Liberty Media And Sirius XM: Joined At The Hip

Tue, 06/12/2012 - 06:00 EDT - Seeking Alpha

By Little Apple:This week-end I wrote an article about Sirius XM (SIRI), and warned investors that the stock might dip this week if CEO Mel Karmazin sells another chunk of his 'charitable' shares/options. Seeking Alpha member "ses" challenged me to investigate the ownership of Liberty Media (LMCA), which owns 46.2% of the satellite company. Are they institutions, hedge funds, or retail owners? Do some of them own both companies?Sirius is the largest investment that Liberty has, and when its share price is down, it drags Liberty down. I decided to check it out, and I was really surprised with the results over the last five years:To say the two are joined at the hip would be a major understatement. As I said in the other article, I do not think that Liberty is intentionally trying to drive the Sirius XM price down. This would be like literally shooting yourself inComplete Story »

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Liberty Media And Sirius XM: Joined At The Hip

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