“Shares that track Liberty Sirius XM's stock fell further Tuesday, even after Warren Buffett's investment vehicle Berkshire Hathaway Inc. disclosed that it boosted its stake by nearly $100 million.
Buffett has now spent roughly $465.4 million to bulk up his stake Liberty Sirius XM Series C (LSXMK) and Series A (LSXMA) shares. He now owns about 30% of Liberty SiriusXM's outstanding shares.”
It's interesting that now is the time for Warren Buffet, and Berkshire Hathaway to buy in. I've never even considered SiriusXM, but this has definitely piqued attention. Just a deep value play or something else we're just glancing over?
Leave a Reply