Monday, May 27, 2013

Investopedia: Pandora Goes Up To 11

Seeing the performance of internet stocks like Facebook (NYSE:FB) and Pandora (NYSE:P), I really need to remember to eat my own cooking and actually buy those stocks that I think are undervalued. Since my last writeup in December of 2012, Pandora shares have jumped over 150% as investor worries about monetizing mobile users and staving off competition have eased considerably. For better or worse, there's still enormous uncertainty about the eventual business model for Pandora – meaning that bears can credibly argue that Pandora is overpriced now just as bulls make the case that Pandora is still a buy.

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