Post #6701 by ValueOrGoHome on the Berkshire Hathaway board

Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)

Unthreaded | Threaded | Whole Thread (3)

Post New | Post Reply | Report Post | Recommend It!

No. of Recommendations: 3

I bought some calls on LSXMK at the end of January. They've performed terribly, a 50% loss (so maybe it's time to double down, lol). For me the thesis was LSXMK is being converted to SIRI stock, and trades at a discount. Each share of LSXMK will get 8.4 shares of SIRI. Theoretically you could go long LSXMK and short SIRI, betting on the two to draw closer, but realistically SIRI is so tightly held it's hard to borrow against it. My broker would charge a premium to do it.
So I'm sticking with a one way bet.

Post New | Post Reply | Report Post | Recommend It!

Print the post

Unthreaded | Threaded | Whole Thread (3)

Prev | Next

Announcements

Berkshire Hathaway FAQ

Contact Shrewd'm
Contact the developer of these message boards.

A community forum supporting civilized, and highly helpful, self-educating investors that come together for Shrewdness and merry spirits. These message boards closely follow the look and feel of the old message boards at boards.fool.com prior to the boards redirected to discussion.fool.com. Shrewd'm is not affiliated with the comprehensive and excellent investment website, The Motley Fool (TMF), in any way. The Shrewd commmunity here has owed, and continues to owe, gratitude to The Motley Fool for nurturing a culture of jovial irreverence towards Wall St, and that tradition will continue here.