3 Reasons I Just Bought Pandora Stock
It's fair to say that Pandora (NYSE: P) is out of favor these days. The digital-music pioneer hit all-time lows earlier this week, after posting uninspiring quarterly results. With its user base gradually shrinking, it's easy to see why investors are steering clear of the former market darling.
Some say you'd have to be crazy to buy into a company with reeling fundamentals, but that's exactly what I did a few days ago. I became a Pandora shareholder early last week. I'm not in denial. I know that Pandora's going through a rough patch, and with losses widening for the fifth consecutive year, a turnaround doesn't appear to be coming anytime soon.
So let me go over a few of the reasons I chose to buck the conventional wisdom by adding Pandora to my portfolio.
Source: Fool.com
