Man, with all this holding hands, he-said BS I thought I was the only one left watching this stock...
Man, with all this holding hands, he-said BS I thought I was the only one left watching this stock...
Looking good today Ladies and Gentleman. I hope this continues.
Maybe this is what we have been waiting for from the triangle/pennant pattern that Brandon and Rel have been posting about! The next leg up?
http://www.streetinsider.com/Upgrade...y/4551515.html
Deutsche Bank upgrades Liberty Capital (Nasdaq: LCAPA) from Hold to Buy.
Deutsche analyst says, "On Feb 17th, LCAPA annc'd a deal with Sirius XM Radio (Nasdaq: SIRI) whereby
LCAPA garnered a 40% equity stake and a $30m financing fee in exchange for a $530m cash loan to help SIRI avoid bankruptcy. The equity and fee are today worth $884m, an enhancement of NAV by $9/share. In its Apr 6th financing update release, LCAPA indicated it had repurchased $750m of its cvt bonds for $187.5m, enhancing NAV by $6/share. The Company also importantly noted that "Liberty has not settled all of its swaps that reference its own or third-party debt."...Mgmt has undertaken these two significant transactions in the past 2 months that have added $15 of value to NAV, well more than $8 LCAPA is trading at today before even considering its prior net asset value. Given the 79% upside to our new $15 target price, and the likelihood that favorable mgmt activity will continue, we believe a Buy rating is appropriate."
Yes!!! Right on!