Reported about 9 hours ago
Warren Buffett and his company, Berkshire Hathaway, have been purchasing shares of Sirius XM Holdings, a stock that some Wall Street analysts recommend selling despite its attractive 5% dividend yield. Since the company's corporate restructuring and stock split in 2024, shares have dropped significantly. Sirius XM faces challenges in subscriber growth amidst increasing competition from streaming services. Although the management has laid out a comprehensive turnaround strategy, many analysts remain doubtful about the company's ability to recover, highlighting the stock as a potential risk for investors, while still offering a generous dividend for those willing to hold long-term.
Source: YAHOO