Ok, I'm going to change my prediction.
$47.90 EOY 2015 absorbed by MaloneCo as LMCK stock
Ok, I'm going to change my prediction.
$47.90 EOY 2015 absorbed by MaloneCo as LMCK stock
Denco....LMCA/K trading lockstep again today and could close at same price as each other.....
[QUOTE=dm_4;87511]Last hour to get your picks in
Hey just a friendly reminder for old members here and new ones....we have a guess the end of year siri price target contest going on. Grand prize is bragging rights Anyway if anyone who has not already given a shot at it and would like to please post your prediction by end of today's trading day so i can update (feel free to change your picks as well). After the close today this will be the final list. ty. glta
So far:
I'll give it a shot... let's say 5B shares outstanding at year-end 2015, 1.25B FCF is $0.25/share X 20 multiple = $5. That would be my high-end. Low end I would say 14 multiple = $3.50... let's say somewhere in the middle as an average - $4.25. I am going to discount this some because I think there will still be some uncertainty left with investors due to LMCA's shenanigans. So my final number is $3.95 - about 7.5% discount to $4.25.
Last edited by denco1; 01-09-2015 at 04:47 PM.
On the CITI conference Maffei made reference to the discount to NAV AGAIN which basically insinuates or SCREAMS LOUDLY that LMCK is undervalued and the "better deal" between the 2 EDIT - according to MAffei--. Well then Greg/MaloneCo puppet master #2, why not combine the 2 entities in order to get rid of that discount sooner rather than later. It seems to be the only way as you have been complaining about the NAV discount for years.
Last edited by denco1; 01-09-2015 at 04:49 PM.
Last edited by MUSCLE13; 01-09-2015 at 04:46 PM.
[QUOTE=MUSCLE13;87518]I'm using SIRI's numbers for now - I know they are low-balled but I like to be more conservative in my PPS estimates. And this is a year-end estimate, not what the actual EV should be. I'll do that once I see 2014 YTD numbers.
The company also issued 2015 guidance for net subscriber additions, revenue, adjusted EBITDA, and free cash flow:
· Net subscriber additions of approximately 1.2 million,
· Revenue of approximately $4.4 billion,
· Adjusted EBITDA of approximately $1.6 billion, and
· Free cash flow of approximately $1.25 billion.
[QUOTE=MUSCLE13;87523]When I do a full EV analysis for 2015, I'll come up with my own FCF and EBITDA estimates which will be higher than this. Will post this up when I get around to it in the next couple of weeks. I like to estimate each line item out for the year and come up with my own estimates.