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Thread: Pandora down 10% on earnings

  1. #1
    MUSCLE13 is offline
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    Pandora down 10% on earnings

    This is what happens when there is no barrier to entry for internet radio -

    Bloomberg excerpt -

    “Usage is stagnating, I think that’s the fundamental challenge, competition has been starting to take its toll,” Rich Greenfield, an analyst with BTIG LLC, said in a telephone interview. “That’s going to scare the market for what’s supposed to be a rapid growth Internet company.”

    Larger companies are building services to compete with Pandora, such as Google Inc.’s purchase of Songza Media Inc. and Apple Inc.’s acquisition of Beats Electronics LLC. The number of Pandora listeners and the amount of time they spend using the service is little changed on a monthly basis from December to June, said Greenfield, who rates the stock a sell.


    http://www.bloomberg.com/news/2014-0...tml?cmpid=yhoo

  2. #2
    MUSCLE13 is offline
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    Joined: Jun 2007 Posts: 284
    By the way my price targets for 2014 year end for Sirius is $3.80 based on 20 times free Cash Flow per share of 19 cents and $4.80 for year end 2015 based on 20 times Free cash flow per share of 24 cents. With all the buyback activity I think my 2015 target may be conservative at this point.

    Take care everybody............Catch you next year.
    Last edited by MUSCLE13; 07-27-2014 at 11:35 AM.

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