Sirius XM Stock News

Those familiar with Warren Buffett may know that he has increased the value of his company, Berkshire Hathaway, by an annual average of around 20% over the past 60 years. That's pretty amazing, given that the stock market has averaged annual returns of close to 10% over many decades.

Car entertainment has come a long way since the launch of satellite radio at the turn of the 21st century. When XM and Sirius each launched their respective satellite services, they became immediate competitors to terrestrial radio and cassette tapes or CDs.

All in all, the most recent quarterly earnings season on the U.S. market was a positive one. Many companies exceeded the consensus analyst estimates for revenue, profitability, or both.

On the surface, there may not be a lot to like when it comes to Sirius XM Holdings (SIRI 0.22%). The satellite radio operator has been a monopoly since regulators cleared the combination of Sirius and XM 17 years ago, but that doesn't mean that the platform has the market cornered.

Wall Street is a stomping ground for wealth creation, and few investors know this better than Berkshire Hathaway's (BRK.A -0.42%) (BRK.B -0.35%) billionaire CEO Warren Buffett.

Sirius XM (SIRI 0.69%) presents investors with a unique situation. On the one hand, it's the only satellite radio provider in the U.S., which gives it a monopoly position in the industry.

One stock that may look like an obvious buy at first glance is SiriusXM Holdings (SIRI -2.23%). On the surface, it is the sole company granted commercial satellite broadcast rights in the U.S. Moreover, it trades at a low valuation and offers a generous dividend, a likely reason for Warren Buffett's Berkshire Hathaway to hold a 36% stake in the company.

The sun is setting on one of Wall Street's most illustrious investing careers. By the end of the year, Berkshire Hathaway (BRK.A 0.92%) (BRK.B 1.38%) CEO Warren Buffett will retire as his company's day-to-day leader and hand the reins over to Greg Abel.