Billionaire Warren Buffett Is Buying Shares of One of Wall Street's Premier (and Cheapest) Legal Monopolies, Yet Again

Based on a Form 4 filing with the SEC on Aug. 4, Buffett purchased 5,030,425 shares of Sirius XM stock from July 31 through Aug. 4, at an average price of $21.16 per share. For those you without calculators, we're talking about a roughly $106.5 million purchase for a company that's sitting on more than $344 billion in cash, cash equivalents, and U.S. Treasuries, as of the end of June. Berkshire Hathaway's billionaire chief increased his company's stake in this unique business to more than 37%! Among Wall St ...