2024-02-22 12:31:04 ET
Summary
- Sirius XM Holdings Inc. has only gained 5.24% since its IPO in 1994, compared to the S&P 500's gain of 967.55%.
- The company has shown a lack of growth, with declining subscribers and lagging behind sector medians in growth metrics.
- Intense competition and a high-cost structure make it difficult for Sirius XM to compete and invest in innovation and growth.
Investment Thesis
Sirius XM Holdings Inc. (SIRI) has been disappointing to investors with its share prices just gaining a mere 5.24% since its IPO in 1994 compared to the S&P 500 gain of 967.55%....
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Sirius XM Holdings: Single-Digit Share Growth Since IPO And A Bleak Outlook, Sell