Siri mgt is likely(imo) lining up their excuses 4 such a poor eps in the 2nd qtr., in spite of what will B good sub #'s and huge cash flow; the 210 mil payout to "pre-72 music" will lead the reasons 4 such an abysmal eps, BUT, they'll, as usual have other "one time expenditures" to sugarcoat their diverting the $$ into THEIR pockets, instead of into shareholders accts., via positives eps!
BTW, has siri E V E R exceeded the eps projections, or, is merely hitting the projected eps, now supposed 2 B a major mgt accomplishment??
Sounds 'bout right= Naz down .34% and, the drum roll= Siri's s/v DOWN 4 times that amt., so, what else is new= insiders paying their G.S.(imo) lackies, to drag siri down so that they and malone own as many siri shares as cheaply as poss., until malone once again trys to steal the rest of the retail shareholders' equity with another insulting "takedown offer'!!!
This will apparently send the mkt down, which will yet again B used as a vehicle to lower siri's s/v by 3-4 times as much(%-wise) as the mkt's loss!
'Course, the potential demise of the Confederate Flag, + the recent Supreme Court's rulings will likely + eventually B imployed as yet another mis-direction excuse to evaporate siri's s/v even further(while the "insiders cook the books, to make sure that THIS quarter's eps is as dismal as all others have been)= STILL the biggest scam on Wall st., that the M+M's + siri's insiders line their pockets with while robbing shareholders' equity!!!!!
Yes, agree, + as said, This maneuver does have upsides, BUT, the timing of the announcement is rather conspicuous, in that it, yet again, gives investors another chance to render a ho-hum response to a continuing pattern of un-impressive quarterly eps reportings.
BTW, the rest of your comments also seem "on point"= Siri rarely seems to have a positive response to mkt upticks, but, seems to ALWAYS dive a lot worse than the rest of the mkt when it has a downturn, etc= Siri behaves like a dog, and, its mgt always re-acts in a rather "complacent manner" to its poor performance!
It seems, @ EVERY Siri quarterly report, they manage to squeeze in some off the wall "one time expenditure", or "the like" to off-set what would otherwise have been a positive eps quarter!
They seemingly W A N T to #$%$ defeat from the jaws of victory, by keeping the bottom line(eps) either at, or, below forcasts!!
THIS time, they figured that they'd "pre-announce" their expenditure, in the form of a 210 mil$ pay-off to pre 1972 artists' recordings that they used in an alledged un-authorized manner!
Yes, there R upsides to this maneuver, BUT, its timing certainly falls right in line with what is, by now, a clear pattern of making sure that they have mediocre, @ best, eps @ EVERY quarterly report!!
Every 15 days, we R "treated to" the article that explains how Siri is one of the 6(or, 7, or 5, etc) MOST heavily shorted stocks! Well there's a shred of truth to this, BUT, this is actually mis-information @ its best= How many shares R shorted needs to B put in perspective, relative to the # of OUTSTANDING SHARES!
Currently, siri has comparatively less shorted shares than it has had in a long time, + relative to its outstanding shares, it has a lower % than it has had in quite a long time; likewise it has a lowe % of outstanding shares than many other stocks= just another way that the M=M's + the mercenaries in the media manipulate and guide this equity to where THEY want it to B!!!!!!
Can honestly say that , having followed this stock 4 a while, it seems to have rewarded the mgt a great deal while giving most shareholders a good version of what a scam stock is=
Yes, Malone may have "saved it", but in doing so, got it 4 almost nothing and wound up giving Mel close to 1/2 a bil.$$ walking $$
Howard S has milked it to the tune of close to, or over a bil. of shareholder equity, AND, it seems to mysteriously present some off the wall, un forseen reason to surpress profits(+, ergo, eps @ EVERY quarterly report.
For those rare exceptions who've actually made a "killing" @ .05 to 1.00 per share, congrats, BUT, they R far + few between and, in fact, would've likely invested minimally @ the time it was supposed to B near forclosure; once again, the ATM for M+M's + the likes of Mel K , Howard S., and, the soon to B only shareholder, Malone!! Still,imo, the scam stock of Wall St.!!!!!
Little Girl? U R the one with the line of B.S. who's trying to make lemons look appealing; kinda irksome that this dog isn't behaving "your way"?
Enough bantering with a true pumper= your attachment to Siri is blocking your vision= tell your tall tales to someone else who might actually belive your line; meanwhile, Malone will continue to use siri(and U) as his atm!!!
Hey, looks as if YOU R doing all the crying here; If you can't stand the "heat" ("Truth"), then, perhaps U should go elsewhere; meanwhile, Siri will continue 2 B Malone's cash cow= kinda like his A T M, that he draws from to finance his "other projects" + corporate bonusses!
So, Malone has increased Siri's borrowing limit by 1/2 billion!!?? Clearly, He's milking this cash cow into the ground; just a matter of HOW he cooks the books, to keep Siri's S/V DOWN, while HE'S buying shares back 4 himself, to gain more control over Siri, + make his next "play" to drain the retail shareholders of their remaining equity!
Yes, he IS using Siri as a credit base to accomplish goals in his "other holdings", +, yes, he's driving this co. into the ground with its higher + higher debt load!
My guess, re: next earnings call= (imo), Malone will come out with yet another lame excuse 4 siri's "bottom line" to B "mediocre" so as to again surpress S/V and drive off even more "reets"!
He's all about(imo) having siri ALL to HIMSELF, BEFORE any significant share value increase takes place.
JMO, BUT, as we all know by now, he's just "that kinda guy"!
Malone likely IS buying back shares. Notice, I said Malone is etc.,
; The more HE buys back, the more control HE has over the stock price and its remaining outstanding retail shares!
Imo, share val. will NOT see ANY significant uptick until he has cleaned out most of the remaining retail shareholders. He's just THAT kinda guy!!
We R on the same page, here! IMO, Malone is using his G.S. cronies to help LMCA buyback as many shares as cheaply as possible, NOT for the "other shareholders' benefit, BUT, merely to give Malone MORE control and power over siri, so that he can try to cheat the remaining retail shareholders out of their remaining equity w/ yet another "buy-out scam"= Greed @ its best
Malone OWNS Liberty; Liberty owns siri! ll of this nonsense 'bout Siri benefittingo much from the so-called buy-back us another "hustle"! Imo, every share that siri buys back", just gives Malone more control over siri and its retail shareholders= it merely gives Malone a btr position to try, once more to relieve he retail shareholders of their remaining equity!
Malone doesn't permit siri's s/v to increase till HE owns 90-95%(excluding what his cronies have "been given")
IMO, this is (as always) Malone using his G.S. lackies to buy up as many shares in the so-called "buy-back program" as possible; and, Siri's buying shares back to give its shareholders more "value"= P L E A S E!!!! This is ALL about Malone accumulating as many shares as he can to gain as much control over siri as poss. until he pulls his next attempt to clean out the rest of siri's retail shareholders of whatever equity they may have left= Siri stays down (and, even further down) until Malone figures HE owns the company as outright as possible; won't go up any reasonable amt until Malone is the only one making a killing(as IF that's EVER been possible w/this scam stock)!!!!
Frankly, it's always , imo, the case w/ "the Duke", that , certain aspects of his posts R "on target", BUT, imo, there's a very simple reason 4 that; he creates a scenario that "fits" Siri's current status, and then procedes to build a "case" supporting his scenario and, again, case no one's noticed, without exception , WITH a "negative spin"!!
Though he trys to paint himself as such a shrewd perceptionist, he's merely spinning veiled negative siri scenarios that R, created to fit Siri's most "current mold", again, ALWAYS with a decided negative overtone= He calls the shots somewhat accurately, BUT, A F T E R "the gun is fired", and then proceeds to self agrandize over his thesis(s)!
Just another negative spin doctor !!!!!
Yes, my thoughts, exactly, +, then, when he has enough of a majority, he attempts to pull yet another of his "scam offers" to relieve the retail shareholders of whatever equity they may still have in siri!!
Siri has been referred to as a "Cash Cow", because it generates such a huge amt of incoming $$, B U T, IF its expenses R constant, if not, then reduced, + they have the "nols" to use to avoid larger tax payments, then, where is the income going?
The on-going quarterly eps would certainly NOT indicate it being a "profitable cash cow"; 'course we should ALL know, by now, that siri consistently comes up with some off the wall write-off and/or expenditure that prevents any "profits "going to the bottom line!
More importantly, it would seem(imo) that the, so-called" outstanding share count is certainly NOT dedcreasing in a manner "consistent" with the # of shares being bought back= 'course, this COULD B caused by dilution= adding MORE shares that are routenely awarded to execs, in place of $$
Overall point being, that Siri's managing their books in such a manner as to keep ANY of that so-called, Full Cash Flow" from reaching the bottom line and improving the eps #'s
Quite simply put imo, they seem to B doing a great job of 'Cooking The Books"!
But, since when has ANY of this company's huge cash flow been allowed to go to the all important "Bottom Line"
Still the "best scam that wall St has to offer!
Still the best hustle that Wall St has to offer; what more could the M+M'S ask 4 than to B able to trash a company's S/V with the blessing of its home office?
Malone actually WANTS this to happen over and over so that he can have his (imo) G.S. lackies buy as many shares 4 hime as possible and store them away 4 him under contracr!
This hustle goes on until Malone runs off all the reets and he owns ALL of this cash cow 4 himself!
Till then, look 4 this laundering to happen over + over again while the so-called share buyback program is carried out using $$ that Siri borrows, while the outstanding share count remains almost constant, 'cause siri's diluting= printing up hundreds 0f millions more shares to give to its execs as "options".
The hustle just never ends!!!!!!!
All this over a suit that is still in the initial stages of what will likely B a long and drawn out legal drama, that includes a host of defendents, not just SIRI; B U T this is ALL that Malone's mercenary lackies need as an excuse to trash siri's S/V, as has been done(actually, way OVERDONE) so many times.
All that this proves is that Siri is still the most treasured target of those who can manipulate its S/V and have absolutely NO worries of ANY recourse, 'cause they have the full support of Siri's home office while they're doing so!
Still, the laugher of Wall st and the best hustle that the M+M's have up their sleeves!