$SIRI - WATCHLIST -
Added 2024-11-22 16:49:54 +0000 UTCOk I have gone down a bit of a rabbit hole to figure out why Buffett has been buying $SIRI so aggressively and currently has been buying at around $27 over the last month.
First of all, they are making a loss but right now their divisions are merging, so will need at least one more earnings report to see how the merger has improved on fundamentals
What I didn't know is that they now own F1, they bought the entire company and it is one of the fastest growing sports globally, especially after the strong break into the US after the hit show Drive To Survive.
In spite of negative earnings, their FCF is +$1 Billion per year and Cash is +1$1.8 Billion....with a market cap of $8.8 Billion....so if earnings can turn positive, you have a very strong list of fundamentals and FWD PE is 8.
https://www.youtube.com/watch?v=wa35gfoVyuY
This video explains how the company has merged, what they own and the discrepancy in value since merging.....meaning there is currently 25% difference in total value and their market cap.
The chart looks good too....a sharp declining wedge between the 0.618 Fib and 0.78 Fib....where the apex reached $17.75.
So a breakout of this wedge and we could see a very straight forward +25% gain.
Heres the kicker, they have a Dividend of 4.2% too. Very attractive.
Comments
I noticed they have taken over the building where Indeed used to be in Dublin at the St Stephens green Luas stop. Apparently it is a new Tech hub for EMEA.
Foggy
2024-11-25 09:35:46 +0000 UTCLiberty owns SIRI and F1 not SIRI owning...
AL
2024-11-22 21:42:41 +0000 UTCthey bought F1 from liberty mutual? when?
AL
2024-11-22 21:40:42 +0000 UTCThank you thank you. I watched the video. The takeaway I believe is that Buffet is buying Liberty Global class A and C shares (correct me if I'm wrong) since they trade at lower valuation than SIRI shares.; however; not sure why Buffet bought both Liberty Global (A and C shares) and SIRI if it's ultimately Liberty Global that's mis-priced (at ~25% variance). Anyway video does somewhat mention the f1 ownership.
Grady
2024-11-22 17:42:02 +0000 UTCVery intriguing after watching that YouTube video, makes much more sense why Buffett has been buying now. Will be looking for a breakout of the wedge to start a position
Lucas
2024-11-22 17:41:16 +0000 UTCCheck out the video
Gareth Neary
2024-11-22 17:08:09 +0000 UTCCan you provide the source that they own f1? Did some digging and nothing leading to this. Thanks!
Grady
2024-11-22 17:03:19 +0000 UTCThanks for the insight Cap 🤝
Josh Stevens
2024-11-22 17:02:12 +0000 UTCInteresting - thanks
Sam
2024-11-22 16:54:31 +0000 UTC
