Technology StocksSirius Satellite Radio (SIRI)

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From: Sr K5/12/2016 12:11:00 AM
1 Recommendation   of 8395
Gabelli & Company "soapbox" on Barron's:

Gabelli & Co.
(this afternoon)
We are initiating coverage and we recommend buying Liberty Media SiriusXM Group stock as an arbitrage on Sirius XM Holdings.

Liberty SiriusXM (ticker: LSXMA ) commenced trading on April 18 as a Liberty Media ( LMCA ) tracking stock. Liberty SiriusXM owns 62.8% — about 3.162 billion shares — of Sirius XM ( SIRI ) and has $200 million of net debt.

We estimate that Liberty SiriusXM is trading at a 10% discount on a mark-to-market basis and a 25% discount on a 2016 mark-to-model basis. Investors are effectively buying Sirius XM for $3.51 per share. We anticipate that the discount should shrink as Liberty Media has been simplified and now allows investors to isolate the assets they are more interested in.

SIRI closed at $3.93 down $.05

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From: Sr K7/22/2016 12:21:20 PM
1 Recommendation   of 8395
LSXMA has hit new highs yesterday and today.

High 34.44
Latest 34.32

SIRI 4.195 +.035 after touching the annual high of 4.20

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From: Sr K7/26/2016 9:59:06 AM
   of 8395
In the Q2 report today:

During the quarter, the company spent $403 million to repurchase 102 million shares of its common stock, reducing its average share count by 9%.

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From: Sr K7/26/2016 1:31:16 PM
   of 8395
All-time highs

Liberty SiriusXM Class A

35.58, latest 35.48 +4.54%
volume 789k

Liberty SiriusXM Class B

36.4362, latest 36.4362 +3.95%
volume 11,907

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From: Sr K10/27/2016 9:05:13 AM
   of 8395
October 27, 2016

  • SiriusXM also announced that its Board of Directors declared its first quarterly dividend in the amount of $0.01 per share of common stock payable on November 30, 2016 to stockholders of record as of the close of business on November 9, 2016. The company also announced that the Board of Directors intends to institute a quarterly dividend on its common stock in an aggregate annual amount of $0.04 per share
  • The Board also approved an additional $2 billion of share repurchases,bringing SiriusXM's total repurchase authorization to $10 billion

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    From: Jerseyfish11/1/2016 1:02:41 PM
       of 8395
    “Physical fitness is not only one of the most important keys to a healthy body, it is the basis of dynamic and creative intellectual activity.” ~John F. Kennedy

    Sports Supplement Group, Inc. SRSP

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    From: Sr K11/14/2016 10:34:21 AM
       of 8395
    52-week high

    Highest price since 2002


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    From: Glenn Petersen12/3/2016 10:11:26 AM
    1 Recommendation   of 8395
    Sirius Approaches Pandora’s Board With Takeover Interest

    by Alex Sherman
    @sherman4949 More stories by Alex Sherman
    and Lucas Shaw
    @Lucas_Shaw More stories by Lucas Shaw
    Bloomberg Technology
    December 2, 2016 — 2:42 PM ESTDecember 2, 2016 — 5:44 PM EST

    -- Board hasn’t responded to new engagement from Greg Maffei

    -- Pandora advisers have begun soliciting interest from buyers

    Sirius XM Holdings Inc. Chairman Greg Maffei recently approached Pandora Media Inc.’s board to express renewed interest in a takeover of the Internet radio provider, according to people familiar with the matter, following up on its offer from earlier this year.

    Sirius’s latest approach didn’t include a price for Pandora, said one of the people, who asked not to be named because the discussions are private. Sirius offered about $15 per share to acquire Pandora earlier this year, the person said.

    Pandora hasn’t yet responded to the Sirius approach, the person said. Still, Pandora’s advisers have begun reaching out to other potential suitors, another person said.

    Pandora shares rose earlier Friday after a CNBC report that the company is willing to engage with Sirius. They closed 16 percent higher at $13.33, valuing the company at about $3.1 billion. Sirius fell 5.6 percent to $4.30, giving it a market value of $20.8 billion.

    Pandora hasn’t decided if it will restart talks with Sirius, one of the people said.

    Representatives for Pandora and for Greg Maffei declined to comment. A Sirius spokesman didn’t immediately respond to a request for comment.

    Since Sirius made its first approach, Pandora has taken steps to shake up its business model as it seeks to placate activist investor Corvex Management LP.

    The company hired Centerview Partners LLC to advise on strategic options, people familiar with the matter said in July. Centerview’s role could be expanded to run a sale process with Morgan Stanley for Pandora, the people said at the time.

    Though Pandora dominates the online radio market it pioneered, the company’s growth has slowed in recent years, at the same time as on-demand services Spotify Ltd. and Apple Music have added millions of users.

    Co-founder Tim Westergren, who returned as Pandora’s chief executive officer in March, is trying to almost quadruple sales to $4 billion by 2020 by going into new businesses, such as ticket sales and concert promotion, while converting free users into paying customers.

    The company made three acquisitions last year to diversify beyond online radio, including ticket seller Ticketfly, and is about to introduce a new on-demand service similar to Spotify.

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    From: Sr K12/7/2016 2:21:01 PM
       of 8395
    I heard an advertisement yesterday, offering businesses SiriusXM for Business, with no charge for the receiver.

    Looking for details.


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    From: Sr K1/13/2017 9:25:52 AM
       of 8395
    • NFLX +1.2% (upgraded to Hold at Deutsche Bank)

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