SIRI - 3 Reasons to Buy Sirius XM Stock Like There's No Tomorrow
2024-06-26 05:05:00 ET
Down more than 60% from their 2018 peak and still within sight of the 12-year low reached earlier this month, the idea of scooping up shares of Sirius XM Holdings (NASDAQ: SIRI) at this time is more than a little daunting. It's tantamount to catching a falling knife -- something you typically don't even want to attempt due to the obvious danger.
And yet, there's actually a three-pronged bullish case to be made for doing exactly that sooner than later. It's just not an argument everybody will want to consider.
Sirius XM is the result of 2008's merger of satellite radio outfits Sirius and XM, which combined their collective reach into a single dominant name at a time when internet-based alternatives were starting to get real traction.
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3 Reasons to Buy Sirius XM Stock Like There's No Tomorrow