Starr excercise is good news in my book, better than a cashless conversion. Shows they want more shares and see the long term picture, they aren't worried. Plus the extra $10 million CCME now has can help pay the dividend.
Still hasn't stopped the shorts though, shares available is down to 200k from 500k yesterday. Lets see what happens next week.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.