How Pandora could become a $70 stock (in a few years)
Before we begin today’s regularly scheduled blog post, I would like to point out something important about the Pandora IPO situation that no one seems to have noticed: Except for costs associated with the process of going public, Pandora is profitable — and has been for the past year and a half!
According to the quarter-by-quarter level detail in their most-recent S-1 filing, Pandora was profitable on an operating basis (i.e., approx. EBITDA, and…
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