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P - Pandora

post #1 of 102
6/14/11 at 6:55pm
Thread Starter 
chart.ashx?t=P&ty=c&ta=1&p=d&s=l

 

Pandora is the leader in internet radio in the United States, offering a personalized experience for each of our listeners. We have pioneered a new form of radio - one that uses intrinsic qualities of music to initially create stations and then adapts playlists in real-time based on the individual feedback of each listener. In January 2011, we had over 80 million registered users and we added a new registered user every second on average. We have more than a 50% share of internet radio listening time among the top 20 stations and networks in the United States, according to a November 2010 report by Ando. Since we launched the Pandora service in 2005, our listeners have created over 1.4 billion stations.

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post #2 of 102
6/14/11 at 6:58pm
Thread Starter 

Pandora IPO Set for Wednesday

 by Todd Wasserman

 

In the first test of investors’ appetite for high-profile IPOs since LinkedIn’s successful public offering last month, Pandora is expected to begin trading Wednesday.

Pandora is offering 14.7 million shares for $10 to $12 per share. The company increased the size of its IPO last week by 43%.

Unlike LinkedIn, though, Pandora is not profitable. The company lost $1.8 million in fiscal 2010 on revenues of $137.8 million and stated in a recent SEC filing, “We expect to incur operating losses on an annual basis through at least fiscal 2012.” Pandora has 34 million active users. Advertising generates 90% of the company’s sales.

Pandora’s public offering is expected to be followed by IPOs for Groupon and Zynga. Groupon has filed its preliminary paperwork for such an offering. Zynga is reportedly close to filing.

 

via Bloomberg

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post #3 of 102
6/14/11 at 7:18pm
Quote:
Originally Posted by StockJock-e View Post

Pandora IPO Set for Wednesday

Todd Wasserman 4 hours ago by Todd Wasserman

 

In the first test of investors’ appetite for high-profile IPOs since LinkedIn’s successful public offering last month, Pandora is expected to begin trading Wednesday.

Pandora is offering 14.7 million shares for $10 to $12 per share. The company increased the size of its IPO last week by 43%.

Unlike LinkedIn, though, Pandora is not profitable. The company lost $1.8 million in fiscal 2010 on revenues of $137.8 million and stated in a recent SEC filing, “We expect to incur operating losses on an annual basis through at least fiscal 2012.” Pandora has 34 million active users. Advertising generates 90% of the company’s sales.

Pandora’s public offering is expected to be followed by IPOs for Groupon and Zynga. Groupon has filed its preliminary paperwork for such an offering. Zynga is reportedly close to filing.

 

via Bloomberg

http://blogs.wsj.com/venturecapital/2011/06/14/pandora-ipo-prices-at-16-well-above-range/?mod=google_news_blog


I'll raise you another 40% as of an hour ago!

 

Now priced at $16 (2.56B market cap). 

 

Let's see where this one ends up.

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post #4 of 102
6/14/11 at 7:19pm

Now 16$ a share? hmmm... maybe all this new money they are getting means I can keep listening for free for a while longer.

 

http://money.cnn.com/2011/06/14/technology/pandora_IPO/index.htm

 

g

 

edit: Jbrand beats me by 1 min :P

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post #5 of 102
6/14/11 at 7:23pm

you know what that means... I think tomorrow it trades between 20-25

 

its another POS though... internet radio? omg that technology has only been around for 15+ years!

 

i've used pandora a few years ago.. i hated the songs they would select for me and the worst part was they wouldn't let me skip more than 3 songs...

 

imeem was a much better service. too bad myspace had to screw that up

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post #6 of 102
6/14/11 at 7:28pm
Thread Starter 

I cant believe they got the single letter ticker "P"

 

That is usually reserved for very established old school type companies like Visa... or Im just getting old and grumpy... laughing.gif

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post #7 of 102
6/14/11 at 7:31pm
Quote:
Originally Posted by StockJock-e View Post

I cant believe they got the single letter ticker "P"

 

That is usually reserved for very established old school type companies like Visa... or Im just getting old and grumpy... laughing.gif



Well you have to be realistic here, by joining the single letter ticker elite it was able to tack on an extra billion or so to its cap.  Profits are overrated anyway.

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post #8 of 102
6/14/11 at 7:36pm
Thread Starter 

Indeed jbrand1

 

Also noting that the timing of their IPO is coinciding with the market bounce. They were just waiting for the decline to halt.

 

Will this IPO suck $X billion hot money out of investor pockets that would have been used to average down on other stocks?

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post #9 of 102
6/14/11 at 7:51pm
Quote:
Originally Posted by StockJock-e View Post

Indeed jbrand1

 

Also noting that the timing of their IPO is coinciding with the market bounce. They were just waiting for the decline to halt.

 

Will this IPO suck $X billion hot money out of investor pockets that would have been used to average down on other stocks?


 

Exactly, let's take a market with a clear downward bias as red days clearly exceed the green days in volume.... and take a chunk of buying liquidity out of the equation so this thing can run on air tomorrow.

 

Not the perfect scenario for getting the retail player back in the game.

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post #10 of 102
6/14/11 at 8:04pm
Thread Starter 

I was reading an article the other day that raised an interesting point.

 

When a railway company IPOs and raises $10B, thats $10B that goes into building railroads. Telecom, airlines, and even tech, money that goes into any kind of infrastructure grows the economy in the long run.

 

Pandora, Linked In, Facebook... Billions go in.. what comes out? Prettier websites?

 

 

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post #11 of 102
6/14/11 at 8:10pm

remember the good old days when we didn't need radios because everyone had an mp3 players or a phone that played mp3's of the artists and songs YOU wanted to listen to?

 

kinda feels like technology just went backwards

 

 

tomorrow on CNBC i can just imagine the caption "Opening Pandora's Box"

you heard it here first folks! tongue.gif

 

 

queue all the Avatar references!

 

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post #12 of 102
6/14/11 at 9:46pm

SAN FRANCISCO (AP) -- Pandora Media Inc. sold its initial public offering of stock at $16 per share late Tuesday, fetching twice as much as the popular but unprofitable Internet radio service expected less than two weeks ago.

 

The IPO's completion means Pandora will make its stock market debut Wednesday morning with a market value of $2.6 billion. That's a lofty number for a company that has lost $92 million since it started as a music recommendation site called TheSavageBeast.com 11 years ago.

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post #13 of 102
6/14/11 at 11:08pm

This sounds like a great way for a lot of people to lose a lot of money. 

 

The sad thing about it, is that the stock will probably go up on the day for at least a little while, but in reality what are you paying for?  The chance that they get so popular another company buys them out?  They can't ever reach that type of evaluation or even close to it just bad on add revenue.  The best thing for the market would be if this company just plummeted so that way people won't be talking about the bubble that is starting to form for these new internet IPOs again.

 

 

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post #14 of 102
6/14/11 at 11:34pm
Geting a single letter ticker just means it will take me less time to enter my order to short this pig.
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post #15 of 102
6/15/11 at 12:17am
Thread Starter 
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post #16 of 102
6/15/11 at 2:38am
Over 2b market cap is steep. Needs 100m profit to support it with a 20p/e. Hardly even has that much revenue. If it goes on a run in the first week or two I would short it. The big question is what do they do with the raised capital. If we don't see next generation pandora and they just use the money to cover losses in the hopes of becoming profitable on the buissness they already have then they fail. They have to use the money to come up with something that will create another revenue stream. The current product will not produce enough revenue or a strong enough profit margin. People do still listen to morning talk radio hosts. I think it would be neat if pandora had radio stations that had big name hosts but when music plays it is controlled by the individual. So now when I listen to the talk radio guys I like I also can hear music I like at the break. Maybe you like the rock station dj's but hate rock music. Now you could just change your preferences for tha dj's station.
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post #17 of 102
6/15/11 at 4:02am

Great idea
 

Quote:
Originally Posted by i_am_so_siri View Post

Over 2b market cap is steep. Needs 100m profit to support it with a 20p/e. Hardly even has that much revenue. If it goes on a run in the first week or two I would short it. The big question is what do they do with the raised capital. If we don't see next generation pandora and they just use the money to cover losses in the hopes of becoming profitable on the buissness they already have then they fail. They have to use the money to come up with something that will create another revenue stream. The current product will not produce enough revenue or a strong enough profit margin. People do still listen to morning talk radio hosts. I think it would be neat if pandora had radio stations that had big name hosts but when music plays it is controlled by the individual. So now when I listen to the talk radio guys I like I also can hear music I like at the break. Maybe you like the rock station dj's but hate rock music. Now you could just change your preferences for tha dj's station.


 

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post #18 of 102
6/15/11 at 9:42am
Quote:
Originally Posted by charulz View Post

you know what that means... I think tomorrow it trades between 20-25

 

its another POS though... internet radio? omg that technology has only been around for 15+ years!

 

i've used pandora a few years ago.. i hated the songs they would select for me and the worst part was they wouldn't let me skip more than 3 songs...

 

imeem was a much better service. too bad myspace had to screw that up



nailed it like the hot cheerleader in high school

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post #19 of 102
6/15/11 at 9:43am
Thread Starter 

Holding steady in the 22.50-22.80 area here

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post #20 of 102
6/15/11 at 9:50am
Schwab showing a 26.00 print as the HOD. I remember watching LNKD on day 1, and it had an even dollar high for a while that morning. I kept waiting for a short entry above an even dollar high and it kept printing them dollars higher at a time. Wondering if P will make a run at 26. Confident a short even from this level (22-23) will pay off within a week.
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