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Is There a Future for Sirius XM?

TheMotleyFool

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Sirius XM (NASDAQ: SIRI) is a Berkshire Hathaway holding: The Warren Buffett conglomerate owns 37.1% of the company's outstanding shares, so the Oracle of Omaha might see something he likes about the company.

Berkshire's apparent endorsement, though, doesn't change the fact that Sirius XM's share price has dropped by 59% over the past five years. Its valuation is now quite cheap, at a forward price-to-earnings ratio of 7.4 -- which might pique the interest of some investors.

But is there a future for Sirius XM?

Source Fool.com