Reported 30 days ago
The anticipated reverse stock split of Sirius XM Holdings, which recently merged with Liberty Media’s tracking stock, aims to increase its share price to attract institutional investors while not reflecting any operational weaknesses. This strategic move has significantly reduced the number of shares from over 3 billion to around 339 million, making Sirius XM an appealing option for long-term investors due to its unique market position as the only licensed satellite radio operator, predictable cash flow, and historically cheap valuation.
Source: YAHOO