Added to YB: 2024-09-04
Pitch date: 2024-09-02
SIRI [bullish]
Sirius XM Holdings Inc.
-18.84%
current return
Author Info
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Company Info
Sirius XM Holdings Inc. operates as an audio entertainment company in North America. It operates through two segments, Sirius XM, and Pandora and Off-platform.
Market Cap
$7.1B
Pitch Price
$32.90
Price Target
N/A
Dividend
5.15%
EV/EBITDA
7.42
P/E
7.42
EV/Sales
2.02
Sector
Media
Category
special_situation
Buffett's SIRI arb play is possibly worth 15% upside in less than 10 days.
LSXMA: Merger arb play with 10-15% upside in 3-5 days. SIRI reverse split & merger with Liberty SiriusXM on 9/10. Risks: ratio change from 8.3/8.4 SIRI per LSXMA, short covering impact. Buffett owns $2.4B LSXMA/K vs $250M SIRI. Simplification may boost valuation post-merger.
Read full article (4 min)