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Supreme Court nominee Roberts' investments (radio related)

N

Nate Wesley

Found an interesting tidbit on Supreme Court nominee John G. Roberts:

http://news.yahoo.com/news?tmpl=story&u=/ap/20050803/ap_on_go_su_co/roberts

Towards the end of the article, the writer(s) notes Roberts' net worth and some of his investments...including one nice-sized investment in a certain radio company...

Thoughts?<P ID="signature">______________
There's nothing to see here.</P>
 
> Towards the end of the article, the writer(s) notes Roberts'
> net worth and some of his investments...including one
> nice-sized investment in a certain radio company...

They've apparently revised the article, because that information is no longer in the linked article (which is now just a rehash of the same old talking points from both sides on his nomination).

But I assume that the radio company in question is a certain minor operation based in San Antonio, because I think I saw that somewhere else today.
 
> > Towards the end of the article, the writer(s) notes
> Roberts'
> > net worth and some of his investments...including one
> > nice-sized investment in a certain radio company...
>
> They've apparently revised the article, because that
> information is no longer in the linked article (which is now
> just a rehash of the same old talking points from both sides
> on his nomination).
>
> But I assume that the radio company in question is a certain
> minor operation based in San Antonio, because I think I saw
> that somewhere else today.
>

Actually, he's plunked about $300K of his $5.3 million net worth into a satellite radio company:

http://news.yahoo.com/s/ap/roberts_finances;_ylt=AjpWIPbEaUnSCf6YdPbxXVVAw_IE;_ylu=X3oDMTA4NGRzMjRtBHNlYwMxNjk5<P ID="signature">______________
There's nothing to see here.</P>
 
>
> Actually, he's plunked about $300K of his $5.3 million net
> worth into a satellite radio company:
>
http://news.yahoo.com/s/ap/roberts_finances;_ylt=Aj> pWIPbEaUnSCf6YdPbxXVVAw_IE;_ylu=X3oDMTA4NGRzMjRtBHNlYwMxNjk5
>


Good for him to invest in XM, he obviously see's a future in the company to invest in it. If he got into it at the beginning, he's made some good money on it over the past few years.
 
> >
> > Actually, he's plunked about $300K of his $5.3 million net
>
> > worth into a satellite radio company:
> >
> http://news.yahoo.com/s/ap/roberts_finances;_ylt=Aj>
> pWIPbEaUnSCf6YdPbxXVVAw_IE;_ylu=X3oDMTA4NGRzMjRtBHNlYwMxNjk5
>
> >
>
>
> Good for him to invest in XM, he obviously see's a future in
> the company to invest in it. If he got into it at the
> beginning, he's made some good money on it over the past few
> years.
>

Actually, if he got in at the beginning, he is just barely oabove water. The time to get in was when it tanked to around $3, not at the IPO. In other words, any time except 1999 and 2000 when it was below the IPO range
 
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