SIRI
Sirius XM Holdings Inc
TMT
04/13/2018
Presented
| Date | 04/10/2018 |
| Price | $4.79 |
| Market Cap | $1.20B |
| Ent Value | $1.47B |
| P/E Ratio | N/A |
| Book Value | $0.61 |
| Div Yield | 0% |
| Shares O/S | 249.75M |
| Ave Daily Vol | 10,807,713 |
| Short Int | 31.54% |
Current
| Price | $27.08 |
| Market Cap | $9.18B |
| Sirius XM Holdings Inc. provides satellite radio services on a subscription fee basis in the United States. It broadcasts music, sports, entertainment, comedy, talk, news, traffic, and weather channels, including various music genres, such as rock, pop and hip-hop, country, dance, jazz, Latin, and classical; live play-by-play sports from various leagues and colleges; various talk and entertainment channels for a range of audiences; national, international, and financial news; and limited run channels. The company also provides streaming service that includes a range of music and non-music channels, and podcasts, as well as channels that are not available on its satellite radio service; and offers applications to allow consumers to access its streaming service on smartphones, tablets, computers, home devices, and other consumer electronic equipment. In addition, it distributes satellite radios through automakers and retailers, as well as its Website. Further, the company provides location-based services through two-way wireless connectivity, including safety, security, convenience, maintenance and data services, remote vehicles diagnostics, and stolen or parked vehicle locator services. Additionally, it offers satellite television services, which offer music channels on the DISH Network satellite television service as a programming package; Travel Link, a suite of data services that include graphical weather, fuel prices, sports schedule and scores, and movie listings; and real-time traffic and weather services. The company is headquartered in New York, New York. Sirius XM Holdings Inc. operates as a subsidiary of Liberty Media Corporation. |
Please note, on 02/01/19 Pandora Media Inc. (P) was acquired by Sirius XM Holdings Inc. (SIRI) at a ratio of 1 share of P to 1.44 shares of SIRI. We have adjusted the pitch to Sirius XM Holdings Inc. as Pandora Media Inc. is no longer trading under ticker symbol P. The data will thus reference SIRI but the content of this idea will reference the original company, Pandora Media Inc. (P).
Publicly traded companies mentioned herein: Alphabet Inc (GOOG, GOOGL), Liberty Media Corp-Liberty SiriusXM (LSXMK), Pandora Media Inc (P), Spotify Technology SA (SPOT)
Highlights
The presenter is long shares of Pandora Media (P), seeing material upside from its new Premium Access product. He believes P has a unique product on mobile that appeals to both consumers and record labels. P’s strong advertising margins are being obscured and diluted by its weaker subscription margins. He models 60% upside to P shares in a “base case,” with the possibility for 200% - 300% appreciation on a longer time horizon.
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