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  1. Steiny is offline
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    05-01-2014, 04:33 PM #51
    Quote Originally Posted by denco1 View Post
    Damn......sometimes you just get lucky.....WOW

    http://finance.yahoo.com/news/sirius...202300951.html


    there we go, $1.5B is more like it!


    Looks like they're not Fng around...

  2. denco1 is offline
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    05-01-2014, 04:34 PM #52
    Thanks Wolf!

    Those 7% converts have to be in play with the 1.5 bn......which is why I was hoping for something in that range.

    Either they have a deal in place to redeem at a premium or they are ready to buy hard now through December when they convert to shares.

    EDIT: With the 1.5 bn + the additional 400 ish mn borrowed against the revolver to complete the Liberty buyback......their debt to Ebitda ratio stands at about 4.16 to 1. Take out the 7% converts and that ratio gets back under 4.......about 3.8 to 1........or a comparable pay down on the revolver with the proceeds.
    Last edited by denco1; 05-01-2014 at 04:59 PM.

  3. just sirius is offline
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    05-01-2014, 05:17 PM #53
    Denco...great call my friend!!!!

    JS

  4. denco1 is offline
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    05-01-2014, 05:42 PM #54
    Thanks JS

    Hope we get the move up to go along with it......GL to the longs

  5. MLSiri is offline
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    05-01-2014, 05:50 PM #55
    Hey DC1, are you a closet MM???? Great call, bro!

    Quote Originally Posted by denco1 View Post
    Now if they would throw us a little bone like a $1.5 bn bond offering tomorrow morning....we could break this downtrend and close above $3.25.

    This POS wants to pop off of the best white candle we've seen in the last 4+ months on the highs......wishful thinking I guess on the bone...hoping though....wishing....praying......

  6. denco1 is offline
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    05-01-2014, 06:00 PM #56
    Ha....that'd be awesome MLS........we'd all be rich. Thanks man!....a lucky guess with the long white candle low to high of the day yesterday. Just hope we get some follow through. The longs have been battered for 6+ months.....we need a turn.

  7. Limit5Bass is offline
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    05-01-2014, 08:55 PM #57
    Quote Originally Posted by SN38 View Post
    More $ for Malone's bait $ buy backs. Look how it worked out for the share holders with all of the buying back of shares over the last year. SP is basically the same as a year ago but Malone pulled out $500,000,000.
    +1

  8. Limit5Bass is offline
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    05-01-2014, 08:59 PM #58
    Quote Originally Posted by denco1 View Post
    Ha....that'd be awesome MLS........we'd all be rich. Thanks man!....a lucky guess with the long white candle low to high of the day yesterday. Just hope we get some follow through. The longs have been battered for 6+ months.....we need a turn.
    Awesome call Denco! I think you're right, SIRI needs a turn soon....

  9. Steiny is offline
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    05-01-2014, 11:04 PM #59
    Not sure what I wrote didn't go through, but great call Denco. I like that they are being aggressive and doing $1.5B now and getting the debt/EBITDA ratio up to 4 quickly....

  10. denco1 is offline
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    05-01-2014, 11:30 PM #60
    Thanks BassMan and Steiny!

    Yes, being more aggressive in appearance with the 1.5 bn may give the longs a bit of support in the short term. What will really give the longs some support for the next few months going into year end will be acting on the aggressive appearance and hitting the open market at these low levels...........GL to the longs

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