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A Pandora Short Could Still Reap 50% Gains

May 12, 2014 7:40 AM ETPandora Media (P) Stock55 Comments
Quoth the Raven profile picture
Quoth the Raven
8.08K Followers

Summary

  • Pandora is still valued at $4.6 billion. That looks like this: $4,600,000,000.
  • Pandora has yet to turn any profit. That looks like this: $0,000,000,000.
  • Pandora belongs in single digits, offering 50% or more on a short at these levels.

"Give it up, Quoth", you'll say to me. "You've been calling Pandora a short all the way down from $40. It's been the right trade, now buck up and cover and move on to the next project."

Well, fictional person, you're right.

Pandora has been a tasty short for those that have been on board for the last three months. I've been calling Pandora (P) a short all the way from $30 up to $40, and now all the way back down to $22 and change. The most recent two articles in my non-award winning series were titled, "Pandora Reminds Us Why Shorting it is a Great Idea", and of course my critically non-acclaimed, "I Will Short Pandora Furiously Until the Letter 'P' Falls Off of My Keyboard."

But, that doesn't mean the fun is over.

The best part about a short is no matter how low it goes, your upside can still be 100% when you short it. Fundamentals are in the shorts' favor with Pandora.

Further, in keeping with my convictions, when Quoth sits down to write and research the markets early in the morning, the first thing he does is throw on the iTunes radio "bossa nova" station, to give him a little early morning listening company.

I'm sleeping with the enemy.

I used to listen to Pandora a while ago. I noticed that I was listening to the same stuff, over and over. There was little to no variety if I didn't physically change the station I was listening to. It was a serving of 40 or so songs that eventually started repeating themselves. Further, if I changed from something like "Usher Radio" to "Sean Kingston Radio," the difference in the stuff played aside from the main artist was miniscule.

But this isn't a user review

This article was written by

Quoth the Raven profile picture
8.08K Followers
This page and all of its contributor content is operated by Quoth the Raven Research, LLC. Please read this disclaimer first and foremost: https://quoththeravenresearch.com/disclaimerterms-of-service/ Quoth the Raven is Christopher Irons from Philadelphia, PA. Commentary by QTR has been featured in Barron's, the Wall Street Journal, Financial Times, Yahoo Finance, Reuters, Bloomberg and many other financial outlets. QTR is a speaker at numerous financial conferences annually. QTR was named to Benzinga's "10 Financial Twitter Names to Follow in 2018" and in late 2017 was named to Forbes' "Top 100 Twitter Accounts for Finance". In 2016, QTR's work was selected as a finalist for the Sohn Investment Conference Idea Contest. In 2014, he was named to Seeking Alpha's Top List of Best Performing Financial Bloggers and was TipRanks' #6 Performing Financial Blogger (Out of 4,000+). View QTR's track record on TipRanks: https://www.tipranks.com/bloggers/quoth-the-raven View QTR's website: http://www.quoththeravenresearch.com View QTR's Twitter: https://twitter.com/QTRResearch Listen to the QTR podcast: http://quoththeraven.podbean.com All content contained herein is bound to both Seeking Alpha's terms of service, as well as the terms of service found here: https://quoththeravenresearch.com/disclaimerterms-of-service/

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