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Stephen Faulkner

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  • Sirius XM Deserves The $4 Price Target From Barclays [View article]
    Front running expectations for April in my opinion. I don't think there is anything else tied to this.
    Apr 2 07:37 PM | Likes Like |Link to Comment
  • Sirius XM Deserves The $4 Price Target From Barclays [View article]
    No John Malone won't buy it all at that price. He didn't buy it at $3.09 he's not going to buy it less than 3% under. :P
    Apr 2 07:36 PM | Likes Like |Link to Comment
  • Sirius XM Deserves The $4 Price Target From Barclays [View article]
    It doesn't mean buyback has started, but it's expected they will resume this month. (we won't know anyways since they'll report post Q2 on all of Q2 and not on the exact date of resumption)
    Apr 2 07:35 PM | Likes Like |Link to Comment
  • Sirius XM Deserves The $4 Price Target From Barclays [View article]
    "Michael, The only development today that I came across was that Budget and Avis announced that the majority of their rental cars had the SXM satellite radio factory installed and available to renters."

    It's good news but it's not enough to turn things around. Look for cessation of what started a move or material high impact announcements to change a trend. Like I said above there may be front running buying on expectations for April. Watch for filings that SIRI has bought back from LMCA and see what the share price does at that time. Keep in mind, those shares are being retired.
    Apr 2 07:35 PM | Likes Like |Link to Comment
  • Sirius XM Deserves The $4 Price Target From Barclays [View article]
    "Why are we up today ?"

    Must be because the Apple news is being shrugged off eh? (Sarcasm...)

    Stop looking for reasons for every single move every single day. Doesn't always have to be a reason. If I had to assume, it's because April is here and what started the decline (or what I assume started the decline) may be ending as SIRI buys back from LMCA this month and should resume market purchases. There should be a bit of front running on that on the buy side... you'd want in before the next $2 billion in buys flow through the open market. Article in queue on it.
    Apr 2 07:32 PM | 1 Like Like |Link to Comment
  • Sirius XM Deserves The $4 Price Target From Barclays [View article]
    Rocco was saying that at $1.27. It's all a shtick... which serves Rocco well enough. He said P was a buy and hold and forget about for your children or something like that so let's give it the 10 or 15 years to play out. Guy actually had a good article on SIRI today (ugh, I said it again! hah).
    Apr 2 07:29 PM | 2 Likes Like |Link to Comment
  • Sirius XM Deserves The $4 Price Target From Barclays [View article]
    Yes the offer was withdrawn. It was unlikely the offer was serious to begin with. There was no push for it... and when you want something, you PR the thing, especially if it relies on a vote that is half retail holders.

    I hate the 'manipulation' talk (because such talks are useless...) but someone might be able to drag and opinion or two outta me on this one in face to face conversation :)
    Apr 2 07:26 PM | 1 Like Like |Link to Comment
  • Sirius XM Deserves The $4 Price Target From Barclays [View article]
    "oh i forgot Nokia has mixradio also, so many free streaming music..."

    How will these things change if Sirius XM hits $3 instead of $3.09? It was a reasonable article but you're saying some strange things in the comments! What if it hits $3 and then there is news on any of the multitudes of streaming apps? Do you expect lower share prices? Would you sell?
    Apr 2 07:24 PM | Likes Like |Link to Comment
  • Sirius XM Deserves The $4 Price Target From Barclays [View article]
    "What value is realized when the liabilities rise and the shares outstanding decrease? It sounds like a total wash and waste of time."

    It's an immediate wash, and hopefully a longer term benefit if the share price appreciates by a greater extent than the interest cost over the life of the loan.

    Share buybacks using debt are not an immediate payoff (neither are buybacks done with cash, as it's an immediate decrease of cash). It's a longer term thing.
    Apr 2 07:22 PM | Likes Like |Link to Comment
  • Sirius XM Deserves The $4 Price Target From Barclays [View article]
    I prefer buybacks as well. Pay this low interest debt off over the longest period possible.
    Apr 2 07:20 PM | 2 Likes Like |Link to Comment
  • Sirius XM Deserves The $4 Price Target From Barclays [View article]
    "nope.

    $3 is better than $3.12

    it will be a perfect 33.33% gain if it goes to $4"

    $2 makes that a perfect 100% you know... ;) why not wait for that...
    Apr 2 07:19 PM | 2 Likes Like |Link to Comment
  • Sirius XM Deserves The $4 Price Target From Barclays [View article]
    "rumors of apple seriously going into car business. that company has a lot of money to make a real push for CarPlay

    already caused SIRI to fall and"

    I would argue this is a guess / assumption and not a statement of fact. Did the announcement cause SIRI to fall or was it something else? Too often people try to associate price activity with news, and too often the price activity is not related to the news at all. Consider SIRI is up to levels now despite the rumor... is it only up because for some reason over a few days everyone decided Apple wasn't a threat? Did the drop have to do with a 100 / 200 technical cross mid March?

    Is there something that makes you think at $3 per share people will suddenly say "Apple is not a threat"? It's less than 3% under the $3.09 the share price bounced twice last week....
    Apr 2 07:17 PM | 2 Likes Like |Link to Comment
  • Sirius XM Deserves The $4 Price Target From Barclays [View article]
    Alcaraz, don't feel you have to dumb 'em down. While I prefer to write in a more general and simplistic sense I think the SIRI crowd (for the most part) can handle things on a bit more detailed level. Then again "Cycle indicators, math operators, price transform, pattern indicators, Jensen alpha, etc.."

    Dunno how much of that is necessary. Overly detailed and technical articles will likely drive viewers and discussion away. Much of that stuff is the realm of the 1%.
    Apr 2 07:10 PM | 1 Like Like |Link to Comment
  • Sirius XM Deserves The $4 Price Target From Barclays [View article]
    Debt has been refinanced and / or paid off. At today's low rates it makes sense to take on / hold low interest debt at manageable levels.
    Apr 2 07:06 PM | 3 Likes Like |Link to Comment
  • Sirius XM Deserves The $4 Price Target From Barclays [View article]
    Apple's rumor is nothing. Don't latch onto that ... every year people latch onto a different version of X is gonna kill Sirius XM... this one is no different. Rocco Pendola had a good write up that made sense today... (and that will be the first and maybe last time I will ever write that lol....)
    Apr 2 07:05 PM | 4 Likes Like |Link to Comment
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