Is Liberty SiriusXM Stock a Buy?
Liberty SiriusXM Group (NASDAQ: LSXMA)(NASDAQ: LSXMK) (NASDAQ: LSXMB) is one of three tracking stocks within Liberty Media. It also has The Liberty Braves Group and Formula One Group. Tracking stocks are not common, so let's define them. According to Liberty Media's annual report:
A tracking stock is a type of common stock that the issuing company intends to reflect or "track" the economic performance of a particular business or "group," rather than the economic performance of the company as a whole. [The three tracking stocks] ... do not represent separate legal entities, but rather represent those businesses, assets and liabilities that have been attributed to each respective group.
Liberty SiriusXM Group's primary attributed asset is 3.2 billion shares of Sirius XM Holdings (NASDAQ: SIRI). That's the vast majority of the tracking stock's value.
Source Fool.com
