You falles sure pulled fast one on me !! hee hee !
auauw, gosh !
fooled again ! heheh !
"I just added some at $13.80 "
Well don't look now buddy, but you're down about 9% overall already.
Not sure what anyone could see in this co to buy shares in it. It was a main holding of mine back when they did their IPO and for a while after. Bu they were doing very well back in those days. Not like today
Are you still hoping for the private equity CEO guy to sell the co for a huge premium to the stock price ? LOL
Hang in there..
He's been spot on calling the downside moves on this thing.
What's your beef? Are you long fran from 19 ?
things were rough back then
SIRI will ALWAYS have huge "one-time" expenses..LOL ! ..every quarter they have those pesky "one-times" !! ha !!!
SIRI's capitalization is very complex & convoluted, so the co will always have "one time" expenses that affect earnings. (I love the irony of the "one-times" that keep ocurring every qtr. )
They are also paying income taxes at a rate of over 44%. We used to be told how valuable the $8 billion in NOL's were and how any takeover suitor would just love to have them, even though much of it gets forfeited in a change of ownership.
Regarding the buybacks, they now have enough debt + the expected cash flow to buy back a little less than 4% of the outstanding shares over the next 6- 8 months. I don't really see that as being a game-changer type reason to own or buy the stock, yet many folks seem to think it is.
And don't forget the $980 million or so (at today's PPS) of vested employee stock options, any % of which could come into the float at any time. This is obviously muting the effect of the stock buyback.