Benjamin Swinburne
Benjamin Swinburne
cash conviction flow free level results
Our conviction level has been buoyed by Sirius' fourth-quarter results and long-term free cash flow outlook.
cash deem deliver flow free given media positive primarily stock stocks value viewed
We deem this a positive for the stock given that media stocks are now primarily viewed as value stocks that need to deliver free cash flow to outperform.
believe benefit capture economics economy-and-economics growth investor opportunity radio rare remains represents returns satellite secular view
Our view on satellite radio remains bullish, and we believe that pay-radio represents a rare opportunity to capture secular growth as an investor and that duopoly economics will benefit returns over time.