Why Sirius XM Stock Just Jumped 8%
I argued last month that given a price-to-free-cash-flow ratio of 10, "dividend payments at about 4.3% annually," and plans "to buy back $1.2 billion in stock ... the case for buying Sirius XM Holdings (NASDAQ: SIRI) stock is only getting stronger."
Turns out, someone was listening.
Shares of Sirius stock gained 8.1% through 10:45 a.m. ET Monday after Warren Buffett investment vehicle Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) revealed in an SEC filing that it has increased its stake in the satellite radio company.
Source Fool.com
Berkshire Hathaway Inc. A Aktie
660.500 €
-0,68 %
