Is Liberty SiriusXM Group Stock a Buy?
Liberty SiriusXM Group (NASDAQ: LSXMA) (NASDAQ: LSXMB) (NASDAQ: LSXMK) can be a confusing stock to own. It's one of the three main branches of Liberty Media, which also owns Formula One and the Atlanta Braves through the Liberty Braves Group.
Each of these three subsidiaries trades under multiple share classes. Liberty SiriusXM's A shares (LSXMA) offer one vote per share, its B shares (LSXMB) offer 10 votes per share, and its C shares (LSXMK) don't have any voting power. Its A and B shares are interchangeable, but its C shares are not.
Liberty SiriusXM is mainly a tracking stock for Liberty's stakes in two other public companies: Sirius XM (NASDAQ: SIRI), the satellite radio company that also owns the streaming service Pandora; and Live Nation (NYSE: LYV), the events promoter that merged with Ticketmaster in 2010.
Source Fool.com
