I recently took a closer look at the Liberty SiriusXM Group $LSXMK as I am always on the lookout for interesting investment opportunities in the consumer discretionary space. The company, which has been in existence since 1991 and employs around 7,047 people, has generated impressive annual revenues of $8.95 billion in recent years and has a market capitalization of around $9.72 billion. With 326,590,000 shares outstanding, LSXMK appears to be a significant player in the market
Analysts have rated the stock with an average price target of $36.00, which represents potential growth of about 20.9% from the current price. This makes LSXMK a potentially interesting investment for me. However, it is important to note that valuations range from $24.00 to $43.00, indicating some uncertainty
Recently, the company has also made some strategic moves that have piqued my interest. These include the announcement of the quarterly interest payment and the additional regular distribution on its exchangeable senior debentures maturing in 2049. In addition, the simplification of SiriusXM's ownership structure by merging the Liberty SiriusXM Tracking Stock Group with SiriusXM into a new public company has piqued my interest as it could fuel growth and position the company for future success.
I am wondering how the community views these developments and the current valuation of LSXMK. Is there perhaps anyone here who is also invested in LSXMK or is considering it? How do you see the future development of the company and the value of the stock?
