Pandora Media (NYSE:P)

CAPS Rating: 1 out of 5

Recs

2
Player Avatar Loerke (93.42) Submitted: 12/4/2012 10:53:19 AM : Underperform Start Price: $9.21 P Score: -185.15

I love this service since it introduces me to new music, instead of playing only the stuff I know. My red thumb is based purely on valuation. It's hard to see how P warrants a 1.5B market cap. That's about 35% that of NFLX. True, it's better than when P had 50% of the market cap of NFLX, but it is still overpriced. Acquisition does seem to be a real possibility, but I wouldn't bet on it until the market cap drops a bit more.

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