A Fool Looks Back
Liberty Media was denied in its original application, even though it owned 40% of the company through its preferred shares. It has gone on to increase its position to an effective stake of 46.2%.
The satellite-radio giant isn't taking things lying down. However, investors hoping for a juicy premium are seeing Liberty Media seize control in strategic nibbles. Things are getting interesting here, and this saga -- more than three years in the making -- is heating up.
Briefly in the news
And now let's take a quick look at some of the other stories that shaped our week.
- Despite showing sequential revenue improvement, Yingli Green Energy (NYS: YGE) hit another 52-week low after posting a quarterly loss. When will the sun come out for solar?
- Not everything that Apple (NAS: AAPL) touches turns to gold. CEO Tim Cook admitted that the tech giant will be looking into possibly killing Ping, the poorly received music social network that it layered on top of iTunes two summers ago.
- Camera-sensor giant OmniVision Technologies (NAS: OVTI) provided a mixed financial snapshot. Revenue topped Wall Street expectations, but results fell short on the bottom line. OmniVision's guidance calls for more of the same in the new quarter. The market roughed up the stock, fearing the margin contraction has become problematic.
Now that you've had a glimpse of the past, let's delve into the future. A new report details the latest Rule-Breaking multibagger that has earned Fool co-founder David Gardner's attention. The report is free, and you're closer to it than you may think. Check it out now.
At the time this article was published The Motley Fool owns shares of Apple.Motley Fool newsletter serviceshave recommended buying shares of Apple and creating a bull call spread position in Apple. The Motley Fool has adisclosure policy. We Fools don't all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. Try any of our Foolish newsletter servicesfree for 30 days.Longtime Fool contributorRick Munarrizcalls them as he sees them. He owns shares of Liberty Media and is also part of theRule Breakersnewsletter research team, seeking out tomorrow's ultimate growth stocks a day early.
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