Sirius XM has faced intense competition ever since internet-enabled streaming platforms entered the market. Nike is in the middle of a turnaround, but it still has the strongest brand in the industry.
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Sirius XM is losing subscribers as internet streaming platforms continue to grow. Value investors might be drawn to its ultra-cheap valuation and high dividend yield.
In his six decades as CEO of Berkshire Hathaway, the now-retired Warren Buffett led his company's Class A shares (BRK.A) to an aggregate return of almost 6,100,000%! The legal monopoly Buffett couldn't stop buying in recent years has lost two-thirds of its value since the S&P 500's bull market rally began.
Warren Buffett's former company, Berkshire Hathaway, owns more than 37% of the SiriusXM shares in existence. Investors have to balance a high dividend yield and low valuation with the declines in the business.
Berkshire Hathaway holdings Sirius XM, Nu Holdings, and Amazon are compelling buys right now. Sirius XM is a money machine, spending its 10-figure free cash flow into stock buybacks and a dividend yield north of 5%.
Reduced Sirius XM Holdings stake by 498,032 shares; estimated trade value ~$10.71 million based on average closing prices for the quarter. Quarter-end position value decreased by $12.04 million, reflecting both share sale and stock price movement.
Sirius XM is struggling to drive sustainable subscriber and revenue growth. This top tech stock benefits immensely from the AI trend as its cloud segment thrives.
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