In the last few weeks the size of the Pandora IPO has increased substantially. It was initially thought that about 17 million Pandora (NYSE:P) shares (including an over allotment) would be offered with a price point between $7 and $9. That would have made the IPO worth between… → Read More
The REAL Story Behind A Sirius XM Stock Buyback and How It Impacts The Liberty Stake
It was such a compelling issue that other websites took it upon themselves to immediately attack my article about the impacts of a Sirius XM Satellite Radio stock Buyback and the Liberty Stake. Some sites went so far as to say that I was misleading and lying to… → Read More
Satellite Radio Websites and Misinformation
If you do not like drama then stop reading now. As much as it pains me to write this, I will be needing to set the record straight on an important issue regarding Sirius XM Satellite Radio, the potential of a share buyback, and the Liberty stake in… → Read More
Pandora Increases IPO Price
Pandora (NYSE:P) announced today that they are raising the target price of their IPO from a range of $7-$9 to $10-$12 per share. It is anticipated that nearly 17 million shares will be sold during the offering. The company hopes to raise over 200 million when they go… → Read More
Sirius XM Legal Issue Summary – New Case Filed
It is oft said that the wheel of justice turn slowly, but lately the opposite seems to hold true for Sirius XM Satellite Radio (NASDAQ:SIRI). The company, now profitable, is involved in a number of suits, one of the latest being the Joel Broida vs. Sirius XM Radio…. → Read More
Sirius XM Stock Buyback of Common Would Increase Liberty Stake
On May 30th, 2010 I published an article on Seeking Alpha titled, “Understanding Sirius XM’s Potential Share Buyback and Liberty Media Stake“. The premise of the article was developed after I attended the annual meeting of shareholders for Sirius XM Satellite Radio (NASDAQ:SIRI) held on May 25th. While… → Read More
Sirius XM to Answer Shenk Complaint by July 15th
It was only a few weeks ago that a new lawsuit against Sirius XM brought on behalf of shareholders came to light. The lawsuit centers on many issues similar in nature to the Blessing matter which Sirius XM reached a proposed settlement on. The big difference here is… → Read More
Liberty Shareholders Approve Spin-Off of LCAPA
The news is now a couple of weeks old, and perhaps overshadowed by Liberty’s interest in Barnes & Noble, but shareholders in Liberty Capital and Liberty Starz have approved a spin-off. Liberty’s stake in Sirius XM currently stands at about 39.596%, down from a 40.15% stake when they… → Read More
Goe Lawsuit Against Sirius XM Board Reassigned
These days it seems like Sirius XM finds themselves involved so many legal matters that they would have enough content to fill a special pop-up channel on their dial. While the Howard Stern case and developments seem to be at center stage, along with the Blessing settlement, there… → Read More
Howard Stern and Sirius XM Agree To Keep Certain Documents Sealed
While Howard Stern and Sirius XM (NASDAQ:SIRI) certainly do not agree on whether or not Stern and his agent, Don Buchwald, are entitled to additional bonuses, they have come to an agreement on the desire to keep certain documents in the case private. I guess you could say… → Read More
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