P

Pandora Media Inc.

TMT


Presented:11/13/2013
Price:$28.24
Cap:$5.34B
Current Price:$52.18
Cap:$14.16B

Presented

Date11/13/2013
Price$28.24
Market Cap$5.34B
Ent Value$5.28B
P/E RatioN/A
Book Value$2.79
Div YieldN/A
Shares O/S189.16M
Ave Daily Vol11,340,000
Short Int12.43%

Current

Price$52.18
Market Cap$14.16B
Pandora Media, Inc. provides Internet radio services in the United States. The company allows listeners to create up to 100 personalized stations to access unlimited hours of free music and comedy, as well as offers Pandora One, a paid subscription service to listeners. It is also involved in the sale of displays, audio advertising, and video advertising products to advertisers for delivery on computer, mobile, and other connected device platforms. As of January 31, 2013, the company had approximately 175 million registered users; and 65.6 million active users. Pandora Media, Inc. was founded in 2000 and is headquartered in Oakland, California.

Highlights

Despite Pandora’s (P) excellent performance ytd (up over 200%), the presenter sees a number of catalysts that could keep shares on their upward trajectory and is long the stock. One of the biggest fears around the company/ stock is still competition. However, P has been competing with Spotify, iHeartRadio, etc. this whole time, and Apple has not proven they can come in and take share. It is easy to see through the basic statistics around P’s performance that iRadio(iHeartRadio?) has had no effect on hours or users. This fear should abate over time, and P’s new CEO, Brian McAndrews, and progress on the advertising front should lend support to the valuation.

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Idea Discussion

Commentor 1 - 2 weeks ago

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