Pandora is down to around the range of its lowest valuation over the past 3 years since it went public. Margins are improving steadily from -10% to -4%. Revenues are growing strongly to $853 million while the market cap is $3.8 billion, which leaves it at 4.45 times sales, which you can see is at the bottom end of its historical valuation zone.
With the stock market at all time highs and this stock sitting on old valuation and technical support, I think it makes sense to give it a try on the long side. Risk 3 ATR's (average true ranges) and look for 3-5 ATR's of profit in the 21-23 range over the upcoming month.
Tim 3:25PM EST 12/5/2014
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