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FWONK - Liberty Sirius XM: Buybacks Could Catalyze A Narrowing Of The NAV Discount
Liberty Media Corporation Series C
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Liberty Sirius XM (LSXMK) shares have moved to very palatable valuations in the aftermath of the underlying Sirius XM's (SIRI) acquisition of Pandora. The satellite radio business now trades at a more reasonable valuation (around 15x cash flow; cheaper via LSXMA/K), presenting investors an excellent