Sirius XM Stock: Buy, Sell, or Hold?
With meme stocks in the news this week it's a good time to revisit a similar battleground investment that dominated the online discussion board chatter a generation ago. It's been nearly eight years since the monthly trading volume of Sirius XM Holdings (NASDAQ: SIRI) topped 1 billion shares, and a dozen years before that it was a hotly contested penny stock.
The satellite radio provider has grown up into a surprisingly sleepy and predictable media giant. Is that good? Is that bad? Let's look at the bull and bear cases before deciding if this is time to buy, sell, or hold Sirius XM stock.
The bullish case for Sirius XM has to start at the bottom -- the bottom line, that is. Sirius XM went from being a speculative deficit-riddled stock two decades ago to one that has been consistently profitable since shortly after completing the combination of the country's two satellite radio platforms in the summer of 2008. It has posted an annual profit every year since 2010.
Source Fool.com
