From streaming online, to iTunes, to good ole terrestrial radio, there are a lot of ways to listen to music today.
But, believe it or not, there is one area that still has yet to be exploited. It's what you listen to as you tool down the road.
Major players such as Google, Apple and Pandora are making inroads into this area, but the truth is that Sirius XM Radio (NASDAQ: SIRI) has a "built in" head start.
Its equipment is already installed in approximately 52 million vehicles. Better yet, Sirius expects that number to almost double, reaching 100 million vehicles within the next five years.
That doesn't necessarily sound like "dead money" to me - despite the chorus of analysts who had written the company off.
In fact, Sirius has seen its share price rise from $0.10 (that's right, 10 cents) in early 2009 to a five-year high of over $3.50. That's a gain of 3,400%.
The question now is whether it's too late for investors to tune in....
