Congressional Hearing Positive for Pandora (P), Will Send Shorts and Apple Packing - Analyst

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Go back to Congressional Hearing Positive for Pandora (P), Will Send Shorts and Apple Packing - Analyst

Pandora (P) Stock a Wimpy But Company Remains Powerhouse in Radio

December 3, 2012 10:33 AM EST

Investors hoping Pandora Media's (NYSE: P) stock would be a winner have been severely disappointed. Apple (Nasdaq: AAPL) recently announced it was launching a competing service, and shares of P declined 30 percent in just 3-months. The company also faces challenges related to royalty rates, which it says are way too high.

On the bright side, Pandora has grown its business into a powerhouse,... More