Sirius XM Stock News

Once upon a time, satellite radio looked like a get-rich-quick scheme. The two predecessors of Sirius XM Holdings (SIRI -5.42%) made some people very rich in the second half of the 1990s, as new cars started shipping with satellite-enabled radios.

Satellite radio was cool. Once. Howard Stern's jumping to the platform from terrestrial morning show programming 20 years ago turned heads.

A reverse stock split is a tool that publicly traded companies can use to manipulate their stock price and outstanding share count without changing their market caps.

Sirius XM (SIRI -5.65%) is a Berkshire Hathaway holding: The Warren Buffett conglomerate owns 37.1% of the company's outstanding shares, so the Oracle of Omaha might see something he likes about the company.

As a lifelong growth investor, I find myself stopping at yield signs these days. My affinity for disruptive companies posting monster growth will never truly go away, but this is also a great time to warm up to promising turnaround stories that also happen to be cutting chunky dividend checks for their investors.

SIRI's Fixed-rate debt sits around ~4.3% and fuels a low-cost capital structure with strong cash flow coverage. SIRI's Satellite spending cuts will unlock roughly 20% more free cash flow by 2026. Management is retiring cheap shares which boosts per-share value and ROIC.

If investors are looking for new ideas to put money into, it's a good idea to see what Warren Buffett-led Berkshire Hathaway owns. The Oracle of Omaha's investing track record speaks for itself, and some of his holdings might just be able to boost your own portfolio.

You may be surprised to learn that the largest investor in Sirius XM Holdings (SIRI 2.99%) is none other than Berkshire Hathaway (BRK.B 0.68%). Warren Buffett's widely followed conglomerate has a 37% stake in the country's lone satellite radio provider.