Intrinsic value of Pandora Media - P

Previous Close

$9.01

  Intrinsic Value

$0.06

stock screener

  Rating & Target

str. sell

-99%

Previous close

$9.01

 
Intrinsic value

$0.06

 
Up/down potential

-99%

 
Rating

str. sell

We calculate the intrinsic value of P stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 2.4

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  2.10
  2.39
  2.65
  2.89
  3.10
  3.29
  3.46
  3.61
  3.75
  3.88
  3.99
  4.09
  4.18
  4.26
  4.34
  4.40
  4.46
  4.52
  4.56
  4.61
  4.65
  4.68
  4.71
  4.74
  4.77
  4.79
  4.81
  4.83
  4.85
  4.86
Revenue, $m
  1,498
  1,533
  1,574
  1,619
  1,670
  1,725
  1,784
  1,849
  1,918
  1,992
  2,072
  2,157
  2,247
  2,342
  2,444
  2,552
  2,666
  2,786
  2,913
  3,047
  3,189
  3,338
  3,496
  3,662
  3,836
  4,020
  4,213
  4,417
  4,631
  4,856
Variable operating expenses, $m
  1,842
  1,886
  1,935
  1,991
  2,052
  2,120
  2,193
  2,271
  2,356
  2,447
  2,536
  2,639
  2,750
  2,867
  2,991
  3,123
  3,262
  3,410
  3,565
  3,729
  3,903
  4,086
  4,278
  4,481
  4,695
  4,920
  5,156
  5,406
  5,668
  5,943
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  1,842
  1,886
  1,935
  1,991
  2,052
  2,120
  2,193
  2,271
  2,356
  2,447
  2,536
  2,639
  2,750
  2,867
  2,991
  3,123
  3,262
  3,410
  3,565
  3,729
  3,903
  4,086
  4,278
  4,481
  4,695
  4,920
  5,156
  5,406
  5,668
  5,943
Operating income, $m
  -344
  -352
  -361
  -372
  -383
  -395
  -408
  -423
  -438
  -455
  -464
  -483
  -503
  -524
  -547
  -571
  -597
  -624
  -652
  -682
  -714
  -747
  -782
  -820
  -859
  -900
  -943
  -989
  -1,037
  -1,087
EBITDA, $m
  -293
  -300
  -308
  -316
  -326
  -337
  -349
  -361
  -375
  -389
  -405
  -421
  -439
  -458
  -478
  -499
  -521
  -544
  -569
  -595
  -623
  -652
  -683
  -715
  -749
  -785
  -823
  -863
  -905
  -949
Interest expense (income), $m
  7
  26
  7
  9
  11
  14
  16
  19
  22
  26
  29
  33
  37
  42
  46
  51
  57
  62
  68
  74
  81
  88
  95
  103
  111
  120
  129
  139
  149
  159
  170
Earnings before tax, $m
  -370
  -360
  -371
  -383
  -397
  -411
  -428
  -445
  -464
  -484
  -497
  -520
  -545
  -571
  -598
  -628
  -659
  -692
  -726
  -763
  -802
  -843
  -886
  -931
  -979
  -1,029
  -1,082
  -1,137
  -1,196
  -1,257
Tax expense, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Net income, $m
  -370
  -360
  -371
  -383
  -397
  -411
  -428
  -445
  -464
  -484
  -497
  -520
  -545
  -571
  -598
  -628
  -659
  -692
  -726
  -763
  -802
  -843
  -886
  -931
  -979
  -1,029
  -1,082
  -1,137
  -1,196
  -1,257

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  910
  932
  957
  984
  1,015
  1,048
  1,085
  1,124
  1,166
  1,211
  1,259
  1,311
  1,366
  1,424
  1,486
  1,551
  1,620
  1,694
  1,771
  1,853
  1,939
  2,029
  2,125
  2,226
  2,332
  2,444
  2,561
  2,685
  2,815
  2,952
Adjusted assets (=assets-cash), $m
  910
  932
  957
  984
  1,015
  1,048
  1,085
  1,124
  1,166
  1,211
  1,259
  1,311
  1,366
  1,424
  1,486
  1,551
  1,620
  1,694
  1,771
  1,853
  1,939
  2,029
  2,125
  2,226
  2,332
  2,444
  2,561
  2,685
  2,815
  2,952
Revenue / Adjusted assets
  1.646
  1.645
  1.645
  1.645
  1.645
  1.646
  1.644
  1.645
  1.645
  1.645
  1.646
  1.645
  1.645
  1.645
  1.645
  1.645
  1.646
  1.645
  1.645
  1.644
  1.645
  1.645
  1.645
  1.645
  1.645
  1.645
  1.645
  1.645
  1.645
  1.645
Average production assets, $m
  247
  253
  260
  267
  275
  285
  294
  305
  316
  329
  342
  356
  371
  387
  403
  421
  440
  460
  481
  503
  526
  551
  577
  604
  633
  663
  695
  729
  764
  801
Working capital, $m
  189
  193
  198
  204
  210
  217
  225
  233
  242
  251
  261
  272
  283
  295
  308
  322
  336
  351
  367
  384
  402
  421
  440
  461
  483
  507
  531
  557
  584
  612
Total debt, $m
  79
  98
  121
  145
  173
  203
  236
  271
  309
  349
  393
  439
  489
  541
  597
  655
  718
  784
  853
  927
  1,004
  1,086
  1,172
  1,263
  1,358
  1,459
  1,565
  1,676
  1,793
  1,916
Total liabilities, $m
  819
  839
  861
  886
  913
  944
  976
  1,011
  1,049
  1,090
  1,134
  1,180
  1,229
  1,282
  1,337
  1,396
  1,458
  1,524
  1,594
  1,667
  1,745
  1,826
  1,913
  2,003
  2,099
  2,199
  2,305
  2,417
  2,534
  2,657
Total equity, $m
  91
  93
  96
  98
  101
  105
  108
  112
  117
  121
  126
  131
  137
  142
  149
  155
  162
  169
  177
  185
  194
  203
  213
  223
  233
  244
  256
  269
  282
  295
Total liabilities and equity, $m
  910
  932
  957
  984
  1,014
  1,049
  1,084
  1,123
  1,166
  1,211
  1,260
  1,311
  1,366
  1,424
  1,486
  1,551
  1,620
  1,693
  1,771
  1,852
  1,939
  2,029
  2,126
  2,226
  2,332
  2,443
  2,561
  2,686
  2,816
  2,952
Debt-to-equity ratio
  0.860
  1.050
  1.260
  1.480
  1.700
  1.940
  2.170
  2.410
  2.650
  2.880
  3.120
  3.350
  3.580
  3.800
  4.020
  4.230
  4.430
  4.630
  4.820
  5.000
  5.180
  5.350
  5.510
  5.670
  5.820
  5.970
  6.110
  6.240
  6.370
  6.490
Adjusted equity ratio
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -370
  -360
  -371
  -383
  -397
  -411
  -428
  -445
  -464
  -484
  -497
  -520
  -545
  -571
  -598
  -628
  -659
  -692
  -726
  -763
  -802
  -843
  -886
  -931
  -979
  -1,029
  -1,082
  -1,137
  -1,196
  -1,257
Depreciation, amort., depletion, $m
  52
  53
  54
  55
  57
  58
  60
  62
  64
  66
  59
  61
  64
  67
  70
  73
  76
  79
  83
  87
  91
  95
  99
  104
  109
  114
  120
  126
  132
  138
Funds from operations, $m
  -319
  -307
  -317
  -328
  -340
  -353
  -368
  -384
  -400
  -419
  -438
  -459
  -481
  -504
  -529
  -555
  -583
  -612
  -644
  -676
  -711
  -748
  -786
  -827
  -869
  -914
  -962
  -1,012
  -1,064
  -1,119
Change in working capital, $m
  4
  5
  5
  6
  6
  7
  8
  8
  9
  9
  10
  11
  11
  12
  13
  14
  14
  15
  16
  17
  18
  19
  20
  21
  22
  23
  24
  26
  27
  28
Cash from operations, $m
  -322
  -312
  -322
  -334
  -346
  -360
  -375
  -392
  -409
  -428
  -448
  -469
  -492
  -516
  -542
  -569
  -597
  -628
  -660
  -693
  -729
  -766
  -806
  -848
  -891
  -938
  -986
  -1,037
  -1,091
  -1,148
Maintenance CAPEX, $m
  -42
  -43
  -44
  -45
  -46
  -47
  -49
  -51
  -53
  -55
  -57
  -59
  -61
  -64
  -67
  -70
  -73
  -76
  -79
  -83
  -87
  -91
  -95
  -99
  -104
  -109
  -114
  -120
  -126
  -132
New CAPEX, $m
  -5
  -6
  -7
  -7
  -8
  -9
  -10
  -11
  -11
  -12
  -13
  -14
  -15
  -16
  -17
  -18
  -19
  -20
  -21
  -22
  -23
  -25
  -26
  -27
  -29
  -30
  -32
  -34
  -35
  -37
Cash from investing activities, $m
  -47
  -49
  -51
  -52
  -54
  -56
  -59
  -62
  -64
  -67
  -70
  -73
  -76
  -80
  -84
  -88
  -92
  -96
  -100
  -105
  -110
  -116
  -121
  -126
  -133
  -139
  -146
  -154
  -161
  -169
Free cash flow, $m
  -369
  -360
  -372
  -386
  -401
  -417
  -434
  -453
  -473
  -495
  -518
  -542
  -568
  -596
  -625
  -656
  -689
  -723
  -760
  -798
  -839
  -882
  -927
  -974
  -1,024
  -1,077
  -1,132
  -1,191
  -1,252
  -1,316
Issuance/(repayment) of debt, $m
  -194
  20
  22
  25
  27
  30
  33
  35
  38
  41
  43
  46
  49
  52
  56
  59
  62
  66
  70
  73
  77
  82
  86
  91
  96
  101
  106
  111
  117
  123
Issuance/(repurchase) of shares, $m
  583
  362
  373
  386
  400
  415
  431
  449
  468
  489
  502
  525
  550
  577
  605
  634
  666
  699
  734
  771
  810
  852
  895
  941
  989
  1,040
  1,093
  1,150
  1,209
  1,271
Cash from financing (excl. dividends), $m  
  389
  382
  395
  411
  427
  445
  464
  484
  506
  530
  545
  571
  599
  629
  661
  693
  728
  765
  804
  844
  887
  934
  981
  1,032
  1,085
  1,141
  1,199
  1,261
  1,326
  1,394
Total cash flow (excl. dividends), $m
  19
  21
  23
  25
  26
  28
  30
  31
  33
  35
  27
  29
  31
  33
  35
  37
  39
  42
  44
  46
  49
  52
  54
  57
  60
  63
  67
  70
  74
  78
Retained Cash Flow (-), $m
  -583
  -362
  -373
  -386
  -400
  -415
  -431
  -449
  -468
  -489
  -502
  -525
  -550
  -577
  -605
  -634
  -666
  -699
  -734
  -771
  -810
  -852
  -895
  -941
  -989
  -1,040
  -1,093
  -1,150
  -1,209
  -1,271
Prev. year cash balance distribution, $m
  275
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  -289
  -341
  -350
  -361
  -373
  -387
  -402
  -418
  -435
  -454
  -474
  -496
  -519
  -543
  -570
  -597
  -626
  -657
  -690
  -725
  -761
  -800
  -841
  -884
  -929
  -976
  -1,027
  -1,079
  -1,135
  -1,193
Discount rate, %
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
  -277
  -312
  -305
  -297
  -289
  -281
  -271
  -261
  -250
  -238
  -225
  -212
  -197
  -182
  -167
  -152
  -136
  -121
  -106
  -92
  -79
  -66
  -55
  -45
  -36
  -28
  -22
  -17
  -12
  -9
Current shareholders' claim on cash, %
  50.0
  35.8
  25.5
  18.2
  13.0
  9.2
  6.5
  4.6
  3.3
  2.3
  1.6
  1.1
  0.8
  0.6
  0.4
  0.3
  0.2
  0.1
  0.1
  0.1
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0

Pandora Media, Inc. (Pandora) is a music discovery platform, offering a personalized experience for each of its listeners wherever and whenever they want to listen to music, whether through earbuds, car speakers or live on stage. The Company delivers targeted messages to its listeners using a combination of audio, display and video advertisements. Its segments include Pandora-Internet Radio Service and Ticketfly. As of December 31, 2016, it provided Pandora service through two models: advertising-supported service and subscription service-Pandora Plus. Pandora is integrated with connected devices, including automobiles, automotive aftermarket devices and consumer electronic devices. Its Ticketfly service is a cloud ticketing platform for live events. It operates ticketing service through its subsidiary, Ticketfly, a live events technology company that provides ticketing and marketing software and services for its clients, which are venues and event promoters, across North America.

FINANCIAL RATIOS  of  Pandora Media (P)

Valuation Ratios
P/E Ratio -6.2
Price to Sales 1.5
Price to Book 3.8
Price to Tangible Book
Price to Cash Flow -11.6
Price to Free Cash Flow -7.8
Growth Rates
Sales Growth Rate 19%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 181.3%
Cap. Spend. - 3 Yr. Gr. Rate 25.4%
Financial Strength
Quick Ratio NaN
Current Ratio 0
LT Debt to Equity 61.7%
Total Debt to Equity 61.7%
Interest Coverage -48
Management Effectiveness
Return On Assets -27.7%
Ret/ On Assets - 3 Yr. Avg. -16.3%
Return On Total Capital -36.6%
Ret/ On T. Cap. - 3 Yr. Avg. -21.3%
Return On Equity -52.9%
Return On Equity - 3 Yr. Avg. -28%
Asset Turnover 1.1
Profitability Ratios
Gross Margin 35.4%
Gross Margin - 3 Yr. Avg. 40.1%
EBITDA Margin -19.9%
EBITDA Margin - 3 Yr. Avg. -11.4%
Operating Margin -23%
Oper. Margin - 3 Yr. Avg. -13.6%
Pre-Tax Margin -24.8%
Pre-Tax Margin - 3 Yr. Avg. -14.2%
Net Profit Margin -24.8%
Net Profit Margin - 3 Yr. Avg. -14.2%
Effective Tax Rate 0%
Eff/ Tax Rate - 3 Yr. Avg. 0.2%
Payout Ratio 0%

P stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the P stock intrinsic value calculation we used $1466.812 million for the last fiscal year's total revenue generated by Pandora Media. The default revenue input number comes from 0001 income statement of Pandora Media. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our P stock valuation model: a) initial revenue growth rate of 2.1% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for P is calculated based on our internal credit rating of Pandora Media, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Pandora Media.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of P stock the variable cost ratio is equal to 123%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for P stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 9.5% for Pandora Media.

Corporate tax rate of 27% is the nominal tax rate for Pandora Media. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the P stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for P are equal to 16.5%.

Life of production assets of 5.8 years is the average useful life of capital assets used in Pandora Media operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for P is equal to 12.6%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $152.678 million for Pandora Media - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 266.319 million for Pandora Media is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Pandora Media at the current share price and the inputted number of shares is $2.4 billion.

RELATED COMPANIES Price Int.Val. Rating
GOOGL Alphabet Cl A 1,071.05 2,744.29  str.buy
MSFT Microsoft 107.28 189.75  str.buy
LYV Live Nation En 54.50 53.08  hold
NFLX Netflix 290.06 364.74  hold
EBAY eBay 28.17 54.88  str.buy
CMCSA Comcast Cl A 38.49 50.58  buy
AMZN Amazon.com 1,619.44 2,694.69  buy
AAPL Apple 191.41 344.94  str.buy

COMPANY NEWS

▶ [$$] Spotify, Pandora Turn to Podcasts for Listeners, Profits   [Nov-18-18 07:30PM  The Wall Street Journal]
▶ John Paulson's Top 5 Buys of 3rd Quarter   [Nov-15-18 05:12PM  GuruFocus.com]
▶ [$$] Resignations rock Theresa Mays government   [05:50AM  Financial Times]
▶ Why Did Pandora Media, Inc. Shares Drop 10% in October?   [Nov-10-18 03:19PM  Motley Fool]
▶ Pandora: 3Q Earnings Snapshot   [04:19PM  Associated Press]
▶ Pandora Stock Surges on Q3 Earnings Beat   [04:18PM  InvestorPlace]
▶ Pandora Reports Q3 2018 Financial Results   [04:01PM  Business Wire]
▶ [$$] Serbian PM remains cautious on Kosovo peace settlement   [Nov-04-18 01:00AM  Financial Times]
▶ Is Sirius XM Holdings Inc. a Buy?   [Nov-03-18 02:19PM  Motley Fool]
▶ [$$] What the Sirius-Pandora Merger Will Mean   [10:42PM  The Wall Street Journal]
▶ Sirius XMs Purchase of Pandora Just Got One Step Closer   [Oct-24-18 04:11PM  Barrons.com]
▶ 3 Great Stocks Under $10   [Oct-20-18 08:34AM  Motley Fool]
▶ Sirius XM Investors Better Thank Amazon   [Oct-19-18 08:19AM  Motley Fool]
▶ Four Reasons Why Snap Stock Will Rally in the Near Future   [Oct-18-18 06:00AM  InvestorPlace]
▶ Apple isn't buying Asaii, but did hire its three founders, new report says   [Oct-15-18 10:41AM  American City Business Journals]
▶ Infographic: 10 Years Of Spotify   [Oct-13-18 12:10PM  Benzinga]
▶ Sirius XM raises dividend by 10%   [04:29PM  MarketWatch]
▶ WeissLaw LLP Investigates Pandora Media, Inc.   [Oct-05-18 12:11PM  PR Newswire]
▶ Tiger Legatus Capitals Returns, AUM, and Holdings   [Oct-01-18 09:15AM  Insider Monkey]
▶ Why Sirius Wants Pandora   [Sep-28-18 08:00PM  Barrons.com]
▶ SiriusXM: Is Pandora a Good Acquisition?   [01:49PM  GuruFocus.com]
▶ The Music Modernization Act, Explained   [Sep-27-18 12:52PM  Benzinga]
▶ Pandora founder weighs in on SiriusXM's buyout   [Sep-26-18 07:29PM  CNBC Videos]
▶ Asian stocks lower on US-China trade worries   [12:49AM  Associated Press]
▶ Asian stocks lower on US-China trade worries   [12:49AM  Associated Press]
▶ [$$] Sirius XM to Buy Pandora in Bet on Streaming Music   [12:33AM  The Wall Street Journal]
▶ [$$] Pandora: Sirius consideration   [Sep-24-18 10:47PM  Financial Times]
▶ SiriusXM presses play on deal with Pandora Media   [06:39PM  Associated Press]
▶ How Sirius Plans to Integrate Pandora   [06:30PM  Bloomberg Video]
▶ How Sirius Plans to Integrate Pandora   [06:30PM  Bloomberg]
▶ Pandora says its Atlanta expansion will continue after SiriusXM deal   [06:21PM  American City Business Journals]

CONTACT US       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.