Berkshire Buys More Sirius and Liberty Media !!!!!
SIRI has potential for many gains in efficiency. As a consumer, I rate the product HIGH. The marketing and pricing model is STUPID! Enter Warren. Think GEICO. SIRI prices TOO high $15+ pm, and then spends a FORTUNE trying to get people to re-sign for $5 pm once they drop. How stupid is that? Just price the service at $7-8ish and watch revenue double!!! And their statements and call centers? YEECH. Great product! Change Pricing, upgrade customer service (out of India or Thailand, or wherever). make statements and accounting reconcilable. Thank You.
Should be 6.50. So crooked. Driven down so big boys can buy more.
Another good day coming 5.18 close today
I won't sell a dime!!!!!! Sirius Xm stands alone!! No competition!! Fundamentals are excellent!!!!!! Warren Buffett say's Sirius Xm is a BUY!!!!
Amazon + Sirius/XM = Global Domination = $100 per share and eventually $1000 per share. Strong Buy Too Strong!!!
What you saw last Wednesday is what they call a "buying opportunity."
Berkshire buys more liberty and siri. Now, the squeeze is really on. Up, up, and away!!!
Poor Duke: The Imbecile is suffering huge losses Shorting the markets the past few years. Nice to see everyone Ignores this imbecile every week
Dear Jim Porky Pig Meyer, I'm sorry for saying all those bad things about you yesterday !!!!!
Ted Weschler, one of Berkshire Hathaway's ( BRK/A ) acolytes to the Oracle of Omaha, has apparently directed the purchase of $131 million more in stocks that track Sirius XM Holdings ( SIRI ) . Just last month, Weschler steered Berkshire to buy nearly a quarter billion dollars of Liberty Media (LSXMA, LSXMK) shares that track Sirius. Berkshire also disclosed that it was an overall holder of more than 10% of Liberty SiriusXM.
From May 15 through 17, Berkshire bought about 1.9 million series C Liberty SiriusXM shares for $68 million, and half a million series A Liberty SiriusXM shares for about $19 million. Then, from May 18 through 22, Berkshire bought 680,000 series C shares for $26 million, and about half a million series A shares for $19 million. Series A shares each carry one vote and series C shares are nonvoting. The series A, B (which carry 10 votes each) and C shares collectively reflect Liberty's stake in Sirius XM, now pegged at 68%.
Berkshire now holds 29.8 million of the series C Liberty SiriusXM shares and 14.2 million series A Liberty SiriusXM shares. Those shares constitute a stake of 13.1%, making Berkshire the largest holder -- even ahead of Liberty Chairman John Malone, who has an 8.2% stake, according to S&P Capital IQ.
Berkshire's ownership of Liberty SiriusXM shares boils down to representing about a 9% stake in Sirius. What's interesting is that Berkshire has also recently bought more Sirius shares. Berkshire disclosed last week that at the end of the first quarter it held more than 172 million Sirius shares, which S&P Capital IQ puts at a 3.2% stake. That's up nearly six million shares from the fourth-quarter disclosure, when Berkshire first reported it owned Sirius shares. Berkshire is the second-largest holder of Sirius shares; Liberty with its more than 3.1 billion shares is by far at the top. Curiously, both the third- and fourth-largest Sirius holders, BlackRock (BLK) and Vanguard Group, respectively, trimmed their holdings in the first quarter -- BlackRock by 3% and Vanguard by over 7%.
Why would Berkshire buy both Sirius and a stock that tracks Sirius? Each security offers different things. The Liberty trackers, which don't pay dividends, offer ownership of Sirius at a discount to the open market. Owning Sirius stock directly provides a 0.8% dividend yield and direct vote. Although Liberty has a commanding stake in Sirius, there could come a time when Berkshire wants to raise an issue, and those votes could come in handy.
8k out we now own 70% economic interest and 33% voting interest in Sirius Canada.
Not only did Buffett and Malone obtain more, there were seven other (believe SIRI directors/managers) who acquired at least 13,000 shares each yesterday.
Jim Porky Pig Meyer is talking at the 45th annual J. P. Morgan Global Technology and Telecom Conference, but the real reason he's there is the all you can eat buffet !!!!!
TM4G Investments reiterates SBTS rating and states this stock is the best thing that has happened since sliced bread. Strong Buy Too Strong!!!
Today was a good day for Sirius XM.
I was screaming at myself in the mirror this morning! I should have BOUGHT under $1!! Good luck men.
Excited to see a lot of buying in each day this week this is a great sign. It didn't even have to fight the 5$ break either which means we could keep moving higher through next week, excited to see what Canada xm will bring to shareholder down the road. Siri themselves buying back shares, coming into good months for car sales Buffett buying. Not to mention the potential in the future use of these satellites endless opportunities 🐃🐃🐃