Beats me.Quote:
Originally Posted by midas360
Muscle what's your day-trade idea on this?
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Beats me.Quote:
Originally Posted by midas360
Muscle what's your day-trade idea on this?
My opinion - Siri and LMCA both move up. But LMCA moves up more to close the high teens %Quote:
Originally Posted by midas360
NAV gap it has, up to the point that the tracking stock comes out first half 2016. The Liberty Sirius tracking stock should then move in lock step with Sirius until they eventually combine all the Sirius shares in a deal. Just my opinion. I think it is good for Sirius and I think it is great for LMCA.
Jim Meyer sch'ed to speak at Liberty Media Investor Meeting. I believe that is happening today, as well. Hopefully he will provide clarity from a SIRI perspective.
Muscle - I was thinking that some SIRI investors wanted to invest in SIRI stand-alone assets and not buy LMCA so that do not have exposure to LMCA assets. So why wouldn't current SIRI holders sell and convert to Liberty Sirius Group all else being equal? Wouldn't you want to own a piece of the 60% pie with the majority shareholder and not the 40% minority pie? Curious your thoughts, because this is pretty big news IMO. Probably paves the way for the RMT or some other type of transaction we haven't been expecting. Or could be the way for long-time LMCA shareholders to cash out of SIRI and not lose their exposure to LMCA's other assets.Quote:
Originally Posted by MUSCLE13
Just looking to think this all out and make some decisions....
Right now there is LMCA. There are no tracking stocks until 2016. This is a way to close the NAV gap. Once LMCA spins off into all the trackers then Liberty Sirius Group should trade in lock step with Siri regardless of % ownership. Its basically tracking Sirius. I love LMCA right now. And I think Sirius eventually combines all the Sirius stock together keeping it a pure play. Percentage ownership means absolutely nothing in this scenario. It's just an unlocking of value to close the NAV. That's why I love LMCA and I didn't sell Sirius to buy it.Quote:
Originally Posted by Steiny
Staying short SIRI @ avg 4.10. LM side of the fence is the play, but you will get a better entry point than today in the near future (2015).
WIT and High yield is breaking down again, a prolonged stay in the mid to high 30's on WTI is very problematic to the credit markets.
Still on the road
I am heading out to get a sandwich. You guys hold down the fort, OK?
It's pretty safe to say that most people understand what goes into a sandwich. Well, like the sandwich, Liberty is made up of a bunch of different ingredients and most of you already know what those ingredients are AND that all of these ingredients go into making a great Sirius XM sandwich. What I feel the detractors are not understanding, is that when you buy a sandwich, it certainly is not a sandwich without the sandwich meat. The sandwich meat is the meaty center which the entire sandwich is built around. It's the most expensive part of the sandwich, and you can actually take away each other ingredient, and it could still be argued that you have yourself a sandwich. In buying Liberty Sirius Group, you are, in essence, buying a Liberty sandwich. And what is the greatest portion of this sandwich? Where's the meat? It's Sirius XM. :) Have a nice day!
Quote:
Originally Posted by user34615145
Ridiculous sandwich comparison comes back. This is a way to close the Net Asset Value discount LMCA has. Plain and simple. It also keeps Sirius a pure play long run in my opinion which keeps us a pure radio growth company. I like it. Gives us a way to buy Sirius cheap with LMCA short term. I think the NAV discount is gone within 3 months which equates to a nice percentage move.Quote:
Originally Posted by midas360
I just popped in to see what's happening and found all this confusing talk about sandwiches. What I think I see between the lines is a strategy to hold the SIRI shares you own now, and in the short term use dry powder to pick up some LMCA. Is that the jist of the sandwich talk?Quote:
Originally Posted by MUSCLE13
The more I think about the more I think the percentages do matter. If I had money to invest and wanted to buy SIRI after the tracking stock split off, why would I buy SIRI stock vs. Liberty Sirius, all else being equal? No way would I want to own a piece of the minority if I had a choice - would rather be on Malone's "team" because we all know Liberty shareholders come first before SIRI shareholders regardless of what they say.Quote:
Originally Posted by MUSCLE13
To me this drives demand to Liberty vs. SIRI. I'm not saying SIRI would tank immediately, I just think SIRI would always trade as a discount to Liberty Sirius all else being equal.
Again, in theory this wouldn't happen until 2016 but I'll be watching SIRI vs. LMCA moving forward a lot more closely. Looks like LMCA is on the path to close the NAV gap as we speak...
Well, user said he was heading out to get a sandwich and the "Sandwich Comparison" came to my head. It was kind of like Deja Vu. Kind of made me hungry so I made myself a fried ham sandwich. Haven't had one of those in a long time but it was good.
Quote:
Originally Posted by siriusly_invested
Moved from SIRI into LMCA just now. The company just told you they intend to unlock value and this should accomplish it.
Muscle13 has it right. There is a free 10 to 15% on the table right now. One should take it.
Can't describe how disappointed I am in your logic. Who has all the cash flow to buy back stock at a $2 billion clip year after year - Siri. Who could turn that into a dividend one day - Siri. The tracking stock is there to track Siri performance - very simple. This was done to unlock the value of LMCA. I would be shocked if Liberty Sirius didn't track in lock step with Siri after it finally hits the market. I would be shocked even with a 2-3% deviation. Whereas I think LMCA closes that 17-18% NAV discount within 3 months time before Liberty Sirius even hits the market.. All the better if Siri moves up too.....Quote:
Originally Posted by Steiny
I was just saying I was hungry and heading out for some lunch. I'm a simple man. There's not much going on upstairs so when I say I'm gonna get a sandwich there is no allegory.Quote:
Originally Posted by siriusly_invested
BTW. I settled on a chicken salad sandwich from Panera
I was right too but I think the sandwich analogy went over some peeps heads and right in their belly.
Quote:
Originally Posted by William_B
I disagree in selling Sirius. I agree in buying LMCAQuote:
Originally Posted by William_B
Agreed, and he should know cause Muscle is our resident day-trader WB....he knows how to work ST markets but needs to develop more patience for a longer term outlook :rolleyes:Quote:
Originally Posted by William_B
Edit: (just kidding muscle, don't have a coronary :rolleyes:...WB...for the record, Muscle eschews ST trading in favor of a LT outlook)
Kept all my SIRI. Bot 1K shares of LMCA a few minutes ago. It's up 20 cents already.Quote:
Originally Posted by MUSCLE13
I guess only time will tell, but buying SIRI at discount right now through LMCA makes the most sense thus driving demand for SIRI shares downward, at least in the short term - only makes logical sense. The long-term, not sure, but we'll see....Quote:
Originally Posted by MUSCLE13
Again, I'm not saying sell SIRI and run, but LMCA seems more attractive right now and that should reflect in the PPS of LMCA going up and SIRI staying stagnant or moving up slower than LMCA for awhile...