Some Good Trends At Pandora Media
After the close on Thursday, Pandora Media (P) reported some encouraging trends that sparked the stock higher in after-hours trading. The company though continues to lose money questioning the validity of any rally on whether meaningful profits will ever be produced.
The company is a leader in custom-radio internet services.
Even with competitors such as Google (GOOG) venturing into the online radio market, Pandora continues to trade towards the all-time highs around $20 back after the IPO in the summer of 2011. The question is whether this service has a profitable future.
Read the full article at Seeking Alpha.
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