Reported about 1 month ago
Warren Buffett, CEO of Berkshire Hathaway, has significantly increased his holdings in Sirius XM Holdings, a satellite radio company, purchasing over 3.5 million shares for more than $86.7 million. Despite recent struggles, Sirius XM boasts strong recurring revenue and substantial free cash flow, appealing to Buffett's investment strategy. With a current dividend yield of about 3.9% and an analyst projecting a potential 58% upside, Sirius XM remains an attractive option in the market.
Source: YAHOO