Hey, Chuck, thanks for the help with illustrating the massive growth Sirius Satellite Radio
Year |
Revenue |
Operating Income |
Long-Term Debt |
Shares Outstanding |
---|---|---|---|---|
2002 |
$805,000 |
($313,127,000) |
$670,357,000 |
76,394,000 |
2003 |
$12,872,000 |
($437,530,000) |
$194,803,000 |
827,186,000 |
2004 |
$66,854,000 |
($678,304,000) |
$656,274,000 |
1,238,585,000 |
2005 |
$242,245,000 |
($829,140,000) |
$1,084,437,000 |
1,325,739,000 |
2006 |
$637,245,000 |
($1,067,724,000) |
$1,068,249,000 |
1,402,619,000 |
I'll concede that there is some bad news in there. The share dilution in the early years was massive, and the company is far from profitable today.
But look at the revenue growth. You'd expect any upstart to triple its annual sales early on, but Sirius nearly did it last year -- five years after launching its first satellite. The company has started to pay back on its debts, and the dilution situation is far less ridiculous these days.
This is what the early days of an explosive growth story look like. Go back and check up on some of the classic growth gems if you like. Starbucks
Satellite TV provider EchoStar
And, just as Sirius and XM have talked about mergers in the past, so have EchoStar and its rival DirecTV
The duel's not done yet! Go back and read the other arguments, then sound off in Motley Fool CAPS and vote for the winner.
Microsoft is a Motley Fool Inside Value pick, and Starbucks is a Motley Fool Stock Advisor recommendation.
Fool contributor Anders Bylund holds no position in any of the companies discussed here, but he's back safely from Guatemala. Hooray! You can check out Anders' holdings if you like, and Foolish disclosure will make your day, every day.