Liberty Media
John Malone's eclectic holding company already had a 40% preferred share stake in Sirius XM Radio
Sirius XM investors who were hoping for a juicy buyout premium may be out of luck in the near term, but that doesn't mean patience won't pay off in the long run. Without an outright acquisition, the premium-radio leader will be able to continue appreciating in value as it grows its subscriber base and bottom line in this very scalable model.
Briefly in the news
And now let's take a quick look at some of the other stories that shaped our week.
- Jamba Juice parent Jamba
posted a healthy 12.7% spike in comps at its company-owned stores in its latest quarter. The economy must be improving if folks aren't backing away from paying a premium for vitamin-boosted smoothies.(Nasdaq: JMBA) -
Avon
shot down a buyout offer at $23.25 a share, but this week it received a proposal to take the company out at $24.75 a share. Will it hold out for more? I thought Avon reps were good at closing sales.(NYSE: AVP) - Some streaks are just impressive, as priceline.com
has now beaten Wall Street's profit targets for 24 quarters in a row. Did you know that more than 80% of Priceline's bookings are now international? Talk about being a globetrotter.(Nasdaq: PCLN)
Moving on
Now that you've had a glimpse of the past, let's delve into the future. A new report details the latest Rule Breaking multibagger that has earned Fool co-founder David Gardner's attention. The report is free, and you're closer to it than you might think. Check it out now.