Pandora Internet Radio (P) (also known as Pandora Radio or simply Pandora) is a music streaming and automated music recommendation service powered by the Music Genome Project. The service, operated by Pandora Media, Inc., is available only in Australia, New Zealand and the United States. The service plays musical selections of a certain genre based on the user's artist selection. The user then provides positive or negative feedback for songs chosen by the service, which are taken into account when Pandora selects future songs.
Why Pandora Media Inc Fell 12.4% in March The music service is down for the count, but hardly out. Could this drop actually lead to a buying opportunity? What: Shares of Pandora Media (P) fell 12.4% in March 2016, according to data from S&P Global Market Intelligence. It was a roller-coaster month, marked both by thrilling highs and awful lows. So what: By March 4, Pandora seemed on track for a fantastic month. The stock had already gained 9%, supported by bubbling takeover chatter and a glowing analyst review on Leap Day. But then the air started leaking out of the takeover rumors as Pandora brought back company founder Tim Westergren to the CEO chair and doubled down on its existing business plans. Many Pandora investors seem more interested in a quick and profitable exit than in building an independent business for the long term. That's why the stock ended more than 12% lower in March. Now what: I've got a little confession to make. The market reaction to Pandora's news in March was so fundamentally backward that I couldn't help but start a position in the stock for the first time. Pandora's path to consistent profits and a global footprint may be a bit more murky than Netflix's, but the music service has a solid five-year operating plan and is back to running under Westergren's original vision. These are two very Foolish attributes, and Pandora now trades at a 62% discount from 52-week highs. The market-building opportunity in front of Pandora reminds me of Netflix (NASDAQ: NFLX), which is not only my largest investment holding but also the best performer in my retirement portfolio. Both companies are building digital media empires of their very own design, toppling long-held industry standards and expectations along the way. I'll need to keep a close eye on this volatile stock, but the risks currently weigh much lighter than the potential long-term rewards. That's why I'm putting real money where my mouth is, taking advantage of a great buy-in opportunity for Pandora shares. LINK - http://www.fool.com/investing/general/2016/04/09/why-pandora-media-inc-fell-124-in-march.aspx
This should be called "Pandora's box" - lots of trouble stock, promising tons, doing nothing, just sliding into oblivion..
9% loss today, falling right through the 50 sma. Just a couple days after an "earnings beat on top and bottom lines, and guidance raise!" (http://www.insidermonkey.com/blog/w...nworth-are-soaring-today-446702/?singlepage=1). Withouth moving average support, this could fall more to $8 and even $7. Radio is such a quaint entertainment choice in 2016. Probably been a couple years since a new hit song that I can remember.
Trending higher after it broke the dominant descending TL. Price needs to hold above $13.85 to confirm a new low has been set. I am erring on the side of caution here, though. A lot of hedge fund buying and price strength is based on the possibility of a buyout. I those rumors start to flake, the recent breakout could just be a fake breakout.
Analyst Upgrade/Downgrade Update Brokerage firm: Bank of America Change: Downgrade Previous Rating: Neutral Current Rating: Underperform Previous Price Target: N/A Current Price Target: N/A
Analyst Upgrade/Downgrade Update Brokerage firm: Credit Suisse Change: Coverage Reiterated/Price Target Changed Previous Rating: Neutral Current Rating: Neutral Previous Price Target: $16 Current Price Target: $14
Analyst Upgrade/Downgrade Update Brokerage firm: Stifel Change: Coverage Reiterated/Price Target Changed Previous Rating: N/A Current Rating: Buy Previous Price Target: $15 Current Price Target: $16
We'll see what happens after this ER. This company keeps losing money, but they've gone up on ERs. But now their space has been invaded by Amazon: you do not want to be a money-losing company when Amazon comes to town, because margins tend to decrease with that gorilla around.
Analyst Upgrade/Downgrade Update Brokerage firm: FBR & Co. Change: Downgrade Previous Rating: Outperform Current Rating: Market Perform Previous Price Target: N/A Current Price Target: $12 Analyst Upgrade/Downgrade Update Brokerage firm: Albert Fried Change: Downgrade Previous Rating: Overweight Current Rating: Underweight Previous Price Target: N/A Current Price Target: N/A
Analyst Upgrade/Downgrade Update Brokerage firm: Mizuho Change: Coverage Reiterated/Price Target Changed Previous Rating: N/A Current Rating: Buy Previous Price Target: $13 Current Price Target: $12
I'm watching this for a short while it's up here. Hey, I'd want to sell out too if Amazon was coming into my area of business. Let's see if any buyers show their faces. My favorite kind of buyout rumor, the kind with no price mentioned. Easy to not take seriously.
Okay so now I am hearing offer prices; one guy was saying $21/share, now I'm hearing $15/share. But this is feeling like Twitter the last 2 years, where only buyout rumours got the stock up. Pandora -3.2% as Sirius CFO dampens takeover talk Pandora Media shares have fallen 3.2% in postmarket trading after a Sirius XM (SIRI +2.4%) exec dampened speculation about M&A as "not very likely." Shares had gained in December amid increasing chatter about a tie-up. That followed summer reports that Liberty Global had floated a $15/share offer that looked like it was rebuffed, and comments from Liberty chief Greg Maffei that any streaming buy would be linked to Sirius XM. Speaking at a Citigroup conference, Sirius XM Chief Financial Officer David Frear says despite all that, "I have doubts" about Pandora's strategy and isn't sure about cross-selling opportunities.
Another update. Prior post mentioned $21 and $15 takeover prices. Now Liberty Global (which reportedly was rebuffed at $15), is saying they wouldn't want to buy it unless it was under $10 lol. So what to do here? I'm not sure. On one hand, the path to below $10 from here seems pretty clear because these guys do not have an enticing business (competing against Amazon and Apple, gulp. And Spotify is the real deal that may be coming public) in a non-visual medium. If the potential acquirer says $10 is a better price, then that must be the price right? But I'm not sure about that now. Those Liberty Global guys seem to be really interested in buying Pandora.
Why does the stock price below $13.50? it doesn't make any sense. If they are selling the company, the price would be ~$15.
