$SIRI – Forgotten Buffett Play - Earnings Feb 5th - Berkshire 13F Mid Feb

I've been digging into $SIRI (Sirius XM) and this thing feels like it's setting up for a classic underdog play. The stock's been getting kicked around like a shit coin – down big over the past few years, trading around $21 right now with a market cap that screams "bargain." Let me break it down, As of the end of December 2025, short interest was sitting at about **30.78 million shares**, which is roughly 9.33% of the float. That's not insane like some of the moonshot plays we've seen, but with average daily volume around 3.7 million shares, the days to cover is hovering at 8.33 days. Translation: if anything positive hits – like a beat on earnings or some surprise news – these bears are gonna have to scramble like rats off a sinking ship. We've all seen what happens when shorts get caught with their pants down; prices spike as they cover, and we ride the wave. Short interest ticked up a bit from mid-December too, so the pressure's building. Borrow rates are low for now (around 0.3%), but that could flip quick if sentiment shifts. Not a squeeze specifically, but the setup's there if catalysts align. Speaking of catalysts, earnings are February 5th, and Berkshire's next 13F filing will be around mid February as well.. (Berkshire owns like 37% of it and has been adding to it every quarter) Analysts are expecting EPS around $0.78 for Q4 2025, and between their Q3 beat and their goal of deleveraging + me buying a shit ton of their merch for Christmas gifts for my family, like hats and shirts and stuff.. there is no way they don't beat imo This shit is trading @ like $2.00 pre split Revenue dipped slightly the last few years thanks to streaming wars with Spotify and Apple – but the pros are calling for a turnaround in 2026. **Like, actual growth: top line up a smidge** (0.2%), but **earnings per share jumping 12%.** If they guide higher or show subscriber stabilization, watch out. Plus, they've got that Howard Stern deal locked in through 2028 – the guy's still a draw for boomers and car commuters, and it keeps the exclusive content flowing. New CFO just came on board too, which screams "we're tightening up operations and chasing efficiency." Could mean cost cuts that juice margins. Beyond the short-term hype, this ain't just a pump-and-dump candidate. Valuation is stupid cheap – forward P/E around 7, which is basically free money for a company that's a near-monopoly in satellite radio. They're throwing off serious free cash flow: $1.2B expected for 2025, ramping to $1.5B by 2027... FOR A 7B company That funds buybacks (they've been repurchasing like mad) and a fat dividend yield north of 5% – yeah, you get paid to wait. Berkshire Hathaway owns a massive chunk, like 37%, and they've been adding shares, which tells me Warren's crew sees long-term value here. Who knows maybe they even take it private, but I really hope not... Maybe they show they bought more in their next 13F filing Also, Netflix was recently trying to acquire rights to their podcasts.. they have been moving into more like proprietary content (Like MR. Ballen) At these levels, the downside feels limited, and the upside? If earnings pop and shorts cover, we could see $25-30 easy, maybe more if the market gets frothy TL;DR: $SIRI's got an elevated short ratio (Largely due to the short ratio) ((Short ratio is the days it takes shorts to cover given the amount short and daily volume)), earnings in a few weeks that could light the fuse, dirt-cheap valuation, a juicy dividend, and Berkshire backing. Last earnings they beat and it popped up to like $24 or so, but then quickly went back down over the next week Not financial advice or whatevre Positions: Like 880 shares, Feb calls. Feel free to delete this post if it goes against the 'no short interest posts' rule, but I think it is more of a good value play due to deleveraging - very reliable and sticky cash flow, and the planned buybacks for 2026 and beyond... + like Berkshire buying it with no stopping in sight really. Over 1% of Berkshire's portfolio being in a stock as small as SIRI (7B Market cap) is insane to me Feel free to delete if needed, but I feel like the short interest is kind of relevant in this case - and it's not like a meme stock entirely imo..