6 Undervalued Entertainment Stocks To Buy Right Now

2. Sirius XM Holdings Inc. (NASDAQ:SIRI)

Sirius XM Holdings Inc. is a broadcasting company that provides audio entertainment services to subscribers. The company operates through Pandora & Off-platform and Sirius XM segments. It provides music, comedy talk, news, on-demand programming services, and other services. The stock trades at a price-to-book value of 0.69 and is extremely undervalued, though not without risks. These risks include expensive acquisitions as well as trying to stay relevant at a time when fewer and fewer people are using radios.

The biggest thing that the stock has going for it is that Warren Buffett continues to build a position in the stock. He now owns over 34% of the company! Investors who take a position in this undervalued stock do so because of the confidence that Buffett’s stake gives them. This isn’t necessarily a great strategy. However, the company is making efforts to improve its fundamentals, and the general consensus is that with Buffett’s backing, the company will be able to pull it off despite the risks.