Tomahawk, WI 07/10/2014 (Basicsmedia) – Sirius XM Holdings Inc. (NASDAQ:SIRI)’s share price floundered soon after Anthony Cumia, the co-host of a fairly popular holiday weekend radio show – ‘Opie and Anthony’. The company had opted to oust Cumia, dubbing the scenario as a gust of hate-filled racially charged remarks across the social media portal.
The Crux Of The Matter
Cumia had faced a brief assault from an African-American lady, who didn’t want her picture to be snapped, when the former was busy in taking pictures in the Times Square. This grew, and Anthony Cumia tweeted racial commented, that was shunned and abhorred amongst most communities.
Twitter Went Abuzz!
The social media platform – Twitter erupted in hate comments and irate micro bloggers, as anger fomented, and showered as tweets and retweets. Only a mere short faction of the share holders are incidentally worried about upsetting stocks owing to this ousting of Cumia – largely, it is indeed not a whopping deal to take care of!
The SIRI Benefit
Sirius XM Holdings Inc. (NASDAQ:SIRI) is primarily owned by Liberty Media of John Malone’s fame. Liberty Media were upbeat in acquiring the Time Warner Cable, earlier in FY 2014. Malone has an ideology that he caters to with utmost sincerity. The idea is to deftly consolidated the waning cable industry; with the strategies coupled with grit, SIRI was able to bag around $19 billion deals in FY 2013.
Certainly, the latest Cumia-Debacle would result in SIRI’s PR gaining merely a meager hit post-exodus of Cumia, as Anthony Cumia and Opie had been important members constituting the pair pertaining to broadcasting of services.
Investors are deemed to have a gala time, spending their bucks on the shares of SIRI. It must be reckoned that Sirius XM Holdings Inc. (NASDAQ:SIRI) accounts for FCC licenses valued at $2 billion; moreover, SIRI is considered as a major aspect of Liberty Media, according to the norms grounded by the latest 10-Q resolutions.
Hence, on an investor’s perspective, as the shares of SIRI has dipped, post-Cumia exodus, it would be the ideal time to buy the shares, as the share price is deemed to shoot up in near future!