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Sirius XM Canada Holdings Inc T.XSR

"Sirius XM Canada Holdings Inc is a radio broadcasting company with approximately 2.7 million total subscribers. The company broadcasts music, sports, talk, entertainment and other content on a subscription fee basis in Canada. It includes over 12 Canadian channels designed and developed from studios in Toronto, Montreal, and Vancouver. It derives revenues from the sale of subscriptions, activation fees, advertising, and equipment sales."


TSX:XSR - Post by User

Post by cruiser1on Dec 02, 2016 7:07pm
410 Views
Post# 25549372

strung along

strung along I understand the complexity of these type of deals, but the news release looks pretty amateuristic. They know they had little support from their minority shareholders, so I guess they don't really care, but telling us they will close by the end of Febuary, or maybe not, and will make a dividend, but maybe not, just looks pretty bad. 
I guess they are all excited about the Jan 9th submissions for the CRTC, but given six months of silence without a dividend, I gather shareholders other than their own must be such an inconvenience. 
 I get a funny feeling we're going to be dragged out for another six months to a year, and depending on how things go, might drop the offer if it doesn't work for them, but we'll be no better off. 


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