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Stephen Faulkner

 
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  • Sirius XM: Understanding Price Control [View article]
    You're confusing me. Are you looking to sell?
    Dec 7, 2014. 03:14 PM | Likes Like |Link to Comment
  • Sirius XM: Understanding Price Control [View article]
    It could be range bound it could go up it could go down.... nobody knows. All anyone can do is look at the share price and decide whether or not that entry point presents value to them based on where they believe the share price should be based on their research, and invest accordingly (or sell if the case may be).

    I'd argue that investments have a time frame longer than 12 months, but some may disagree. Some buy and sell over the course of a month and consider it an investment. In the case of SIRI if you're buying with the intent to sell in 12 months it's probably not the best choice, and historically if you pick 2 points 12 months apart with SIRI sometimes it's "good" and sometimes it's "neutral" and sometimes it's "bad".... then again it has been a good investment for those who entered at two specific "change of story" points... the LMCA loan / save from bankruptcy and the LMCA initiation of purchases as it went to a controlling stake (arguably that one isn't really a change of story... but it was a big fundamental issue with a question mark on it for many)
    Dec 7, 2014. 10:47 AM | Likes Like |Link to Comment
  • Sirius XM: Understanding Price Control [View article]
    It should! The Faulkner nose is LEGENDARY! ;)
    Dec 7, 2014. 10:42 AM | 2 Likes Like |Link to Comment
  • Sirius XM: Understanding Price Control [View article]
    Why would the company want mutual funds buying the stock in competition with the buyback?
    Dec 7, 2014. 10:41 AM | Likes Like |Link to Comment
  • Sirius XM: Understanding Price Control [View article]
    Will you calm down please? lol
    Dec 7, 2014. 01:43 AM | 3 Likes Like |Link to Comment
  • New Car Sales Should Help Sirius Meet Subscriber Guidance [View article]
    I said my target was $4.85 but I was comfortable with $5 "area", and that it was a sell target.

    For some reason people read it as a "this is exactly where the stock will get to."

    I even suggested if it approached that area that one leave a few pennies and sell before it if it were to be approached.

    2014 has not afforded a good selling area like 2013 did ($4.18 3 months prior to $4.25 area target). Doesn't always get to the point one is willing to sell. I'm happy it has not for reasons I have repeatedly stated :)

    That $5 moves up for 2016... and again, doesn't mean it will get there. Heck if the price keeps dragging, the sell target might even look a bit crazy....
    Dec 7, 2014. 01:33 AM | 1 Like Like |Link to Comment
  • Sirius XM: Understanding Price Control [View article]
    Back again!
    Dec 7, 2014. 01:23 AM | Likes Like |Link to Comment
  • Sirius XM: Understanding Price Control [View article]
    'Tis also mildly humorous you posted those two hours apart. Thanks for coming back? :D
    Dec 6, 2014. 09:24 PM | 2 Likes Like |Link to Comment
  • Sirius XM: Understanding Price Control [View article]
    Spend less time at the gym and more time learning the difference between you're and your. ;)
    Dec 6, 2014. 09:19 PM | 3 Likes Like |Link to Comment
  • Sirius XM: Understanding Price Control [View article]
    The cash is reflected in earnings... the fact that they spend it afterwards doesn't have anything to do with earnings going forward. What exactly are you talking about Googer? You can't buy stock and say "oh well we didn't earn this because we bought an asset with it...." Buying your own stock is not an expense...???
    Dec 6, 2014. 09:18 PM | Likes Like |Link to Comment
  • Sirius XM: Understanding Price Control [View article]
    For more color on what this article touches on (and in more colorful fashion) I posted a bunch of stuff at the following link :

    http://bit.ly/1w101oj

    Lot of speculation, for sure :) We'll see if my loose predicition that the short interest at end of Dec. will show very little decrease, comes true...
    Dec 6, 2014. 03:15 PM | Likes Like |Link to Comment
  • Sirius XM: Understanding Price Control [View article]
    "therefore I hope the result today has led to less retail in this stock."

    Stop copying me! ;)
    Dec 5, 2014. 11:29 PM | 1 Like Like |Link to Comment
  • Sirius XM: Understanding Price Control [View article]
    I will cull you (again... I already culled you but you seem to have grown another head!) if you continue to discuss the Turtle's lawsuit as if it will mean anything significant. :) They might get a TINY bit of "damages" and the law may change going forward but who cares... it'll roll into the MRF. Negative impact would be greater for those who are not paying sub based and who run on ad rev.

    Soooo... "who cares"? : ) Say it with me and then forget about it.
    Dec 5, 2014. 08:57 PM | 1 Like Like |Link to Comment
  • Sirius XM: Understanding Price Control [View article]
    Dave I like your hair cut.
    Dec 5, 2014. 08:49 PM | 2 Likes Like |Link to Comment
  • Sirius XM: Understanding Price Control [View article]
    "As someone else said, the only people making $ on this stock over the last year (since the offer and despite nice fundamental growth) is the SIRI Execs who are buying stock, via options at pennies on the dollar, and slamming them into the market... despite the price being significantly lower than the takeover offer, in-spite of the buyback. Also, in-spite of strong car sales and a stock market that has been doing great."

    Again I am not being mean (I am going to stop saying that after this post although I am still not "being mean" :P ) but this type of talk does nothing to help anything.

    I can point you to traders who buy and flip in and out and have made money on SIRI over the last year. I am "green" on SIRI this year as I have added twice at lower points. That completely invalidates the idea that the ONLY people making money on this stock over the last year are executives.

    Do you know when those options were granted? And they did this last year and the year before, as well. It's part of their compensation and in buying into the stock it is expected that one is to be aware of these options (as they are issued or pre-existing). The company discloses this. There should be no hostility towards the executives of the company you bought into collecting on their compensation. If one disagrees with the pay packages it may be best to not buy the stock or to sell the stock? Individuals also are able to buy the stock at time of issuance of the option and sell the stock at the same time an exec sells the option and takes profits. Those individuals would profit in kind... There should be absolutely no animosity here.

    "So, where would this stock be if there was no buyback?
    Logically, it would be even lower."

    Logically one can not make such a conclusion, so no it's not logical. I can SEE how you would think that such a line of thinking IS logical but it is not. The company would have a different structure here if it had not been buying back shares. More shares out, less debt, more cash. You are not thinking about all the things that go into a share price. The EV should be SIMILAR here without a buyback and thus present a similar share price... though perception may be different. Price could be more or less. Who knows?

    I think you will find good company amongst sellers after Jan 1st. There may very well be more who are frustrated and looking to exit but unwilling to sell now as they want to defer taxes until next year.

    Not sure buying LMCA would make much sense, though.... the market cap of LMCA is made up and tied to the valuation of SIRI. If you don't feel SIRI will appreciate, then it is unreasonable to expect that LMCA will do much better...

    Good luck to you as well :)
    Dec 5, 2014. 08:47 PM | 2 Likes Like |Link to Comment
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