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Over valued, priced for perfection, slowing griwth
Massively overvalued. I suspect they will disappoint shareholders in a big way on their next earnings call.
Too much competition, much of it free. I don't see long term viability.
expensive internet radio
Losing Active Listeners last month on a month to month basis went completely ignored. What that an aberration or a trend? Only the next few months will tell. Ultimately, Pandora will have to do something big to change their business model to help reduce the impact of royality payments on their earnings. Perhaps they need to offer a more diversified array of subscription plans where one can subscribe at a reduced rate to get a limited selection of popular channels? Or a subscription for a service that operates like ITunes Radio / Spotify in that you can stream up your own MP3s or select songs / albums from a specific band or bands you want (and stop getting music from bands, songs, albums you don't want) in channels. Heck....Perhaps Pandora should tap online services like GROUPON to offer discounted subscriptions....I'd even go so far as to develop a Custom Channel to both allow users to put exactly what songs they want and to stream in Tour Dates / Album Release Dates / all kinds of information on the Artists whose songs they are listening to on the Internet Pandora website...Or in-Car audio system. How about an INDIE - LOCAL channel customized for your own location that gives you information on the local bands you like, plays a mix of songs from a mix of artists, and as a paid subscriber allows you to customized what artists you want to hear more so than others. What TOUR info you want as well.
iTunes Radio and other competitors. The market is quickly becoming saturated.
No one wants to pay for music, especially radio. Radio streaming payments to record labels are lower than on-demand rates, but I don't think they'll ever bring in enough revenue from listeners to make a profit that merits the current valuation.
Too many competitors coming on the scene; this erodes any chance at profitability long term.
Setting up the bet from: http://boards.fool.com/ot-a-fun-little-portfolio-30937705.aspx?sort=whole#30937705
Too few regions covered,(US; NZ and Australia only) GOOG and AAPL will eat into P over time. Spotify as a loss leader in the sector could also IPO soonand take marketshare from P over time.
I don't see how they can compete in a very crowded space, especially now that Apple is getting in the mix.
Itunes/Apple radio is playing in my home and it works really well. No need for me to subscribe to Pandora anymore.
Capex has doubled since last year, and OCF is negative because ... why? Revs up, profits down, because ... why? In addition to being doomed, today's 5% price pop has no logic behind it, so that's an easy 5 points right there.
It's hard to beat free, given many of the iRadio folk probably already subscriber to iMatch anwyay. this is essentially a huge freebie that means you don't have to have multiple apps to do the same thing. This is part of Apple's long term strategy into car entertainment also - just another piece of the long-term Apple puzzle.
A lot of hype.
Pandora media is a best software business as what the news stated. This had outperformed the S&P 500 almost the whole year round, except October to January, which means a stable business performance.
Market cap is 10x sales. Loss maker. Pandora http://www.gurufocus.com/stock/P
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