picked some up today....3.53
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picked some up today....3.53
say it ain't so Leon
http://www.theflyonthewall.com/perma...hp?symbol=SIRI
Hello.....is this not a first?...or at least I don't recall him at their annual investor meetings.
http://finance.yahoo.com/news/jim-me...180000066.html
Jim Meyer to Present at Liberty Media's 2014 Investor Meeting
Why is that significant, Wolf? Did they have a big stake. I could not even find them on the institutional NasdaQ list on the first 5 pages.
EDIT: Just heard on CNBC....Leon Cooperman's Omega.....yeah seems to be a big holder.
He is on the first page....second largest institutional shareholder:eek:
I haven't looked to see the amount. Hopefully it was nominal but any reduction from Omega sucks because they were always one of our highly visible investors. Leon was our Icahn, Peltz etc
Being announced on CNBC and a drop in our SP as I'm typing..... f@ck
Seems that not only us reets are getting tired of waiting for SXM to perform.
Edit: Fortunately, I don't believe this filing will change F.U.'s current plan
Meyer spoke last year as well.
Cooperman had also decreased his stake as of 6/30/14 by 4 mn shares. Did that make headlines last reporting period?
EDIT: Thanks DM....guess he didn't say anything good last year as the stock has taken a year long dump since.
EDIT2: Anyone get to hear how many shares Cooperman unloaded this period??
Back in June OMEGA owned about 82 million shares and sold about 4 million from what i can gather. Hopefully just another small sell this time.
Looks like he sold 25mn shares down to 57 mn held......still his 3rd largest holding.
http://www.sec.gov/Archives/edgar/da...fInfoTable.xml
http://www.sec.gov/Archives/edgar/da...1991-index.htm
LMCA 200 day turned up today. Should stay up.
SIRI's turns up / flatlines next week. Can drag here a month or so before turning up hard if 3.50 is maintained.
Did anyone raise cash at $3.16 to wait for $2.70 ?
so he sold about 30%.....little larger than i like but hey at least he didnt sell it all. Maybe his fund is booking some end of year profits.
Who gives a %!^! when he sells? Did anyone care when he bought? :) noooooooooo.....
Stop watching the stock all day. Watched pot! Thing will never boil... ! Out of the kitchen!
Nah i didnt listen to Midass on that. Hey SF i was re-reading you convertible bond article from a few years back. I know you hinted a few weeks ago about possibly writing a article. Any chance you have any interest on sort of a follow up article to that one from a few years ago seeing where just about at that point now where converts just around the corner. Just kinda interested if your views still mirror those from a few years ago or if they have changed at all. Thanks man.Quote:
Originally Posted by Faulkner_SA
I'll be writing a couple things this weekend if I can. It's time :P Can you link the article you are referring to?
http://seekingalpha.com/article/5869...l-be-exchangedQuote:
Originally Posted by Faulkner_SA
It's going to be a great day when those convertible bonds are finally gone from the books, regardless of stock price action up or down. This is last piece of "toxic" financing from the merger and it's going to be a "milestone" day for SIRI shareholders.Quote:
Originally Posted by dm_4
Probably best I don't dig into that one as it'll steer things in wrong directions. Obviously things played out a bit differently, and I'm of the opinion they were retained in order to provide a hedge first for UBS (I am assuming UBS still holds many of them) to fill LMCA's orders to go to control, and now for UBS to run the buyback, perhaps in conjunction with 1 or more others.
It gives an EXTREME amount of price control to have an ability to risklessly short hundreds of millions of shares at a moment's notice, and since they are not insiders, they can buy and sell all day without issue... lets them buy bid, sell ask all day. Let the ask build and build and build then BAM, gobble the ask shares here and there. So long as volume is low and interest is low... time allows them to fill buckets with shares and even make a few bucks while doing it.
This may very well be the thorn in our side that will keep the sp from moving up for a while.
http://reut.rs/1xZf5kX
crazy shit....good find bdp, thanks.
Institutional holdings tick back up to 27.70%
Interesting that NASDAQ has both Leon Cooperman and Omega Advisors(new) as holders and both on page 1.
Mistake by NAS or 2 different positions. If you click on them they have different addresses in different states.
http://www.nasdaq.com/symbol/siri/in...ional-holdings
http://www.nasdaq.com/quotes/institu...n-leon-g-16706
http://www.nasdaq.com/quotes/institu...ors-inc-200183
Omega seems to be a new portfolio EDIT: LISTING as all the positions show to be "new" and there are no sold out, increased or decreased positions....EDIT: or a change in official Name/Address. Maybe the Cooperman Leon G position will be removed?
Dunno but I need that number to write what I was looking to write (the institutional percentage).
Not really interested in writing if it's going to be picked apart so I'll probably skip writing anything. :)