SIRI Stock Recent News

In 1973, Berkshire Hathaway (BRK.A 1.42%) (BRK.B 1.11%) held its first annual shareholder meeting in the cafeteria of one of its subsidiaries and drew a few dozen people. Roughly 50 years later, around 40,000 people make the pilgrimage to Omaha each year.

Warren Buffett likely believes it is, as he has increased purchases of SiriusXM (SIRI 1.55%) stock for the Berkshire Hathaway portfolio.

Sirius XM Holdings stock (NASDAQ: SIRI) has declined by about 60% this year, amid several challenges, including a sluggish recovery in the automotive industry and adverse advertising trends. Now we believe that Sirius stock is undervalued post the sell-off, with our fair estimate of the stock's value coming at $27 per share almost 25% ahead of the current market price (Jan. 9) on account of the company's low valuation.

Berkshire Hathaway (BRK.A 0.29%) (BRK.B 0.34%) owns about 45 stocks in its $300 billion portfolio, many of which were hand-selected by CEO and legendary investor Warren Buffett himself. While there's a solid case to be made in favor of pretty much every stock Berkshire owns, there are some that look more attractive than others right now.

Looking to put money to work in the new year? You may want to peruse Warren Buffett's portfolio for ideas.