Pandora Goes 'Unlimited,' And What It Means For Investors [View article]
Rocco....
I can see where you are coming from. The company is still putting up losses, but they are on the right path. I feel Pandora has a ton of potential, and can do advertising like very few others can.
Clear Channels big moves will be interesting to watch. I think Pandora can respond, but they do not have the "marketing machine" that Clear Channel has with their terrestrial radio push.
As I have said, Pandora will get to profits, and will be around for quite some time
Edmunds Trims 2011 Auto Forecast: How It Impacts Sirius XM [View article]
I have been the "champion" of the 1 million cars sold per month mantra for quite some time as it relates to Sirius XM. That level allows Sirius XM to report "decent" numbers across the board, albeit not enough to demonstrate "amazing" growth.
I also pointed out the benefits with lower sales regarding SAC:
"Simply stated, Sirius XM's subscriber numbers are safe, and they may now even be able to beat their cash flow and EBITDA numbers on the heels of fewer subsidies paid out to put satellite radio's into vehicles."
Liberty Split-Off Has Sirius Implications [View article]
It is a very interesting and compelling situation. What makes it more interesting is that it is hard to tell exactly what Liberty will do, and thus difficult to form the best investment strategy surrounding this issue.
Liberty Split-Off Has Sirius Implications [View article]
Liberty has not made any cash money as yet other than the interest they are getting on the Sirius XM debt they hold. Their gains are on paper at this point.
The situation I believe will happen is a Reverse Morris Trust where Liberty gains control of Sirius XM then does an RMT to get their cash out of it tax free.
A Deeper Look At Sirius XM's Price Increase [View article]
I think that the subscribers will not be overwhelmed by the increase. It seems to hit a sweet spot that people will absorb without complaint if they like the service.
The NOL's will not be impacted by a change in control because enough time will have passed.
I have seen people look at the value this way, but I am not a fan of it. This is a FCF and EBITDA story more than a value per subscriber story. I do have concerns about the pace at which the company is adding self paying subscribers
GM Inks Deal With UAW; Will Ford Be Next? [View article]
A supplier will not slow the process. The supplier may have union employees, but the businesses need to produce, operate, and fulfil their contractual obligations. If the union employees are not capable of doing that because they woke up and took a "slow pill" they will find themselves looking for work themselves The hands of the union members from these suppliers are more tied than the UAW.
A Deeper Look At Sirius XM's Price Increase [View article]
Kevin,
The Liberty members of the board can not vote. The latest two appointees can as they were deemed independent event though Malone filled the slots.
A buyout or a change in control is a distinct possibility that investors need to consider. I do not see Ergen in the picture because he would have to go through Malone. This leaves Liberty.
A total buyout is not needed. Malone needs to simply get to a controlling situation. Time will tell
Liberty Or Sirius XM...Which Is The Better Play? [View article]
The discount to NAV is one issue many people have and is a good point. However, there is also the benefit of diversification that offers certain protections as well.
Liberty Or Sirius XM...Which Is The Better Play? [View article]
Crunching.....
If you pull up the one year charts on SIRI and LCAPA you can see that they follow a similar path with LCAPA being at a bit of a discount. The Braves are not a cash cow, but they are not bleeding either. The "risk" associated with the Braves is minimal in my opinion.
The thought behind this piece was more along the lines of how a Sirius XM investor can insulate themselves from the impact of the unknown as it relates to what Liberty will do.
Liberty Or Sirius XM...Which Is The Better Play? [View article]
The six companies are the ones which Liberty holds major positions. In all there are 21 companies within LCAPA. You should do a bit more research and gather a better understanding of some of these businesses prior to passing judgement.
LCAPA is not a trap stock. It is a viable method have a diverse play in several companies through a single investment. A year ago LCAPA was a $52 stock. Now it is a $72 stock. On a percentage basis SIRI and LCAPA have traded similar patterns.
The fate of Sirius with Liberty is not a 10 year plan. Liberty holds the cards. The sooner investors understand that dynamic, the better off they will be. Liberty has had a stake in Sirius XM for 3 years without much of a shift at all, yet you seem to think they will shift SIRI 15 times. History is not on your side.
When Liberty makes their move, and they will, do you want to be on the right side of that equation or the wrong side? Perhaps you want to have some insurance and do not want to bet on Liberty's intentions. The way to do that is to have a piece of both Liberty and SIRI.
Would you say that SIRI is a "10% better play" in the situation where Liberty decides to cash out, sending SIRI shares tumbling while LCAPA sees the cash from the stock sale?
These are the dynamics that investors need to consider. SIRI is not a stand alone company right now. The fate of SIRI literally rests in the hands of Liberty at this point because Liberty has all of the cards.
Spotlight On Ford As UAW Scores Deals With GM, Chrysler [View article]
Pandora Goes 'Unlimited,' And What It Means For Investors [View article]
I can see where you are coming from. The company is still putting up losses, but they are on the right path. I feel Pandora has a ton of potential, and can do advertising like very few others can.
Clear Channels big moves will be interesting to watch. I think Pandora can respond, but they do not have the "marketing machine" that Clear Channel has with their terrestrial radio push.
As I have said, Pandora will get to profits, and will be around for quite some time
Pandora Goes 'Unlimited,' And What It Means For Investors [View article]
Clear channel has their hands in terrestrial, Internet, and satellite radio. They will be around and a force for quite some time
Edmunds Trims 2011 Auto Forecast: How It Impacts Sirius XM [View article]
I also pointed out the benefits with lower sales regarding SAC:
"Simply stated, Sirius XM's subscriber numbers are safe, and they may now even be able to beat their cash flow and EBITDA numbers on the heels of fewer subsidies paid out to put satellite radio's into vehicles."
Liberty Split-Off Has Sirius Implications [View article]
Liberty Split-Off Has Sirius Implications [View article]
Thank you for the great explanation. I couldn't have said it better
Liberty Split-Off Has Sirius Implications [View article]
The situation I believe will happen is a Reverse Morris Trust where Liberty gains control of Sirius XM then does an RMT to get their cash out of it tax free.
Liberty Split-Off Has Sirius Implications [View article]
A Deeper Look At Sirius XM's Price Increase [View article]
The NOL's will not be impacted by a change in control because enough time will have passed.
I have seen people look at the value this way, but I am not a fan of it. This is a FCF and EBITDA story more than a value per subscriber story. I do have concerns about the pace at which the company is adding self paying subscribers
A Deeper Look At Sirius XM's Price Increase [View article]
There are very few lifetime subscribers...not enough to be material
GM Inks Deal With UAW; Will Ford Be Next? [View article]
A Deeper Look At Sirius XM's Price Increase [View article]
The Liberty members of the board can not vote. The latest two appointees can as they were deemed independent event though Malone filled the slots.
A buyout or a change in control is a distinct possibility that investors need to consider. I do not see Ergen in the picture because he would have to go through Malone. This leaves Liberty.
A total buyout is not needed. Malone needs to simply get to a controlling situation. Time will tell
Liberty Or Sirius XM...Which Is The Better Play? [View article]
Liberty Or Sirius XM...Which Is The Better Play? [View article]
If you pull up the one year charts on SIRI and LCAPA you can see that they follow a similar path with LCAPA being at a bit of a discount. The Braves are not a cash cow, but they are not bleeding either. The "risk" associated with the Braves is minimal in my opinion.
The thought behind this piece was more along the lines of how a Sirius XM investor can insulate themselves from the impact of the unknown as it relates to what Liberty will do.
Liberty Or Sirius XM...Which Is The Better Play? [View article]
LCAPA is not a trap stock. It is a viable method have a diverse play in several companies through a single investment. A year ago LCAPA was a $52 stock. Now it is a $72 stock. On a percentage basis SIRI and LCAPA have traded similar patterns.
The fate of Sirius with Liberty is not a 10 year plan. Liberty holds the cards. The sooner investors understand that dynamic, the better off they will be. Liberty has had a stake in Sirius XM for 3 years without much of a shift at all, yet you seem to think they will shift SIRI 15 times. History is not on your side.
When Liberty makes their move, and they will, do you want to be on the right side of that equation or the wrong side? Perhaps you want to have some insurance and do not want to bet on Liberty's intentions. The way to do that is to have a piece of both Liberty and SIRI.
Would you say that SIRI is a "10% better play" in the situation where Liberty decides to cash out, sending SIRI shares tumbling while LCAPA sees the cash from the stock sale?
These are the dynamics that investors need to consider. SIRI is not a stand alone company right now. The fate of SIRI literally rests in the hands of Liberty at this point because Liberty has all of the cards.