WOW!!!! Looks as if "The Street" has finally figured out that Siri's mgt seems to go out of its way to NOT beat projected quarterly eps @ EVERY quarterly report!
Seems as if Siri has a history of snatching "defeat from the jaws of victory", every 3 mos, + THIS time, the selloff starts BEFORE the qtr. report! Wonder just what type of "monkey wrench" Siri's mgt will throw into THIS quarterly report to keep it from having any positive effect on S/V???
Pay attention; Liberty will sell a boatload of siri's shares BACK to them, say 500-600 mil worth, @ 3.5-3.65 per share. Sure, siri buys a few more back on the "open mkt", But, Malone continues to drain siri's equity into liberty's acct + loads Siri with debt, eventually spinning it off, when it's back where it startd out= on verge of B/K. Don't think so= why do U think that Siri's S/V has remained so stagnent, and it continually, qtr. after qtr. fails to report decent eps=DUH 'cause it always creates the elusion of writeoffs. etc that keep the eps low!
There'll B some "off the wall" one time expenditure, OR some other lame excuse to keep S/V surpressed= Have they NOT done this at every one of the last 8-10 quarterly reports? Malone will do all in his power to make sure that the siri "retail shareholders"don't get a nickel out of their shares. He'll likely sell back a load of Liberty's siri shares, once again, and continue doing so until siri gets downgraded 4 being over-loaded w/debt; next he spins Siri off, when he's rendered it bone dry!
S/V cvontinues to drop, ea day, as a "strong earnings report" is nearing announcement??
What could POSSIBLY B making S/V behave so mysteriously?
Could'nt B that Malone has "arranged" 4 s/v 2 B programmed to a price that HE wants it at. so as to make sure that He's the only one making any gains from siri's huge cash flow?
He'll do another sale of liberty's siri shares during this next buyback, making sure that siri's s/v stays depressed, inasmuch as it will B so loaded down with debt, that it'll B downgraded!
Yes, in fact, short interest dropped by 20.5 mil shares, OR, as stated, 6.5%. Better than an increase, BUT, still a drop in the bucket, while looking at the high remaining # of outstanding shorted shares!
Earnings will, quite likely, B rather "flat, once again", due to some "new-one time charges'!
Must B obvious, by now, that Malone has decided that he A). Could'nt steal the balance of the company from the remaining shareholders, a few months back, so-
B) He's decided to just steal all of the equity out of it that he can= during this "new buy-back" he'll likely sell a load of Liberty's Siri shares back to them @ somewhere around his mystical 3.68 valuation, eventually leaving Siri grossly overburdened with debt, @ which time he'll "spin it off", leaving it right where it was when he "rescued it"!
Last thing Malone wants to do(+, imo. will avoid @ all costs) is to let any meaningful gains from shares fall into anyone ELSE'S pockets. He 's "just that kind of guy"!
Granted, Opie's loss could mean a "few lost subs", BUT, by this time, Siri has, traditionally released its quarterly sub count, 4 the prior qtr. IF it's strong, then they'd likely have released it by now , BUT, another "maneuver" to keep the lid on Share-value?
Wow, since those share "buybacks" started siri's share value has really taken off= N O T= Only stock that will STILL drop, EVEN if the company's buying back a gazillion shares= + Nothing's going on here/LMFAO!!!!!!!!!!!!
Gotta give this guy credit; he's been doing a great job of surpressing share value; wants to keep it down till he maneuvers all of the "reets" out; wants to make sure that THEY don't make a nickel out of Siri= HE wants the whole thing 4 himself= HE'S gonna keep this down till HE owns almost every share; wonder how much he's having to pay his "G.S. lackies" to keep programming this down, every day?
Don't doubt that a bit; Siri's S/V will generally do the exact opposite of what Metrics would suggest., +, in THIS case, a strong "buyback" suggests an upturn, BUT, HERE, not a chance!
Yes, and, the USUAL , during a "stock-buyback," is 4 share value to noticeably increase in value; this is the expected "pattern", But, of course, we R talking Siri, here, where the "un-expected" nearly ALWAYS trumps the expected. BTW, still get the distinct impression that increasing siri's S/V is DEFINITELY NOT on Malone's "Bucket List"!!!
Well, they DID say they were gonna buy shares back, didn't they? As of yet, low vol. would suggest otherwise; but, then again we ARE dealing with a company that's apparenty determined to keep THEIR share value down, so as to "shield ANY revenue + ptofits" getting into their shareholders' pockets; they'll wait till their NEXT cooking the books scam +/or, left field, end around run, to try to "relieve the 48% from their shares!
Never seen a mgt team that's either THIS greedy or , this dumb!!!!!!!
Looking back, who has "Taken away" the most $$ out of Siri's operations?
Stern will have made at least a billion$, by the time HE retires; Mel K 'walked" with over a 1/2 billion$ in options(basically, his reward 4 handing the company over to Malone)
Malone made 4-6 billion, overnight, 4 a 500 mil$ loan @ 16%, which was quickly pd off!
Mgt + B.O.D members have continuously rewarded themselves handsomely 4 shielding the majority of revenues FROM Siri's shareholders!
And, so, the beat goes on, with J. Malone continuing to make sure that the retail shareholders get the shaft while the Siri"principals" get the(gold) mine!
This latest "2 billion$ share buyback," is really doing wonders 4 S/V. +, it's being pursued SOOOOO agressively, THAT, if it were NOT announced, folks would have NOOOOOO ideer that it was going on(based one the H U G E volume=lmao= of shares being traded since the announce buyback).
Just goes to further confirm that, Malone really Doesn't want siri's S/V to "escalate", until he has his greedy paws on a whole lot MORE shares than he currently owns.
He's carrying on the siri tradition, nicely= that being that revenues + profits B shielded from being returned to share holders +, rather, B channeled into the so-called mgt's back pockets thru diverse accounting schemes and other non-transparent ploys!!!!
Just don't get it, that a company would put themselves into debt to issue a dividend('course,, we know it'll also B used to "Buy shares back"=BUT from W H O??)
Just do N O T trust Malone= Would'nt B a bit surprised if he's already planning to sell a huge batch of shares back to Siri that he bought on the cheap, after he pd G.S. to use THEIR flash program to get the S/V DOWN to where he could turn a huge profit 4 LMCA
BTW, IF there WERE to B a dividend declared, would'nt Malone + LMCA make out like bandits with his 53 % ownership of Siri's shares being pd the biggest chunk of the dividend payout??????
This whole loan scenario , imo, is just a Malone ruse, to, yet again, drain $$ OUT of Siri's till and into Malone's(liberty) acct., to help fund his Charter cable project= he's "just that kinda guy"!!!!!!!!!
Now, S/A article referring to this loan as a device that "may B used to issue a dividend"???
Of course, this is merely another Malone "ploy" to get another huge siri "payout to LMCA", thru dividends on the billions of shares that Malone + LMCA own= BTW, since when does a company consider it a good business to borrow a huge sum to issue a dividend??
Always though that dividends were a way of sharing huge profits with its shareholders, NOT a reason to borrow 750 mil to finance a "bonus"!
Well, NOW, in the most recent 750 mil. loan news release, it's being said that Siri MAY use it to fund a dividend payout=; just another way 4 Malone to rob siri of its capital, while putting it MORE in debt to pay Liberty a "dividend" on the billions of shares that Malone + LMCA now own+ plus the hundreds of millions of shares that he likely bought "on the cheap" while he had his G.S. lackies programming the share value DOWN 4 the last 6-7 weeks!