Net income for Sirius increased 31% to $493 million. True to form, Malone takes as much free cash flow as he can find and uses it to repurchase stock — $2.5 billion worth in 2014.
Liberty Interactive is flush with $3.43 billion in cash, and has low-cost debt of $7.5 billion.
There’s no way to interpret these numbers other than to note that cash flow continues to roar through the Liberty machine, just as Malone intends. The stock price is still somehow only 90% of NAV. I will never understand why the market doesn’t reward Sirius.
I think you can buy either of these amazing companies and do quite well over the long term.
How am I doin?
Wait I forgot the yo-yo crowd that posts on a daily basis wanted no part of it. Not to worry i'm makin a bundle on it. It's only money.
In fact the family had a nice day indeed.
Why would you pay for the fight when it's free the next day? Haven't missed a PPV in years. Haven't paid for one either.
Why post this here? Because the CLUELESS yo-yo's that post here on a daily basis tried to say Malone lowballed it. WHA? LYV was goin to be part of the C class assets. It's only doubled. Don't worry about me! I was in before the offer. Had the yo-yo's taken the offer SIRI would be past 5 goin to 6. Oh well. Leave the money makin us real investors. Stay CLUELESS. ENJOY
Follow the money and you make money. Watch for LGF news with STRZA.
Money goes to money. Tks John for all the wealth you create.
The CLUELESS yo-yo crowd wanted no part of these assets as they were to be included in the C class shares as part of Malones offer. The yo-yo's said it was a lowball offer. LYV only up 80% since then. Stay CLUELESS yo-yo's
There's always a bull somewhere in the Liberty family.
You need to excuse 90% of the board when it comes to mental patients. They think Malone is there enemy. CLUELESS yo-yo's. And the best part is only in America will they still make money.
You bet against Malone and you lose.
You don't attract the attention of Liberty Media chairman John Malone without some cards to play, and for a company that has had a mixed track record over the years—and even flirted with bankruptcy—Sirius has some short- and long-term levers that could work to its advantage, even as the in-car competition heats up.
I can tell you this Kaiser it will be much more beneficial to LBRDA-LBRDK if he closes the TWX deal. I say the chances are very high of that. Also the feds will let the deal go thru. This is very SWEET indeed.
What a second half it should be.