Anyone buying LMCA at these levels? I traded it earlier in the year and made a fews bucks. Down 26% is soooo tempting...
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Anyone buying LMCA at these levels? I traded it earlier in the year and made a fews bucks. Down 26% is soooo tempting...
It's down 26% because of the spinoff, not performance. A shuffling of the deck/in one pocket out the other/no change in value but more clarity....in time...EDIT- which could push it higher...I hope as I am long.
It is hard to believe that not even one post for weeks. I'd expect to see something saying "siri short interest at 123%, something seems wrong" and then BM responding that "arca blocked the info from us and I had to run it all manually, was up half the night, but it's fixed now" He might add "I will take the last 2% off the table if no one is smart enough to grab it by Friday".Quote:
Originally Posted by SlapShot27
I could not believe how he effortlessly was able to hoodwink his followers into handing him over $100k! Brandon Matthews succeeded in creating his own personal Jonestown. Next on the agenda: Get them to drink the Kool Aid.Quote:
Originally Posted by midas360
entangled between the 50 & 100 day on the daily and weekly charts. If it weren't for the 3.38/39 gap which is the 200 day I'd load up here.
gonna hold with the shares I have and the buys I have in @ 3.39 (which I hope we never see)..... although there was one quick spike down on Halloween at 14:25pm that could be considered as possibly filling the gap.
Agreed. I have had GTC buys in at 3.38 & 3.39 since last week.Quote:
Originally Posted by Wolf Child
If BM did buy himself a house with "corporate" funds, couldn't investors sue him for misappropriation of funds? I know if it was my money that BM had "allegedly misused" I would want to take action to minimize the opportunities of BM doing it to someone else in the future.Quote:
Originally Posted by midas360
Still waiting on institutional ownership percentage but by my estimation SIRI retail only owns about 15% of SIRI, worth about 2.8 billion right now.
Still over 2 billion left authorized to buy back.
Consider the short position is about 800 million and if covered and institutions held, would have to come from retail...
Can probably see where I am going here. Current authorization is enough to repurchase all remaining retail shares.
Since retail will not all sell... 2015 should see significantly decreased volume in trading. It becomes very very risky to be unhedged and short.
This has all played out MUCH faster than I figured. I expected LMCA to sell more back into the buyback (and they may still do it but ... not expecting it). I was looking for this time in 2017, not 2015.
Pretty bullish for 2015 the more I think about this. Not looking for the stock to shoot the moon or anything but I wouldn't be surprised to see a significant move towards $5 quickly at some point. It's still my "sell" target for Jan but I wouldn't be interested in selling it there.
LMCA has been masterful with this :)
Quote:
Originally Posted by midas360
Totally disagree with Swinburne's Sirius valuation. They are growing EBITDA and FCF per share at 20%+ clips annually. At 20 time both metrics, which is logically warranted, you get about $5 by year end 2015 and $6 by year end 2016.
i'll be thrilled when it hits $4 again.Quote:
Originally Posted by MUSCLE13
Ah I see the same stories are abound about fraud and deception with a known scam artist....that's too bad.......
try reading some unbiased reporting at a website I know and trust - Trendy Stock Charts
http://www.trendystockcharts.com/tre...10312014-gpro/
memberships are very inexpensive!
hey midas....will do...i've been busy with a few things lately but look for me soon!Quote:
Originally Posted by midas360
U.S. stock exchanges are open for trading on Tuesday, November 11
However, bond markets, Federal Reserve Banks, and many of the nation’s banking institutions will be closed in observance of Veterans Day.
Sirius XM cannot force vehicle owners to arbitrate- U.S. court
http://finance.yahoo.com/news/sirius...185136118.html
Also Presidents remarks today on Net Nuetrality caused cable stock to tumble....could have impact on comcast/twc merger.
http://finance.yahoo.com/news/obama-...154738302.html
And LMCA owners question why some SIRI owners were not keen on rolling SIRI into LMCA with the broadband stuff in there.
If SIRI owners wanted LMCA I'd argue they would simply buy LMCA way back when...
Now that LBRDA has been taken out LMCA looks far more attractive.
To all the brave Men and Women who have honorably served this great country.....I say thank you for your service. Happy Veterans Day!
http://youtu.be/z77qYtiC8oI
Watching the sp trying to break through that 3.50 wall is torture!
Double top breaks on both High/Low and closing charts.....hope it's not another head fake. I guess if we continue the slow grind and shoot for $3.57 2moro it wasn't.
EDIT: I agree BDP....what a pain in the ass day but the close was nice.:)
When you guys watch it all day and hope it breaks through $X.XX price are you looking to sell it / trade it or something or just looking for it to be higher so the value in the account prints higher?
If you are not looking to sell I'd think lower pricing would be better and the longer it drags the less torturous it is since SIRI is currently buying back? The more they can retire for shares then eventually the better the price for the long term holder.
The worst thing for someone who wishes to be an investor in SIRI is for the share price to go up during the buyback period.
Personally, I am torn between 2 desires based on my long shares and quick flip shares. The majority of my shares (about 80%) are long. The rest I like to see appreciate quickly especially when many times I have margin shares that need to be unloaded. Ultimately, I agree, the buy back is great for our long positions. Though, we are approaching a year of significant pain and even my long shares want to see some gains that will hold for more than a week or 2.
Yes, many strides have been made with the buy back and as you stated in a post a few days back, probably sooner than most of us thought. Fudge man, the reet is down to about 800 mn shares and decreasing daily.......that is pretty fast progress. But, this has been a long year and much contrived uncertainty has made for lots of frustration. We are clearing up many of the uncertainties with the LMCA spin, continued positive results and shortly the removal of the last of the toxic debt. The time for a shift out of buy backs and into merging may/should be in the not too distant future....I hope. Merging with a much more pure LMCA will align focus and direction while significantly reducing the massive float through the reverse split - like benefits of the merge.....without the negative connotations/perceptions of a reverse split.
EDIT: Thus eliminating the need for buy backs for the sake of reducing an obscene float EDIT - and increasing LMCA stake - ....refocusing capital for acquisitions/technology/growth etc...