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Soros fund takes on Countrywide, XM, Sirius stakes (or Soros losses 200 million in 6 months)
Reuters ^ | 14 NOV 2007 | Karey Wutkowski

Posted on 11/14/2007 1:55:07 PM PST by 2banana

Soros fund takes on Countrywide, XM, Sirius stakes

Soros Fund Management reported in a filing with the U.S. Securities and Exchange Commission its holdings as of Sept. 30, which included a $33.9 million investment in Countrywide.

The fund also reported stakes in Sirius Satellite Radio Inc (SIRI.O: Quote, Profile, Research) and XM Satellite Radio Holdings Inc (XMSR.O: Quote, Profile, Research), of 1.21 million shares and 103,265 Class A shares, respectively.

The shareholders of the rival companies voted in favor on Tuesday of a planned $5.1 billion merger that still needs approval by the federal government.

The overall value of Soros' fund decreased to $2.91 billion from $3.15 billion as of June 30.


TOPICS: Business/Economy; Politics/Elections
KEYWORDS: countrywide; georgesoros; sirius; soros; sorosfund; stocks; xm
Countrywide is toast - Soros will probably lose all of his investment.

The overall value of Soros' fund decreased to $2.91 billion from $3.15 billion as of June 30.

Yeah - baby!

1 posted on 11/14/2007 1:55:09 PM PST by 2banana
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To: 2banana

This could be series!


2 posted on 11/14/2007 1:56:06 PM PST by Paleo Conservative
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To: 2banana

This could be series!


3 posted on 11/14/2007 1:56:06 PM PST by Paleo Conservative
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To: 2banana

I think Soros can still make waves with his little drop in the number of billions he has—LOL! (I don’t think my brain goes that high!)


4 posted on 11/14/2007 1:59:12 PM PST by basil (Support the Second Amendment--buy another gun today!)
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To: basil

“I think Soros can still make waves with his little drop in the number of billions he has—LOL! (I don’t think my brain goes that high!)”

I am sure his dollar position has more than made up for it.


5 posted on 11/14/2007 2:06:07 PM PST by DemEater
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To: 2banana

Still enough left for a night on the town.

I presume he’s buying into these media operations in order to push his agenda yet another way. This guy is desperate to wreck the world before he dies.


6 posted on 11/14/2007 2:07:26 PM PST by Cicero (Marcus Tullius)
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To: 2banana
The overall value of Soros' fund decreased to $2.91 billion from $3.15 billion as of June 30.

He can teach you to make a small fortune…

.

.

.

out of a large one.

7 posted on 11/14/2007 2:19:38 PM PST by Who dat?
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To: Who dat?

Considering the billion$ this elitist has, $200 mil is literally a drop in the bucket. It would be like Joe Avg. losing a couple of hundred.


8 posted on 11/14/2007 2:38:06 PM PST by attiladhun2 (Islam is a despotism so vile that it would warm the heart of Orwell's Big Brother)
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To: 2banana

I’ve read that sociopaths are better investors than normal people.


9 posted on 11/14/2007 2:47:57 PM PST by dangerdoc (dangerdoc (not actually dangerous any more))
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