While some of what you say is indeed the case, I disagree with some of it. First, it may not be a matter of Malone being unwilling to pay more; it could be a matter of his realizing that the price he would have to pay is too high. He only wants cheap deals, and unless he sweetened the deal substantially, he would find it unlikely to pass.
The revenue base is still growing at more than 10% year-over-year, so the stock should still carry a premium. My disappointment has been with not seeing more of the revenues go to the bottom line. At some point in time I would expect that to happen, but both the PE and PS are well above market averages, and should be coming down if growth does slow down. This means that the stock should also return somewhat to the market means in these respects. However, overall, not being taken over by Liberty should be a plus. This company running independently has more potential than as part of the Liberty conglomerate. The market should quickly digest the news, and the stock should start appreciating once again. However, I wouldn't expect a major run until all the dust settles. I suspect something else is in the cards. I would have sold a while back were it not for the very high taxes I would have to pay. Instead I sold five dollar calls.
I saw you eating out of a dumpster down the street. They kicked you out for trying to gorge on the samples.
K-1 are a specialty for those who prepare taxes. I work in the field and I do not like them. You can actually end up with a tax related profit when you received no income at all.
I invested in SPH years ago, a small sum, because of the high dividend, and never received a K-1. So last year I put some money back into it again. I was surprised to get a K-1. Since I invest highly diversified, I wasn't aware that it was actually a partnership. Now I am out of it. I do not put my money in outfits that issue K-1s, except by mistake.
That's a lie. Look at the chart. If you pick another day, more recent, it would be true that the averages have outperformed SIRI. But being outperformed by the averages does not constitute deal money. Dead money is when there is no progress at all or the stock is down. If you pick a much more recent day that would be true. But stocks and averages all go up and down, and so, if you pick your dates, you can find dead money everywhere. However, SIRI is not dead money to me since I bought a considerable amount at less than 1/10th current price. I would have a very big tax bite is I sold, and so I might as well stay put since I believe in the future of the company.
I did more than 100 trades last year. About 25 for my own account; nearly one hundred for another individual, and several for a small private corporation in which I am one of the stockholders. I check the market practically every day, but I do not think of myself as a full time trader. I do many other things. I've been an investors since the mid 1970s.
What wrong with you? Didn't take your meds? Your comments are so worthless, they are not worth addressing.
SIRI: PE = 46.99, PS = 5.85
P: PE = Negative, PS = 11.58
I sure wish the market gave SIRI the same kind of enthusiastic backing. It would be trading near $20.
This is absurd. Sure the company is maturing, but the market should not be taking the future value away so fast. The PS ttm is down by about a third fro the top of late last year. Investors must think that this is a shoe in for Malone. I really cannot sell because of the huge profits would create a large tax liability, and I still believe that there is some future here.
I sold puts short at $5. This somewhat reminds me of Pier One Imports several years ago. The situation here is no where near as bad, so I do not expect the stock to move into penny land, but a ten bagger seems quite possible several years down the line.
....... they are gladly welcomed.
I agree that SIRI was never in danger of imminent. What I find strange is that nobody else tried to come to the rescue and offer a better deal than Malone. It also makes no sense that Karmazin, knowing the financial did not seek to better the debt structure by having provided a secondary offering of stock long before the deal went through. It looks like he purposely was taking the company to the edge so that he could handed over to someone like Malone. The past history between all these major players should be investigated. Karmazin could have made a secondary offering of about 200 million shares at around $4 back in 2007-08, and the whole melodrama could have been avoided. This are supposedly true professionals, capable of properly analyzing situations. They did not. Actually, they did. They just had hidden agendas. Can these be uncovered?
Revenues beat by 18 million. Take the one time item out of the expenses and income is higher too. Growth rate year-over-year and quarter-over-quarter is in the low double digits on an annualized basis, so why is the stock down in the face of such a strong quarter? And the assumption has to be that management did all within its power to keep the numbers down. Malone should have to raise his bid.
Those who come here to criticize have no understanding of what is going on with Apple. It is a mature company with a great product line, trading around a PE of 12, 13 and a PS of 2.5. It is doing what it is supposed to do. It is the largest player in its industry. If you are unhappy with it because it is no longer growing exponentially, forget it. Go elsewhere. Invest in a smallcompany and don't expect Apple to behave in any other way that what it is doing.