Reported 5 days ago
Despite a tough year for Sirius XM shareholders, there are strong reasons to consider investing in the satellite radio giant. The company's stock is currently underpriced, with Warren Buffett's Berkshire Hathaway increasing its stake, indicating confidence in the company's recovery. Moreover, as commuting patterns evolve, the demand for satellite radio could rebound. The high short interest in the stock also signals potential for a significant turnaround, especially if positive subscriber growth returns. Lastly, Sirius XM has demonstrated consistent free cash flow generation and offers an attractive dividend, making it a compelling buy for those looking for both income and growth.
Source: YAHOO