Warren Buffett took control of Berkshire Hathaway in 1965 and began stuffing its portfolio with shares of publicly traded companies and businesses it controls. Investors of all stripes watch Buffett closely, because shares of Berkshire Hathaway have delivered a 4,121,700% return since he took the helm.

A major component of Berkshire's strategy involves buying exceptional businesses at fair prices to hold over long periods. Last year, Berkshire did more selling than buying, but one of the stocks it enthusiastically acquired was Sirius XM Holdings (NASDAQ: SIRI), America's only satellite radio provider.

During the last six months of 2023, Berkshire bought 40.2 million shares of Sirius XM stock. So far, the investment isn't working out. Since the end of 2023, Sirius XM stock has fallen by 26%, which means you could get in at even lower prices than Buffett. Let's look at what makes the stock attractive to see if it's a buy on the dip.

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Source Fool.com