Malone's tracking stock "strategy" is really about confusing investors while he is "printing money" creating new "tracking stocks" for the companies he already owns trading on the exchange. My 2 cents...
YOU GUYS GOT ALL THIS? A = B = C , A = C.... BABAM!!
ENGLEWOOD, Colo. (AP) -- Liberty Media Corp. plans to reclassify its common stock into three new tracking groups, which it expects will help it raise money more precisely for each group.
The groups will include Liberty Braves Group, Liberty Media Group and Liberty Sirius Group.
Liberty Braves Group will be tied to Liberty subsidiary Braves Holdings LLC, which indirectly owns the Atlanta Braves, certain assets and liabilities associated with the Braves' stadium and a mixed use development project. Liberty Sirius Group will be linked to Liberty subsidiary Sirius XM Holdings Inc.
Shareholders of Liberty's Series A, Series B and Series C common stock would receive shares of the corresponding series of Liberty Braves, Liberty Media and Liberty Sirius tracking stocks for each share of Liberty common stock held.
Liberty expects to complete the creation of the new tracking stocks in the first half of 2016.
Last edited by midas360; 11-12-2015 at 10:30 AM.
I WIN. GAME OVER. CHECK MATE. I CONTROL YOUR EVERY MOVE. WATCH WHAT HAPPENS NEXT
Look fellas... it's a simple sum of the parts game. For example, you buy a car for $25K... decent car, right? You take the car apart and sell each seperate component on EBAY or Craigslist. You make $50K. Takes a little work but you double your money.
BadaBing BadaBoom... wipe your hands clean and you move on to the next car.
I guess the tracking stock news wasn't taken so well by Sirius XM investors.
Last edited by midas360; 11-12-2015 at 11:07 AM.
I WIN. GAME OVER. CHECK MATE. I CONTROL YOUR EVERY MOVE. WATCH WHAT HAPPENS NEXT
Liberty trying to take out October 13 high of 42.07
LmcaCS.jpg
LMCA is what I bought this morning. It was selling at at a very big discount to NAV (some say high teens percentage). This deal should close that gap. Cheap way to buy more Sirius. When it splits off Liberty Sirius Group I will move into that as well. Kept my Sirius. Moved other funds into LMCA. I think Wall Street will be embracing LMCA stock over the next weeks and months to come.
I WIN. GAME OVER. CHECK MATE. I CONTROL YOUR EVERY MOVE. WATCH WHAT HAPPENS NEXT
Friggin Malone!
Wanted to get your guy's thoughts as I formulate my SIRI re-entry strategy... now that we have this news, what would compel investors to buy SIRI anymore vs. Liberty SIRI group? My thoughts are I would rather buy a piece of the 60% pie vs. the 40% pie... but that seems to simple....
I WIN. GAME OVER. CHECK MATE. I CONTROL YOUR EVERY MOVE. WATCH WHAT HAPPENS NEXT