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Stephen Faulkner  

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  • Is Sirius XM Setting Up For A Significant Move? [View article]
    Also you posted Jun 13th you sold out of SIRI when it was $3.75.

    How did you get out last week as well?
    Jul 24, 2015. 08:00 PM | 3 Likes Like |Link to Comment
  • Is Sirius XM Setting Up For A Significant Move? [View article]
    You have a misunderstanding of how many shares were out there, tied to convertible bonds, etc.
    Jul 24, 2015. 07:58 PM | 1 Like Like |Link to Comment
  • Is Sirius XM Setting Up For A Significant Move? [View article]
    How are they going to take back 40-50% of outstanding shares? Can't get to 50%.... LMCA owns more than that. They may even own more than 60% I haven't looked into that lately.

    Trading volume is low as it should be in this area based on technicals. Handle pullbacks are lower volume and the break begins with a higher volume break of the handle's downtrend (as exhibited yesterday at close).

    They don't need to do anything quickly. Arguably if they had bought back faster perhaps the average paid would be higher than it will be in the future. They need to conduct the buyback in an appropriate fashion for investors, not those who want to exit at overvaluation at the company's expense.
    Jul 24, 2015. 01:24 PM | Likes Like |Link to Comment
  • Is Sirius XM Setting Up For A Significant Move? [View article]
    You have. Zacks has posted these sorts of things frequently, and their history of buy / sell is "ok" though their reasoning is more suited to shorter term and not from an investment standpoint long term. They don't dig into the how or why in the stock. Their analysis is highly superficial (and that's fine, most analysis is and thus superficial analysis guides stocks shorter term).
    Jul 24, 2015. 11:38 AM | Likes Like |Link to Comment
  • Is Sirius XM Setting Up For A Significant Move? [View article]
    LGF is one of the few stocks I have written about other than SIRI.

    Suggested by around $14. Figure it's at least a hold until they near exhaustion on the hunger games series. They do well with teenager type movies... which is the group that spends the most (typically) on movies when they're not sneaking in. :P
    Jul 24, 2015. 11:35 AM | 1 Like Like |Link to Comment
  • Is Sirius XM Setting Up For A Significant Move? [View article]
    Nothing to make of it. It's doing what it should from a technical standpoint. Just gonna need to follow through.
    Jul 23, 2015. 11:50 AM | 1 Like Like |Link to Comment
  • Sirius XM Needs Strong Subscriber Growth And Margin Expansion To Justify Its Current Price [View article]
    And we're a month away from them trimming their PT again!
    Jul 20, 2015. 08:06 PM | Likes Like |Link to Comment
  • Sirius XM Needs Strong Subscriber Growth And Margin Expansion To Justify Its Current Price [View article]
    I'd assume their own. Institutional holdings reported per quarter.
    Jul 20, 2015. 07:03 PM | Likes Like |Link to Comment
  • Sirius XM Needs Strong Subscriber Growth And Margin Expansion To Justify Its Current Price [View article]
    Another thing that doesn't make sense is when they have price targets and recommendations that do not match up with their positioning.

    How many times have I seen a hold or avoid rating or a downgrade only to see a quarter later that they increased position.

    Likewise how many times have I seen a buy or overweight or upgrade to a rating only to see a quarter later they unloaded.
    Jul 20, 2015. 06:28 PM | Likes Like |Link to Comment
  • Sirius XM Needs Strong Subscriber Growth And Margin Expansion To Justify Its Current Price [View article]
    They'll lower it again and follow the share price.

    It's what these 'analysts' do.

    Very few of them stick to a target. Even some of the ones I respect 'more' than others seem to follow the price around. It's like the madness of CNBC just throwing numbers out there from their uh... 'professionals'... with 'research' behind it...

    What was their target when P was at $40? What about when it was at $7?

    Checking history on some of these analysts and reports is cringeworthy...
    Jul 20, 2015. 06:21 PM | 1 Like Like |Link to Comment
  • Sirius XM Needs Strong Subscriber Growth And Margin Expansion To Justify Its Current Price [View article]
    They also have a $28 price target on Pandora as far as I am aware. BRUTAL for any of their clients who are following their recommendations there.

    Brutal.
    Jul 20, 2015. 05:47 PM | 1 Like Like |Link to Comment
  • Is Sirius XM Setting Up For A Significant Move? [View article]
    Hmm... question wasn't directed at you?

    Anyways I am almost 100% sure that your position is not so large that you can't simply liquidate it immediately at the bid price without moving the share price by a penny. Why do you need to reduce positions slowly?

    You say you are holding because of me... I am not sure that makes any sense. I mentioned $4 was a good exit area earlier in the year unless one wished to hold long term. You can't be thinking long term with comments like you said above about Malone milking SIrius of every penny and casting off a dry indebted husk (not how Malone does things anyways, but you should understand this...)

    Your entire comment history on SIRI is extremely negative, complaining, talking about manipulation, making insinuations or statements which are not true (under the guise of "I believe...)...

    Do yourself and everyone else a favor and sell, END THE TORTURE you are putting yourself through on a daily basis. Put everything into Netflix! Everyone I know says they bought a bunch of that recently (and GOOGL, everyone bought a bunch of that too... ).

    You sound envious of Malone. Extremely so. It's one of the seven. Best to lose that emotion.
    Jul 20, 2015. 04:06 PM | Likes Like |Link to Comment
  • Is Sirius XM Setting Up For A Significant Move? [View article]
    You get them down the line, long term, when the return exceeds the cost.

    Not before.

    Share buybacks are a long term issue. I have said this over and over and over and over and over again.

    If I buy something today for $1 I don't realize gain until that thing is worth more than $1.

    If I bear interest cost on that $1 I don't realize gain until that thing is worth more than $1 + compounded interest +inflation.

    If I buy with cash I don't realize gain until that thing is worth more than $1 + inflation.

    There are other issues that go into this such as tax benefit on interest cost vs. cash cost.

    Once this is all calculated and borne out over YEARS then you will have your answer.

    Any and all investors in Sirius XM should run the numbers on this, weigh vs. expectations of company performance, number of shares repurchased, cost in cash and debt, and expected number of years to target and figure whether or not they wish to hold through the period or sell and repurchase (or not) later on.

    Or instead of doing that they can simply post on message boards asking if anyone else has done this work, despite the fact that at least one individual has communicated the answer in multiple comments and articles.
    Jul 19, 2015. 08:28 PM | 1 Like Like |Link to Comment
  • Sirius XM Needs Strong Subscriber Growth And Margin Expansion To Justify Its Current Price [View article]
    No. Why in the world would Sirius XM or the car companies pay to install Sirius XM equipment in vehicles intended for sale outside of North America?

    That wouldn't make one shred of sense. None.

    Used vehicles that are exported post North America sale may have satellite radio but it would be absolutely, completely and utterly useless outside of Sirius XM's coverage area.
    Jul 19, 2015. 07:48 PM | 1 Like Like |Link to Comment
  • Is Sirius XM Setting Up For A Significant Move? [View article]
    Also considering your comments above, WHY do you continue to hold SIRI?

    Your expectations are for the stock to be 3.65- below $4 by year's end, another offer from Malone so he can ... leverage to pursue his "cable dreams."

    Yet you own the stock.

    Why? What benefit do you see by holding, considering that you see absolutely no share price appreciation for the next 6 months (and a higher probability that the share price will be LOWER) followed by another LMCA offer followed by the company being essentially robbed of its cash / borrowing capacity?

    Yet you hold the stock.

    Why? Something doesn't compute.
    Jul 18, 2015. 04:13 PM | 1 Like Like |Link to Comment
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