C'MON Man= does it get ANY more obvious? Shoots right back down to the 'G.S.Programmed price target" of 3.50.
Become quite obvious, by now, that Malone has decided to "freeze S/V" @ this level so as to discourage current retailers from continuing to hold. Like stated, he's content to sit back + eliminate 1-2 millions shares worth of retail a day!
Irony of it all is that this so-called "Share buyback" was presented under the guise of a positive 4 siri's S/V, when, in fact, it's apparently nothing but a plan to make siti's shareholders pay the interest tab 4 Malone to squeeze out as many of the remaing 14-15% of retail shares!
Gotta give this guy credit= he'll do anything to make a nickel +/or keep a nickel of profit in his pocket and NOT in the reets' pockets!
This is all about Malone trying to get "the rest of Siri" on the Cheap, as he did w/the 1st 40%
He's going to stonewall retail investors by keeping S/V( thru his G.S. lackies' efforts) @ the 3.50 level.
He'll try to use siri's borrowed cash that is being pd 4 by siri's investors, to squeeze out the rest of the retailers at the cheapest prices that he can buy the remaining shares 4.
BTW, Don't expect any decent "conversion (buyout) offer"; best he's likely to do is repeat his insulting initial 3.68+, imo, the remaining reets will tell him to stick that where the sun don't shine!!!!!
AND, I do agree, BUT, again, it won't B easy= It's gonna take a long lomg time 4 Malone to get to "THAT" level(perhaps, somewhere between 5+10% retail ownership) whereby he decides to take the leash off + "let it run"
Meanwhile, imo, he's fully content to sit back an gather up 1-2 mil shares per day, which could stretch this project out 4 quite a while.
Looks as if , as usual, there was "no news", But, hey, that's a whole lot better than getting torpedoed, which was also a potential "malone surprise'!!! As stated, "When was the last time that Siri made ANY positive news release", re: its S/V= It HAS a history of not seeming to care 'bout the ongoing comode level of its S/V= LOL!!!
Yesterday and, today's S/V performance is certainly a departure from the previous few weeks, where Siri was totally stagnant @ the 3.50 mark!!! It's as IF someone's expecting Meyer's comments, later on today, to have a "meaningful impact on S/V"
Could there B a bit higher (+slightly less offensive) offer on the table to what now amounts to the less than 15% of shareholders who R Retailers?
Not that likley, BUT, it's STILL a rather noticeable change in s/v!!!
Amen to these comments= The collection of idiots who post here daily R, as U say, morons!
That having been said= just a couple of "views";
A) This so-called "collection of idiots" is quite likely 2-3 morons(@ the most, imo) using a collection of aliases to hide under.
B) These folks r either paid to do this(+, I might add at WMT wages), OR, R quite obviously mentally unstable= what kind of person would spend SOOO time attempting to B so offensive?
IF these 2-3 folks R NOT being pd to do this nonsense, then, imo, they R , @ BEST, mentally unstable= in other words, they help with their mental instability!!
Sirius CEO, Jim Meyer makes a presentation, today, @ the Liberty Investors' meeting!
Wonder if he'll just B "blowing smoke up everyone's rear end", OR, have anything of SUBSTANCE, re: Siri to say?
Scheduled to appear @ aprox 12:30 E.S.T! 'Course, when's the last time that ANY Sirius exec had anything positive to say re: Siri's S/V?
Still, will command a morsel of interest 4 the "remaining 15%" of siri retail shareholders!!!!!!!
Do you recall if, In THAT article, it clarified whether the shares would B bought back @ the 1.87 price, OR the current s/v, whatever THAT may B???? Either way, these shares were initially "lent" to the institutions 4 the express purpose of "shorting" siri's s/v, so, once they have been "re-claimed", it would surely seem to alleviate some of the pressure on s/v via the heavy shorting!!!
Wonder if THESE shares R counted in the bi-monthly share bulletin?
Likely they are, and, will lead to a rather drastic reduction in shorting this company's stock= always good news!!!
Firstly, I ALSO consider myself 2 B a "stock dummy", etc., and, IF siri DOES ascend to the 4.00 level in the next 3-6 mos., that'd B just great!!!
But, Malone has already shown himself to B a penny pincher, as evidenced by his attempting to relieve siri's retail holders @ the 3.68 level 4 what had to B called shares of questionable value!!! Hence, I'M still feeling that he'll continue on this same path pressuring as many retail shareholders as possible, into selling.
'Course, once he's relieved a great many more reets of their shares he may just settle 4 a 4.00ish takeover!
BUT, point being, he'll likely make it as difficult as possible 4 the remaining reets to hold on, given that SOME of them may actually need the cash!! Just saying that this seems to B the current trend, based on Malone's prior actions!!!
IMO, Malone + his "associates" will keep siri's s/v @ the 3.50ish level 4 a long, long time. He'll try to convince the remaining retail shareholders that they're NOT going to get a nickel more than the 3.50 range that he has it locked into!
"Course, when he's run out almost all of the reets, he'll come up with another 3.70ish type of plan to bury the straglers!!
Conversely, what he's likely aware of, by now, is that there R a lot of folks who WILL keep their shares. If they REALL needed the $$ in the first place they'd NEVER have put it in such a speculative stock as Siri!
All of this having been said, it's getting to appear that Malone + the remaining siri retail shareholders will stay the course + make it as challenging 4 ea. other as they can+ they will continue this standoff 4 quite a while= JMO, BUT not as if Malone OR the remaining retail shareholders R in desparate need of $$!!!
Honestly, IMO, it's gonna B stagnant in the 3.50 arena 4 quite a while; Faulkner's "tone" was that the only "real trades", now being executed R those where Malone is using the buyback to "buy out" the retailers. 'Course, he"may B getting 3rd party" help to do so!
Point here, being, that, again, imo, it's gonna B a while, if Malone decides to use HIS tools to lock S/V in @ the 3.50 range= he'll do so until there R so few outstanding shares on the mkt that it'll just take a few hundred mil to garner total control. How long THAT takes is anyone's guess, BUT, @ THAT time he could raise the ante to 5-6.00 per share and get the rest of Siri 4 lunch $$! Just my opinion, BUT, do feel that he's sitting back in his chair watching the slow but steady demise of the reets @ 3.50 per share!
W.Faulkner, Seeking Alpha "blogger", noted yesterday, that less than 15% of outstanding shares R NOW held by "retail shareholders". Stated that it's obvious that Malone is committed to buying out the "weak hands"(retailers)" , using the Siri share buyback program.
It's getting obvious that Malone has decided to give the remaing retail shareholders a 3.50ct "haircut"
Shares have steadily traded in this range and, imo, Malone + his G.S. BUDS will continue "extinguishing" the retailers till he has sole ownership(along with, of course, his 3rd party associates)
Gonna B interesting to see IF Malone + Liberty keep the buyback rock-solid @ 3.50 until the retailers have been ncompletely "flushed out"!!
Loses $$ + THAT is "Good"?
They missed the concensus est. by .16cts AND, "underperformed", vs last year's same qtr by 43 mil. + THAT is supposed to B "good'?
Better get off those meds U R taking, 'cause those figures just earned Liberty(+ Y O U) a 26% loss= Again, kinda hurts? + all of your mis-information type cheerleading doesn't change the FACTS= Time to get back into the real world and stop halucinating 'bout how great Liberty + your daddy Malone R= LMFAO!!!!!
Kinda hurts to lose 26% of your lmca $$= You can cheerlead all U want to, BUT, liberty had a very bad qtr. + was punished, along with its investors, which, in THIS case includes Y O U= All of your mis-information won't get your $$ back; U just got hosed by your daddy, Malone. Again= kinda hurts!!!!
No, THIS time YOU R'E "the TOTALLY Clueless One"!
Liberty posted .10cts eps VS concensus estimates of .26 cts per share. Secondly, they had a "net income", THIS qtr of 33 mil vs. 76 mil 4 the same qtr., last year.
This equals a "Liberty screw-up", Which is clearly exactly what U A R E= A Liberty screw-up LMFAO!!!!
Guess that I'M the only one who noticed a 14000+ trade in p/mkt go thru @ 3.43= the exact low 4 the day thus far= 'Course this is a mere co-incidence= D U H ????
Siri HAS 2 B T H E most screwed with stock on the mkt= barrington releases a positive siri-article, on top of strong Oct auto sales #'s +, siri gets hammered= STILL operates with a total disconnect between oprational metrics and S/V!
Seeking Alpha's, "Crunching Numbers", today, points out that Siri's New "Connected Car "Acquisition" is NOT hitting the $ mark; was supposed to initially generate 100 mil$ and, this year will likely fall short of this target+, as usual, he is "on target"
But, this acquisition was originally made with the future in mind, to give sirius a chance to become a great deal MORE than a mere music+ entertainment device!
Having said THAT, it's a bit curious that C/N picks THIS subject to expand on, TODAY, when the OCT auto sales figures were just released, + they R very strong, which translates into good news 4 Siri's bottom line + which would've seemed to have been a much more "timely article"
C.N. does, however, usually focus on more "cautionary topics, rather than ones that would enhance Siri's overall image! Just saying, You kinda know in advance what the 'tone" of some bloggers articles will B, BEFORE even reading them!
Well, I STILL think that Malone has an "agenda", here. perhaps, as others here have inferred, he's mad "cause his 3.68 offer was rebuffed'! Or, he's just on a mission to get as much of siri as cheaply as he can. Don't know, but still think that he's a "penny pinchin businessman," who's out to get as much as he can 4 the least cost, as we all r!
Either way, IMO, U have given a rather rational approach, + it'll b a matter of time, till Malone eventually "shows his cards"!
IMO, U have presented a well thought out analysis, based on available info. I'm still of the "guarded thought process" that, IF subs R higher, incime is higher, etc., then there is a reason to excercise caution, based on NONE of this getting down to the bottom line!
Tks 4 your "structured" comments!!!