It doesn't make any sense to me, the company has nothing to do with Buffett's other investments.
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2Mo
@User03 Is a classic buffet 👍
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@Gerit In what way? When was he active in such an industry before?
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@User03 I would now classify the sector as telecommunications.
P/E ratio of 8
Even at first glance, it looks like his prey scheme.
P/E ratio of 8
Even at first glance, it looks like his prey scheme.
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@Der_Dividenden_Monteur yes low P/E ratio, but not one of Buffett's value stocks, what has he done in the industry so far? Finance, insurance, industry okay, but media? Seems more like a colleague of his
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2Mo
@User03
First, it's an abitrage play, the two SiriusXM stock types are combined in a reverse split, one trades much lower than the other, so you get the difference after a merger.
secondly, Buffett once said that he doesn't exclude any sector/company as a matter of principle, he looks at each one individually and excludes each one ("to hard pile"), it's not even about understanding the product, but only how a company does business and how consumers behave towards the product.
I hope it's reasonably understandable, the Sirius story is not new in itself, so I haven't quite got it down, for the rest I can recommend the Partnership Letters, they start in 1954 and the more you read, the easier it is to understand the connections and also what else he says at the annual general meetings 👍
First, it's an abitrage play, the two SiriusXM stock types are combined in a reverse split, one trades much lower than the other, so you get the difference after a merger.
secondly, Buffett once said that he doesn't exclude any sector/company as a matter of principle, he looks at each one individually and excludes each one ("to hard pile"), it's not even about understanding the product, but only how a company does business and how consumers behave towards the product.
I hope it's reasonably understandable, the Sirius story is not new in itself, so I haven't quite got it down, for the rest I can recommend the Partnership Letters, they start in 1954 and the more you read, the easier it is to understand the connections and also what else he says at the annual general meetings 👍
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2Mo
@User03 Ted & Todd (the "colleagues") "only" have a budget of. 10 billion each and always invest at least 1 billion in a company (sometimes only 900 million - you can pay close attention to this)
Of course Buffett also buys/trades when one of them comes up with something great, but with Sirius it really seems like a classic, young Buffett move. 😃
Of course Buffett also buys/trades when one of them comes up with something great, but with Sirius it really seems like a classic, young Buffett move. 😃
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