SIRI is an American broadcasting company that offers a variety of different services. The company"s main business is satellite radio. However, the company also offers a number of other audio entertainment and infotainment services. These include music, news, and comedy channels. In addition, the company offers travel information, weather, and real-time traffic data services.
There have been some notable developments in the company"s business in recent weeks, including the announcement of a new contract with the legendary Howard Stern. The deal, which will keep him on the air through 2016, has been rumored to be a deal worth up to $120 million. According to Bloomberg, the deal is close to being signed. As a result, the Sirius XM Holdings stock price has been on the rise, rising to as high as $5.71.
Earlier this week, Howard Stern made a statement about his contract with the company. While the company did not specify the frequency for his show, he did say that 60% of the company"s subscribers listen to him. This equates to about 2.4 million people, which is a small percentage, but it is more than the 1.6 million subscribers that the company reports.
With the news of a new contract, many investors are wondering if the company"s share price will follow suit. The question is whether or not the company will be able to keep its hold on the public"s attention. Since Sirius is a small-cap company, its share price may not be able to sustain the same kind of drop that the wider market has experienced. Instead, it"s likely that the share price will fall back into a more attractive buying range.
SIRI has a healthy outlook and a strong cash flow forecast. Moreover, the company is expected to experience a substantial increase in profit over the next several years. Therefore, it"s a safe bet that the company will continue to be a force to be reckoned with in the audio entertainment industry.
Although the share price is low, the company has a lot of growth to look forward to. In fact, it has been predicted that the company will generate more than $100 million in annual profits by the end of 2019. Given the positive outlook, it"s a good idea to consider investing in SIRI stock. But, before making your move, you"ll want to understand a little more about the company.
The company"s most important asset is its ability to provide a variety of audio entertainment channels. This includes the usual suspects, such as music and sports channels, along with the news and talk channels. Besides these traditional types of content, the company also offers a variety of other options, including podcasts and comedy shows. Additionally, the company"s online service, known as SiriusXM Internet Radio, offers features not available on its satellite radio service.