Old tech play Sirius could offer new tech returns, Barron’s says

Berkshire Hathaway (BRK.B) CEO Warren Buffett is a fan of Sirius XM’s (SIRI) satellite radio service-and investors should be fans of its stock, Andrew Bary writes in this week’s edition of Barron’s. Berkshire is now the company’s largest shareholder after increasing its stake to 31% of the company’s shares, worth some $2.6B. Buffett’s enthusiasm for the service and Berkshire’s big investment haven’t helped Sirius XM shares, which, at about $25, are down more than 50% this year, the author notes. The stock, now trading at a 12-year low, looks inexpensive at about eight times this year’s estimated earnings and with a 4.5% dividend yield, the publication adds.