I went back and checked the 2013 SEC filings.
http://investor.siriusxm.com/secfili...591&CIK=908937
Could a possible RMT spin entice Mel to come back as CEO? Ya never know. Liberty is always in motion. They have spun multiple times before. Just a guess.......
Last edited by MUSCLE13; 01-16-2015 at 10:04 AM.
Mel aint walking thru them doors ever....FORGETTABOUTIT!!!Originally Posted by MUSCLE13
I would never say never. If there isn't a controlling shareholder of SIRI anymore, anything is possible.
September 12 2012, Right before Mel decided to leave this is what he said to Jessica Reif Cohen -
“My instincts are that Liberty does not need me,” Mel Karmazin said at the Bank of America Merrill Lynch Media, Communications and Entertainment Conference. “I have historically been expensive…That’s OK with Mel.” But he also says that he’s “open to having a conversation” about staying after. For example, if Liberty decides to spin off Sirius XM then “that would be a situation I might be interested in.”
http://deadline.com/2012/09/mel-karm...-media-334446/
My opinion - 50/50 chance Liberty does an RMT spin or it decides to make another offer to buy Sirius in. So that's where my guess about Mel coming back comes from - the possible RMT. Sirius has underperformed the S&P 500 both of the last 2 years under Meyer. I think an RMT is an option in 2015.
Another point to make here. With Meyer's contract running out Oct 31 this year and Sirius underperforming the S&P 500 by 10%+ each of the last 2 years, logic dictates that Meyer is under pressure to get the stock moving this year. I don't think Meyer has made a bad business move at all in his tenure. He has to get the stock price moving though. Will Malone put up with 3 straight years underperforming the market? Seriously doubt that.
Who controls Myers? He is nothing more than a puppet. Between Malone gaining majority and with buybacks....they wanted to suppress the sp. Not Meyers fault.
Agree 100% DM. Malone is in no hurry whatsoever to get the stock price up. Better for Liberty to keep the price supressed as long as possible. Will allow Liberty to pick up the rest of Sirius on sale!!
JS
100% disagree. As Sirius stock price goes, so goes Liberty Media's stock price. Since 90% of Malone's net worth is tied up in his businesses, he would want Sirius stock to go straight up.
if i were thinking of hedging my investment by investing in liberty, do I buy LMCA or LMCK ?
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