Saturday links: inefficiency and innovation
The weekend is a great time to catch up on some longer items that we passed up on during the week. Thanks for checking in. Investing Why financial markets are inefficient.  (voxEU) Public pensions continue to dive even deeper into private equity.  (WSJ) Innovation On the dangers of being too innovative.  (Falkenblog) Is the world running out of life altering innovations?  (Economist) Companies How LinkedIn ($LNKD) broke the mold on its way to 200 million users.  (Pando Daily) How the ICE ($ICE) went from nothing to the presumed owner of th
http://feedproxy.google.com/~r/abnormalreturns/~3/QkKO9wxxx-I/ 2013-01-26 07:06:41 PST

Royalty Decision Sends Sirius XM Soaring
By Spencer Osborne: If you are invested in Sirius XM (SIRI) you are well aware that the company pays out a hefty sum in royalties. You would also be aware that a few years ago the company was able to garner a reduced rate when in its most dire financial situation. That was then. This is now.The issue of Sirius XM's royalties has been before the Copyright Royalty Board for some time and a long awaited decision was expected today. The atmosphere was tense, and whether investors realized it or not there was a lot hinged on that decision. In fact,
http://seekingalpha.com/article/1065901-royalty-decision-sends-sirius-xm-soaring?source=feed 2012-12-14 16:57:22 PST

Sirius XM Shorts Squeezed Badly
By Stephen Faulkner:"I told you so!"The perfect storm has hit in full force and shares of Sirius XM (SIRI) skyrocketed in the last few minutes of trading, running up from the day's low of $2.68 to close at $2.89, a 21 cent rise on massive volume at the end of the day.Better yet? After hours shares have hit a high of $3.06 on continuing high volume as I type this.If you're an investor in Sirius XM, and you did not bail on your shares today on the ex dividend date, you may be a bit more than excited at this point. (click to enlarge) For those w
http://seekingalpha.com/article/1065811-sirius-xm-shorts-squeezed-badly?source=feed 2012-12-14 16:16:55 PST

Buy Nuance Communications For These Reasons
By Modernist: Relative Valuation Having recently turned a corner in profitability, Nuance (NUAN) trades at a PEG ratio of 0.0762. For reference, Apple (AAPL) has a PEG of 0.2012. Nuance is 1/60th the size of Apple.Nuance has an EV/EBITDA TTM of 25.07. Amazon's (AMZN) is 47.55.Nuance has a Price/Sales ratio of 4.075. Salesforce's (CRM) is 8.137.Unlike the three comparables mentioned, Nuance has an effective monopoly in its core business, which is speech recognition. Such hyper-specialization in core business often results in fragility. But the
http://seekingalpha.com/article/1065511-buy-nuance-communications-for-these-reasons?source=feed 2012-12-14 14:07:57 PST

Sirius XM: $2 Billion In Share BuyBacks, Improving Auto Sales And Robust Cash Flows
BySmart Equity : Shares of Sirius XM Radio Inc. (SIRI) have had quite a run over the last five months, gaining 35%. The company has a robust cash flow profile, thanks to its operating metrics that are improving consistently. It is well on track to achieving its net subscriber additions target for the full year of 1.8 million subscribers and may even beat it, based on its latest filed results. Key catalysts for the stock are improving auto sales and the recent share repurchase program. SIRI looks attractive on valuations and the long-term earnin
http://seekingalpha.com/article/1063811-sirius-xm-2-billion-in-share-buybacks-improving-auto-sales-and-robust-cash-flows?source=feed 2012-12-13 17:39:33 PST

Sirius XM's Dividend: Automatic Buying Pressure?
By Stephen Faulkner:Recently I wrote about the potential for a short squeeze in shares of Sirius XM (SIRI) due to the recent declaration of a one time special dividend of $0.05. With an ex dividend date of December 14th and a pay out date of December 28th, these become two dates for Sirius XM investors to keep in mind.First, the ex dividend date of December 14th is important because of the reasons explained within my article here. Namely, shorts will be on the hook to pay the dividend on the borrowed shares. Because a short holder borrows his o
http://seekingalpha.com/article/1063651-sirius-xm-s-dividend-automatic-buying-pressure?source=feed 2012-12-13 16:08:29 PST

Is Sirius XM Radio Ready to Break Higher?
Option bulls have converged on Sirius XM Radio Inc (NASDAQ:SIRI - 2.80) today and are targeting short-term upside in the shares...(Read More)
http://www.schaeffersresearch.com/marketcenters/optionscenter/content/is+sirius+xm+radio+ready+to+break+higher/default.aspx?ID=114060&utm_source=rssfeed&utm_medium=rss&utm_content=dailyoptionsblog&utm_campaign=marketcenterfeed&c=obsfee 2012-12-13 12:45:00 PST

More Good News For Sirius XM
By Little Apple:The newest short interest totals for Sirius XM (SIRI) have just been released on Tuesday December 11, and they are the highest they have been in over a year at a whooping 339,089,166 shares according to nasdaq.com: Settlement Date Short Interest Avg Daily Share Volume Days To Cover 11/30/2012 339,089,166 66,204,795 5.121822 11/15/2012 296,274,375 77,234,323 3.836045 10/31/2012 297,872,278 89,227,709 3.338338 10/15/2012 274,885,838
http://seekingalpha.com/article/1060431-more-good-news-for-sirius-xm?source=feed 2012-12-12 12:49:08 PST

Sirius XM: Investing For A 25% Gain
By Crunching Numbers:Sirius XM Radio (SIRI) has certainly been a volatile stock over the past two years. The shares began 2011 at $1.63, rose 50% to $2.44 by the end of May, gave it all back and then some, falling 48% to $1.27 by early October, before rising 43% to close out the year at $1.82. When the year had ended, Sirius was up nearly 12%. It was a fairly good year for buy and hold investors, but it certainly presented traders plenty of opportunities to have significantly higher gains, especially for those able to accurately trade it in bot
http://seekingalpha.com/article/1060331-sirius-xm-investing-for-a-25-gain?source=feed 2012-12-12 12:19:54 PST

Sirius XM Warning: The Perfect Storm For A Short Squeeze
By Stephen Faulkner:For years now, Sirius XM (SIRI) investors have been hearing about the impending short squeeze which is just around the corner. It's understandable why some would expect a large squeeze to happen. With a sizable short interest which has typically fluctuated between 250 and 300 million shares often sitting at over two weeks worth of volume to "cover," the stock always seems poised to put the heat on those who are short and make a run of epic proportions.It is widely assumed, though, that much of this running short position is
http://seekingalpha.com/article/1059551-sirius-xm-warning-the-perfect-storm-for-a-short-squeeze?source=feed 2012-12-12 07:11:04 PST