orderartwork's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.com/user/3256991/comments http://seekingalpha.com/article/782011/comments?source=feed#comment-8495961 8495961
I believe Sirius-XM will provide much better quality of song when you drive since there is signal interference or signal missing.]]> Fri, 17 Aug 2012 08:35:48 -0400
I believe Sirius-XM will provide much better quality of song when you drive since there is signal interference or signal missing.]]> http://seekingalpha.com/article/782011/comments?source=feed#comment-8495771 8495771
I will keep my short position until 2013 to save my profit tax.

I do not think P can touch $12.2 again.

I 100% agree BTIG target $3.75, which I think still overvalue. ]]> Fri, 17 Aug 2012 08:27:20 -0400
I will keep my short position until 2013 to save my profit tax.

I do not think P can touch $12.2 again.

I 100% agree BTIG target $3.75, which I think still overvalue. ]]> http://seekingalpha.com/article/782011/comments?source=feed#comment-8495641 8495641 Fri, 17 Aug 2012 08:24:03 -0400 http://seekingalpha.com/article/782011/comments?source=feed#comment-8495501 8495501
There must be reason for Short 43.5% of Float.
Please not worry about shorters, there will be more shorters and they will make money.]]> Fri, 17 Aug 2012 08:18:56 -0400
There must be reason for Short 43.5% of Float.
Please not worry about shorters, there will be more shorters and they will make money.]]> http://seekingalpha.com/article/782011/comments?source=feed#comment-8495431 8495431
I will keep my short position until 2013 to save my profit tax.

I do not think P can touch $12.2 again.

I 100% agree BTIG target $3.75, which I think still overvalue.]]> Fri, 17 Aug 2012 08:15:42 -0400
I will keep my short position until 2013 to save my profit tax.

I do not think P can touch $12.2 again.

I 100% agree BTIG target $3.75, which I think still overvalue.]]> http://seekingalpha.com/article/777621/comments?source=feed#comment-8495131 8495131 Short interest has been increasing, 43.5% of Float now. ]]> Fri, 17 Aug 2012 08:01:29 -0400 Short interest has been increasing, 43.5% of Float now. ]]> http://seekingalpha.com/article/777621/comments?source=feed#comment-8495071 8495071
However, the fact is that the Short interest has been increasing, 43.5% of Float now. There have been more shorters when P was under $11 from the newest short interest. If a company is shorted by 43.5% of float, most shorters are professional institutes. Though short squeeze is possible, that shares will be down further is much more possible.

There must be reason for Short 43.5% of Float.

For me, I think the fair price for P should be under $3, which BTIG though its value when P's IPO.

So there is enough space for shorting, this is why short interest has been increasing.]]> Fri, 17 Aug 2012 07:59:16 -0400
However, the fact is that the Short interest has been increasing, 43.5% of Float now. There have been more shorters when P was under $11 from the newest short interest. If a company is shorted by 43.5% of float, most shorters are professional institutes. Though short squeeze is possible, that shares will be down further is much more possible.

There must be reason for Short 43.5% of Float.

For me, I think the fair price for P should be under $3, which BTIG though its value when P's IPO.

So there is enough space for shorting, this is why short interest has been increasing.]]> http://seekingalpha.com/article/777621/comments?source=feed#comment-8159201 8159201 Tue, 07 Aug 2012 05:30:44 -0400 http://seekingalpha.com/article/777621/comments?source=feed#comment-8159141 8159141 Listener hours:
1.12 billion July， 1.08B June (down),1.10 billion May, 1.06 billion April, 1 billion March;

Share of total U.S. radio listening:
6.13% July，5.98% June, 5.80% May (down), 5.95% April, 5.79% March

Active listeners:
54.9 million July，54.5M June, 53.3 million May, 51.9 million April, 51 million March]]> Tue, 07 Aug 2012 05:21:15 -0400 Listener hours:
1.12 billion July， 1.08B June (down),1.10 billion May, 1.06 billion April, 1 billion March;

Share of total U.S. radio listening:
6.13% July，5.98% June, 5.80% May (down), 5.95% April, 5.79% March

Active listeners:
54.9 million July，54.5M June, 53.3 million May, 51.9 million April, 51 million March]]> http://seekingalpha.com/article/777621/comments?source=feed#comment-8157131 8157131 Tue, 07 Aug 2012 01:11:54 -0400 http://seekingalpha.com/article/777621/comments?source=feed#comment-8156641 8156641 Tue, 07 Aug 2012 00:39:35 -0400 http://seekingalpha.com/article/782011/comments?source=feed#comment-8156451 8156451 Tue, 07 Aug 2012 00:33:22 -0400 http://seekingalpha.com/article/777621/comments?source=feed#comment-8121931 8121931 Would you please have pity on this poor Growtheport? You are the winner. It looks like he has been loser by long P. When we see P under $5, it will be more pitiful if he still hold P as his lifetime investment opportunity.]]> Mon, 06 Aug 2012 01:16:12 -0400 Would you please have pity on this poor Growtheport? You are the winner. It looks like he has been loser by long P. When we see P under $5, it will be more pitiful if he still hold P as his lifetime investment opportunity.]]> http://seekingalpha.com/article/777621/comments?source=feed#comment-8121201 8121201
Look its chart, newer high has been lower, newer low has been lower.

both 50-Day Moving Average,200-Day Moving Average and EMA for 50days and 200 days are moving lower.

People with basic investment knowledge will know that it is the time to short P, with anti- Social Media Bubble market trend now.
]]> Mon, 06 Aug 2012 00:26:54 -0400
Look its chart, newer high has been lower, newer low has been lower.

both 50-Day Moving Average,200-Day Moving Average and EMA for 50days and 200 days are moving lower.

People with basic investment knowledge will know that it is the time to short P, with anti- Social Media Bubble market trend now.
]]> http://seekingalpha.com/article/777621/comments?source=feed#comment-8120981 8120981 Mon, 06 Aug 2012 00:07:33 -0400 http://seekingalpha.com/article/777621/comments?source=feed#comment-8120931 8120931 Mon, 06 Aug 2012 00:01:32 -0400 http://seekingalpha.com/article/777621/comments?source=feed#comment-8120811 8120811 Sun, 05 Aug 2012 23:50:11 -0400 http://seekingalpha.com/article/777621/comments?source=feed#comment-8120721 8120721
Let's see its real numbers:

Listener hours:
1.08B June (down),1.10 billion May, 1.06 billion April, 1 billion March;

Share of total U.S. radio listening:
5.98% June, 5.80% May (down), 5.95% April, 5.79% March

Active listeners:
54.5M June, 53.3 million May, 51.9 million April, 51 million March


Real operation numbers For Pandora

Sum:
Total Revenue: 58% YOY Growth
while: 4Q2011=81,326;1Q2012 80,784,
Total Revenue decreased from last quarter compared with 4Q2011.
Any growth more? doubting.

Total Op. Costs: 80% YOY Growth
Cost of Revenue: 59%; YOY Growth
Product Development: 51%,YOY Growth
Marketing Sales: 81%,YOY Growth
GA:53%,YOY Growth
Content Acquisition : 91%,YOY Growth]]> Sun, 05 Aug 2012 23:37:22 -0400
Let's see its real numbers:

Listener hours:
1.08B June (down),1.10 billion May, 1.06 billion April, 1 billion March;

Share of total U.S. radio listening:
5.98% June, 5.80% May (down), 5.95% April, 5.79% March

Active listeners:
54.5M June, 53.3 million May, 51.9 million April, 51 million March


Real operation numbers For Pandora

Sum:
Total Revenue: 58% YOY Growth
while: 4Q2011=81,326;1Q2012 80,784,
Total Revenue decreased from last quarter compared with 4Q2011.
Any growth more? doubting.

Total Op. Costs: 80% YOY Growth
Cost of Revenue: 59%; YOY Growth
Product Development: 51%,YOY Growth
Marketing Sales: 81%,YOY Growth
GA:53%,YOY Growth
Content Acquisition : 91%,YOY Growth]]> http://seekingalpha.com/article/782011/comments?source=feed#comment-8120411 8120411 1.08B June (down),1.10 billion May, 1.06 billion April, 1 billion March;

Share of total U.S. radio listening:
5.98% June, 5.80% May (down), 5.95% April, 5.79% March

Active listeners:
54.5M June, 53.3 million May, 51.9 million April, 51 million March


Real operation numbers For Pandora

Sum:
Total Revenue: 58% YOY Growth
while: 4Q2011=81,326;1Q2012 80,784,
Total Revenue decreased from last quarter compared with 4Q2011.
Any growth more? doubting.

Total Op. Costs: 80% YOY Growth
Cost of Revenue: 59%; YOY Growth
Product Development: 51%,YOY Growth
Marketing Sales: 81%,YOY Growth
GA:53%,YOY Growth
Content Acquisition : 91%,YOY Growth]]> Sun, 05 Aug 2012 23:24:44 -0400 1.08B June (down),1.10 billion May, 1.06 billion April, 1 billion March;

Share of total U.S. radio listening:
5.98% June, 5.80% May (down), 5.95% April, 5.79% March

Active listeners:
54.5M June, 53.3 million May, 51.9 million April, 51 million March


Real operation numbers For Pandora

Sum:
Total Revenue: 58% YOY Growth
while: 4Q2011=81,326;1Q2012 80,784,
Total Revenue decreased from last quarter compared with 4Q2011.
Any growth more? doubting.

Total Op. Costs: 80% YOY Growth
Cost of Revenue: 59%; YOY Growth
Product Development: 51%,YOY Growth
Marketing Sales: 81%,YOY Growth
GA:53%,YOY Growth
Content Acquisition : 91%,YOY Growth]]> http://seekingalpha.com/article/782011/comments?source=feed#comment-8120141 8120141
both 50-Day Moving Average,200-Day Moving Average and EMA for 50days and 200 days are moving lower.

Only fool will buy Pandora for $9 now.]]> Sun, 05 Aug 2012 23:11:46 -0400
both 50-Day Moving Average,200-Day Moving Average and EMA for 50days and 200 days are moving lower.

Only fool will buy Pandora for $9 now.]]> http://seekingalpha.com/article/782011/comments?source=feed#comment-8120031 8120031
the current Pandora royalties pay schedule set by SoundExchange is set to increase each year until 2016, go through 2015.

Do you think Pandora cash can support it survive until 2016, with burning cash over 10 millions, lost $20 million last quarter only!!!!, left 80.59 million cash only!!!!]]> Sun, 05 Aug 2012 23:03:25 -0400
the current Pandora royalties pay schedule set by SoundExchange is set to increase each year until 2016, go through 2015.

Do you think Pandora cash can support it survive until 2016, with burning cash over 10 millions, lost $20 million last quarter only!!!!, left 80.59 million cash only!!!!]]> http://seekingalpha.com/currents/post/429311?source=feed#comment-7690441 7690441
This month its listen hours is down too.

It looks like all of its metrics will be down in the future because of competition, not mentioning its crazy pe which should mantain high growth.

Listener hours:
1.08B June (down),1.10 billion May, 1.06 billion April, 1 billion March;

Share of total U.S. radio listening:
5.98% June, 5.80% May (down), 5.95% April, 5.79% March

Active listeners:
54.5M June, 53.3 million May, 51.9 million April, 51 million March


Real operation numbers For Pandora

Sum:
Total Revenue: 58% YOY Growth
while: 4Q2011=81,326;1Q2012 80,784,
Total Revenue decreased from last quarter compared with 4Q2011.
Any growth more? doubting.

Total Op. Costs: 80% YOY Growth
Cost of Revenue: 59%; YOY Growth
Product Development: 51%,YOY Growth
Marketing Sales: 81%,YOY Growth
GA:53%,YOY Growth
Content Acquisition : 91%,YOY Growth]]> Tue, 24 Jul 2012 03:55:33 -0400
This month its listen hours is down too.

It looks like all of its metrics will be down in the future because of competition, not mentioning its crazy pe which should mantain high growth.

Listener hours:
1.08B June (down),1.10 billion May, 1.06 billion April, 1 billion March;

Share of total U.S. radio listening:
5.98% June, 5.80% May (down), 5.95% April, 5.79% March

Active listeners:
54.5M June, 53.3 million May, 51.9 million April, 51 million March


Real operation numbers For Pandora

Sum:
Total Revenue: 58% YOY Growth
while: 4Q2011=81,326;1Q2012 80,784,
Total Revenue decreased from last quarter compared with 4Q2011.
Any growth more? doubting.

Total Op. Costs: 80% YOY Growth
Cost of Revenue: 59%; YOY Growth
Product Development: 51%,YOY Growth
Marketing Sales: 81%,YOY Growth
GA:53%,YOY Growth
Content Acquisition : 91%,YOY Growth]]> http://seekingalpha.com/currents/post/429311?source=feed#comment-7690371 7690371
When Pandora IPO:
Citigroup (C) analyst Mark Mahaney buy rating and $25 price target as a main underwriter on Pandora's IPO;
It's also no surprise that fellow underwriters William Blair and Wells Fargo Securities also initiated coverage of Pandora on Monday with outperform ratings. Stifel Nicolaus, another underwriter on the initial public offering, started coverage today with a hold rating on Pandora.

Similarly, IPO underwriter Morgan Stanley (MS) began coverage of Pandora with a hold rating with concerns about the company's path to profitability. Still, with a target price of $20, Morgan Stanley analysts are predicting some upside to the stock.

This hasn't dissuaded JPMorgan (JPM) analyst Doug Anmuth from initiating the stock with an overweight rating and $22 price target, as he believes strong user growth will be followed by greater mobile monetization.

Outside of Pandora's underwriters, the story is much different. The stock has a few other fans on Wall Street who rate it buy, but firms like Albert Fried & Co, Capstone Investments, and BTIG say investors should dump shares.


BTIG analyst Richard Greenfield has a 12-month price target of $5.50, saying that while the company offers a "great consumer service," its business model "does not scale in the same way as other successful Internet businesses."


Similarly, Albert Fried research director Rich Tullo praises Pandora as a great service, but notes that "great companies do not always offer attractive returns for equity investors. We have concerns about Pandora's financial statements in the near term and its long-term ability to monetize its user base." Tullo has a sell rating.


Capstone Investments analyst Paul Meeks is also bearish with a sell rating. Meeks says "it's an Internet shell game," arguing that management, underwriters and Pandora bulls stay focused on the growth of users and listener hours while ignoring profits and cash flow.


That shouldn't come as a surprise for a company struggling with the same problems Internet companies have struggled with for more than a decade: Will user growth lead to more revenue, and can that revenue be turned into profit?]]> Tue, 24 Jul 2012 03:45:30 -0400
When Pandora IPO:
Citigroup (C) analyst Mark Mahaney buy rating and $25 price target as a main underwriter on Pandora's IPO;
It's also no surprise that fellow underwriters William Blair and Wells Fargo Securities also initiated coverage of Pandora on Monday with outperform ratings. Stifel Nicolaus, another underwriter on the initial public offering, started coverage today with a hold rating on Pandora.

Similarly, IPO underwriter Morgan Stanley (MS) began coverage of Pandora with a hold rating with concerns about the company's path to profitability. Still, with a target price of $20, Morgan Stanley analysts are predicting some upside to the stock.

This hasn't dissuaded JPMorgan (JPM) analyst Doug Anmuth from initiating the stock with an overweight rating and $22 price target, as he believes strong user growth will be followed by greater mobile monetization.

Outside of Pandora's underwriters, the story is much different. The stock has a few other fans on Wall Street who rate it buy, but firms like Albert Fried & Co, Capstone Investments, and BTIG say investors should dump shares.


BTIG analyst Richard Greenfield has a 12-month price target of $5.50, saying that while the company offers a "great consumer service," its business model "does not scale in the same way as other successful Internet businesses."


Similarly, Albert Fried research director Rich Tullo praises Pandora as a great service, but notes that "great companies do not always offer attractive returns for equity investors. We have concerns about Pandora's financial statements in the near term and its long-term ability to monetize its user base." Tullo has a sell rating.


Capstone Investments analyst Paul Meeks is also bearish with a sell rating. Meeks says "it's an Internet shell game," arguing that management, underwriters and Pandora bulls stay focused on the growth of users and listener hours while ignoring profits and cash flow.


That shouldn't come as a surprise for a company struggling with the same problems Internet companies have struggled with for more than a decade: Will user growth lead to more revenue, and can that revenue be turned into profit?]]> http://seekingalpha.com/article/687651/comments?source=feed#comment-7021011 7021011 I wonder whether Pandora numbers will be down for June.

Listener hours:
1.10 billion May, 1.06 billion April, 1 billion March;

Share of total U.S. radio listening:
5.80% May (down), 5.95% April, 5.79% March

Active listeners:
53.3 million May, 51.9 million April, 51 million March]]> Tue, 03 Jul 2012 04:58:09 -0400 I wonder whether Pandora numbers will be down for June.

Listener hours:
1.10 billion May, 1.06 billion April, 1 billion March;

Share of total U.S. radio listening:
5.80% May (down), 5.95% April, 5.79% March

Active listeners:
53.3 million May, 51.9 million April, 51 million March]]> http://seekingalpha.com/article/615131/comments?source=feed#comment-6403721 6403721
Here are some real numbers of Pandora, You will know !!!!!

*Revenue may have been up YOY, but compared to last quarter, revenue DECREASED.

*Expenses grew 80% YOY, 13% from last quarter

*Loss from Operations grew 294% (!!) YOY, and 150% from last quarter

*Net losses grew 200% YOY, and 147% from last quarter

*Basic and diluted net loss per share attributable to common stockholders at ($0.12), up from ($0.06) last quarter.

*Cash decreased 11% in one quarter

The only reason this quarter looked "good" was due to P management lowballing the hell out of their FY12 guidance, so that when they "beat" their own crap guidance, they looked "good". It's a ruse, and it will all come to light this year. Just wait until the YOY results are comparisons between periods AFTER the hype and exposure they gained from the IPO. Listener hours and active listeners are starting to decelerate each quarter, and only show such large increases YOY because the prior year figures were before the exposure from the IPO.
]]> Wed, 13 Jun 2012 22:41:57 -0400
Here are some real numbers of Pandora, You will know !!!!!

*Revenue may have been up YOY, but compared to last quarter, revenue DECREASED.

*Expenses grew 80% YOY, 13% from last quarter

*Loss from Operations grew 294% (!!) YOY, and 150% from last quarter

*Net losses grew 200% YOY, and 147% from last quarter

*Basic and diluted net loss per share attributable to common stockholders at ($0.12), up from ($0.06) last quarter.

*Cash decreased 11% in one quarter

The only reason this quarter looked "good" was due to P management lowballing the hell out of their FY12 guidance, so that when they "beat" their own crap guidance, they looked "good". It's a ruse, and it will all come to light this year. Just wait until the YOY results are comparisons between periods AFTER the hype and exposure they gained from the IPO. Listener hours and active listeners are starting to decelerate each quarter, and only show such large increases YOY because the prior year figures were before the exposure from the IPO.
]]> http://seekingalpha.com/article/615131/comments?source=feed#comment-6365651 6365651

Is Pandora facing a serious new threat to its position in online music from Songza?

The online radio company’s shares are trading sharply lower Tuesday after BTIG analyst Richard Greenfield – who has been bearish on Pandora since the company went public (before, even) – today notes that “Pandora investors should be concerned” about a rapid surge in popularity of Songza, a curated music app offered on for iPad and iPhone. (There’s also a Web version.) He notes that the app which is currently the #1 overall free iPad app in popularity, and the #2 most popular free iPhone app. (We’re talking over all here, not just music apps.)

Greenfield notes that since Songza launched its iPad app on June 7, there have been 542,000 installs.

“Unlike Pandora and many of the other Internet music services that began life on the Web, Songza was engineered with a complete focus on the mobile/tablet environment,” he writes in a blog post. ”In many ways Songza’s simplicity and focus on mobile life, reminds us of what drove Instagram’s success, as consumer Web activity shifts far faster than expected from computers to mobile devices.”

Greenfield is especially keen on the Songza “concierge feature,” which “allows you to easily incorporate music into whatever your current activity is, without the need to build/start a playlist each time and then fine tune that playlist.” So you can choose from a variety of pre-set playlists, like “Singing in the Shower,” or “Working Out,” or “Morning Commute.”

“Songza is focused on simplicity as it is built for a mobile environment, so listening only takes a few clicks, rather than having to type in the name of an artist letter-by-letter to start a playlist,” he writes. “There are no audio ads and no full screen display/video ad takeovers, only display ads which appear at the bottom of the screen, with the goal of leveraging its knowledge of your lifestyle and interests to build an e-commerce business over time.”

Greenfield’s point is that Songza offers a pretty compelling alternative to Pandora, and without audio commercials (at least so far.)]]> Wed, 13 Jun 2012 01:03:07 -0400

Is Pandora facing a serious new threat to its position in online music from Songza?

The online radio company’s shares are trading sharply lower Tuesday after BTIG analyst Richard Greenfield – who has been bearish on Pandora since the company went public (before, even) – today notes that “Pandora investors should be concerned” about a rapid surge in popularity of Songza, a curated music app offered on for iPad and iPhone. (There’s also a Web version.) He notes that the app which is currently the #1 overall free iPad app in popularity, and the #2 most popular free iPhone app. (We’re talking over all here, not just music apps.)

Greenfield notes that since Songza launched its iPad app on June 7, there have been 542,000 installs.

“Unlike Pandora and many of the other Internet music services that began life on the Web, Songza was engineered with a complete focus on the mobile/tablet environment,” he writes in a blog post. ”In many ways Songza’s simplicity and focus on mobile life, reminds us of what drove Instagram’s success, as consumer Web activity shifts far faster than expected from computers to mobile devices.”

Greenfield is especially keen on the Songza “concierge feature,” which “allows you to easily incorporate music into whatever your current activity is, without the need to build/start a playlist each time and then fine tune that playlist.” So you can choose from a variety of pre-set playlists, like “Singing in the Shower,” or “Working Out,” or “Morning Commute.”

“Songza is focused on simplicity as it is built for a mobile environment, so listening only takes a few clicks, rather than having to type in the name of an artist letter-by-letter to start a playlist,” he writes. “There are no audio ads and no full screen display/video ad takeovers, only display ads which appear at the bottom of the screen, with the goal of leveraging its knowledge of your lifestyle and interests to build an e-commerce business over time.”

Greenfield’s point is that Songza offers a pretty compelling alternative to Pandora, and without audio commercials (at least so far.)]]> http://seekingalpha.com/article/615131/comments?source=feed#comment-6365631 6365631
Moreover, Pandora has been unable to monetize its large user base of 150 million, and the sustainability of its business model is questionable, given the historical financial performance. We expect the growth in earnings to decline further and recommend selling the stock. Risks to Pandora include a falling active user base, decrease in the number of listening hours, less spending by clients on advertising, and increasing content acquisition costs.

Pandora (P) has been unable to monetize its large user base of 150 million. The sustainability of the business model is questionable given the historical financial performance. We expect the growth in earnings to halt and recommend a short position.

Author:
Qineqt:Team of investment professionals including former hedge fund manager, trader and analyst at top tier $10 billion hedge fund. Members include investment professionals who oversaw research and trading organization of 50+. ]]> Wed, 13 Jun 2012 01:02:03 -0400
Moreover, Pandora has been unable to monetize its large user base of 150 million, and the sustainability of its business model is questionable, given the historical financial performance. We expect the growth in earnings to decline further and recommend selling the stock. Risks to Pandora include a falling active user base, decrease in the number of listening hours, less spending by clients on advertising, and increasing content acquisition costs.

Pandora (P) has been unable to monetize its large user base of 150 million. The sustainability of the business model is questionable given the historical financial performance. We expect the growth in earnings to halt and recommend a short position.

Author:
Qineqt:Team of investment professionals including former hedge fund manager, trader and analyst at top tier $10 billion hedge fund. Members include investment professionals who oversaw research and trading organization of 50+. ]]> http://seekingalpha.com/article/615131/comments?source=feed#comment-6116361 6116361
With the company's royalty costs fixed through 2015, a 79% growth in the company's sales force (according to the Q1 conference call), revenue growth from labor intensive local sales which is real joke and lower revenue per user coming from the so-called "modest upward" trend" toward mobile usage, how Pandora will be profitable in the short term remains a mystery. Yet the company guided for breakeven performance through the final three quarters of fiscal 2013, a target that seems at first glance unlikely to be reached. Even Maxim Group's John Tinker, who has a "Buy" rating on the stock (and a $17 price target), noted after Q1 that "a time lag between translation of growth in listener hours to ARPU may affect earnings in the near term."

Total listener hours grew by 93% year-over-year showing that revenue only grew roughly half as fast as usage. For this reason, content acquisition costs grew by $26.7M while revenue only grew by $29.7M. Not a good sign when a music station can barely outgrow content costs. ]]> Tue, 05 Jun 2012 03:42:42 -0400
With the company's royalty costs fixed through 2015, a 79% growth in the company's sales force (according to the Q1 conference call), revenue growth from labor intensive local sales which is real joke and lower revenue per user coming from the so-called "modest upward" trend" toward mobile usage, how Pandora will be profitable in the short term remains a mystery. Yet the company guided for breakeven performance through the final three quarters of fiscal 2013, a target that seems at first glance unlikely to be reached. Even Maxim Group's John Tinker, who has a "Buy" rating on the stock (and a $17 price target), noted after Q1 that "a time lag between translation of growth in listener hours to ARPU may affect earnings in the near term."

Total listener hours grew by 93% year-over-year showing that revenue only grew roughly half as fast as usage. For this reason, content acquisition costs grew by $26.7M while revenue only grew by $29.7M. Not a good sign when a music station can barely outgrow content costs. ]]> http://seekingalpha.com/article/615131/comments?source=feed#comment-6116241 6116241
If any friend shorted P, I do not think you should worry about it. Please look its chart, perfect going down chart, newer high has been lower high,and newer low has been lower low.

Look 5 days chart, from averge $11,to $10.4, $10.20, then $10.
I do not think it will hold $10. I belive it will go below last lowest $7.83, may see it under $5.


I may just keep my P short position to next year to delay my profit tax for next year trading.]]> Tue, 05 Jun 2012 03:21:08 -0400
If any friend shorted P, I do not think you should worry about it. Please look its chart, perfect going down chart, newer high has been lower high,and newer low has been lower low.

Look 5 days chart, from averge $11,to $10.4, $10.20, then $10.
I do not think it will hold $10. I belive it will go below last lowest $7.83, may see it under $5.


I may just keep my P short position to next year to delay my profit tax for next year trading.]]> http://seekingalpha.com/article/615131/comments?source=feed#comment-6115761 6115761
Here is how growing mobile listening killing Pandora:

"To date, we have not been able to generate revenue from our advertising products delivered to mobile devices as effectively as we have for our advertising products served on traditional computers."

-- From the "Risk Factors" section of the Pandora Media (P) 10-K, filed March 19th

CEO Joe Kennedy noted on the Q1 conference call last week that mobile listening was now closer to roughly 70 percent."

Pandora generated 55% of its advertising revenue from mobile, yet saw 70% of its listening hours in the segment. As such, desktop users are nearly twice as valuable on a revenue basis as mobile users.

Pandora should see significant pressure as mobile-aided user growth is offset by lower, mobile-induced revenue per user. You should know Pandora has to pay mobile listening. When mobile listening hours is growing faster, however revenue from mobile per user is much worse than desktop users, which will make Pandora lose more money since content cost from usage is growing faster!!!!

perhaps the best summation of the company's problems came from CFO John Cakebread on the conference call. Giving guidance for fiscal year 2013, Cakebread noted [emphasis mine]:

For fiscal 2013 [we] expect negative cash flow from operations, resulting primarily from increased listener hours and resulting content spend.

So while analysts and commentators were celebrating the massive increase in listener hours, the company was pointing out that very same increase as the key driver for the reversal from (modestly) positive OCF in FY12 to negative OCF in fiscal 2013. ]]> Tue, 05 Jun 2012 02:18:47 -0400
Here is how growing mobile listening killing Pandora:

"To date, we have not been able to generate revenue from our advertising products delivered to mobile devices as effectively as we have for our advertising products served on traditional computers."

-- From the "Risk Factors" section of the Pandora Media (P) 10-K, filed March 19th

CEO Joe Kennedy noted on the Q1 conference call last week that mobile listening was now closer to roughly 70 percent."

Pandora generated 55% of its advertising revenue from mobile, yet saw 70% of its listening hours in the segment. As such, desktop users are nearly twice as valuable on a revenue basis as mobile users.

Pandora should see significant pressure as mobile-aided user growth is offset by lower, mobile-induced revenue per user. You should know Pandora has to pay mobile listening. When mobile listening hours is growing faster, however revenue from mobile per user is much worse than desktop users, which will make Pandora lose more money since content cost from usage is growing faster!!!!

perhaps the best summation of the company's problems came from CFO John Cakebread on the conference call. Giving guidance for fiscal year 2013, Cakebread noted [emphasis mine]:

For fiscal 2013 [we] expect negative cash flow from operations, resulting primarily from increased listener hours and resulting content spend.

So while analysts and commentators were celebrating the massive increase in listener hours, the company was pointing out that very same increase as the key driver for the reversal from (modestly) positive OCF in FY12 to negative OCF in fiscal 2013. ]]>