After a dreary year and an extremely close call with bankruptcy, industry observers are now beginning to speculate on a possible raise in the value of Sirius shares in the not-too-distant future.

Although the entire EchoStar/Ergen debacle has scared off some investors the appeal of Sirius XM Radio’s position as the sole satellite radio provider continues to make SIRI stock purchase somewhat desirable.

Financial writers are even finding reason to praise Karmazin’s ability to take the company out of the fire again and again, citing the shrewd Sirius XM leader as one of the positive attributes of the share’s safety.

[Via Contrarion Profits]