Charles LaRocca
SiriusBuzz Founder
Charles LaRocca
SiriusBuzz Founder
Well, at least I can tell you your situation isn't unique. It may make sense talking to a tax attorney if the amount of gains you would realize from the sale of the stock would make the investment in talking to a tax attorney worth it. Also, if you didn't sell it yet, you still have time.
If you need any additional help from here, just shoot me a PM and we can set up a phone call and my company/myself can help. I completely understand if you don't feel comfortable with this, but I would definitely talk to a tax attorney or tax expert if the economics warrant it.
If streaming music did not exist they would all go back to purchasing their music from iTunes. If iTunes didn't exist they would all go back to the old CDs and so on......Streaming music business is coming out of the download business. It is not radio. 2 very different businesses.
Comcast sub numbers keep increasing quarter after quarter. What you are talking about is the lower margin video business which has had some minor declines and minor increases as well in the last several quarters. Year over year video sub losses are slowing. With X1 it will likely increase this year. But its not the main business anymore. Broadband is and it is exploding with much higher margins than video. One business writer put broadband margins at 90%. Doubt it is that high but it is very high. They have basically made DSL obsolete. 1 to 2 gig speeds will be commonplace in cable by end of 2016. Sub increases have accelerated.
For Video I think Malone and Roberts will eventually do a joint Comcast Charter TV Everywhere alliance. Everything is going On Demand. I think last count Comcast had full season stacking rights for about 550 TV shows and the top 100 current. I do think Malone has a plan to take on Netflix head on with the full cooperation of the cable industry. Used to be called the "Cable Mafia" by Al Gore I believe in the 90s. I also believe Cable will compete vigorously in wireless within 2 years. It already started in Europe.
I am higher on Comcast than even Sirius. They stole NBC Universal in my opinion. Best major content takeover I have ever seen. Just shy of 9 times EBITDA.
Last edited by MUSCLE13; 06-11-2015 at 12:03 AM.
Take care dudes. I don't belong here. I see everybody is trading and timing. I am not a trader. Not my thing. I am a media investor. Have fun guys....
Muscle... don't leave. Some of us are very interested in picking your brain about the broadband and cable industries. I do agree with Charles with respect to Apple buying Sirius XM. 2 completely different cultures. I think the market is just kicking Sirius XM down the road waiting to see what Apple, Google, etc do with music and online streaming.
I think everyone is playing catch up right now whether it's video or music streaming, broadband, wifi, cellular, etc. It's going to be a lot of fun watching them compete. I think the FCC is laying down the landscape for some serious competition.
Last edited by midas360; 06-11-2015 at 11:48 AM.
I am not worried about Muscle leaving. He has already said he is leaving at least three or four times in as many months and every time he comes back. Muscle you don't need to leave. We are all just a bunch of misfits here anyway....you fit in perfectly!
Last edited by dm_4; 06-11-2015 at 09:19 PM.