You've already missed the easy money unless you had a buy order in or following the news up to the very second. Those that did will just sell into whatever rally comes about, if any. If Google is down 19% how can Pandora benefit from hype this lame?
Yes, business as usual from the spin doctors, but just a different quarter with the same players. Absolutely nothing has been done differently beyond what they've been doing before other than to hear from one person claiming they will move more ad dollars towards Pandora's locally driven ad market. Funny, I always thought you'd move ad dollars where they had the most impact. Funny also that nobody has proven that mobile ad revenue will sustain a business with a model that survives with that being over 90% of revenue. Suckers in, suckers out. Let the flushing continue. Mobile is an excuse for having nowhere else to go with technology today, but believe it at your own cost. The institutions that own Pandora are just waiting for the next wave of believers to buy into the latest hype for a quick buck. Nice service, bad business model. Oh, but wait, we will be live streaming what's his name and therefor relevant again, ha.
You sound much like sirifair6. He's been touting the acquisition of Agero for some time and all they could come up with is Subaru. Subaru doesn't and never has had the demographic that attracts listeners and you couldn't even find Sirius installed in most of their car three years ago. This will turn out like the deal we had with Dodge where they were to offer our second generation radio, and it bombed. Nobody has heard anything about it since. Before that snorefest, we had TV in their van and it died. The $530 million we paid for this was nothing but a slight of hand to appease the shareholder, making it look like he planned on investing in Sirius when in fact he only wants our cash. You wont see $4.00 in 2015.
Means little outside Malones circle. He continues to suck Sirius dry and adds zero value. LMCA and Sirius suffers still under the revengeful tactics of this vulture. This stock will never see $4.00 again.
What will happen once the staggering number of unemployed go back to work? Will they still gravitate toward the welfare side of entertainment with restricted content or will they seek out a better experience? New car sales are at levels never seen before, yet the numbers don't correlate correspondingly to the increased penetration leading some to think this isn't Pandora's space or demographic. Somehow despite the ability to say, (play Pandora) or vocalize your disdain for the chosen song, no.. no.. not that one, skip.. skip, give me customer service siri, we see little improvement in metrics. It's rumored that in the future the driver wont be allowed to start the car before first listening to a commercial, with a nickle slot for song purchases once your able to hear the song you wanted to. Approximately 4 million out of 46 million would rather stream free from YouTube than pay the $4.00 to get some of their music. It's understandable why many just choose to short this stock.
Hell, we didn't even see that $5.00 pps the Cohen predicted. She's one of the sharpest out there and it just shows how unpredictable this stock can be. Me? I've endured more than a year of zero appreciation and now see covering pushing us back toward $3.60 again. Low volume holiday trading means little. The last time I saw officers of this company they recommended you buy Liberty over Sirius. They want the price low enough so that they don't have to pay the price to steal the prize. How many times have you seen the owners of a company have a blah blah attitude toward their company? The owner is motivated by ego and it was bruised when we said no to his offer. He then decided to take revenge by absorbing rather than buying outright. We are within a few percentage points of total institutional ownership where they may be perfectly happy with a mere 10% premium to the days stock price. Once we get swallowed by Liberty we'll see the usual 15% discount to actual value within his holdings. If you follow this stock regularly you'll know most including writers that like this stock don't own the shares, they use options and use their profits to buy shares they in turn write options against to protect them against fluctuations in share price. So, this isn't the buy and hold stock you might think it is and the only reason I can afford to do it is I bought it at a ridiculously low price early on and tax consequences. I wont bore you with how low, besides talk is cheap and I was really lucky. If your right and it somehow doubles, I'll retire a happy man.
The institutions are getting bored without share appreciation. He'll wait until they tank it and swoop in for the kill as usual. You can't always see vultures circling, but they are always there.
When will we hear about the next speaking engagement? Malone needs a way to pull this price back down to continue to suck the remaining life out. Looks like the shorts are having a field day with LMCA today. What gives? Maybe you can buy more on the dip.
for a stock to continue to trade until the day the bankruptcy is final. To those that fail to realize this, well, the sharks that prowl here wont tell you. Don't hold on thinking someday it might climb again It wont!
You wanted to know how he would bring about lower share prices, now you know. All it took was a measly 3.8 million and barely took five minutes of thought and planning. So simple.
It's nothing new and I wasn't there, but at least those that live in this po-dunk town in the middle of nowhere can get Sirius loud and clear.