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Sirius XM Holdings Inc. Message Board

  • sirius.zone sirius.zone May 24, 2013 6:08 PM Flag

    SIRI STOCK REPURCHASE

    They are buying shares now and every year they can have One Billion to purchase more. No brainer.

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    • As a long shareholder, I think its great they finally started the buy back. But it's gonna take awhile, so be patient. With 6 Billion outstanding shares, it'd cost SIRI 20 Billion dollars at the current share price of $3.50ish to knock the share count down to 1 Billion shares! That's still five times as many shares as Pandora currently has! But the good thing is that SIRI is profitable and Pandora isn't. SIRI is growing and now with Liberty running the show looking to aggressively innovate online & perhaps abroad. So things could excelerate really really fast....especially the closer we get to $5 a share which is the magic price when EVERYONE can buy. And that's not even mentioning Liberty's eventual RMT with SIRI. After they did an RMT with DirectTV, DTV DOUBLED in less than a year. So... The next few years should be very exciting indeed. :-)

 
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