Valuentum’s RJ Towner took to the virtual pages of Seeking Alpha to express concern about the prospects of iconic internet audio platform Pandora, echoing an earlier assessment from Motley Fool. Lurking ominously in both reviews: iTunes Radio.
Towner suggested that the $25 per share Pandora was getting in a recent sale was more than the company is worth, saying that it wasn’t being done to take advantage of pricing but rather because the company is still burning cash.
