Subject: Re: OXY @ 56 and change?
So my take is lsxmk will in fact disappear and those who own will get 8.3 shares of SIRI for every share of lsxmk, obviously Ted thought LSXMK was a value at higher prices and he has thought so for a very long time. The point of my post was that you could buy cheaper than Ted. SIRI throws off 1.2B of cash each year on a market cap of 12B and historically has used said cash flow to repurchase shares. Do the math, that is a pretty good return if the business stays stable.

The current structure has not been easy to understand, maybe now with one class of shares, a decent dividend and a reasonable valuation we will have a good investment going forward.

Sometimes folks on this board talk about OXY, BAC and other stocks that Warren Buffett has bought I thought it interesting that none care much at all about the other holdings, at least that is my perception.