SiriusXM Stock: 4 Reasons to Buy This Monopoly

Sirius XM Holdings Inc. NASDAQ: SIRI operates the only licensed satellite radio company. In 1997, the U.S. Federal Communications Commission granted satellite radio licenses to two competing satellite radio companies, Sirius Satellite Radio and XM Satellite Radio. Back then, satellite radio was a money pit with extremely high barriers to entry. XM and Sirius merged into one company, Sirius XM Holdings, in July 2008 with the approval from the FCC to become a legal monopoly in satellite radio with 18.5 millio ...