We expect SIRI to utilize FCF and an under-levered balance sheet (in accommodative fixed income markets) to aggressively repurchase shares, shrinking share countby 20% through 2015 and 45% over the next ten years.
"You tell the SEC when they can learn to read and write, then they can figure out what we're doing, " Gee said, when asked by a questioner how to respond to SEC fans who say the Big Ten can't count because it now has 14 members.