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)
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)
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The Motley Fool owns shares of priceline.com. Motley Fool newsletter services have recommended buying shares of priceline.com. The Motley Fool has a disclosure policy. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.
Longtime Fool contributor Rick Munarriz calls them as he sees them. He owns shares of Liberty Media and Jamba and is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early.