Reported 12 days ago
In 2024, Sirius XM Holdings, a significant player in the satellite radio market, conducted a noteworthy reverse stock split, aimed at enhancing its share price to attract institutional investors. This move comes amid challenges such as declining subscribers and economic uncertainty, but signals potential for investors seeking a historically undervalued stock in a legally protected market. Notably, the author has substantially increased their stake in Sirius XM, betting on its subscription-based revenue model and low valuation multiples despite broader market headwinds.
Source: YAHOO