Could I be wrong on DirecTV (NASDAQ: DTV)? Or is Warren Buffet wrong?

A few days ago I shared my thoughts on DirecTV customer service. I was not happy and thought the company was probably headed down the toilet.

Well… Since then Warren Buffet, the legendary investor, has announced that he is increasing his stake in DirecTV by five times to $1 Billion. And… The company has released some incredible earnings results.

The company posted a 16% jump in fourth quarter profits and is adding to its number of subscribers while cable operators are losing subscribers.

Sure… The company can offer some great deals to lure people away from their current cable company but can they hold onto the customers once those great rates expire and people realize how much the service really costs. And that doesn’t count the extras they might tack onto your bill and how channels you thought you were paying for disappear overnight.

I stand by my opinion about DirecTV.

Between their questionable business practices and pressure from other entertainment choices this company will probably start to feel some pain in a few years if not sooner.

So why did Warren Buffet increase his holding in DirecTV?

Even the best baseball player has a bad day.  As hundreds of thousands of DirecTV subscribers realize what they are really paying they will call their cable company and hop back over there.