Finally!, SIRI’s fall from Grace occurred. Perhaps the manipulators got wind that I would be traveling yesterday. Who knows? I think the weakness was more tied to a surprise Chrysler plant closure, or possible tensions resulting from the super-secretive UAW / Ford negotiations, but what do I know? I wrote dozens of articles on $1.41 being...
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Today, it seems ubiquitously accepted that the American economy is weak, and that it’s a foregone conclusion that we’re headed into economic oblivion. We have a bad day in the stock market and Chicken Little shows up everywhere bemoaning our demise and lamenting about our dismal futures. Besieged by all this bad news, it...
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For the past year, I have written in great detail of the likely route that Liberty Media will take in the form of a Reverse Morris Trust. Suddenly this hot topic issue is being discussed by many other experts, whom of course fail to mention the source of their information is yours truly. I...
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It’s been an interesting week thus far with the big three automakers and the U.A.W., and it appears now that the tentative deal reached with General Motors will be ratified, with the official announcement to come today. Reports on the Ford negotiations appear promising as well, with insiders leaking positive remarks and hinting that...
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In this report I will seek to answer questions regarding Sirius XM’s valuation, explaining each in detail. Let me type this slowly for those that are having trouble keeping up…SIRI, like every media company, is valued based on EV/EBITDA, which is its Enterprise Value (EV) divided by its Earnings Before Interest, Taxes, Depreciation & Amortization (E.B.I.T.D.A),...
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Schaeffer’s Research: Elizabeth Harrow (eharrow@sir-inc.com) 9/26/2011 9:59:17 AM Options traders on Friday favored calls over puts on SIRI Options players gravitated toward bullish bets on Sirius XM Radio Inc. (SIRI – 1.70) last Friday, according to data from the major exchanges. During the course of the session, speculators on the International Securities Exchange (ISE),...
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