Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
No. of Recommendations: 1
" Sirius XM (NASDAQ:SIRI) shares soared 14.8% before the bell on Thursday, a day after Warren Buffett's Berkshire Hathaway (BRK.B) (BRK.A) disclosed that it more than tripled its stake in the broadcasting company during Q2.
Berkshire (BRK.B) increased its holdings in Sirius XM (SIRI) to 132.9M shares in the quarter, from 36.7M shares at the end of Q1.
Sirius XM (SIRI) stock has declined 46.8% YTD, and fell 23% over the last month alone.
Earlier this month, the company reported in-line Q2 profit and a slight revenue miss, weighed by subscriber losses in both segments.
Wall Street analysts on average are neutral on the stock, in line with SA Quant's Hold rating."
No. of Recommendations: 8
If Sirius XM stopped playing stupid games with their subscribers and price, they'd not lose so many accounts.
The first year is around $100. The "retail" price is like $35/month ($420/yr). You have to call and threaten to quit and they'll give you another year "one time only" for anywhere between $60 and $120. You have to do this every damn year.
I have gotten the "one time only" deal for the last 10 years.
Finally this year the guy offered me $6.99/mo (plus tax) for ever, no need to call ever again. He said that only a very few customers got this offer --- which I kind of believe, but not really.
The only reason I take Sirius is because we live in the mountains and the local FM stations fade in and out as we drive around. Plus my wife hated, Hated, HATED me changing stations every time a commercial came on.
No. of Recommendations: 0
Berkshire (BRK.B) increased its holdings in Sirius XM (SIRI) to 132.9M shares in the quarter, from 36.7M shares at the end of Q1.
I'm trying to figure out why Berkshire is buying SIRI instead of LSXMA/B/K ... in theory, sometime this quarter each of those are going to be swapped for 8.4 shares of SIRI when the Liberty spinoff deal is finalized. So why not buy LSXMA at $21.91 which should effectively buy SIRI shares at $21.91 / 8.4 = $2.61 instead of at $3.02? Any ideas?
I suppose the float and the volume in LSXMA/B/K is too low for their volumes, but still, the A and B traded nearly 3M shares today equivalent to over 24M SIRI shares, while SIRI traded 29M, so pretty close.
No. of Recommendations: 0
Every time he buys LSXMK- he has to report it, not SIRI, maybe that is the reason
