ZenInvestor

Citi: Sirius XM Is “Massively Undervalued”

With the bright and shining exception of GS everyone seems to think SirusXM is undervalued. What is holding the stock back? The proof of the merger synergies is the key to the stock price. As soon as the layoffs and cost savings can be explained to shareholders and the merger plan executed the stock will move upward. After that, the simple economics of improved cash flow and a clear path to earnings will make this one of a 1.42 stock ever. A lot of pain with this merger, but the payoff becomes tangible in the coming weeks and months.

Glad that Citi sees the real potential hidden behind the 17 months of FCC melodrama and the tough financing deal to complete the merger. Now we in the 'payoff' stage for SIRI.