The Value Thesis

The Value Thesis

Stock & Investment Research

Melting Ice Cube or a Cash Flow Machine

Deep Dive #8

Arda Solmaz's avatar
Arda Solmaz
Nov 17, 2025
∙ Paid
  • Market Cap: $7.2B

  • Dividend Yield: 5.1% ($0.27 per quarter)

  • Price-to-Cash-Flow: 5.9×

  • Price-to-Earnings: 7.8×

    If you are looking for the next tech rocket ship, this one isn’t for you.
    Sirius XM is a mature, slow-moving monopoly on satellite radio


    The thesis here isn’t about growth, it’s about capital return. You’re buying a business that generates more than a …

User's avatar

Continue reading this post for free, courtesy of Arda Solmaz.

Or purchase a paid subscription.
© 2026 Arda Solmaz · Privacy ∙ Terms ∙ Collection notice
Start your SubstackGet the app
Substack is the home for great culture