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dcollon

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    "Macro" Musings

    in General Discussion

    Posted

    I just read the below comments by Dr. Marc Faber and had to share them since they made me laugh... a lot.

     

    Dr. Marc Faber, the investment guru, concluded his monthly bulletin  with the following comments! :

     

    "The federal government is sending each of us a $600 rebate. If we spend that money at Wal-Mart, the money goes to China . If we spend it on gasoline it goes to the Arabs. If we buy a computer, it will go to India . If we purchase fruits and vegetables it will go to Mexico , Honduras and Guatemala . If we purchase a good car, it will go to Germany  and Japan . If we purchase useless crap, it will go to Taiwan . In short, none of it will help the American economy.

     

    The only way to keep that money here at home is to spend it on prostitutes and beer, since these are the only products still produced in the US .

    I've been doing my part....."

     

    Liberty Media

    in General Discussion

    Posted

    This is nice to see:

     

    Sirius XM Radio announces $2B stock repurchase program and special cash dividend of $0.05/share

    Thursday, December 06, 2012 01:03:44 PM (GMT)

     

     

    The board has approved a $2B common stock repurchase program.

    Liberty Media Corporation, the beneficial owner of approximately 49.8% of the company's stock, has indicated that it will participate in the company's share repurchases on a pro rata basis so that its relative ownership interest will not be affected by the program.

    The company will fund the repurchases through cash on hand, future cash flow from operations and borrowings under its revolving credit facility.

    The board also declared a special cash dividend in the amount of $0.05 per share of common stock, payable 28-Dec; record 18-Dec.

    The company's preferred stock will participate in the dividend on an as-converted basis in accordance with its terms.

    The total amount of the cash dividend is expected to be approximately $325M.

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