Rocco Pendola finishes a call with Pandora (P -1.9%) CFO Steve Cakebread confident in his...
Monday, January 30, 2012, 2:18 PM ETRocco Pendola finishes a call with Pandora (P -1.9%) CFO Steve Cakebread confident in his bullish stance on the company. Cakebread notes the data caps implemented by wireless carriers are having little impact on usage, given an hour of Pandora listening typically consumes just 14MB of data, and claims Pandora, which currently operates near breakeven, can eventually sport a 20% profit margin.
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