This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Pandora Crushes Earnings; AM/FM Radio Officially Dead

NEW YORK ( TheStreet) -- Jim Cramer repeats several key themes almost daily at TheStreet as well as on CNBC's "Mad Money" and "Squawk on the Street."

Among my favorites: Do your homework!

Jim and I take different approaches to what we do, but his Do your homework mantra reigns universal. No matter who you are or what you do -- an individual investor, an analyst, a portfolio manager, a TV personality, a guy who writes several opinion pieces a day, a salesman, a grad student, a great singer/songwriter -- that's the best advice. Do your homework!

Homework looks different for every person and across situations, but, generally speaking, as I interpret Cramer's war cry, it means Do more!

As TheStreet's Chris Ciaccia detailed Thursday afternoon, Pandora (P - Get Report) crushed Q4/year-end earnings. The stock flew, giving back virtually nothing on the news that CEO Joe Kennedy will step down upon the naming of his successor.

So much to say about this and the entire Internet radio space that I have multiple articles up ( See my article history) on the subject. Here we concentrate on the earnings and Kennedy's resignation.

If you watched my TheBeach Meets TheStreet conversation with Pandora Co-Founder and Chief Strategy Officer Tim Westergren, you know that the founders can take credit for the Music Genome Project, but Joe Kennedy came up with the idea -- back in 2004 -- to disrupt traditional AM/FM radio. Under his leadership, Pandora accomplished that goal.

We now live in a world where terrestrial radio is, for all intents and purposes, dead. To be accurate, it's on life support. But, practically speaking, the platform has done nothing but feebly react to what Pandora and a handful of others pioneered -- Internet radio.

Soon, what we have come to take for granted as an option in a car will cease to exist -- the AM/FM dial. It will go away. Give it 10 years. If that. Traditional radio's only chance at semi-survival: More Pandora knock-offs such as Clear Channel's iHeart Radio. Or, hold your laughter, something innovative.


So Kennedy heads out a legend. This is Steve Jobs-level stuff here. Jeff Bezos level. Pandora literally turned an entire space on its ear and now it leads -- alongside Google (GOOG - Get Report), Facebook (FB - Get Report) and Twitter -- the mobile advertising revolution.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
FB $79.34 0.00%
GOOG $532.32 0.00%
P $18.35 0.00%
AAPL $130.05 0.33%
TSLA $248.90 0.58%

Markets

DOW 18,041.54 -190.48 -1.04%
S&P 500 2,104.20 -21.86 -1.03%
NASDAQ 5,032.7510 -56.6110 -1.11%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs