Cross out bdp and put in my user name as you just described my SIRIUS life story as well. You have company!
Cross out bdp and put in my user name as you just described my SIRIUS life story as well. You have company!
A lot of people here in the same boat. It's a great story! Kudo's to those that bought Sirius XM when it was a penny stock and held and never sold. Congrats!
Edit: I will hand it to Spencer, Demian, Muscle, and BM for giving investors the confidence to hold the stock during the hard times. I think that's where they did their best work!
Last edited by midas360; 07-28-2015 at 02:46 PM.
How much is left on their current buyback? I was expecting them to increase it with the extended and increased LOC.
FYI, I sold my 10 AAPL 121 calls today for $2.95.....a price I could have gotten yesterday a couple of times if I was quicker on the trigger. But it's all good now and I made $500 on a $2440 investment in two days so that's not too shabby. Keep those apple option ideas coming SF!
Good question... this is what was said on CC. Looking for a specific number unless someone else has it?
"We repurchased 144 million shares for $560 million during the second quarter, and this year through yesterday we have repurchased 338 million shares for approximately $1.3 billion. Our growing free cash flow, low leverage and undrawn credit facility allow us to continue investing in growth, while providing flexibility to pursue strategic opportunities and return capital to shareholders,” noted David Frear, Chief Financial Officer, SiriusXM
Kannan Venkateshwar - Barclays Capital, Inc.Thank you. Just a couple from me. So, first on the music royalties. There seems to be a slight increase in your music royalty fees starting June of this month. So, just wanted to understand if the royalty (41:30) settlement is a part of that, and how you are thinking about it from a pass-through perspective?
And secondly, the inevitable balance sheet question. From the buyback side of it, given the increase in revolver, and given the kind of visibility you have going forward for the rest of the year, how should we think about the use of capital given that you still have a lot of room under your guidance? Thanks.
David J. Frear - Chief Financial Officer & Executive Vice PresidentI don't – there won't be any change in our capital return policy. We've been going along at a good clip and we don't anticipate any change in that. On the music royalties, maybe what we can do, Kannan, is take it offline with you. I don't – other than the fact of accounting for the settlement that I don't really see much that's out of line in these results. But why don't we take your first question offline.
Last edited by midas360; 07-28-2015 at 03:51 PM.
Wait....what?!!!! You bot 1500 contracts at $1.01? $151,500 on one trade!? Damn. Go big or go home I guess!
Good luck and I hope you kill it but brother but I'd have a hard time sleeping at night with so much on the line - in any stock.
I know they don't expire till January but is this a long term (months) or short term (days/weeks) trade for you?