One also must consider that Sirius tends to trade lower in the 2nd Quarter of the year. This is a pattern that has happened over the last two years. April, May, and then rising from the ashes again in june.
Sirius XM: Why I Am Not Concerned About $3.06 [View article]
MIchael, if you look back SIRIUS historically seems to take a dip in the spring to earl summer months. Last year in Feb it was over 2.00 a share, and then in March, April and early into may it traded around the 1.85 mark.
Sirius XM: Why I Am Not Concerned About $3.06 [View article]
Just a simple point. If you are a long term holder of SIRIUS, then right now you want the shorts to jump on board, push the price lower. The lower the price the more shares SIRIUS can remove from it's float with it's buyback.
Fannie Mae (FNMA.OB) is working on an accounting change that could allow it to repay up to $61.5B of the $88B that it owes to the Treasury. Under the change, Fannie would reclaim tax benefits that were written down after the government took it over in 2008. The return of billions of dollars to the government "could have important repercussions for reform and other housing-finance discussions," says analyst Jim Vogel. [View news story]
What impact would this have on current shareholders of Fannie Mae's common stock. Also would this mean that Fannie would no longer have to pay all of it's earnings as interest?
5 Under $5: Stocks You Should Consider For 2013 [View article]
Disclosure: Long Sirius, bought at 2.47/share. And I am actually hoping the share prices drop a good deal. It's all about EPS in the end. The higher the EPS the higher the stock price. If Sirius price were to drop it would allow Sirius to buy back more shares with that cash. The weird part is for long term holders the best thing that can happen is Sirius to slightly miss in a quarter, causing more shorts to pile on, driving the price lower, enabling Sirius remove more outstanding shares. There is a significant advance to for the long holder of Sirius if the company is able to buy shares back at 2.8 vs the current price of 3.20. The buyback would drastically change the EPS. So for Sirius Longs it's time to root root root for the shorts. We want as many as we can get, so that when Sirius spends it's money we are getting the best value out it.
The FHA says it is working on a plan to merge some of the operations of Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB) in a new venture, separate from the two firms, which would operate a secondary mortgage market infrastructure to be used by Fannie and Freddie. The new firm could either be sold or used "as a foundational element of the mortgage market of the future." [View news story]
Wouldn't this just create a 3rd GSE? I don't see how this would be beneficial.
Sirius XM: Money Flow Remains High Despite Struggling Share Price [View article]
Sirius XM: Why I Am Not Concerned About $3.06 [View article]
Sirius XM: Why I Am Not Concerned About $3.06 [View article]
~Long Sirius
Fannie Mae (FNMA.OB) is working on an accounting change that could allow it to repay up to $61.5B of the $88B that it owes to the Treasury. Under the change, Fannie would reclaim tax benefits that were written down after the government took it over in 2008. The return of billions of dollars to the government "could have important repercussions for reform and other housing-finance discussions," says analyst Jim Vogel. [View news story]
5 Under $5: Stocks You Should Consider For 2013 [View article]
And I am actually hoping the share prices drop a good deal. It's all about EPS in the end. The higher the EPS the higher the stock price.
If Sirius price were to drop it would allow Sirius to buy back more shares with that cash. The weird part is for long term holders the best thing that can happen is Sirius to slightly miss in a quarter, causing more shorts to pile on, driving the price lower, enabling Sirius remove more outstanding shares. There is a significant advance to for the long holder of Sirius if the company is able to buy shares back at 2.8 vs the current price of 3.20. The buyback would drastically change the EPS. So for Sirius Longs it's time to root root root for the shorts. We want as many as we can get, so that when Sirius spends it's money we are getting the best value out it.
The FHA says it is working on a plan to merge some of the operations of Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB) in a new venture, separate from the two firms, which would operate a secondary mortgage market infrastructure to be used by Fannie and Freddie. The new firm could either be sold or used "as a foundational element of the mortgage market of the future." [View news story]