Pandora (P) : WOW – 87% of Revenues From Adverts
June 15, 2011 12:05 pm
Wow, 87% is a big number and if anything starts to change in the world of advertising over time, this stock is going to end up being a real dog. Competition is fierce and the barriers to entry are low.
The company is not profitable and yet the IPO is oversubscribed, pricing well above the high end of expectations. This is starting to sound like 1999.
What is all the excitement all about – The odds at Blackjack are much better….