MA

Matthew Dolgin

其他

@matthew-dolgin

Bio

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Ideas

1 Ideas

SIRISirius XM Holdings Inc.2024-07-07
Pitch

SIRI stock pitch - 2024-07-08

SIRI: SiriusXM & Pandora. 34M self-pay subs. Narrow moat from cost advantage, intangibles. 15.5% royalty rate vs streaming rivals. 61% GM satellite, 34% Pandora. $5 PT, 15x P/E, 10x EV/EBITDA. <1% rev growth. Risks: vehicle sales, streaming competition, satellite failure. Exemplary capital allocation.