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   Technology StocksPandora


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To: Road Walker who wrote (5)6/16/2011 2:09:53 PM
From: Lahcim Leinad
   of 44
 
I can't short in my SEP/IRA. It's the law. But I'm telling you, I almost opened another account, just to be able to short P. Set aside a hefty sum to do it! Unfortunately, there is a time period, between opening the account and being able to short.

Grrr.

I'd have been loaded by now, ready to buy another whole new set of wheels, and the extended vacation trip to take with them!

Grrr.

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To: Lahcim Leinad who wrote (6)6/16/2011 2:25:27 PM
From: Road Walker
   of 44
 
I'd have been loaded by now, ready to buy another whole new set of wheels...

Hey man don't bail on the Element!

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To: Road Walker who wrote (7)6/16/2011 3:38:32 PM
From: Lahcim Leinad
   of 44
 
Don't you worry about my lovely Element! ADORE it! Gonna have to pry it from my dying hands! (g)

I was thinking more like wheels with wings. Been pining for something that will lift me off the ground at our hut in the woods, for a while. I mean, we have a football field sized meadow, right outside the front door. Begging for flying...

This P(OS) could have paid for the wings, IF I were not a moron to look into the second, shorting account, too late. :(

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To: Lahcim Leinad who wrote (8)6/16/2011 3:51:44 PM
From: Road Walker
   of 44
 
Have you taken the seats out? Lots of room back there.

Yeah Pandora, I can't see how they will make money. In fact the more customers they have, the more they will lose IMHO.

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To: Road Walker who wrote (9)6/16/2011 3:59:17 PM
From: Lahcim Leinad
   of 44
 
Have you taken the seats out? Lots of room back there.

I have. Still didn't make the damn Element into a flying machine. Stuck to the ground like a magnet, as usual, and simply would not lift off, no matter how fast I drove it! (g)

Yeah Pandora, I can't see how they will make money. In fact the more customers they have, the more they will lose IMHO.

Bingo. Ergo, safest short out of the IPO gate, ever.

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From: Lahcim Leinad6/17/2011 9:50:08 AM
   of 44
 
BTIG Says Sell, $5.50 Target

By Tiernan Ray

Richard Greenfield with BTIG Research today initiated coverage of Pandora Media (P), owner of the Pandora Internet Radio service, with a Sell rating and a $5.50 price target, implying downside of about two thirds from a recent price of $15.22.

Pandora stock is down about 13% today after a 9% first-day bounce yesterday.

“Pandora has been the “survivor” in Internet radio,” writes Greenfield, “but we believe digital music will have a wider array of competitors over the coming year.” Greenfield counts among those competitors Spotify and Turntable.fm.

Revenue‘s going to rise dramatically, he writes, from $264 million to $1.1 billion by 2015, as registered users soar from perhaps 82 million to 193 million.

But it will lose money on a net basis this year through 2013, before turning in positive EPS in 2014, and perhaps just $15 million in Ebitda in 2014 and $81 million in Ebitda by 2015.

Pandora’s business model includes music-licensing fees that are fixed, but that also rise each year. As more and more use of the service goes mobile, and away for the desktop, the company is facing lower CPMs for advertising, because audio-only ads are not as high a rate as the display ads the company can get on the desktop, he writes.

The business doesn’t scale, in his view:

While Pandora is creating a large active user base, its reach/frequency continues to pale in comparison to terrestrial radio, as does its profitability. Pandora’s fundamental problem is that active users and listening hours are growing rapidly, but those listener hours have fixed (and annually escalating) royalty costs per streaming hour (fees to music labels).

Greenfield’s $5.50 target is based on a multiple of 11.3 times 2015 Ebitda, or 17 times free cash flow that year. By contrast, investors betting P can rise to $21 in coming years are valuing the stock at 49 times that 2015 figure, which he thinks is excessive.

Pandora shares today closed down $4.16, or 24%, at $13.26. The shares went on to fall another 5% in late trading, to $12.65.

blogs.barrons.com

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To: Lahcim Leinad who wrote (11)7/2/2011 7:10:28 PM
From: engineer
1 Recommendation   of 44
 
what kind of bait and switch management is this?

they start out wtih a great concept and have the user paid by ads. They get lots of subscribers, now they do everything in their power to mess with the people who gave them their IPO valuations.

How can a REALISTIC CEO put forth an IPO based on a money losing business plan? they lose money on people who enjoy the music too much, so they send out threatening emails and shut down the service every 5 minutes just to "entice" you to buy their service for $39.

At FREE they were a play, at $39 a year and all this drama, they are now irrelevant. We will have to wait for the next startup to come along who CAN operate it on ad revenue and users clicks. There is a reason that Yahoo went down in flames and Google is a cash machine.....they were SECOND to market.

How can you post anything about EBDTA? They are in a loss position now and destined to remain there for awhile unless they trap enough users into paying them, but what do the users get if they have to shut down due to large losses at the end of 6 months?

the algorithm they had was great, their business model was a mess. Too many of these social networking and web based IPOS are flying out the door without anyone doing REAL due diligence. 1999 dot.com boom again?

Are we really back to the stupid investor with the greater fool theory now to sell off after the IPO?

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To: engineer who wrote (12)7/3/2011 1:35:08 AM
From: Lahcim Leinad
1 Recommendation   of 44
 
Are we really back to the stupid investor with the greater fool theory now to sell off after the IPO?

Yes.

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From: Lahcim Leinad7/19/2011 4:23:39 AM
   of 44
 
The company’s stock closed at $16.95 down 83 cents (4.67 percent) from the last closing of $17.83. On its first day of trading on June 15, Pandora had closed at $17.79 a share, or nine percent higher than its $16 starting price.

Its market cap has also slipped, from $2.78 billion on that first day to $2.71 billion today.

Why all the drops? A little just-launched music service called Spotify. Music subscription sites are a dime a dozen these days, but Spotify had already acquired solid traction outside the U.S., and with that traction it had built up a lot of hype. When it finally launched stateside last week, the sleeping beast of hype awoke, worrying Pandora stakeholders that their little gem of a music service might not be able to weather the storm.

As Amazon, Google and Apple roll out their cloud music services, Pandora’s stock could become shakier.

Excerpt from: vator.tv

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From: JakeStraw7/25/2011 2:46:36 PM
   of 44
 
  • Pandora Media (NYSE: P) is now covered by analysts at Stifel Nicolaus. The analysts set a "hold" rating and a $18.00 price target on the stock.
  • Pandora Media (NYSE: P) is now covered by analysts at Wells Fargo & Co.. The analysts set an "outperform" rating on the stock.
  • Pandora Media (NYSE: P) is now covered by analysts at JPMorgan Chase & Co.. The analysts set an "overweight" rating and a $22.00 price target on the stock.
  • Pandora Media (NYSE: P) is now covered by analysts at Citigroup. The analysts set a "buy" rating and a $25.00 price target on the stock.
  • Pandora Media (NYSE: P) is now covered by analysts at Morgan Stanley. The analysts set an "equal weight" rating on the stock.
  • Pandora Media (NYSE: P) is now covered by analysts at William Blair. The analysts set an "outperform" rating on the stock.

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