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Posted by
Two Blokes Jun 4 -
Filed in
Stock
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11 views
I upgrade SiriusXM to a buy, as valuation now reflects excessive pessimism despite ongoing headwinds and a well-managed decline. Cost-cutting and lower capital spending are driving improved free cash flow, with deleveraging on track to enable buybacks by 2027. Subscriber growth remains challenged, but lower churn and an upcoming ad-supported tier could stabilize the base and support long-term ARPU.
