The satellite radio provider announced the firing late on July 3 following a series of racist and sexist tweets from Cumia. Sirius XM said it reached the decision and informed Cumia "after careful consideration of his racially-charged and hate-filled remarks on social media. Those remarks and postings are abhorrent to SiriusXM, and his behavior is wholly inconsistent with what SiriusXM represents."
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TheStreet Ratings team rates SIRIUS XM HOLDINGS INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate SIRIUS XM HOLDINGS INC (SIRI) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value."
Highlights from the analysis by TheStreet Ratings Team goes as follows: