Sinking as we speak.
With dividend of $.10/quarter at $10 this stock pays 4% and has explosive upside. Blue Horseshoe says BUY!
Like all of the garbage you post on this board, the estimate that I found was B. Riley's and it was for a bit less than the company earned. Of course you also didn't note that the number includes the costs of integration of their acquisition.
Coming the day before earnings announcement, I would just guess that they are comfortable that the quarter they will report will confirm the bullish outlook for the upcoming 6-12 months based on their contract wins and backlog. GLTA
Love that AA+ Rating. 30 year money at 4.55% ...they should take all they can get. Immediately accretive for almost any use. This, combined with the IPO in the next 30-45 days (see if you can get some from your broker) and then the "spin" in 2015 are all starting to be realized by Mr. Market...so here we go!!
Stock price will be held hostage to this ratio until either the offer is increased or the deal breaks.
I will gladly bet you a steak dinner that this is in the red right from the outset and stays that way. In fact, I expect it to lurch down about $2.5-$.30 today and then slowly bleed for the next 4-6 weeks as people shift large positions out (not the most liquid stock to get out of). With a blazing market, no one is in the mood for "wait till next year."
I think your "background" info on AWRE is needed on a thread on SeekingAlpha which has just been updated for their most recent report. They are requesting some history and also info on the "lost patents."
They also have 500,000 shares of LMCA, so they have mixed loyalties in this battle!!
And the investment bankers they had advising them. Rank amateurs in my opinion.
Could be that if the offer is pulled the stock will crater. Analysts were not happy with last Q and if the offer does not go through it leaves the company in a peculiar position where institutions may decide they don't want to find out about the next offer from Malone in a year where they get raped.
Doubt it...saving it all for the insiders to bleed out over the next 10 years. Why would you invest in a company that won't even talk to its shareholders?? Everybody is trying to guess what they are doing. What kind of bogus operation is this? RUN.....FAST
One can look at a half full glass in that Apple reached into its pocket and shelled out $14B over the past two weeks; one can look at a half empty glass and wonder what the share price would look like today if they hadn't propped up the price with 28,000,000 on the buy side in just two weeks. Scary to contemplate.
My interpretation is more half-empty. What happens when the buying stops.
They have been winning "awards" for 5 years; unfortunately the shareholders have not benefitted from them.
DEAD Money waiting for a better offer as the stock price already reflects it.
It all of these insiders are dumping, I can't believe they expect this to be worth a lot more in a year.
Don't forget the number of shares because it is critical. The way the offer was constructed and presented, you will receive .02533 shares of what is now Liberty A stock for each share of SIRI you own. At today's closing price of Liberty A, the stock you receive will be worth about $3.45. However, at the time the offer was made, Liberty A was about $10 higher and the value for SIRI was around $3.68. When the deal closes the value will depend on the price of Liberty A on the day of closing. If it is much higher, then the value for the Sirius stock will be higher and if it is lower then it will also be lower for Sirius's value. However, there is a good chance this ratio of .02533 could be increased based on the negotiations between the independent committee (representing Sirius holders) and Liberty. If they increase it 10% ( possible outcome)...then the ratio would go to .027863. If Liberty A were to close at $150 with that ratio you would get value of $4.18. However if Liberty A is the price it closed at today, you would get about $3.79-$3.80 in value. There is no firm $ value for Siriius...it will be determined by the price of Liberty A on the day all of the stocks are converted and the Liberty A and B distributions of Liberty C takes place.
I am not sure I understand this....We do not get cash, but get stock only??
I am surprised that Booth, White, Rosenthal etc., are anywhere near this company. By any measure of the balance sheet they are insolvent. There are huge personal liabilities (not mitigated by D & O insurance if they are in violation) in continuing to operate a company when it is known by those insiders that the company is insolvent. They will wind up PERSONALLY paying millions of dollars if they continue.
ALL OF THE ABOVE is my opinion based on fairly good knowledge of bankruptcy law.