SIRI has done that split-off with Liberty Media and Berkshire Hathaway just increased their stake to 33%. SiriusXM has more users than Spotify when including Pandora and is sitting rather undervalued ie. Warren Buffet takes advantage. And he’s picky. Something appears to be cooking. Acquisition target? Cause the ER wasn’t that good and he’s not really the yolo’ing kind is he?
Keep in mind the recent reverse split. You don’t want to buy those cause that’s the pennystock playbook. However, in rare cases prior to an acquisition it may be a term for the acquisition itself to take place. They had no non-compliamce issues and the price was not below $2 pre-split.
So that is clearly unusual. When a reverse split, which is THE most important tool for scamming predators, appears to NOT be used for the sole intent of diluting to get paid and live like kings, that sticks out to me. I know how pennystocks operate and this is not how.
Ex-date is today Nov 5 and I’ve heard something about FTD’s outstanding. Can anyone confirm?
I’m not saying it will go to the moon and not before a 30% drop. Maybe it’s too obvious to happen idk. Or maybe we’re supposed to think it’s too obvious to happen so we’re like “naah” and then when it happens we’re like “God damn it I knew it!”.
Either way I see it as a stamp of approval and I started a small position Friday in the PM. I hope it’ll drop honestly. I’d like a larger position in this particular case. And Yesterday it did drop so I’ve added a little bit more.
Not easy to find a good management and Warren Buffet is known for his and Charlie Munger’s need to like a company’s management and the way they run the business.
EDIT: The 200MA on the 1hr chart or 50MA on the 4hr chart MAY provide support. Placed a little extra buy order at 25 if/when it closes the gap.
GOLD EDIT: My man just brought it to my attention that their new Sirius 360L and OEM radios transmit and receive on a decent bandwith. Perfect for telemetry, diagnostics, GPS - data that is valuable to first responders, insurance companies, law enforement etc.
And they have a legal monopoly in satellite radio.
THAT’s what Berkshire Hathaway sees coming - the value of the data only SiriusXM can provide. Meet the next generation of road safety:
[RapidSOS](https://rapidsos.com/the-next-generation-of-road-safety-sirius-xm-and-rapidsos/)
News from Nov 14
https://www.idaireland.com/latest-news/press-release/siriusxm-opens-dublin-technology-hub
[Sirius is hiring a Senior Security Incident Response Engineer](https://imgur.com/a/HLPKyKV)
[“Sirius is a legal monopoly”](https://www.fool.com/investing/2024/11/04/1-stock-split-stock-to-buy-in-november-2-to-avoid/)
[Maintained at Outperform with a $40/share by Barrington Research](https://www.tradingview.com/news/DJN_DN20241104007623:0/)
[After Its Reverse Stock Split, Is SiriusXM Satellite Radio a Buy?](https://finance.yahoo.com/news/reverse-stock-split-siriusxm-satellite-154100152.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmRrLw&guce_referrer_sig=AQAAAJTi3290W4fe_e_MrmJjxBJCraylAsodWVjitdyapgHy2VLnLr4jiDZgdBmqPbG3rJ-w3lHTT_O_s77nknuv4a6nhkYFIT_K3ISu03YG5uvTrhwa6FJP4hh-mvURjMSAdPZAuJuMFOr3zWGWM8_5DjVwSmRSmysxjfRRrD3sG_P2)