Sirius XM Holdings Inc (NASDAQ:SIRI) Discloses Reasons Why It Wants Pandora

0
668

Sirius XM Holdings Inc (NASDAQ:SIRI) is a company that provides a wide range of radio channels. It entertains listeners with comedies, music, sports and news among many other programs. It was today that the business guru announced its recent purchase of Pandora Media.

Current state of affairs

Quite a significant number of people around the globe had lost their faith in the company. Untrustworthy sources compelled them to believe that the business guru was at its lowest ebb. In fact, most of them for quite a while had seen the company as hopeless one. They even downplayed any kind of talk that spoke positively regarding it.

The latest move vindicates it especially among those persons that downplayed it for its almost ineffective linear programming. The business guru admits having spent huge amounts of money in sustaining its infrastructure. That is specifically the physical one.

Turn of events

It was years back that several investors came out to speak out in relation to the negative effects of digital music. They pointed out to the Pandora asserting that they did not see a bright future ahead for Sirius. The sentiments sparked about mixed reactions among different people.

Towards the end of 2013, the company gave reports regarding its business performance. According to it, the shares got the point of trading at about $4.The cover story of Barron covered all the aspects of the report rather effectively. The one clear thing was that the company witnessed a major blur in terms of the stock.

No one anticipated such a case scenario. That was considering that the business guru had invested quite highly in the hope of obtaining high end results. Analysts rushed to the defense of the company. They attributed the whole thing to the ever shifting business dynamics around the globe.

With the latest move, the company is sure to prove wrong all those that doubted its capabilities. It admits that there are changes to make and will soon conduct a meeting to look into that. The goal at the moment is to regain its lost glory ad thrive once again.

This report is for information purposes only, and is neither a solicitation or recommendation to buy nor an offer to sell securities. Financials Trend is not-a-registered-investment-advisor. Financials Trend is not a broker-dealer. Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. Financials Trend accepts no liability for any losses arising from an investor's reliance on the use of this material. Financials Trend sometimes gets compensated up to one hundred and fifty thousand dollars per month for featuring particular stocks. See site disclaimer for complete compensation. Financials Trend and its affiliates or officers currently hold no shares of these stocks. Financials Trend and its affiliates or officers will purchase and sell shares of common stock of these stocks, in the open market at any time without notice. Financials Trend will not update its purchases and sales of these stocks in any future postings on Financials Trend's websites. Certain information included herein is forward-looking within the context of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. The words "may", "would," "will," "expect," "estimate," "anticipate," "believe," "intend," " project," and similar expressions and variations thereof are intended to identify for ward-looking statements. Such forward- looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. *Financials Trend does not set price targets on securities. Never invest into a stock discussed on this web site or in this email alert unless you can afford to lose your entire investment.