NEW YORK ( TheStreet) -- For some time now SiriusXM Radio (SIRI - Get Report) has been making promises on a wing and a prayer. Although they have had pretty good revenue growth, the long years of losses are hard to forgive.
Those that have held on with hope have seen the stock go from a low of just 5 cents back in February of 2009 to around the $2.70 mark it's trading at recently. Just look at the graph provided by Barchart comparing the growth in SIRI's price with the growth in the market as measured by the Value Line Index over the past three and a half years:
The company will be reporting earnings later this month and expectations are high. Analyst consensus estimates are between 1 cent and 3 cents per share and anything outside that range will cause rapid price movement.SiriusXM provides satellite radio services in the U.S. and Canada. The company broadcasts approximately 135 channels, including music, sports, entertainment, comedy, talk, news, traffic, and weather channels on subscription fee basis through two satellite radio systems. In addition, the company sells satellite radios and supplies, handles logistics and production of satellite and Internet radio systems and licenses its technology to various electronics manufacturers. As of Dec. 31, 2011, it had 21,892,824 subscribers. The company was formerly known as Sirius Satellite Radio Inc. and changed its name to Sirius XM Radio Inc. in August 2008. The company was founded in 1990 and is headquartered in New York, N.Y.