What and learn kids, GS Mafia will play on and on... See you at $9.65.
Krispy Kreme Doughnuts’s (KKD) share price has entered into oversold territory with an RSI value of 25.5. The Zacks Consensus Estimate on Krispy Kreme Doughnuts’s earnings for the full year period has profit of 0.00 cents over the past two months to $0.63 per share. Currently, Krispy Kreme Doughnuts is a Zacks #2 Rank (“Buy”), suggesting that now might be a good time to get in on (KKD) after its recent drop.
Massive short covering is today.... Over 50% short shares will be in pain very soon...
started quietly yesterday.
Perhap.... Apple iTune Radio will crush P into pieces just like BBRY.
Apple doesn't have to win here...
It's important to look at Apple's motivation. Apple doesn't have to win here. Matter of fact, Apple is looking to create a "stickier" user experience and to bolster its fast-growing iTunes software and services unit that grew 25% year over year last quarter. iTunes radio should increase revenue from this unit, both directly by increased purchases of iTunes Match for commercial-free radio, and indirectly by users purchasing songs through the iTunes Match interface.
... but Pandora does
Pandora is a pure play on Internet radio -- it does one thing, which is currently unprofitable. Increased competition from a competitor that has 20 times its market capitalization in cash, and can afford to pay more for content, makes for a worthy competitor. Pandora is aware of this; the company announced it will issue more shares -- hopefully netting $280 million. The question is, will this be enough?