<p>在華爾街上，沒有比 <strong>伯克希爾哈撒韋</strong>（BRK.A）（BRK.B -0.58%）首席執行官沃倫·巴菲特更受關注的億萬富翁理財經理了。這位被準確地稱為 “奧馬哈之謎” 的人自將近六十年前擔任首席執行官以來，將公司的 A 類股（BRK.A）的總回報率提高了超過 560 萬%。</p>
<p>跟隨巴菲特的步伐已經成為一種穩賺不賠的長期投資策略。由於證券交易委員會（SEC）要求提交的 13F 表格，模仿他的交易變得簡單。</p>
<p>在季度結束後的 45 個日曆日內，資產管理規模至少為 1 億美元的機構投資者被要求向 SEC 提交 13F 表格。這一提交提供了華爾街頂尖理財經理正在買賣哪些股票的簡明快照——每個季度最受期待的 13F 莫過於伯克希爾哈撒韋。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy83OTQ3MTQvYnVmZmV0dDExLXRtZi5qcGcmdz03MDA?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://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy83OTQ3MTQvYnVmZmV0dDExLXRtZi5qcGcmdz03MDA"/></p>
<p>伯克希爾哈撒韋首席執行官沃倫·巴菲特。圖片來源：The Motley Fool。</p>
<p>在過去的兩年裏，巴菲特及其團隊一直在大幅減持股票。根據伯克希爾哈撒韋自 2022 年 10 月 1 日至 2024 年 6 月 30 日的七個季度現金流量表，巴菲特及其首席投資助手託德·康姆斯和泰德·韋施勒賣出的股票比購買的股票多了近 1320 億美元。</p>
<p>儘管沒有哪隻沃倫·巴菲特的股票像伯克希爾的頭號持股 <strong>蘋果</strong>（AAPL -0.26%）那樣被拋售，但奧馬哈之謎正在發現華爾街最顯著的 2024 年股票分割逆勢股票中的價值。</p>
<h2>自 2023 年 10 月以來，巴菲特已經出售了超過 5.15 億股蘋果股票</h2>
<p>在沃倫·巴菲特的大舉減持中，頭號持股蘋果已經被_顯著_減少。在 2023 年 10 月 1 日至 2024 年 6 月 30 日的三個季度中，伯克希爾在蘋果的持股減少了超過 5.15 億股，或 56%，精確地持有 4 億股。</p>
<p>温和的利潤回吐很可能是誘使巴菲特出售的催化劑。在伯克希爾哈撒韋五月初的年度股東大會上，他認為企業税率可能會在未來上升。鑑於他的公司在蘋果上持有鉅額未實現收益，他建議現在以較低的税率鎖定一些收益，最終將會受到伯克希爾哈撒韋股東的青睞。</p>
<p>此外，巴菲特繼續讚揚蘋果的業務，即使他大幅減少了公司的頭號持股。他讚賞蘋果強大的品牌和客户忠誠度。</p>
<p>此外，巴菲特非常欣賞蘋果 CEO 蒂姆·庫克為蘋果所做的努力。他正在監督一個旨在推動蘋果高毛利服務部門的多年轉型，並主導了任何上市公司中最大的股票回購計劃。自 2013 年開始實施股票回購以來，蘋果已經回購了價值 7006 億美元的普通股，並將其流通股數減少了 42.2%。這對公司的每股收益（EPS）產生了明顯的積極影響。</p>
<p>但儘管有所有這些積極因素，蘋果的增長引擎已經停滯。在過去兩年中，其實體設備（包括 iPhone、iPad 和 Mac）的銷售一直疲軟。如果一個增長型公司的銷售停滯不前，可能會暴露其估值溢價。</p>
<p>當伯克希爾哈撒韋最聰明的投資者，包括巴菲特，於 2016 年第一季度首次購買蘋果股票時，其估值在過去 12 個月的市盈率（TTM EPS）之間。如今，蘋果的估值幾乎是 TTM EPS 的 36 倍，這是沃倫·巴菲特這樣的狂熱價值投資者很難支持的水平——尤其是考慮到公司的銷售停滯不前。</p>
<p>奧馬哈之謎的廣泛拋售也暗示了華爾街的價值缺失。這是歷史上股價最昂貴的股市之一，伯克希爾創紀錄的 2769 億美元現金儲備清楚地表明，巴菲特及其團隊正在努力尋找有吸引力的交易……只有一個例外。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy83OTQ3MTQvcGFwZXItY2VydGlmaWNhdGUtc2hhcmVzLWludmVzdC1zdG9jay1zcGxpdC1tYXJrZXQtcmV2ZXJzZS1nZXR0eS5qcGcmdz03MDA?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://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy83OTQ3MTQvcGFwZXItY2VydGlmaWNhdGUtc2hhcmVzLWludmVzdC1zdG9jay1zcGxpdC1tYXJrZXQtcmV2ZXJzZS1nZXR0eS5qcGcmdz03MDA"/></p>
<p>圖片來源：Getty Images。</p>
<h2>奧馬哈之謎無法停止購買這支獨特的股票分割股</h2>
<p>在沃倫·巴菲特創紀錄的拋售潮中，有一隻股票是他和他的團隊無法停止購買的。有趣的是，這也是今年完成股票逆向分割的最顯著公司。我説的是衞星廣播運營商 <strong>Sirius XM Holdings</strong>（SIRI 0.11%）。</p>
<p>去年 12 月，Sirius XM 宣佈計劃與 Liberty Media 的 Sirius XM 跟蹤股票 Liberty Sirius XM Group 合併。Liberty Media 是 Sirius XM 的大股東，但其三類跟蹤股票的表現很少與 Sirius XM 的普通股相匹配。將這些股票合併為一類結束了這種混亂。</p>
<p>與此同時，進行 1 比 10 的逆向分割將 Sirius XM 的股價從每股中低 2 美元提高到合併後的中 20 美元。大多數逆向分割是出於經營弱勢的位置進行的，必要時避免從主要股票交易所摘牌，但 Sirius XM 並沒有面臨摘牌的危險。這次分割的唯一目的是讓其股票重新引起高知名度的資金經理的關注，否則他們可能會避開低於 5 美元的股票交易。</p>
<p>在過去的一年裏，巴菲特及其團隊建立了對 Liberty Sirius XM Group 兩類股票以及 Sirius XM Holdings 的持股。根據上週向 SEC 提交的 Form 4 文件，詳細説明了購買了額外 156 萬股 Sirius XM 股票，巴菲特的公司現在持有超過 1.1 億股。這佔公司流通股的近三分之一。</p>
<p>巴菲特最喜歡的一點或許是 Sirius XM 是一個合法的壟斷企業。儘管它仍然與傳統廣播運營商競爭聽眾，但它是唯一持有衞星廣播許可的公司。保持合法的護城河應該為 Sirius XM 提供有意義的訂閲定價權，並導致可預測的營運現金流。</p>
<p>伯克希爾的頂尖投資專家可能也注意到，Sirius XM 的銷售渠道使其在其他廣播公司面前具有固有優勢。而在線和地面廣播運營商在很大程度上依賴廣告支出，這是高度週期性的，Sirius XM 在 2024 年上半年 77% 的淨銷售額來自訂閲，大約 19% 來自廣告。在經濟動盪時期，訂户取消服務的可能性要遠低於企業削減營銷預算的可能性。</p>
<p>Sirius XM 還具有成本優勢。具體來説，無論公司擁有多少訂户，其傳輸和設備費用往往是相對固定的。如果 Sirius XM 能夠隨着時間增加訂户數量，這很可能會導致其營運利潤率擴大。</p>
<p>最後，Sirius XM 股票具有真正的價值主張。股價為未來一年預期每股收益的 8 倍，其大約每股 1.06 美元的基本年度股息相當於近 4% 的股息收益率。在歷史上價格昂貴的股市中，Sirius XM 在各個方面都吸引了奧馬哈神諭的注意。</p>

伯克希爾哈撒韋-B

蘋果

伯克希爾哈撒韋-A

<p>沃倫·巴菲特已經出售了伯克希爾 - 哈撒韋公司在蘋果公司的股份的 56%，減少了超過 5.15 億股。這一舉動發生在更廣泛的賣出趨勢中，巴菲特的團隊在過去兩年中賣出的股票金額比購買的多約 130 億美元。儘管如此，巴菲特繼續讚揚蘋果的業務和領導力。有趣的是，他正在投資於天狼星 XM 控股公司，這是 2024 年最引人注目的逆向股票拆分，因為他在一個具有挑戰性的市場中尋求價值</p>

<p>There's arguably not a billionaire money manager that garners more attention on Wall Street than <strong>Berkshire Hathaway</strong>'s (BRK.A) (BRK.B -0.58%) chief, Warren Buffett. The accurately dubbed &#34;Oracle of Omaha&#34; has led his company's Class A shares (BRK.A) to a mouthwatering aggregate return of more than 5,600,000% since he became CEO almost six decades ago.</p>
<div class="lb-trans"><p>在華爾街上，沒有比 <strong>伯克希爾哈撒韋</strong>（BRK.A）（BRK.B -0.58%）首席執行官沃倫·巴菲特更受關注的億萬富翁理財經理了。這位被準確地稱為 “奧馬哈之謎” 的人自將近六十年前擔任首席執行官以來，將公司的 A 類股（BRK.A）的總回報率提高了超過 560 萬%。</p>
</div><p>Riding Buffett's coattails has been a surefire long-term investment strategy. Mirroring his trades is made simple thanks to required Form 13F filings with the Securities and Exchange Commission (SEC).</p>
<div class="lb-trans"><p>跟隨巴菲特的步伐已經成為一種穩賺不賠的長期投資策略。由於證券交易委員會（SEC）要求提交的 13F 表格，模仿他的交易變得簡單。</p>
</div><p>No later than 45 calendar days following the end to a quarter, institutional investors with at least $100 million in assets under management are required to file Form 13F with the SEC. This filing provides a concise snapshot of which stocks Wall Street's best money managers are buying and selling -- and there's no 13F more anticipated each quarter than Berkshire Hathaway.</p>
<div class="lb-trans"><p>在季度結束後的 45 個日曆日內，資產管理規模至少為 1 億美元的機構投資者被要求向 SEC 提交 13F 表格。這一提交提供了華爾街頂尖理財經理正在買賣哪些股票的簡明快照——每個季度最受期待的 13F 莫過於伯克希爾哈撒韋。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy83OTQ3MTQvYnVmZmV0dDExLXRtZi5qcGcmdz03MDA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F794714%2Fbuffett11-tmf.jpg&amp;op=resize&amp;w=700"/></p>
<p>Berkshire Hathaway CEO Warren Buffett. Image source: The Motley Fool.</p>
<div class="lb-trans"><p>伯克希爾哈撒韋首席執行官沃倫·巴菲特。圖片來源：The Motley Fool。</p>
</div><p>Over the last two years, Buffett and his team have been decisive net sellers of stocks. Based on the seven quarters of cash flow statements from Berkshire Hathaway (from Oct. 1, 2022 through June 30, 2024), Buffett and his top investing aides, Todd Combs and Ted Weschler, have sold close to $132 billion more in stocks than they've purchased.</p>
<div class="lb-trans"><p>在過去的兩年裏，巴菲特及其團隊一直在大幅減持股票。根據伯克希爾哈撒韋自 2022 年 10 月 1 日至 2024 年 6 月 30 日的七個季度現金流量表，巴菲特及其首席投資助手託德·康姆斯和泰德·韋施勒賣出的股票比購買的股票多了近 1320 億美元。</p>
</div><p>While no Warren Buffett stock has been given the heave-ho quite like Berkshire's No. 1 holding, <strong>Apple</strong>(AAPL -0.26%), the Oracle of Omaha is finding value in Wall Street's most prominent reverse stock split stock of 2024.</p>
<div class="lb-trans"><p>儘管沒有哪隻沃倫·巴菲特的股票像伯克希爾的頭號持股 <strong>蘋果</strong>（AAPL -0.26%）那樣被拋售，但奧馬哈之謎正在發現華爾街最顯著的 2024 年股票分割逆勢股票中的價值。</p>
</div><h2>Buffett has sent over 515 million shares of Apple to the chopping block since October 2023</h2>
<div class="lb-trans"><h2>自 2023 年 10 月以來，巴菲特已經出售了超過 5.15 億股蘋果股票</h2>
</div><p>Amid Warren Buffett's selling spree, top holding Apple has been <em>meaningfully</em> reduced. In a three-quarter period from Oct. 1, 2023 through June 30, 2024, Berkshire's stake in Apple declined by more than 515 million shares, or 56%, to precisely 400 million shares.</p>
<div class="lb-trans"><p>在沃倫·巴菲特的大舉減持中，頭號持股蘋果已經被_顯著_減少。在 2023 年 10 月 1 日至 2024 年 6 月 30 日的三個季度中，伯克希爾在蘋果的持股減少了超過 5.15 億股，或 56%，精確地持有 4 億股。</p>
</div><p>Benign profit-taking may very well be the catalyst that enticed Buffett to ring the register. During Berkshire Hathaway's annual shareholder meeting in early May, he opined that the corporate tax rate would likely climb in the future. With his company sitting on a mammoth unrealized gain in Apple, he suggested that locking in some gains now at a lower tax rate would, eventually, be viewed favorably by Berkshire Hathaway's shareholders.</p>
<div class="lb-trans"><p>温和的利潤回吐很可能是誘使巴菲特出售的催化劑。在伯克希爾哈撒韋五月初的年度股東大會上，他認為企業税率可能會在未來上升。鑑於他的公司在蘋果上持有鉅額未實現收益，他建議現在以較低的税率鎖定一些收益，最終將會受到伯克希爾哈撒韋股東的青睞。</p>
</div><p>To add to this point, Berkshire's chief has continued to praise Apple's business, even as he sizably pared down his company's No. 1 position. He appreciates Apple's strong branding and the loyalty of its customer base.</p>
<div class="lb-trans"><p>此外，巴菲特繼續讚揚蘋果的業務，即使他大幅減少了公司的頭號持股。他讚賞蘋果強大的品牌和客户忠誠度。</p>
</div><p>Furthermore, Buffett is a big fan of what CEO Tim Cook has done for Apple. He's overseeing a multiyear transformation designed to promote Apple's higher-margin Services segment, and has spearheaded the largest share buyback program of any public company. Since initiating share repurchases in 2013, Apple has bought back $700.6 billion worth of its common stock and reduced its outstanding share count by 42.2%. This has had a decisively positive impact on the company's earnings per share (EPS).</p>
<div class="lb-trans"><p>此外，巴菲特非常欣賞蘋果 CEO 蒂姆·庫克為蘋果所做的努力。他正在監督一個旨在推動蘋果高毛利服務部門的多年轉型，並主導了任何上市公司中最大的股票回購計劃。自 2013 年開始實施股票回購以來，蘋果已經回購了價值 7006 億美元的普通股，並將其流通股數減少了 42.2%。這對公司的每股收益（EPS）產生了明顯的積極影響。</p>
</div><p>But in spite all of these positives, Apple's growth engine has stalled. Sales of its physical devices, including iPhone, iPad, and Mac, have been weak for much of the last two years. If a growth company's sales stall, it can expose its valuation premium.</p>
<div class="lb-trans"><p>但儘管有所有這些積極因素，蘋果的增長引擎已經停滯。在過去兩年中，其實體設備（包括 iPhone、iPad 和 Mac）的銷售一直疲軟。如果一個增長型公司的銷售停滯不前，可能會暴露其估值溢價。</p>
</div><p>When Berkshire Hathaway's brightest investment minds, including Buffett, first purchased shares of Apple in the first quarter of 2016, it was valued at between 10 and 12 times trailing-12-month (TTM) EPS. Today, Apple is valued at almost 36 times TTM EPS, which is a level that an ardent value investor like Warren Buffett would struggle to support -- especially with the company's sales stuck in neutral.</p>
<div class="lb-trans"><p>當伯克希爾哈撒韋最聰明的投資者，包括巴菲特，於 2016 年第一季度首次購買蘋果股票時，其估值在過去 12 個月的市盈率（TTM EPS）之間。如今，蘋果的估值幾乎是 TTM EPS 的 36 倍，這是沃倫·巴菲特這樣的狂熱價值投資者很難支持的水平——尤其是考慮到公司的銷售停滯不前。</p>
</div><p>The Oracle of Omaha's broad-based selling also alludes to the lack of value on Wall Street. This is one of the priciest stock markets in history, and Berkshire's record cash pile of $276.9 billion plainly suggests that Buffett and his team are struggling to find attractive deals... with one exception.</p>
<div class="lb-trans"><p>奧馬哈之謎的廣泛拋售也暗示了華爾街的價值缺失。這是歷史上股價最昂貴的股市之一，伯克希爾創紀錄的 2769 億美元現金儲備清楚地表明，巴菲特及其團隊正在努力尋找有吸引力的交易……只有一個例外。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy83OTQ3MTQvcGFwZXItY2VydGlmaWNhdGUtc2hhcmVzLWludmVzdC1zdG9jay1zcGxpdC1tYXJrZXQtcmV2ZXJzZS1nZXR0eS5qcGcmdz03MDA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F794714%2Fpaper-certificate-shares-invest-stock-split-market-reverse-getty.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>圖片來源：Getty Images。</p>
</div><h2>The Oracle of Omaha can't stop buying shares of this unique stock-split stock</h2>
<div class="lb-trans"><h2>奧馬哈之謎無法停止購買這支獨特的股票分割股</h2>
</div><p>Amid Warren Buffett's record selling spree, there is one stock that he and his team can't stop buying. Interestingly enough, it's also the most prominent company to have completed a reverse stock split this year. I'm talking about satellite-radio operator <strong>Sirius XM Holdings</strong>(SIRI 0.11%).</p>
<div class="lb-trans"><p>在沃倫·巴菲特創紀錄的拋售潮中，有一隻股票是他和他的團隊無法停止購買的。有趣的是，這也是今年完成股票逆向分割的最顯著公司。我説的是衞星廣播運營商 <strong>Sirius XM Holdings</strong>（SIRI 0.11%）。</p>
</div><p>In December, Sirius XM announced plans to merge with Liberty Media's Sirius XM tracking stock, Liberty Sirius XM Group. Liberty Media was the majority stakeholder in Sirius XM, but its three classes of tracking stocks rarely matched the performance of Sirius XM's common stock. Combining these shares into one class ended this confusion.</p>
<div class="lb-trans"><p>去年 12 月，Sirius XM 宣佈計劃與 Liberty Media 的 Sirius XM 跟蹤股票 Liberty Sirius XM Group 合併。Liberty Media 是 Sirius XM 的大股東，但其三類跟蹤股票的表現很少與 Sirius XM 的普通股相匹配。將這些股票合併為一類結束了這種混亂。</p>
</div><p>Meanwhile, completing a 1-for-10 reverse split lifted Sirius XM's share price from the mid-$2s to the mid-$20s following the merger. Whereas most reverse splits are undertaken from a position of operating weakness and are necessary to avoid delisting from a major stock exchange, Sirius XM was in no danger of delisting. This split was solely designed to get its shares back on the radar of high-profile money managers who might otherwise avoid stocks trading below $5 per share.</p>
<div class="lb-trans"><p>與此同時，進行 1 比 10 的逆向分割將 Sirius XM 的股價從每股中低 2 美元提高到合併後的中 20 美元。大多數逆向分割是出於經營弱勢的位置進行的，必要時避免從主要股票交易所摘牌，但 Sirius XM 並沒有面臨摘牌的危險。這次分割的唯一目的是讓其股票重新引起高知名度的資金經理的關注，否則他們可能會避開低於 5 美元的股票交易。</p>
</div><p>Over the past year, Buffett and his team built their stakes in two share classes of Liberty Sirius XM Group's stock, as well as Sirius XM Holdings. Based on a Form 4 filing with the SEC last week, which detailed the purchase of an additional 1.56 million shares of Sirius XM, Buffett's company now holds more than 110 million shares. This works out to almost a third of the company's outstanding shares.</p>
<div class="lb-trans"><p>在過去的一年裏，巴菲特及其團隊建立了對 Liberty Sirius XM Group 兩類股票以及 Sirius XM Holdings 的持股。根據上週向 SEC 提交的 Form 4 文件，詳細説明了購買了額外 156 萬股 Sirius XM 股票，巴菲特的公司現在持有超過 1.1 億股。這佔公司流通股的近三分之一。</p>
</div><p>Perhaps Buffett's favorite trait about Sirius XM is that it's a legal monopoly. Though it still competes for listeners with traditional radio operators, it's the only licensed satellite-radio company. Maintaining a legal moat should afford Sirius XM meaningful subscription pricing power and lead to predictable operating cash flow.</p>
<div class="lb-trans"><p>巴菲特最喜歡的一點或許是 Sirius XM 是一個合法的壟斷企業。儘管它仍然與傳統廣播運營商競爭聽眾，但它是唯一持有衞星廣播許可的公司。保持合法的護城河應該為 Sirius XM 提供有意義的訂閲定價權，並導致可預測的營運現金流。</p>
</div><p>Berkshire's top investment minds have likely also noticed that Sirius XM's sales channels give it an inherent advantage over other radio companies. Whereas online and terrestrial radio operators rely heavily on ad spending, which is highly cyclical, Sirius XM brought in 77% of its net sales from subscriptions and roughly 19% from advertising through the first-half of 2024. Subscribers are far less likely to cancel their service during periods of economic turbulence than businesses are to cut their marketing budget.</p>
<div class="lb-trans"><p>伯克希爾的頂尖投資專家可能也注意到，Sirius XM 的銷售渠道使其在其他廣播公司面前具有固有優勢。而在線和地面廣播運營商在很大程度上依賴廣告支出，這是高度週期性的，Sirius XM 在 2024 年上半年 77% 的淨銷售額來自訂閲，大約 19% 來自廣告。在經濟動盪時期，訂户取消服務的可能性要遠低於企業削減營銷預算的可能性。</p>
</div><p>Sirius XM possesses cost advantages over its peers, too. Specifically, its transmission and equipment expenses tend to be relatively static, regardless of how many subscribers the company has. If Sirius XM can grow its subscriber count over time, this would, presumably, lead to an expansion of its operating margin.</p>
<div class="lb-trans"><p>Sirius XM 還具有成本優勢。具體來説，無論公司擁有多少訂户，其傳輸和設備費用往往是相對固定的。如果 Sirius XM 能夠隨着時間增加訂户數量，這很可能會導致其營運利潤率擴大。</p>
</div><p>Lastly, there's a genuine value proposition with Sirius XM stock. Shares are trading at 8 times forward-year EPS, and its roughly $1.06 per share base annual payout works out to a nearly 4% dividend yield. Sirius XM is standing out in all the right ways for the Oracle of Omaha in a historically pricey stock market.</p>
<div class="lb-trans"><p>最後，Sirius XM 股票具有真正的價值主張。股價為未來一年預期每股收益的 8 倍，其大約每股 1.06 美元的基本年度股息相當於近 4% 的股息收益率。在歷史上價格昂貴的股市中，Sirius XM 在各個方面都吸引了奧馬哈神諭的注意。</p>
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Billionaire Warren Buffett Sold 56% of Berkshire's Stake in Apple and Is Piling Into Wall Street's Most Prominent Reverse Stock Split of 2024

- 沃倫·巴菲特在過去兩年內大幅減持股票，蘋果持股減少 56%。  
- 巴菲特持續增持 Sirius XM，認為其具備訂閲定價能力和穩定現金流。  
- Sirius XM 股票估值合理，前景看好，吸引巴菲特投資。  

億萬富翁沃倫·巴菲特出售了伯克希爾哈撒韋在蘋果公司 56% 的股份，並正在投資於華爾街 2024 年最引人注目的反向股票分割