The major record labels are raping the Streaming music industry.
The $0.18 per share has probably declined to, just guessing, $0.14 per share. @ 2X cash now may equal $0.28 per share. Yes, it is an excellent management but the greed of the labels is going to crush this industry, just watch.
2 X Cash per share seems like a reasonable valuation or 36 cents per share.
Good. I was serious. I really know and like these guys but the picked the wrong industry in which to do a start up. The labels will be the only real winners. I really hope that I am wrong but don't think so.
Best - Mojo
If you always invest in "Best of Breed" companies you make money whether its Splunk or Chipolte.
If you make money, you are happy.
If you don't have a hair trigger when the EPS are released but wait for the conference call you are smart..
If you are smart, you will make even more money and be even happier.
Yes, I am long Splunk and plan to listen to the conference call.
I don't own a single share of CURM, long or short. I know them well and I wish them well. But the sector is way over-crowded and no one is making a great deal of money although I think iHeart's resources represent the greatest threat to all the participants including Pandora and Spotify as far as the U.S. is concerned.
I just think that message board statements should be accurate and complete and when you play among giants, you need way more than $4.5 million. I also couldn't help noticing that you ignored the fact that the $4.5M represents only $0.18 per share. With minimal revenue, lets be generous and say that the stock is worth 2X cash or $0.36. Enough said.
What is this Baloney about a lot of cash. Its $0.18 cents per share and if the faithful started selling it would be a wooden nickel.