Reported 11 months ago
Warren Buffett, the chairman of Berkshire Hathaway, has been increasing his stake in Sirius XM Holdings, which has seen its shares plummet nearly 58% this year and received recent downgrades from analysts. Despite these challenges, including disappointing revenue forecasts and subscriber losses, Sirius XM offers a 4.6% dividend yield and is exploring a turnaround strategy by enhancing its podcasting platform. Buffett remains a long-term investor, suggesting he sees potential in the company's recovery despite the current market skepticism.
Source: YAHOO