A car radio playing Sirius XM is pictured. (AP Photo/Julie Jacobson)
A car radio playing Sirius XM is pictured. (AP Photo/Julie Jacobson)

(Seeking Alpha)

Summary

  • In-car infotainment monopoly in North America has a clear runway for growth and additional upside from “Connected Car” services.
  • Minimal CapEx requirement and scalable cost structure mean EPS can multiply quickly with a modest increase in revenue.
  • Liberty Media’s eventual consolidation bid is an added kicker.

BUSINESS DESCRIPTION

Sirius XM Holdings Inc. (NASDAQ: SIRI) provides satellite radio services in the United States and Canada. The company broadcasts music, sports, entertainment, talk, news, traffic, and weather programs. It also streams music and non-music channels through SiriusXM On Demand and MySXM.

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