Warren Buffett Isn't Buying Many Stocks These Days – But He Can't Get Enough of This One
It's no big secret that Warren Buffett has been a net seller of stocks recently. Thanks to several massive stock sales, and a few smaller ones, Berkshire Hathaway's (NYSE: BRK.A)(NYSE: BRK.B) cash stockpile has ballooned to $325 billion as of the most recent quarter, far more than the conglomerate has ever had on hand before.However, this doesn't mean that Buffett and his team haven't been putting any money to work. In fact, there is one stock that Berkshire has been building a position in and recently added more. Now, Berkshire owns 35.4% of one industry-leading company in its massive stock portfolio.The company is satellite radio leader SiriusXM (NASDAQ: SIRI), which operates its own radio subscription service and owns the Pandora platform as well. As we'll see, there's a lot not to like about Sirius, but there are also plenty of reasons to like it from a risk-reward perspective. Continue reading
It's no big secret that Warren Buffett has been a net seller of stocks recently. Thanks to several massive stock sales, and a few smaller ones, Berkshire Hathaway's (NYSE: BRK.A)(NYSE: BRK.B) cash stockpile has ballooned to $325 billion as of the most recent quarter, far more than the conglomerate has ever had on hand before.
However, this doesn't mean that Buffett and his team haven't been putting any money to work. In fact, there is one stock that Berkshire has been building a position in and recently added more. Now, Berkshire owns 35.4% of one industry-leading company in its massive stock portfolio.
The company is satellite radio leader SiriusXM (NASDAQ: SIRI), which operates its own radio subscription service and owns the Pandora platform as well. As we'll see, there's a lot not to like about Sirius, but there are also plenty of reasons to like it from a risk-reward perspective.
