NEW YORK ( TheStreet) -- In case I haven't given it away in my writing, I'm not a big fan of most Wall Street analysts. So, right off of the bat, you and I (assuming you're not a Wall Street analyst) have something in common. Though, I understand many of those cats are self-hating anyway.Nevertheless, the ones who are good (and there are many dozens) are damn good. Tony Wible, who covers Netflix ( NFLX) for Janney Montgomery Scott. Great example. It's also tough not to like Richard Tullo, who covers Pandora ( P), among other stocks, for Albert Fried. Watch Tullo's Tuesday appearance on CNBC, where he does two excellent things we do not see enough on television or read as much as we should in print and online. Number one. Tullo tells CNBC, Listen, Pandora is a great company, but it has run like 65% off of its lows. We would be nuts not to take profits; as such, we'll advise our clients to do the same. See,
I hope Tullo gets called in to testify in front of Congress. Of course, they will not call me, but, if they did, I would be there in a heartbeat. To defend not only Pandora, but Spotify as well. Make no mistake, if you defend Internet radio companies, you are standing up for musicians and consumers of music. That puts you at odds with the record labels.
The company, however, can't juggle too many balls in the air at once with the royalty situation going forward undecided. Congress needs to deal with it this year, pre-emptively, so we can get on with business and bust the broken model the record labels so desperately wish to hold onto. Follow @rocco_thestreet -- Written by Rocco Pendola in Santa Monica, Calif.