Is Malones next move with siri contingent on whether comcast/twc merger gets blocked?
Justice Dept. staff may oppose Comcast-Time Warner Cable deal - Bloomberg
http://finance.yahoo.com/news/antitr...184350291.html
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Is Malones next move with siri contingent on whether comcast/twc merger gets blocked?
Justice Dept. staff may oppose Comcast-Time Warner Cable deal - Bloomberg
http://finance.yahoo.com/news/antitr...184350291.html
SiriusXM Denies Entry to Former Radio Host Anthony Cumia
https://www.google.com/url?sa=t&rct=...91071109,d.b2w
The U.S. Justice Department is weighing whether to block the $45 billion deal, which has the potential to remake the cable industry.
http://cnnmon.ie/1G7IRZy
Liberty Media Corporation Announces First Quarter Earnings Release and Conference Call
http://finance.yahoo.com/news/libert...203000225.html
Martine Rothblatt
http://www.washingtonpost.com/lifest...ab6_story.html
Wall Street Places $4.468 Price Target on Sirius XM Holdings Inc.
http://www.themarketsdaily.com/wall-...daqsiri/10157/
Guess they are not going to pre-release huh?
Did you expect one during the 2 week quiet period with CC next Tuesday??:confused:
Getting ready for a move....hopefully up on CC/earnings
Attachment 1373
I was basing it off of them doing it last quarter which they prob did about a month before, was not aware of the two week quiet period thanks denco.
Time Warner Cable Selloff Unlikely as Malone Stands By
"Backstopping Time Warner Cable’s share price is the expectation that Charter Communications Inc. would buy the company if Comcast doesn’t".
Chaplin estimates Charter now would have to bid at least $160 a share. Comcast’s all-stock offer was worth $158.82 when it was announced in February 2013 and $168.10 on Monday.
“Charter is likely to come in pretty aggressively with another offer, possibly at a premium to Comcast’s original offer,”
http://www.bloomberg.com/news/articl...ds-by-real-m-a
Dom, You the Man!!!!! Go Get em!!!!
Anyone take a look at the last comical rant just posted on his site? It ends with - "If you’d like to help, please consider joining as a member or by making a donation at the bottom of our home page. Thank You."
Quote:
Originally Posted by Slip60
He should have become a legitimate screenwriter. His dialogues, the characters and the stories are just endless. Great stuff. :thumbup: :popcorn:
Don`t hold your breadth Mr. Faulkner
...5$ by next quarter on a beat? thanks faulks i needed a good laugh :p
on a side note...Wolf, RC....where you guys been lately???
AutoNation Speeds Past Q1 Views On Strong Car Sales
http://news.investors.com/business/0...ings-views.htm
Nokia Targeting Apple, Alibaba and Amazon in Maps-Unit Sale
Baidu Inc., Sirius XM Holdings Inc. and Harman International Industries Inc. also were approached about their interest, said the people. First-round bids for the unit are due at the end of next week, one person said.
http://www.bloomberg.com/news/articl...ale?cmpid=yhoo
The FCC recommended that the proposed Comcast (NASDAQ:CMCSA)/Time Warner Cable (NYSE:TWC) merger undergo a hearing, seen by some as a "deal-killer." A hearing would put the merger in the hands of an administrative law judge, a strong sign the FCC doesn't see the merger to be in the public interest.
http://www.wsj.com/articles/fcc-staf...ger-1429751499
Discover Your Favorite Artists Plus Get Exclusive Performances and Interviews on SiriusXM's New Mobile App
http://finance.yahoo.com/news/discov...143700180.html
Subscribe to Sirius XM Radio? You might be owed money
TRENTON — Consumers in New Jersey who subscribe to Sirius XM Radio may be entitled to money under a settlement reached in December, but all complaints must be filed within the next two weeks, state authorities said Thursday...
http://www.nj.com/news/index.ssf/201..._owed_mon.html
Maxim Group upped their price target on shares of Liberty Media Corp (NASDAQ:LMCA) from $54.00 to $57.00
http://www.wkrb13.com/markets/562891...to-57-00-lmca/
By Maxim Group
April 23, 2015
Howard Stern’s contract expires at the end of this year.
Primary risk is the Stern contract. We estimate that his show costs about $100 million a year, a substantial part of the $300 million total annual content cost (pre-music royalties) for 150 channels. It is unclear how critical Stern is to Sirius XM Holdings’ (ticker: SIRI ) subscriber base 10 years into him initially driving the business.
Valuation appears attractive at 12 times 2016 estimated free cash flow per share. Our $5.00 price target is based on a 15 times multiple applied to our 33 cents free-cash-flow-per-share 2016 estimate.
We estimate first-quarter revenue of $1.13 billion (up 13.3% year-over-year) and adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) of $405 million (up 21.0% year-over-year). We have lowered our first-quarter estimated Ebitda by $22 million but maintained our full-year estimates for revenue of $4.6 billion (up 10.3% year-over-year), adjusted Ebitda of $1.7 billion (up 13.1% year-over-year), and free cash flow of $1.5 billion (up 15.4% year-over-year). Sirius’s management guidance, which has historically proven conservative, anticipates revenue of $4.4 billion, Ebitda of $1.6 billion and free cash flow of $1.25 billion in 2015. Our free-cash-flow-per-share 2015 estimate assumes a 40.2% increase to 28 cents, assuming a buyback of $2.5 billion and a further 17.5% to 33 cents in 2016.
Car sales remain strong in the first quarter. Seasonally adjusted annual rate (SAAR) of 17.1 million in March is higher than our prior estimate of 16.4 million. We are forecasting net self-paid subscriber additions of 317,900 in the first quarter and further to 1.48 million in fiscal 2015, compared with conservative guidance of 1.2 million.
Sirius is continuing to grow its original equipment manufacturer (OEM) business and entered partnerships with Subaru, Jaguar Land Rover, and Nissan to provide connected vehicle services. There are about 70 million satellite-enabled vehicles in the U.S. currently, which should increase to about 100 million by 2017 and about 140 million-150 million by 2022. The doubling of this addressable market suggests sustainable long-term growth potential. Sirius has penetrated about 15,000 used-car franchise dealers out of about 18,000, and management is pursuing independent dealers.
Sirius spent $2.5 billion on repurchasing shares during 2014, and there is $1.7 billion remaining under the stock repurchase program. We anticipate Liberty Media ( LMCA ), which owns about 58% of Sirius, to continue to increase its percentage by not tendering. We anticipate Sirius converting about 84% of its adjusted Ebitda into free cash flow in 2015 and maintain its gross debt leverage at 4 times. We estimate that Sirius will spend $2.5 billion on stock buybacks at an average price of $4.00 per share, leaving outstanding shares of about 5.074 billion (about an 11%-12% shrink in equity base) by the end of 2015.
Internet music services, such as Pandora Media ( P), Spotify and Apple ( AAPL ), continue to grow. Sirius, which has been competing with the iPod for about 14 years, continues to offer “near” exclusive content, such as NFL, Howard Stern, MLB, NBA Playoffs, and Women’s World Cup matches this summer