This trading routine has been pretty great for me, however, at some point I may get caught with my pants down and I am becoming increasingly more hesitant.
This trading routine has been pretty great for me, however, at some point I may get caught with my pants down and I am becoming increasingly more hesitant.
Another heavy volume day....seems these type of vol days usually happening in the 3.70s area lately. Buy em back!
Last edited by dm_4; 06-16-2015 at 01:35 PM.
Nice call Midas. I salute you!
http://finance.yahoo.com/news/deutsc...110050859.html
Denco, how you doing? Are you getting wet from that tropical storm accross most of Texas now? I've been inactive here since I sold all my holdings a year or more ago; all that powder went to AAPL and so far has been a good move. I'm thinking of taking a small position in SIRI again at these prices, so likely you'll see more of me here on this board. BTW, in my brief peek here, I don't see Wolfman: Is he still around? More later.
Thanks Muscle! Appreciate it!
Edit: If Comcast gets T-Mobile, they could really change things up. My only concern is "spectrum." Dish has a lot of spectrum. I think I am going to accumulate some Sprint shares because whoever doesn't get T-Mobile, Sprint is next in the taking.
Muscle... check your inbox. I invited you to the chat room.
Last edited by midas360; 06-17-2015 at 10:05 AM.
Hi SLY!, good to see you. Not much rain to this point down south yet other than a shower or 2. May pick up as the week progresses. Still on this SIRI boat for me. Waiting for a new range over $4 and will then re assess.....maybe lighten up a bit or maybe continue to torture myself
S&P Rtg On Sirius XM Revolver Rems 'BBB-' On Upsize, Recov '1'
DOW JONES & COMPANY, INC. 8:32 AM ET 6/17/15
The following is a press release from Standard & Poor's: CHICAGO (Standard & Poor's) June 17, 2015--Standard & Poor's Ratings Services said today that its 'BBB-' issue-level rating and '1' recovery rating on New York City-based satellite radio company Sirius XM Radio Inc.'s revolving credit facility remain unchanged following the company's upsizing of the revolver to $1.75 billion from $1.25 billion and extension of the debt's maturity to 2020 from 2017. The '1' recovery rating indicates our expectation for very high recovery (90%-100%) of principal in the event of a default. Our 'BB' corporate credit rating and stable outlook on Sirius XM are not affected. The corporate credit rating incorporates our expectation that the company's leverage will not increase above our 4x threshold for the rating because of its good operating outlook and growing operating cash flow, despite its moves to boost shareholder returns. We assess Sirius XM's business risk profile as "fair," reflecting its stable subscriber churn, dependence on U.S. new auto sales and consumer discretionary spending for growth, and its long-term vulnerability to competition from alternative media. Our "significant" financial risk profile assessment is based on the company's more aggressive financial policy since late 2012. Sirius XM paid a $327 million special dividend in December 2012, and it repurchased $1.76 billion of shares in 2013 and $2.52 billion in 2014. The company also issued an incremental $1 billion of debt in March 2015, resulting in leverage increasing to 3.3x as of March 2015 from 3.1x as of Dec. 31, 2014. We expect that leverage will remain in the 3x-4x area through 2016 as debt-financed share repurchases offset EBITDA growth. We believe that some risk still surrounds Liberty Media Corp.'s long-term financial strategy and its potential effect on Sirius XM. Liberty Media is Sirius XM's majority owner
Good to see you and a few other familiar names here. I used the member search facility and it appears Wolf Child has been absent for a full year (last posts were arounf Memorial day last year).
I occasionally have memory flashes of our old friend BM. I wonder how many of his flock have been suckered by now. I wonder if he's still trying to sell his patented brain fart, or does he just continue pleading for financial help?
Where did they get that number of shares bought back, over 4 bil. ????