Smart man or sell out? I know you guys love him, but does it say anything other than him being fiscally smart?
http://abclocal.go.com/wpvi/story?se...ent&id=3803944
http://abclocal.go.com/wpvi/story?se...ent&id=3803944
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NEW YORK-January 12, 2006 - Shock jock Howard Stern has been on the air at Sirius Satellite Radio just since Monday. But a filing indicates that he could sell some of the nearly $200 million in Sirius stock he got as part of his five-year-deal with the company.
The company disclosed last week that it was giving Stern and his agent 34 million shares of stock because it had already reached certain undisclosed targets for subscriber growth under the deal.
A new regulatory filing from Sirius says that Stern and his agent are giving notice that they could sell some or all of their shares at any time. It's not yet clear when or how much they will sell.
Sirius has said the total deal is worth about $100 million dollars a year over five years, or about $500 million.
Because Sirius' share price has roughly doubled since the deal with Stern was announced, the $110 million in stock Stern was due to receive is now worth around $200 million at today's prices. That brings his total compensation package, from which the costs of the show must also be funded, to around $600 million.
read much? -
I read it, so? Why not hold it? No faith? Quick and easy money?
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it says he "could", not that he willComment
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damn smart - nothing official announced - take a small part of the stock and invest the $ and invest in other shit
RIP TDComment
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hype.... hype... and more hype.
The stock will go up even more now.Comment
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Dumbasses - if you were sitting on half a BILLION in stock in ONE FUCKING COMPANY don't you think you'd cash some out and diversify some. Its common sense and common practice among corporate execs.
icq:159548293Comment
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the real laugh for me is that none of you know what an SEC Filing is.
if you only knew.
ROFL!Comment
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You're talking to the eggs in one basket crowdOriginally posted by gornyhuy
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SIRI is so far overvalued that if I owned any shares today, I would sell them all and hope that I got out before everyone else.Originally posted by mardigrasYou're talking to the eggs in one basket crowdComment
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Shares are at this price and the company losing money...No way it could go down when they will make money its just comon sense.
Plus he is intelligent to sell stock now to diversify and tax purposesItsyourporn_Mich | ICQ: 295-217-701 | mich at itsyourporn dot com
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Do your DD. He has to file that so HE CAN sell if he needs to. He may have to sell a position to cover over 40 million in taxes that he has to pay for receiving the stock. This does not mean he will sell the entire position. This was part of the reason the amateur stock holders panicked and sold off their positions yesterday.
I bought more. It was a fire sale on unfounded information. Today things have been clarified and the stock is up over 4%. Not to mention Mel (the CEO) just bought 1 million shares at market price with his own money. Thats a very bullish signal.Living in Virtual Reality
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Plus I heard that Mel Karmazin bought 1 million shares today...This is a very good sign ;)Itsyourporn_Mich | ICQ: 295-217-701 | mich at itsyourporn dot com
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Originally posted by Hey You . . . I Know You!
It was overvalued about 9 months ago....not anymore.
Lets see, SIRI has over 3 million subscribers and right now is sitting at $6.38
XMSR has over 5 million subscribers and is sitting at $29.31
SIRI is adding over 80,000 suscribers a day now.
Who is overvalued?Comment
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I lived in DC when he was there and never really cared for him after the plane crashed into the 14th St. bridge, he call Air Florida and asked "How much is a trip to the 14th St. bridge?"
You can read it all HERE. They say it made the top 10 most controversial moments of Stern's career at # 10.
10. D.C. PLANE CRASH INCIDENT
It was 1982, and Stern was working at radio station DC101 in Washington, D.C.; relatively unknown outside of local radio. On Jan. 13, an Air Florida plane that took off from Washington National Airport crashed into the nearby 14th Street Bridge, killing 74 people. The next day, Stern poked fun at the crash on his show and called Air Florida to ask what the fare was for a one-way ticket from the National Airport to the 14th Street Bridge. The resulting controversy and other incidents led to Stern being fired from the station six months later.
OMG now you all know I'm old as shit!
You can see the bridge HERELast edited by TurboAngel; 01-12-2006, 08:35 AM.Comment
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It was only not funny to people who lived there, everyone else was laughingComment
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I don't think he was laughing when he got the boot from D.C..
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I think hiring Stern was a brilliant move for Sirius. It brought instant credibility and brand awareness to a company that was a distant second in the market and losing ground every day.
It wasn't that long ago that the question was how long until Sirius went under...now the question is how long until Sirius overtakes XM?
I respect the company and its management for what's its done. Helluva job!
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take profits while you can...Originally posted by Veterans DayI read it, so? Why not hold it? No faith? Quick and easy money?Comment
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Exactly.Originally posted by Furious_Male
Its the smart move, now he can sell when he wants to.Truth TellerComment
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i cant blame himComment
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Originally posted by TurboAngelI don't think he was laughing when he got the boot from D.C..
yeah but who is laughing now?
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SIRI has a Market Cap: 8.47B, XMSR is only: 6.51BOriginally posted by ShokRainbow Revenue- The BEST Gay Conversions
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That is exactly right.Originally posted by davethetruth
Furthermore, I believe xm is a lot closer to being profitable than siri.
A long time ago I read an article that tried to estimate the number of subscribers siri would need to justify the market cap. It was over 40 million subscribers (I think). They have 3 million.Comment
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This is true cause I just laughed. It's the first time I heard the story.Originally posted by Shok
I've trusted my sites to them for over a decade...
Webair, bitches.Comment
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Originally posted by Veterans DayI read it, so? Why not hold it? No faith? Quick and easy money?
Why do you hate AMERICA ... oups ... I mean HOWARD STERN ...I know that Asspimple is stoopid ... As he says, it is a FACT !
But I can't figure out how he can breathe or type , at the same time ....Comment
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Take the $ and run, look at Marc Cuban.Sig too big
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If you just made $100M.. would you be 'holding out' to make that next 50M? or 100M?Originally posted by Veterans DayI read it, so? Why not hold it? No faith? Quick and easy money?I died.Comment
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I have to make a correction to this.Originally posted by Furious_Male
It is 90 million dollars in taxes. When you get a big gift like that Uncle Sam wants his cut. I am sure he will sell enough of the position to pay the taxes. That is all.Living in Virtual Reality
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The last phrase says that the cost of the show has to be funded out of this money, so he will be selling some stock.PornGuy skype me pornguy_epic
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