Why is Warren Buffett still hanging on to Sirius XM?

General
21

@Marlon
Could be a hardware issue unless you’re in a tunnel.

22

Dru said:
@Marlon
Could be a hardware issue unless you’re in a tunnel.

Or areas with tall trees or narrow streets. It’s great on open highways but has its limits.

23

Dru said:
@Marlon
Could be a hardware issue unless you’re in a tunnel.

I live in Charlotte and hit a dead spot on my daily commute.

24

Blair said:
Truckers are huge fans. It works everywhere without dead spots, and you don’t have to mess with your phone while driving.

I’m hooked. I listen to sports, talk radio, music, everything. Can’t drive without it!

25

Blair said:
Truckers are huge fans. It works everywhere without dead spots, and you don’t have to mess with your phone while driving.

But have you seen Apple CarPlay? Sirius is in for trouble.

26

Maybe he’s just a huge fan of the ‘Hair Nation’ channel.

27

Jules said:
Maybe he’s just a huge fan of the ‘Hair Nation’ channel.

Aren’t we all?

28

Jules said:
Maybe he’s just a huge fan of the ‘Hair Nation’ channel.

Does he tune in to Madison?

29

Gray said:

Jules said:
Maybe he’s just a huge fan of the ‘Hair Nation’ channel.

Does he tune in to Madison?

When I canceled, I told them I’d stay if they got rid of Madison. :joy:

30

I prefer Sirius over streaming—it feels more personal with DJs and an actual station setup, plus I don’t have to mess with my phone while driving.

31

It’s all about value. Good cash flow, high revenue.

32

They probably threatened to call him every day if he sells a single share.

33

Might have been a merger arbitrage play. Liberty Sirius XM Group and Sirius XM Holdings had some consolidation plans.

34

Sidney said:
Might have been a merger arbitrage play. Liberty Sirius XM Group and Sirius XM Holdings had some consolidation plans.

Plus, after merging with Liberty, they’d control F1 broadcasting rights.

35

For the ‘90s on 9’ channel, obviously!

36

Sirius XM is more than just music—it’s used in aviation, marine, and rail for weather and other important data. They have a lot of valuable assets and licenses.

37

Not only holding, he’s been buying more shares.

38

Their satellite infrastructure is a huge advantage. They have spectrum rights that give them a ‘legal monopoly’ of sorts. Even if it’s not radio forever, that’s a pretty strong moat.

39

It’s a cash cow with low costs and minimal R&D needs.

40

For $8 a month, XM gives me all the content I could want. I think it’s a great deal.