Should You Forget Sirius XM Holdings? This Stock Has Made Far More Millionaires.

Satellite radio giant Sirius XM Holdings (NASDAQ: SIRI) was a millionaire-maker once upon a time. The stock soared in the dot-com boom, and many Sirius XM investors expected the good times to keep rolling for a long time.But Sirius XM's stock price sunk when the dot-com bubble popped, and it hasn't looked like a millionaire maker for a very long time. These days, Sirius XM offers a generous dividend yield and some hope of a turnaround, and master investor Warren Buffett is buying the stock in 2024. So this stock still has some appeal, but I find it hard to get excited about Sirius XM's focus on the clunky satellite radio service. Why not retool the business around online streaming instead, now that high-speed wireless internet connections are easily available almost everywhere?I respect Buffett's Sirius XM strategy and hope it works out for investors who follow his lead. I'd rather watch the company's turnaround efforts from the sidelines, though.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool