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Spencer Osborne  

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  • Liberty Media Short On Time Warner - What That Means In Sirius XM Deal [View article]
    Vic....

    "but are they in the best interests of the minority shareholders? most of us think not."

    From my talks with analysts, institutions, hedge funds, etc., I think that most minority shareholders think that a deal will happen. The vocal minority, such as yourself, is a very, very small part of the equation. This issue is, in my opinion, likely to work toward a deal.
    Feb 14, 2014. 04:12 PM | 2 Likes Like |Link to Comment
  • Liberty Media Short On Time Warner - What That Means In Sirius XM Deal [View article]
    Jack....

    Retail holds 1.2 billion shares. Institutions hold 1.6 billion shares.

    Cooperman was vocal at the start, and silent since.
    Feb 14, 2014. 03:07 PM | 1 Like Like |Link to Comment
  • Liberty Media Short On Time Warner - What That Means In Sirius XM Deal [View article]
    Jack...

    The compelling reason is that Liberty can create massive long term shareholder value. The problem is that there are a few that can't seem to see it. The problem that those few have is that most institutions do see it.
    Feb 14, 2014. 02:37 PM | 1 Like Like |Link to Comment
  • Liberty Media Short On Time Warner - What That Means In Sirius XM Deal [View article]
    tiger....

    Nothging has really changed. I look at the EV/EBITDA multiple. That multiple sits with comfort at about 19 or 20. It can pop to 23 or so, and it can dip to 17 or so. Most of the time it is at about 20. Everything is still exactly the same.

    In other words, Sirius XM could pop to as high as $4.50, but it will not live there unless 2015 guidance supports that pop on a fundamental basis. That does not mean that a stock swap deal should be based on future value. Far from it. If you want to play the future value card and analysts estimates card, you should apply that logic to LMCA. It had a high price target of $220 without this deal, and that target would only be higher with it.

    What is better and makes more money? Going from $130 to about $230 or going from $3.50 to $4.50?
    Feb 14, 2014. 01:31 PM | Likes Like |Link to Comment
  • Liberty Media Short On Time Warner - What That Means In Sirius XM Deal [View article]
    Austin....

    Because Netflix and SIRI differ on the phases of their maturity.
    Feb 14, 2014. 01:25 PM | Likes Like |Link to Comment
  • Liberty Media Short On Time Warner - What That Means In Sirius XM Deal [View article]
    Doctor....

    You need to assess this for what it is, and not a set price. How much of the new C series shares will you own.
    Feb 14, 2014. 01:24 PM | Likes Like |Link to Comment
  • Liberty Media Short On Time Warner - What That Means In Sirius XM Deal [View article]
    Seattle....

    There are many that assumed the deal was because of Time Warner. It was not. Malone will still want to get this deal done for tax reasons and to have the ability to leverage the free cash flow.
    Feb 14, 2014. 01:22 PM | 3 Likes Like |Link to Comment
  • Liberty Media Short On Time Warner - What That Means In Sirius XM Deal [View article]
    tiger....

    Look at the valuation. The equity is trading at 21x FCF. The EV/EBITDA multiple is appropriate as well and not outside typical ranges.
    Feb 14, 2014. 09:00 AM | Likes Like |Link to Comment
  • Arena's Belviq Sees Traction Slip Ahead Of Advertising [View article]
    mojo....

    All of the opinions are here
    Feb 11, 2014. 06:18 PM | Likes Like |Link to Comment
  • Arena Reaches Critical Point On Insurance Coverage [View article]
    Thank you for the comment. A few points

    As I expressed, the insurance coverage issue is difficult at best to gain insight on. There in a BCBS for each state, and then several plans within that. I wish it were easy to track, but it is not. Coverage at 50% is simply a statement of reaching a milestone. I did not think it necessary to qualify it to 5 decimal places. The next milestone is 60%, then 70, then 80, etc. if one tenth of one percent wants to know it is 53 .854678% then they can do the legwork to get there. Tomorrow one person msy leave a policy though, and the percentage would change again. Am I being overly dramatic? Yes, but then again so are those that want to get to that degree. Not all of my arena coverage is published here.

    The article did not go into the eating habits at all. Comments did discuss thst.

    We all know that the milestone was reached. Many do not understand what it means. My apologies for attempting to make that clear for people.
    Feb 11, 2014. 11:48 AM | 2 Likes Like |Link to Comment
  • Arena Reaches Critical Point On Insurance Coverage [View article]
    octo....

    It is quite simple. An employer offered insurance and the employee did not have to "contribute". This was a benefit. If you were making $100k a year, you were essentially making a package of $120k (excluding cars, expense accounts, etc).

    The shift then went to employees footing some of the bill. First it was small, as premiums rose. Then it was a quarter, then it was half. Your total compensation was going down, while your expenses were going up.

    Feb 10, 2014. 09:29 PM | 2 Likes Like |Link to Comment
  • Arena Reaches Critical Point On Insurance Coverage [View article]
    Brian...

    Again....Thank You.

    I have seen and studied this issue in my own life. I can see how maybe only a handful of states could really pull this off like Massachusetts did. Even then, the transition REMAINS financially painful 6 years later.
    Feb 10, 2014. 06:52 PM | Likes Like |Link to Comment
  • Arena Reaches Critical Point On Insurance Coverage [View article]
    Brian....

    Thank you. I have spoken to the dynamic that obesity and depression are very intertwined. I am glad that you have pointed that out. The point is that there is a process that needs to be considered, and a doctor has a few options at their disposal...which is good.
    Feb 10, 2014. 06:49 PM | 1 Like Like |Link to Comment
  • Arena's Belviq Sees Modest Weekly Growth [View article]
    yossi....

    The assessment of what works and how it is used is up to a doctor. I have spoken to some that use it without cycling. I have spoken to some that low dose works for. I have spoken to some that have no success.

    Bottom line is that if someone tries belviq and it works, why add phen? If they try Belviq and is does not work, why not try phen alone before trying BelPhen? Phen alone costs a lot less (think like a consumer). If phen alone does not work, then perhaps BELPHEn is worth a shot...but thenm again, so might Qsymia or Contrave.
    Feb 10, 2014. 05:54 PM | 1 Like Like |Link to Comment
  • Arena Reaches Critical Point On Insurance Coverage [View article]
    Siv...

    I saw first hand what transpired, and what many will learn in the years ahead.

    Coverage went down and premiums went up.

    Tax deductible is a bit of a misnomer because you do not get all of the money back

    In the old system you got about $20k worth of benefit tax free. Now you have to buy that coverage after taxes, but get to deduct it to an extent. It serves to bring down your adjusted gross income, but the tax benefit does not equate to the same $20k. Essentially we all got poorer without most really knowing why.

    I would love to buy a cheaper plan....however, with two little ones I do not have that luxury right now.
    Feb 10, 2014. 04:41 PM | 2 Likes Like |Link to Comment
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