I bot 10K shares of Sirius XM and will average down if needed.
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I bot 10K shares of Sirius XM and will average down if needed.
Well shee-it.....$3.92
I think I've seen this movie before.
......sigh... :(
Looks like I'm the only one here without a dog (pun intended) in this hunt at the momentQuote:
Originally Posted by midas360
As a shareholder, I don't appreciate the negative vibe. :)
Quote:
Originally Posted by user34615145
Seems my prediction was spot on, except with the sp breaking DOWN instead of up.! 😡
No problem bdp....apparently it was the buying opportunity Midas was looking for!Quote:
Originally Posted by bdp.
Well now that I am in, I am hoping BDP's prediction was meant for tomorrow, tomorrow. :)
Quote:
Originally Posted by user34615145
LMCK fell off a cliff and put a drag on Siri. And so it goes...
Looking for news but can't find any. Anyone find an possible explanation?
Edit: and now it's back up again. Looks like a big sale hit and hen a bounce back. So very exciting!
Deutsche Bank article is intriguing for buying LMCA. If I read it right it is 10%/yr appreciation for Siri till 2018 plus the 17% current discount to value for LMCA. That's 47% appreciation by 2018 when Liberty gets to 80% ownership and could receive tax free dividends and continue their own buybacks to continue the rise in Liberty share value. What am I missing?
Quote:
Originally Posted by midas360
To bad he waited so long...he could have bought those 10k shares back in sept/oct at 3.15 area...he would have had close to a $9k profit by now. Very least he could have bought a few weeks back at 3.65/6 would have been up close to $4k by now give or take. Oh well...better late than never. :)Quote:
Originally Posted by user34615145
bdp this hit the news feeds about 3:15 today by AP shortly before the cliff originated.Quote:
Originally Posted by bdp.
Liberty Media misses 2Q profit forecasts
http://finance.yahoo.com/news/libert...191552626.html
Weird thing is 3 minutes later AP posted this: Liberty Media posts 2Q profit
Its possible the earlier headline was enough to rattle investors and by the time the AP came out three minutes later with a more positive headline the damage had been done.
That may explain the quick fire sale and then recovery buying.
I thought so too, SiriusTimes. I posted it to muscle in hopes of getting his take. Hopefully he will see your question and the original post. Are you buying here?
Quote:
Originally Posted by midas360
Quote:
Originally Posted by siriustimes
Quote:
Originally Posted by midas360
Wary of Deutsche bank...they have been in the news recently for misrepresentations of varies things. I have not read the article tho.Quote:
Originally Posted by siriustimes
One is the fact that SiriusXM has been repurchasing shares at a larger percentage of its float than we have as of ours, probably creating, if not artificial, more upward pressure on their stock than on our stock
Those were Maffei's words today in the CC when addressing the NAV discount, and may be why Sirius has not announced an extension of the buyback. I think another offer to merge is coming after Live Nations CC.
+1
Quote:
Originally Posted by MadEra
I agree with your thoughts on the buyback and lack of extension so far....but do you really think there's another offering in the mix? If so, they'd better learn from the past and sharpen their pencils. It's gonna take more than a 10% premium to get the attention of a lot of long term shareholders.Quote:
Originally Posted by MadEra
But the more I think about it, the more that kinda makes sense...Liberty had such a lousy quarter and the only thing that saved them was SIRI.
Liberty Media (LMCK) Gregory B. Maffei on Q2 2015 Results - Earnings Call Transcript
http://seekingalpha.com/article/3403...pt?part=single
I've never understood the logic of a premium for LMCA to purchase Sirius. You don't lose your shares you just get different ones of a combined company. Premiums are for those looking to sell out of a company they no longer think will grow or return $ to their shareholders.Quote:
Originally Posted by user34615145
Actually i have to disagree with your definition of premiums especially if you are referring to acquisition premiums.Quote:
Originally Posted by MadEra
if they offered a 10% premium on 4.00 you could prob cash out overnight in the 4.50/60 if not higher just on that news alone. I would gladly sell.Quote:
Originally Posted by user34615145