HOWARD STERN IS BURNED ON SIRIUS FILING (Link To NY Post) - GoFuckYourself.com

GTS Mark · 01-13-2006, 07:28 AM

January 12, 2006 -- Shock jock Howard Stern and his agent lost more than $1 million yesterday after disclosing they may dump 34.4 million shares in Sirius Satellite Radio. Sirius, Stern's new home, said in a regulatory filing yesterday that Stern and Don Buchwald, his agent, are now free to sell their stock, which is worth close to $200 million.

The news sent shares in Sirius tumbling nearly 6 percent ? shaving off more than $1 million from the value of Stern and Buchwald's holdings.

Last week Sirius said the pair would receive the stock after Sirius met certain subscriber targets...

http://www.nypost.com/business/60186.htm

DH

who · 01-13-2006, 07:30 AM

Seems like he didn't plan this... Unless it takes another dramatic turn and he ends up with even MORE fucking money..

Juicy D. Links · 01-13-2006, 07:32 AM

Dh!!!!!!!!!!!!!!!!!!!!!!!!

Fred Quimby · 01-13-2006, 07:33 AM

Quote:

Originally Posted by who

Seems like he didn't plan this... Unless it takes another dramatic turn and he ends up with even MORE fucking money..

It's an SEC regulation, he must disclose when he sells

with a 1/2 billion in the bank

plus 220 mill as a bonus, you really think he misses the 1 mill?

xclusive · 01-13-2006, 07:35 AM

i'm sure he will be fine

who · 01-13-2006, 07:35 AM

Quote:

Originally Posted by Fred Quimby

It's an SEC regulation, he must disclose when he sells

with a 1/2 billion in the bank

plus 220 mill as a bonus, you really think he misses the 1 mill?

yeah it's not a great deal compared with what he's worth, but in any case, losing $1 million is still losing $1 million...

Mack · 01-13-2006, 08:04 AM

It's very early in the game. This is a long term investment for anyone who has purchased. It's fun to buy and sell and play in the action, but I'm holding and will continue to do so. But with the amount of shares he was given, to not become more diverse would be silly. And the funniest part is this is such a high profile deal that the mere thought of Stern and Buckwald having the freedom to sell some shares has an effect on the market. It will all settle down over time. He lost a million yesterday, we'll see where he is sitting in a year or two. That will start to tell the story.

Forest · 01-13-2006, 08:12 AM

LOL

whats 1m to stern on a 200m stock deal

thats like a dinner out

Matt Collins · 01-13-2006, 08:15 AM

I am sure the stock will recover fine. The bottom line is you have to file the report just to have the right to sell. No matter when the report is filed its going to have a negative impact on the market.

Matt

SomeCreep · 01-13-2006, 08:18 AM

Quote:

Originally Posted by DrinkingHARDER

January 12, 2006 -- Shock jock Howard Stern and his agent lost more than $1 million yesterday after disclosing they may dump 34.4 million shares in Sirius Satellite Radio. Sirius, Stern's new home, said in a regulatory filing yesterday that Stern and Don Buchwald, his agent, are now free to sell their stock, which is worth close to $200 million.

The news sent shares in Sirius tumbling nearly 6 percent ? shaving off more than $1 million from the value of Stern and Buchwald's holdings.

Last week Sirius said the pair would receive the stock after Sirius met certain subscriber targets...

http://www.nypost.com/business/60186.htm

DH

Imagine owning $200,000,000 worth of stock in one company? Most people would be shitting bricks, because he loses huge amounts of money with even tiniest fluctuations. He'd be smart to sell it and put a big chunk of that cash into a more diverse portfolio.

p2p chad · 01-13-2006, 08:20 AM

Even if Stern were to lose it all in this venture, someone would pick him up and he would become even More wealthy! That dudes a figure head now, he can't lose!

AcidMax · 01-13-2006, 08:35 AM

Mel Karmezon (sp?) also just purchased a shitload of shares yesterday and he runs Sirius. I wouldn't read too much into it, maybe howard is investing the money into real estate or something else, you never know.

Nathan · 01-13-2006, 09:00 AM

I might be stupid, but how did he lose $1 mil if he wanted to sell $200 mil worth and the stock fell 6%? Would that not make it more like $12 mil?

I'm kinda confused here... my math might be off though.

Also, NOONE ever said he would SELL the shares. All that was released was that he now _CAN_. I might have missed something there too though.

gornyhuy · 01-13-2006, 09:27 AM

Please... this is SO not a burn. Its standard practice and its a drop in the bucket. Plus he won't sell right away anyway.

$tandaman · 01-13-2006, 10:01 AM

Quote:

Originally Posted by Nathan

I might be stupid, but how did he lose $1 mil if he wanted to sell $200 mil worth and the stock fell 6%? Would that not make it more like $12 mil?

I'm kinda confused here... my math might be off though.

Also, NOONE ever said he would SELL the shares. All that was released was that he now _CAN_. I might have missed something there too though.

Maybe i am stupid too.. but that's exactly the same thing i noticed in the article

uno · 01-13-2006, 10:30 AM

Quote:

Originally Posted by Nathan

I might be stupid, but how did he lose $1 mil if he wanted to sell $200 mil worth and the stock fell 6%? Would that not make it more like $12 mil?

I'm kinda confused here... my math might be off though.

Also, NOONE ever said he would SELL the shares. All that was released was that he now _CAN_. I might have missed something there too though.

Exactly. He hasn't lost jack shit. The stock had a reaction to the fact that he MAY sell his shares. He hasn't actually sold anything. The stock will go back up and continue to grow, as will his profits.

01-13-2006, 07:28 AM	#1
GTS Mark Vrume Mark Industry Role: Join Date: Jan 2001 Location: Toronto, Canada Posts: 20,912	HOWARD STERN IS BURNED ON SIRIUS FILING (Link To NY Post) January 12, 2006 -- Shock jock Howard Stern and his agent lost more than $1 million yesterday after disclosing they may dump 34.4 million shares in Sirius Satellite Radio. Sirius, Stern's new home, said in a regulatory filing yesterday that Stern and Don Buchwald, his agent, are now free to sell their stock, which is worth close to $200 million. The news sent shares in Sirius tumbling nearly 6 percent ? shaving off more than $1 million from the value of Stern and Buchwald's holdings. Last week Sirius said the pair would receive the stock after Sirius met certain subscriber targets... http://www.nypost.com/business/60186.htm DH

01-13-2006, 07:35 AM	#5
xclusive Too lazy to set a custom title Join Date: Apr 2004 Location: Buffalo, NY Posts: 35,218	i'm sure he will be fine __________________ I support MediumPimpin.com / Shemp's Outlawtgp.com /

01-13-2006, 08:15 AM	#9
Matt Collins Confirmed User Join Date: May 2005 Posts: 1,060	I am sure the stock will recover fine. The bottom line is you have to file the report just to have the right to sell. No matter when the report is filed its going to have a negative impact on the market. Matt __________________ Check out Globally Translated!-Translate your sites and join the global economy! MattLaw -The law firm for webmasters and site owners! ICQ: 254-829-586 Who is this Matt guy? Check out the Ambush Interview

01-13-2006, 08:20 AM	#11
p2p chad Confirmed User Join Date: Jan 2006 Location: Toronto, Ontario Posts: 127	Even if Stern were to lose it all in this venture, someone would pick him up and he would become even More wealthy! That dudes a figure head now, he can't lose! __________________ Paysite/Affiliate Program Owners, Let Console Broker Sell Your Exit Traffic For Guaranteed Revenue! ICQ# 309102723 E-mail: [email protected]

01-13-2006, 08:35 AM	#12
AcidMax Confirmed User Join Date: May 2002 Location: MI Posts: 1,827	Mel Karmezon (sp?) also just purchased a shitload of shares yesterday and he runs Sirius. I wouldn't read too much into it, maybe howard is investing the money into real estate or something else, you never know. __________________ Latest MMA news. http://www.mmawrapup.com

01-13-2006, 07:30 AM	#2
who So Fucking Banned Join Date: Aug 2003 Location: ICQ #23642053 Posts: 19,593	Seems like he didn't plan this... Unless it takes another dramatic turn and he ends up with even MORE fucking money..

01-13-2006, 07:32 AM	#3
Juicy D. Links So Fucking Banned Industry Role: Join Date: Apr 2001 Location: N.Y. -Long Island -- Posts: 122,992	Dh!!!!!!!!!!!!!!!!!!!!!!!!

01-13-2006, 08:04 AM	#7
Mack Confirmed User Join Date: Aug 2003 Posts: 1,017	It's very early in the game. This is a long term investment for anyone who has purchased. It's fun to buy and sell and play in the action, but I'm holding and will continue to do so. But with the amount of shares he was given, to not become more diverse would be silly. And the funniest part is this is such a high profile deal that the mere thought of Stern and Buckwald having the freedom to sell some shares has an effect on the market. It will all settle down over time. He lost a million yesterday, we'll see where he is sitting in a year or two. That will start to tell the story.

01-13-2006, 08:12 AM	#8
Forest Confirmed User Industry Role: Join Date: Aug 2001 Location: Hollywood Fl. Posts: 9,120	LOL whats 1m to stern on a 200m stock deal thats like a dinner out

01-13-2006, 09:00 AM	#13
Nathan Confirmed User Industry Role: Join Date: Jul 2003 Posts: 3,108	I might be stupid, but how did he lose $1 mil if he wanted to sell $200 mil worth and the stock fell 6%? Would that not make it more like $12 mil? I'm kinda confused here... my math might be off though. Also, NOONE ever said he would SELL the shares. All that was released was that he now _CAN_. I might have missed something there too though. __________________ "Think about it a little more and you'll agree with me, because you're smart and I'm right." - Charlie Munger Last edited by Nathan; 01-13-2006 at 09:01 AM..

01-13-2006, 09:27 AM	#14
gornyhuy Chafed. Join Date: May 2002 Location: Face Down in Pussy Posts: 18,041	Please... this is SO not a burn. Its standard practice and its a drop in the bucket. Plus he won't sell right away anyway. __________________ icq:159548293