When looking at the satellite radio space, there is actually more than one choice an investor can make. The "pure" investment is a play in SiriusXM (SIRI) directly. Another choice investors have is investing into Liberty SiriusXM (LSXMA) (LSXMK). Liberty Media controls 71% of SiriusXM stock and that stock is represented by SiriusXM trackers. Tracking stocks usually trade at a discount to the underlying equity. On that basis alone, there is sometimes value in a tracker. However, if that discount becomes too big, there could actually be extreme value.
The way to play a satellite radio investment may differ depending on your situation. If you are already invested into SiriusXM, then you could have tax implications by selling off a SiriusXM stake to buy Liberty. Those implications need to be weighed carefully. That being said, the discount in the Liberty trackers is wide enough that such a move could be worthwhile.
At the moment the Liberty trackers are trading at a 30% discount to the underlying stock of SiriusXM. This represents about $5.3 billion in untapped value. If the Liberty tracer were trading on par with SiriusXM, the stock would be trading at $60 per share instead of the $45 per share it currently trades at. Now, as stated, some level of discount should be anticipated, so let's crunch some numbers.
Top 5 Heal Care Stocks To Own For 2018: Diodes Incorporated(DIOD)
Advisors' Opinion:- [By Shane Hupp]
Get a free copy of the Zacks research report on Diodes (DIOD)
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- [By Max Byerly]
Get a free copy of the Zacks research report on Diodes (DIOD)
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- [By Joseph Griffin]
Diodes Incorporated (NASDAQ:DIOD) VP Francis Tang sold 8,600 shares of the company’s stock in a transaction dated Wednesday, May 16th. The stock was sold at an average price of $33.41, for a total value of $287,326.00. Following the completion of the transaction, the vice president now directly owns 86,279 shares of the company’s stock, valued at approximately $2,882,581.39. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Top 5 Heal Care Stocks To Own For 2018: Transdigm Group Incorporated(TDG)
Advisors' Opinion:- [By Shane Hupp]
TransDigm Group (NYSE:TDG) insider Roger Jones sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, May 17th. The stock was sold at an average price of $323.78, for a total value of $1,618,900.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
- [By Joseph Griffin]
Astronics (NASDAQ: ATRO) and TransDigm Group (NYSE:TDG) are both aerospace companies, but which is the superior investment? We will compare the two businesses based on the strength of their institutional ownership, earnings, dividends, profitability, risk, valuation and analyst recommendations.
Top 5 Heal Care Stocks To Own For 2018: Carpenter Technology Corporation(CRS)
Advisors' Opinion:- [By Logan Wallace]
Carpenter Technology Co. (NYSE:CRS) VP Timothy Lain sold 1,007 shares of the firm’s stock in a transaction that occurred on Friday, May 4th. The stock was sold at an average price of $55.00, for a total transaction of $55,385.00. Following the completion of the transaction, the vice president now directly owns 11,288 shares of the company’s stock, valued at $620,840. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Top 5 Heal Care Stocks To Own For 2018: CSG Systems International Inc.(CSGS)
Advisors' Opinion:- [By Joseph Griffin]
CSG International (NASDAQ:CSGS) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Saturday.
Top 5 Heal Care Stocks To Own For 2018: Ardelyx, Inc.(ARDX)
Advisors' Opinion:- [By Lisa Levin]
Ardelyx, Inc. (NASDAQ: ARDX) shares dropped 17 percent to $4.675 after announcing a $50 million common stock offering.
Shares of Dycom Industries, Inc. (NYSE: DY) were down 17 percent to $96.24 after the company reported weaker-than-expected results for its third quarter and lowered its FY19 outlook.
- [By Lisa Levin]
Check out these big penny stock gainers and losers
Losers Sesen Bio, Inc. (NASDAQ: SESN) fell 21.7 percent to $2.35 in pre-market trading after dropping 23.00 percent on Monday. Libbey Inc. (NYSE: LBY) shares fell 18 percent to $5.61 in pre-market trading after the company announced the suspension of its quarterly dividend. The company cited the prioritization of debt reduction and strategic investments as a reason for the move. Dycom Industries, Inc. (NYSE: DY) fell 12.8 percent to $101.31 in pre-market trading after the company reported weaker-than-expected results for its third quarter and lowered its FY19 outlook. Pure Storage, Inc. (NYSE: PSTG) fell 9.9 percent to $21.25 in pre-market trading despite reporting a first-quarter earnings and sales beat. The company issued relatively in-line second quarter sales and earnings guidance. Ardelyx Inc (NASDAQ: ARDX) shares fell 8.9 percent to $5.15 in pre-market trading after announcing a $50 million common stock offering. GSV Capital Corp. (NASDAQ: GSVC) shares fell 8.8 percent to $6.40 in pre-market trading after dropping 2.09 percent on Monday. Melinta Therapeutics, Inc. (NASDAQ: MLNT) fell 8.2 percent to $6.70 in pre-market trading after the company disclosed a $75 million common stock offering. Altice USA, Inc. (NYSE: ATUS) shares fell 4.1 percent to $18.90 in pre-market trading after dropping 4.78 percent on Monday. Clearwater Paper Corporation (NYSE: CLW) shares fell 4 percent to $25.25 in pre-market trading. SailPoint Technologies Holdings, Inc. (NYSE: SAIL) fell 3.4 percent to $21.68 in pre-market trading following announcement of 15 million share follow-on offering. Juniper Networks, Inc. (NYSE: JNPR) shares fell 3.3 percent to $26.10 in pre-market trading. Advance Auto Parts, Inc. (NYSE: AAP) fell 2.5 percent to - [By Lisa Levin]
Ardelyx, Inc. (NASDAQ: ARDX) was down, falling around 13 percent to $3.945. Ardelyx priced its 12.5 million share offering at $4.00 per share.
Commodities
- [By Lisa Levin]
Check out these big penny stock gainers and losers
Losers Forward Pharma A/S (NASDAQ: FWP) fell 15.2 percent to $3.51 in pre-market trading after surging 88.18 percent on Tuesday. Pfenex Inc. (NASDAQ: PFNX) shares fell 15 percent to $5.85 in pre-market trading after the company announced an offering of common stock. Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) fell 17.6 percent to $47.75 in pre-market trading after the company reported downbeat results for its first quarter and issued a weak earnings forecast for the second quarter. Container Store Group, Inc. (NYSE: TCS) fell 13 percent to $7.15 in pre-market trading after reporting weaker-than-expected earnings for its fourth quarter. Ardelyx, Inc. (NASDAQ: ARDX) shares fell 12.1 percent to $4.00 in pre-market trading after reporting pricing of public offering of common stock. Boston Scientific Corporation (NYSE: BSX) shares fell 9.8 percent to $27.31 in pre-market trading. Turkcell Iletisim Hizmetleri A.S. (NYSE: TKC) fell 6.5 percent to $6.60 in pre-market trading. Target Corporation (NYSE: TGT) shares fell 5.8 percent to $71.02 in pre-market trading. Target reported weaker-than-expected earnings for its first quarter, while sales exceeded estimates. PBF Energy Inc. (NYSE: PBF) shares fell 5.7 percent to $42.42 in pre-market trading - [By Brian Orelli]
Shares of Ardelyx (NASDAQ:ARDX) got smacked down 19.5% on Tuesday after announcing that it was raising cash two different ways after the bell yesterday.
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