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Sirius XM Holdings Inc. Message Board

  • ezalldee ezalldee Jan 8, 2013 10:23 AM Flag

    JAT Capital founded by John Thaler- LMCA is top pick

    Liberty Media (NASDAQ: LMCA) is JAT's top stock pick as of 3Q 2012, accounting for over 7.9% of the firm's total 13F portfolio. The media company was a new addition to JAT's portfolio and is up over 50% during the last 12 months. With plans to spin off Starz Entertainment, Liberty should be able to better focus its operations, where the Starz spin-off will now allow Liberty to focus on Sirius and Barnes & Noble. Liberty invested some $200 million in Barnes & Noble for preferred stock that can be converted into 12 million shares.

    Although the book retail business has been in decline, Barnes & Noble's e-reader has been showing solid growth and is 2nd in the e-book market behind the Kindle. Liberty Media is still in its pursuit to acquire more than 50% of Sirius, where its Sirius investment should benefit from the satellite radio company's niche and dominant position in the auto industry, where demand for autos is expected to be up in 2013.

    From a valuation standpoint, Liberty is very much on the cheap side when compared to media giants Comcast and Time Warner - both trading at 18x earnings - compared to Liberty's 8x. Billionaire Warren Buffett is the top fund owner of Liberty among those we follow with over 5 million shares (check out Warren Buffett's top picks).

    Starz spin-off will now allow Liberty to focus on Sirius and Barnes & Noble. Liberty invested some $200 million in Barnes & Noble for preferred stock that can be converted into 12 million shares.

    Although the book retail business has been in decline, Barnes & Noble's e-reader has been showing solid growth and is 2nd in the e-book market behind the Kindle. Liberty Media is still in its pursuit to acquire more than 50% of Sirius, where its Sirius investment should benefit from the satellite radio company's niche and dominant position in the auto industry, where demand for autos is expected to be up in 2013.

    From a valuation standpoint, Liberty is very much on the cheap side when compared to media giants Comcast and Time Warner - both trading at 18x earnings - compared to Liberty's 8x. Billionaire Warren Buffett is the top fund owner of Liberty among those we follow with over 5 million shares (check out Warren Buffett's top picks).

    E

 
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