GE will be selling 20% of their Consumer Finance subsidiary which houses their huge private label credit card business. This is a high PE arena with Mastercard, Visa etc. and the GE private label handles the cards for such entities as Walmart, Lumber Liquidators, Lenscrafters, #$%$ and AMAZON!!!! This should be filed in the next 30-45 days. Be on the lookout as this could double out of the chute. (also will give a little jolt to GE's stock when people realize they still have the other 80% which they intend to swap out to GE shareholders in 2015!)
The weak guidance and downgrade should cause all of the lemmings to sell. The .66 is safe and can easily be paid from their guidance expected FFO this coming year. They are absorbing and hopefully improving Copper Beach and in 2015 they should be able to show meaningful growth again. At $9.00 the stock yields 7.33%. Over the coming year rates will creep up a bit, but that 7.33% will still be very juicy from a solid company with an interesting and diversified niche in student housing. At $8.75 it goes to 7.54%
Laughable that you all get worked up about a company that had just a few million in revenue last quarter??
There are REAL "biometric" companies that have tens of millions of dollars of orders every quarter...why don't you play with those and make some real money.
If you net out the hardware sales (not a lot of margin there), the revenue was really small and down from prior year's Q. They are so forthcoming that one really doesn't know what the heck they are doing.
If you don't understand this you shouldn't be here. If this gets raised by 10% then it equals $3.60, which is the amount your account would show as the value on the date of exchange IF they raise the deal by 10% (highest likely upside.) If they don't change the deal it will probably crater and then this might be a good stock to own, but the first reaction may be a decline.
If Liberty increases by 10% that is $3.55. Market is saying that 10% if probably the best case scenario.
Spent $20mm cash on an acquisition and then will lose $20mm + for the year, so that is $40mm of their stash gone. All the Graham and Dodd believers are conned by another one.
They have already telegraphed a lackluster Q1 so I wouldn't rush out to buy it in anticipation of their earnings release. My hunch is that there are many who may not have done their homework and will not be happy with what they hear and feel that they are back in their "tomorrow" mode with promises and more promises.
You are sitting around hoping Liberty raises the bid. Even if they raise the ration 10% you will only get $3.79 and you will be sitting around for 4 months waiting for THAT. Pretty meager playing for pennies.
Everyone holding in the hopes that Malone ups the ante (which he may); however even if he does SIRI holders will wind up with an amount that is dependent on LMCA's value and will have to wait at least 4 months for the closing.....Better to take the cash and plow it into something "living"
They just handed him a pile of stock and all he has to do is have the price at around $4.50 to earn a huge amount over time. Also, the company can de-list etc., so I can assure you that the insiders will get the mine and we will get the shaft.
We would not expect, in our capacity as a shareholder of Sirius, to vote in favor of any alternative sale, merger or other extraordinary corporate transaction involving the Company.
Yes, I saw that on CNBC and was amazed that:
a.) the person who was "debating" him didn't just blow him away by telling him he was not understanding what was happening.
b.) Basenese was trying to tell people that auto stocks were more predictable that SIRI.
Of course SIRI doesn't have any unfunded pension liabilities, dependence on labor union peace, total swings with the economy, ups and downs with major European and Asian market cycles etc.
Yes, it is correct. 7 days to cover is not a very large cover ratio. Plenty of stocks with 20, 30 and 40 days to cover. When a company has 6+ Billion shares and trades 45mm/day, this is a modest short position. Given that they are buying back about 600,000, shares in the next 4-12 months, it is not an easy "short" position going against this kind of buying headwind.