VALUEx Vail 2024 Presentation: Liberty SiriusXM Group
We were fortunate to attend the VALUEx Vail conference this week and had the opportunity to present a few investment ideas and meet a collection of great investors and wonderful people.
We presented Liberty SiriusXM, which we also wrote about a few months ago. Below is a link to our Liberty SiriusXM presentation from this past week.
For those with an eye for detail, note that since making this presentation the post-transaction structure has been modified to effectively shrink the share count has been reduced by 90% to produce a higher nominal stock price. None of the other transaction economics or valuation methodologies have changed in our view.
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Great stuff as always guys.
I didn't see anything in the presentation about Siri's debt. The last 10-Q said that they have 8.7 billion of long term debt, plus another 1.5 billion of other liabilities.
The 10-Q also said that net income is $265 million, which sounds like paying off the debt is going to be hard.
David