Last edited by bdp.; 05-16-2014 at 05:10 PM.
Last edited by Wolf Child; 05-16-2014 at 05:23 PM.
We've gone into debt for billions of dollars to buy back shares under the premise of raising the the share price value and we're down .33. We paid Malone 3.66 for shares while they were trading 3.10 at the time. We're told we 're in a tortoise race, only losers would say that for crying out loud. Meyers is nothing more than Malone's Lewinsky.
Last edited by SN38; 05-17-2014 at 12:26 PM.
Liberty just spent $124.5mn for 896k shares of Charter from 5/4/14 to 5/7/14......about $138.50/share. Within the last month Charter shares traded down to $116.78/ per share. Talk about buying at the high end of the range. Would be nice if they showed that much confidence in their largest holding, SIRI. Meanwhile we flounder at the low end of the EV/Ebitda range with no show of confidence from our majority shareholder.
Is anyone going to the shareholders meeting tomorrow?
Not certain yet but I am going to try my very best to attend. If anyone cares to, post some questions here that you would like me to ask. I will also be recording everything and will post the responses here.
Last edited by bdp.; 05-18-2014 at 06:32 PM.
Hope you can make it bdp and thanks for offering for questions.
Here's one: Over the past year over 2 Billion dollars has been spent buying back and retiring shares with much of it borrowed and now this year another 2 billion has been approved to be spent purchasing even more shares. With the share price today about .50 cents lower than last year at this time please explain to me how repurchasing shares has been of any value to any share holders other than Liberty and what is the justification of buying back more shares after the dismal results of doing so over the past year.
Last edited by SN38; 05-18-2014 at 10:44 PM.