Liberty SiriusXM, arbitrage or not?

Description Shortly, SiriusXM is the leading audio entertainment company in North America, a combination of subscription service SiriusXM, ad-supported music streaming service Pandora, expansive podcast network and a suite of business and advertising solutions. SiriusXM generates high level of free cash flow from its recurring revenue. As of December 31, 2023, SiriusXM Holdings had a […]

Unjustified valuations in tech, with many small/mid-caps lagging

To start this writeup, we would like to mention that only seven companies in the S&P500 index account for 25% of total valuation, but on the other hand, only 7% of its earnings. These companies are Apple, Microsoft, Google, Amazon, Nvidia, Tesla and Meta, in case you’re wondering. In an extreme example, Nvidia alone has […]