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  1. Slip60 is offline
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    Joined: Mar 2014 Posts: 50
    08-26-2015, 04:45 PM #711
    Quote Originally Posted by Sirius_Stagnation View Post
    All that means is another year + with no new highs. When Malone gets to his %, then the stock breaks out to happy land. Play within their plan. Translation, more stagnation. Above and below the pivot/mark, trade it.
    What's the difference? No matter what the share price is when it's bought back, his percentage of the company is getting higher without him paying a cent. Yes he gets there quicker at lower buyback prices, but his % is still increasing no matter what the price is. If the price increases now, his holdings are also worth more.....

  2. dm_4 is offline
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    Joined: Dec 2012 Location: Boston, Ma Posts: 2,863
    08-26-2015, 04:59 PM #712
    Quote Originally Posted by waldo29 View Post
    SIRI will get its pop off of it, until the macro gains composure its still going to be a wild ride north and south.

    DOW and SnP are still red for the week, get to green, hold it then do your dance. 400-600 in either direct are symptoms of the same issue, neither are good technically. Damage has been done and the charts need time to repair.
    isnt that true for all stocks in general?

  3. midas360 is offline
    08-26-2015, 05:15 PM #713
    Sounds like they are just trying to prop the stock price up.

    He's stealing the company from shareholders. Go figure.

    Quote Originally Posted by Sirius_Stagnation View Post
    All that means is another year + with no new highs. When Malone gets to his %, then the stock breaks out to happy land. Play within their plan. Translation, more stagnation. Above and below the pivot/mark, trade it.

  4. waldo29 is offline
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    Joined: Dec 2012 Posts: 197
    08-26-2015, 05:31 PM #714
    Quote Originally Posted by dm_4 View Post
    isnt that true for all stocks in general?
    Bingo

  5. midas360 is offline
    08-26-2015, 05:35 PM #715
    You nailed it. Market doesn't care who's buying back shares.

    Quote Originally Posted by waldo29 View Post
    SIRI will get its pop off of it, until the macro gains composure its still going to be a wild ride north and south.

    DOW and SnP are still red for the week, get to green, hold it then do your dance. 400-600 in either direct are symptoms of the same issue, neither are good technically. Damage has been done and the charts need time to repair.

  6. MadEra is offline
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    Joined: Nov 2014 Posts: 28
    08-26-2015, 05:46 PM #716
    Any word yet on how the BB is being financed?

  7. denco1 is offline
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    Joined: Nov 2012 Location: Shortie's A$$ Posts: 2,056
    08-26-2015, 06:26 PM #717
    Quote Originally Posted by dm_4 View Post
    Gotta love that close Denco..3.76!!

    EDIT: Sorry denco....guess the close was 3.72, up to 3.77 after hours was as high as 3.85...SIRI board announces additional 2b buyback!! BOOM!

    Funny how the "chirpers" go quiet when market it is up 620 pts, siri up 3.5% and siri board announces another 2billion in buybacks!!
    Sweet!...left the office shortly after the closing bell. Nice little treat to go with my late lunch

    Wonder if they came close (no pun intended) to shooting their load with the big down days. Hope they were buying big. I think they had about 600mn left on the previous authorization at the end of Q2. That could all be gone by now....another 2 bn sounds good to me....

  8. Raptor is offline
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    Joined: Apr 2014 Posts: 62
    08-26-2015, 07:30 PM #718
    [QUOTE=MadEra;90704]Any word yet on how the BB is being financed?[/QUOTE
    The Company will fund the repurchases through cash on hand, future cash flow from operations and future borrowings. They seem to have opened the door for Liberty to possibly participate in their statement of extending their BB. (although Liberty has stated publicly half jokingly not till price is 10$ a share) They spent over 7 billion in the last 3 years if you include dividend & Agero purchase. Balance sheet shows only an additional 2.5 B in long term debt. That tells me with the increase in cash flow they can do it pretty quickly either with or without additional debt.

  9. midas360 is offline
    08-26-2015, 07:38 PM #719
    Funny how the SIRI $4.50 and $5.03'ers go real quiet when the market goes into correction mode. Let's pray auto sales don't start declining. DOH!

    Quote Originally Posted by waldo29 View Post
    Bingo

  10. denco1 is offline
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    08-26-2015, 07:40 PM #720
    Additionally, the revolver was increased and has majority if not all available to tap.