3 Things That Can Go Wrong for Sirius XM Stock in 2020
History will look kindly on how 2019 played out for Sirius XM Holdings (NASDAQ: SIRI). The shares have yet to take out the 14-year highs they set in the springtime of last year, but it's another winning year for the resilient satellite-radio provider. Sirius XM closed last week at its 2019 peak, and the 27% dividend-adjusted gain will easily stretch its impressive streak of positive returns to 11 years in a row.
This is also the year that Sirius XM closed on its $3.5 billion purchase of Pandora Media, opening the door for Sirius XM to make a larger dent in the streaming market that's growing faster than its flagship business. Sirius XM is on a roll right now, but there will be challenges in the year ahead. Let's look at some of the things that can go wrong in 2020.
Image source: Sirius XM Holdings.
Source Fool.com
