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Stephen Faulkner

 
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  • After Losing Lawsuit On Royalties, Sirius 'Not Happy' With The Turtles [View article]
    The payments will be small or nonexistant for back dated stuff, and will take years to go through. This will be a lot of time and money spent by both sides for a bunch of lawyers to make money and that's about it.
    Oct 20 03:53 PM | 5 Likes Like |Link to Comment
  • After Losing Lawsuit On Royalties, Sirius 'Not Happy' With The Turtles [View article]
    Sure but it's pennies and doesn't change the monthly sub rate. For those that may be sensitive to what might amount to pennies a month, there is and always will be over the air free radio available.
    Oct 20 03:51 PM | 7 Likes Like |Link to Comment
  • After Losing Lawsuit On Royalties, Sirius 'Not Happy' With The Turtles [View article]
    SIRI passes content costs on within the MRF (a royalty fee charged separately), and addition of pre 1972 royalties (Which the company has said they feel should be paid anyways) would pass through in the fee.

    It's unlikely to have any significant impact in what would amount to pennies a month. Problematic for Pandora, though, as they will simply pay more and don't have revenue to offset it... they're forced to raise advertising rates or number of advertisements. Neither would be attractive.
    Oct 20 12:04 PM | 14 Likes Like |Link to Comment
  • Sirius Suffers Another Legal Setback [View article]
    SXM you make me nervous. Please... please... be careful with anything out of the money. It's so expensive to buy that stuff (yes even here) because you have to realize so much appreciation just to break even and then need to realize so much appreciation just to reach gains equal to if you had bought at the money strikes or something deeper in the money with little or no time premium attached.


    Let's say you added $3.50's at 10 cents... those have to hit $3.60 to break even. With the stock at about 3.16 you could pick up $3's at 30 cents and need only $3.30 to break even.

    3.50's double at $3.70

    3's double at $3.60

    Need about $3.75? or so for them to reach parity on gains.

    Even better is a spread, 3.00 3.50

    Double then at $3.40, break even $3.20, and that is in 3 months.

    Please be careful... obviously given my own positions I wish you the moon with the 3.50's but if this drags sideways another 3 months they are gone.
    Oct 18 10:55 PM | Likes Like |Link to Comment
  • Sirius XM: Expect Significant Short Increase At Next Release [View article]
    To be honest that article (highest shorted stock one) seems to be cut and pasted every couple weeks / each month or so. They're just talking about short ### of shares and it's really a useless article.

    The idea behind this was that the ASR would cause another short increase but it didn't. Was just a speculation and not really material in nature.

    What is more important to take away is the fact that SIRI will soon be rid of any near term debt coming due. After December there is no debt due for 6 straight years.
    Oct 16 12:13 AM | Likes Like |Link to Comment
  • The Kool-Aid Is Evaporating For Sirius And Pandora [View article]
    Not really... LMCA is more SIRI until or unless an agreement is reached, than SIRI is LMCA.
    Oct 15 02:19 AM | 3 Likes Like |Link to Comment
  • The Kool-Aid Is Evaporating For Sirius And Pandora [View article]
    It'll have some other stuff in it still. But it will be ... more pure. Allows room for more negotiation really... little bit better premium (since you are closer to a 1:1 exchange).
    Oct 14 04:04 PM | Likes Like |Link to Comment
  • The Kool-Aid Is Evaporating For Sirius And Pandora [View article]
    Keep in mind LMCA is buying back LMCA during this period as well. How wonderful is it to have 1 ticker that moves the other with both under majority ownership and both under independent buybacks?
    Oct 13 11:42 PM | 2 Likes Like |Link to Comment
  • The Kool-Aid Is Evaporating For Sirius And Pandora [View article]
    Plenty of people share that sentiment Dr. Who. You'll be in good company :) (I'd make a Tardis reference but I am sure you are tired of hearing them ;) )
    Oct 13 06:46 PM | 1 Like Like |Link to Comment
  • The Kool-Aid Is Evaporating For Sirius And Pandora [View article]
    Not sure I see any reason for this to turn into a bear market. Correction is technically done as of Friday. Anything lower kinda falls into bear territory.
    Oct 12 02:03 PM | Likes Like |Link to Comment
  • The Kool-Aid Is Evaporating For Sirius And Pandora [View article]
    Oh no I thought it was rising because of Pandora... =/ lol
    Oct 11 09:14 PM | 3 Likes Like |Link to Comment
  • The Kool-Aid Is Evaporating For Sirius And Pandora [View article]
    Where are you getting this $2.70 number?
    Oct 11 09:12 PM | Likes Like |Link to Comment
  • The Kool-Aid Is Evaporating For Sirius And Pandora [View article]
    Not sure why you think Pandora buyout rumors drive SIRI upside... That's odd logic and kinda seems like trying to find a reason for a move and ending up picking the wrong straw.

    If you bought Dec 18th puts at $3, considering your disclosed positions the only Dec 18th puts traded between when you said you did not own them in your disclosures and when you said you did own them are 9 contracts on Jul 28th for 7 cents each. That's not a high conviction bet? About 75 bucks with fees... puts cost basis at about 8.5 cents each?

    Why not just sell them here at 7 cents and take the loss of like 20 bucks? You mention time value is killing you but that's not even the price of a good lunch?
    Oct 11 09:05 AM | 1 Like Like |Link to Comment
  • The Kool-Aid Is Evaporating For Sirius And Pandora [View article]
    You own puts, then? Curious what expirations you chose and strike?
    Oct 10 08:43 PM | 1 Like Like |Link to Comment
  • The Kool-Aid Is Evaporating For Sirius And Pandora [View article]
    Similarly at what point do you feel it moves from a short to a "do nothing" where a short presents a balanced risk / reward? What price / P/E? Both stocks.
    Oct 10 08:22 PM | 3 Likes Like |Link to Comment
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