LMCA), and there are more than five billion (yes with a b) shares in the float for a market value of nearly $18 billion. With $18 billion chasing earnings of $400 to $500 million a year, the upside is limited but still acceptable on a percentage basis. Look for a buying dip near $2.95 as an entry target. For the bearish thesis, the super-sized valuation has not been lost on the shorts. Short interest is near 10% and short sellers should not be ignored. That said, they are under pressure and underwater with the price at yearly highs. If shorts decide to say uncle and exit, they may push the stock price up even further if enough of them decide they had enough at once. SIRI Revenue Per Share TTM data by YCharts
At the time of publication the author had no position in any of the stocks mentioned. Follow @RobertWeinstein This article was written by an independent contributor, separate from TheStreet's regular news coverage.