Replies to post #28108 on Sirius XM Holdings Inc (SIRI)

[lasers]

There is interesting "street" speculation/rumor that the PPS drop to $3.70 was deliberately setup to enable more shares buyback. $2 bil buyback at $4 is 500 mil shs. $2 bil buyback at $3.70 is 540 mil shs. Fri's Vol 281 mil + Thur's vol 122 mil = 400 mil.

Goldman's Matthew Niknam is sticking to his current 12-month target of $4.25, but the stock is being downgraded from buy to neutral since it has already appreciated substantially since being added to the firm's Americas Buy List -- with an initial $3.50 price target

GS downgrade was because PPS considerable appreciation and not because of anything specific in the results.

Take it for what it is worth.

I bought more and will continue to do so. IMO PPS will be back above $4 soon.

[robtewms]

The not less than number wouldn't make sense unless the number of shares were reached from the top to bottom range. If they didn't have enough shares then of course they would still buy. Right?