SIRI
Sirius XM Holdings Inc.
TMT
04/14/2014
Presented
| Date | 04/10/2014 |
| Price | $3.10 |
| Market Cap | $18.80B |
| Ent Value | $22.26B |
| P/E Ratio | 48.75x |
| Book Value | $0.23 |
| Div Yield | N/A |
| Shares O/S | 6,063.85M |
| Ave Daily Vol | 71,320,000 |
| Short Int | 3.99% |
Current
| Price | $27.08 |
| Market Cap | $9.18B |
| Sirius XM Holdings Inc., through its subsidiaries, provides satellite radio services in the United States and Canada. The company broadcasts music, sports, entertainment, talk, news, traffic, and weather programs, including various music genres ranging from rock, pop and hip-hop to country, dance, jazz, Latin, and classical; live play-by-play sports from principal leagues and colleges; multitude of talk and entertainment channels for various groups of audiences; national, international, and financial news; and local traffic reports for 22 metropolitan markets in the United States. It also streams music and non-music channels through SiriusXM On Demand and MySXM over the Internet. In addition, the company distributes satellite radios through the sale and lease of new vehicles; and acquires subscribers through the sale and lease of previously owned vehicles with factory-installed satellite radios. Its satellite radio systems include satellites, terrestrial repeaters, and other satellite facilities; studios; and radios. Further, the company provides Backseat TV, a television content designed primarily for children; Travel Link, a suite of data services that include graphical weather, fuel prices, sports schedule and scores, and movie listings; real-time traffic services; and real-time weather services. Additionally, it offers a portfolio of location-based services through 2 way wireless connectivity, including safety, security, convenience, maintenance and data services, remote vehicles diagnostics, stolen or parked vehicle locator services, and monitoring of vehicle emission systems. The company sells satellite and Internet radios directly to consumers through its Website, as well as through national and regional retailers. Sirius XM Holdings Inc. was founded in 1990 and is headquartered in New York, New York. |
Highlights
The presenter is long shares of Sirius XM (SIRI) and believes the bull case is more than just math. SIRI is capable of generating huge cash flow and there are substantial barriers to entry in the industry. With a tailwind from the growth in SAAR and wave of used cars with SIRI radios installed coming through, he sees a favorable risk/ reward set up. The Street’s apparent disregard for the tailwind could lead to positive revisions.
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