is offline
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    Quote Originally Posted by BJH View Post
    Just bought a big chuck at 3.09 and fully plan on flipping it. Anybody else pick up some down here? What price are you looking to sell? I'm thinking I may take the quick cash today if we hit around 3.14-3.16

    edit: That may be a bit optimistic for today.
    I may pull the trigger myself.

  5. #85
    Wolf Child is online now
    I always buy these dips and they always pay off eventually.

  6. #86
    bdp. is offline
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    I have buys in at 3.08, 3.07 & 3.06. Hope at least 1 fills before nasdaq reverses.

  7. #87
    Raptor is offline
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    Denco / Wolf
    Can you guys take a look at the year over year financials 11/12/13 on yahoo. Pay attention on the income statement lines

    Total Other Income / Expense Net yoy Differences
    Net Income from ops
    Income tax expense (before and after .51 cent a share year) NOL's


    Balance sheet
    Total assets
    Total Liabilities (Not Bad for what we got in return)
    Stock holder equities


    All while keeping in mind that we purchased
    Agero
    2,300,000 stock repurchase
    Paid off debt
    Refi costs


    Look at the movements of these lines and you will see the genius of Malone
    Good for us and Him
    Hiding huge profits
    Buying back shares on the cheap
    Selling back shares at a higher price while increasing LMCA ownership with every share we buy
    NOL's were taken to keep these profits from showing up on bottom line
    When we're done buying (and LMCA is at 60% plus) Malone will let these hit the bottom line and sell back down to 51% ownership

    Any comments?

  8. #88
    denco1 is offline
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    I'll check them out Raptor.

    Lets see if I can make sense of them as you have.


    Ultimately, I don't think MaloneCo end game is to have us buy back a boat load of shares. Pulling us in to MaloneCo is what he wants and then spinning us out after a few years. He will continue to have SIRI buy back at low levels but I don't think it will be in huge #s. Just enough to show us they EDIT: are "looking out" for all other shareholder interests.....a smokescreen. He wants SIRI for its FCF to complete his BIG picture plans whatever they are. SIRI shareholders will benefit as a result of MaloneCo benefiting but that is not his priority. At this point I would rather get pulled into MaloneCo and be a direct part of the plan rather than constantly being blindsided by their actions or inactions. A merge swap will effectively reverse split SIRI and reduce the float. This is another reason I don't think MaloneCo wants to buy back at large levels going forward or is too concerned about the huge float as it will be reduced substantially on the merge.
    Last edited by denco1; 04-25-2014 at 05:30 PM.

  9. #89
    denco1 is offline
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    So what do we get on Monday....downgrade by Wunderdick.........upgrade by XYZ........announcement of bond offering.


    EDIT:

    Remember even though we paid MaloneCo 3.65 per share........we just went from

    6,058,791,343 shares outstanding as of 03/31/2014 to under the BIG 6 bn.....5,965,791,343

    As of today

    With no added debt this further lowers the EV/EBITDA multiple....making these prices that much more ridiculously cheap.
    Last edited by denco1; 04-25-2014 at 05:22 PM.

  10. #90
    Steiny is offline
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    Quote Originally Posted by denco1 View Post
    So what do we get on Monday....downgrade by Wunderdick.........upgrade by XYZ........announcement of bond offering.
    Bond offering has to be coming soon. Based on a leverage target of 4x EBTIDA/debt and current gross debt at $3.462B, SIRI has capacity of $1.49B of debt based on the last 4 quarters of adjusted EBITDA (Q2 2013 - Q1 2014). Or since the revolving LOC decreased to $310M, could max this out and then offer a smaller bond? Not sure if that would make sense based on interest rates, but either way, good chance we hear something soon....

    Also, Harrigan downgraded SIRI to $3.50 a few days ago I believe....

  11. Ad Fairy Senior Member
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