<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2024/08/siriusxm_refresh_social-insitu-scaled.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2024/08/siriusxm_refresh_social-insitu-scaled.jpg"/></p>
<p>沃伦·巴菲特以其审慎和战略性的投资方式闻名，最近通过大幅增持 Sirius XM Holdings Inc（纳斯达克股票代码：SIRI）股份 262%，成为头条新闻。</p>
<p>这一举动尤为突出，特别是因为 Sirius XM 正准备在 2024 年第三季度进行股票的逆向拆分。</p>
<p>逆向拆分通常被视为财务疲弱的迹象，通常是为了符合主要交易所的最低挂牌标准而实施的。</p>
<p>然而，巴菲特的投资表明了对 Sirius XM 财务健康和前景的更为细致的看法。</p>
<h2>Sirius 逆向拆分并不意味着财务疲弱</h2>
<p>Sirius XM 计划的逆向拆分是其即将与 Liberty Media 的 Sirius XM 跟踪股票集团合并后的更广泛战略的一部分。</p>
<p>该公司目前拥有大量流通股，一旦合并完成，将进行 1 比 10 的逆向拆分。</p>
<p>这一举措旨在整合其股本，而不是应对摘牌威胁，反映了战略重组而非财务困境的信号。</p>
<p>这一决定强调了 Sirius XM 不会被摘牌的风险，也不是因为财务疲弱而进行拆分。</p>
<p>对于像巴菲特这样的投资者，这一战略决定符合公司更广泛的目标和稳定性，使其成为一个吸引人的投资机会，尽管进行了逆向拆分。</p>
<h2>巴菲特为何购买 Sirius XM 股票？</h2>
<p>巴菲特决定大幅增持 Sirius XM 股份可以归因于几个关键因素。</p>
<p>首先，Sirius XM 在美国卫星广播市场上运营为 “合法垄断”。</p>
<p>作为唯一持牌的卫星广播运营商，它在订阅服务上享有相当的定价权，有助于它在通货膨胀压力之下保持领先地位。</p>
<p>此外，Sirius XM 约 77% 的收入来自订阅，与传统广播运营商严重依赖广告收入的情况形成对比。</p>
<p>这种基于订阅的模式提供了更可预测的现金流，使 Sirius XM 在经济衰退期间更具弹性。</p>
<p>此外，Sirius XM 的股价目前仅为未来收益的 8 倍，这一估值水平自 1994 年公司上市以来就没有见过。</p>
<p>这种历史上低估值很可能增加了 Sirius XM 股票对像巴菲特这样的价值投资者的吸引力。</p>
<p>巴菲特在 Sirius XM 中增持股份符合他更广泛的投资策略，其中包括最近收购的 Ulta Beauty 股票。</p>
<p>通过投资 Sirius XM，巴菲特正在利用一家拥有强劲市场地位和稳定收入模式的公司，尽管进行了股票逆向拆分。</p>
<p>这一举措反映了他对 Sirius XM 长期前景和其抵御经济不确定性能力的信心。</p>
<p>总之，虽然逆向股票拆分通常受到怀疑，但 Sirius XM 此举的战略原因，加上其独特的市场地位和有吸引力的估值，影响了巴菲特的投资决定。</p>
<p>随着逆向拆分的临近和合并的完成，所有目光都将聚焦在 Sirius XM 上，看看这些发展如何影响其股票表现和整体市场地位。</p>
<p>这篇文章最初发表在 Invezz 上，标题为《沃伦·巴菲特押注 Sirius XM，尽管即将进行股票逆向拆分：原因在这里》。</p>

天狼星XM广播

<p>沃伦·巴菲特大幅增加了他在天狼星 XM 广播公司的持股比例，增幅达到 262%，与公司即将在 2024 年第三季度进行的 1 比 10 的股票逆向拆分同时发生。这次拆分是与 Liberty Media 的合并战略举措相吻合，而非弱势的迹象。天狼星 XM 在美国卫星广播市场上运营，拥有强劲的订阅收入，作为合法垄断者，提供了在经济衰退期间的稳定性和潜在韧性。巴菲特的投资反映了他对天狼星 XM 的长期前景的信心，尽管有逆向拆分，但其吸引人的估值也是一个重要因素</p>

<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2024/08/siriusxm_refresh_social-insitu-scaled.jpg" alt="" original-src="https://invezz.com/wp-content/uploads/2024/08/siriusxm_refresh_social-insitu-scaled.jpg"/></p>
<p>Warren Buffett, known for his selective and strategic investment approach, has recently made headlines by significantly increasing his stake in Sirius XM Holdings Inc (NASDAQ: SIRI) by an impressive 262%.</p>
<div class="lb-trans"><p>沃伦·巴菲特以其审慎和战略性的投资方式闻名，最近通过大幅增持 Sirius XM Holdings Inc（纳斯达克股票代码：SIRI）股份 262%，成为头条新闻。</p>
</div><p>This move stands out, particularly as Sirius XM is preparing for a reverse stock split in the third quarter of 2024.</p>
<div class="lb-trans"><p>这一举动尤为突出，特别是因为 Sirius XM 正准备在 2024 年第三季度进行股票的逆向拆分。</p>
</div><p>Reverse splits are often perceived as a sign of financial weakness, typically implemented to comply with the minimum listing standards of major exchanges.</p>
<div class="lb-trans"><p>逆向拆分通常被视为财务疲弱的迹象，通常是为了符合主要交易所的最低挂牌标准而实施的。</p>
</div><p>However, Buffett’s investment suggests a more nuanced view of Sirius XM’s financial health and prospects.</p>
<div class="lb-trans"><p>然而，巴菲特的投资表明了对 Sirius XM 财务健康和前景的更为细致的看法。</p>
</div><h2>Sirius reverse split doesn’t signal weakness</h2>
<div class="lb-trans"><h2>Sirius 逆向拆分并不意味着财务疲弱</h2>
</div><p>Sirius XM’s planned reverse split is part of a broader strategy following its impending merger with Liberty Media’s Sirius XM tracking stock group.</p>
<div class="lb-trans"><p>Sirius XM 计划的逆向拆分是其即将与 Liberty Media 的 Sirius XM 跟踪股票集团合并后的更广泛战略的一部分。</p>
</div><p>The company, which currently has a large number of outstanding shares, will undertake a 1-for-10 reverse split once the merger is completed.</p>
<div class="lb-trans"><p>该公司目前拥有大量流通股，一旦合并完成，将进行 1 比 10 的逆向拆分。</p>
</div><p>This move is designed to consolidate its share base rather than address a delisting threat, reflecting a strategic restructuring rather than a financial distress signal.</p>
<div class="lb-trans"><p>这一举措旨在整合其股本，而不是应对摘牌威胁，反映了战略重组而非财务困境的信号。</p>
</div><p>This decision underscores that Sirius XM is not at risk of being delisted and is not undertaking the split out of weakness.</p>
<div class="lb-trans"><p>这一决定强调了 Sirius XM 不会被摘牌的风险，也不是因为财务疲弱而进行拆分。</p>
</div><p>For investors like Buffett, this strategic decision aligns with the company’s broader goals and stability, making it an attractive investment opportunity despite the reverse split.</p>
<div class="lb-trans"><p>对于像巴菲特这样的投资者，这一战略决定符合公司更广泛的目标和稳定性，使其成为一个吸引人的投资机会，尽管进行了逆向拆分。</p>
</div><h2>Why else is Buffett buying Sirius XM stock?</h2>
<div class="lb-trans"><h2>巴菲特为何购买 Sirius XM 股票？</h2>
</div><p>Buffett’s decision to significantly increase his holdings in Sirius XM can be attributed to several key factors.</p>
<div class="lb-trans"><p>巴菲特决定大幅增持 Sirius XM 股份可以归因于几个关键因素。</p>
</div><p>First, Sirius XM operates as a “legal monopoly” in the U.S. satellite radio market.</p>
<div class="lb-trans"><p>首先，Sirius XM 在美国卫星广播市场上运营为 “合法垄断”。</p>
</div><p>As the sole licensed satellite radio operator, it enjoys considerable pricing power over its subscription services, which helps it stay ahead of inflationary pressures.</p>
<div class="lb-trans"><p>作为唯一持牌的卫星广播运营商，它在订阅服务上享有相当的定价权，有助于它在通货膨胀压力之下保持领先地位。</p>
</div><p>Additionally, Sirius XM generates approximately 77% of its revenue from subscriptions, contrasting with traditional radio operators that rely heavily on advertising revenue.</p>
<div class="lb-trans"><p>此外，Sirius XM 约 77% 的收入来自订阅，与传统广播运营商严重依赖广告收入的情况形成对比。</p>
</div><p>This subscription-based model provides a more predictable cash flow, making Sirius XM potentially more resilient during economic downturns.</p>
<div class="lb-trans"><p>这种基于订阅的模式提供了更可预测的现金流，使 Sirius XM 在经济衰退期间更具弹性。</p>
</div><p>Moreover, Sirius XM shares are currently trading at just eight times forward earnings—a valuation level not seen since the company went public in 1994.</p>
<div class="lb-trans"><p>此外，Sirius XM 的股价目前仅为未来收益的 8 倍，这一估值水平自 1994 年公司上市以来就没有见过。</p>
</div><p>This historically low valuation likely adds to the attractiveness of Sirius XM stock for value-oriented investors like Buffett.</p>
<div class="lb-trans"><p>这种历史上低估值很可能增加了 Sirius XM 股票对像巴菲特这样的价值投资者的吸引力。</p>
</div><p>Buffett’s increased stake in Sirius XM fits within his broader investment strategy, which includes recently acquired stocks such as Ulta Beauty.</p>
<div class="lb-trans"><p>巴菲特在 Sirius XM 中增持股份符合他更广泛的投资策略，其中包括最近收购的 Ulta Beauty 股票。</p>
</div><p>By investing in Sirius XM, Buffett is capitalizing on a company with a strong market position and stable revenue model, despite the reverse stock split.</p>
<div class="lb-trans"><p>通过投资 Sirius XM，巴菲特正在利用一家拥有强劲市场地位和稳定收入模式的公司，尽管进行了股票逆向拆分。</p>
</div><p>This move reflects his confidence in Sirius XM’s long-term prospects and its ability to weather economic uncertainties.</p>
<div class="lb-trans"><p>这一举措反映了他对 Sirius XM 长期前景和其抵御经济不确定性能力的信心。</p>
</div><p>In conclusion, while reverse stock splits are typically viewed with skepticism, Sirius XM’s strategic reasons for this move, combined with its unique market position and attractive valuation, have influenced Buffett’s investment decision.</p>
<div class="lb-trans"><p>总之，虽然逆向股票拆分通常受到怀疑，但 Sirius XM 此举的战略原因，加上其独特的市场地位和有吸引力的估值，影响了巴菲特的投资决定。</p>
</div><p>As the reverse split approaches and the merger is completed, all eyes will be on Sirius XM to see how these developments impact its stock performance and overall market position.</p>
<div class="lb-trans"><p>随着逆向拆分的临近和合并的完成，所有目光都将聚焦在 Sirius XM 上，看看这些发展如何影响其股票表现和整体市场地位。</p>
</div><p>The post Warren Buffett bets on Sirius XM amid upcoming reverse stock split: Here's why appeared first on Invezz</p>
<div class="lb-trans"><p>这篇文章最初发表在 Invezz 上，标题为《沃伦·巴菲特押注 Sirius XM，尽管即将进行股票逆向拆分：原因在这里》。</p>
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沃伦·巴菲特押注天狼星 XM 广播即将进行的反向股票拆分：以下是原因