Topic: Rocking in Neil’s world. | |
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I wonder if Joni Michell is now hearing part of the lyrics to her Bog Yellow Taxi song playing in her head now that she has lost her revenue stream from Spotify.
"Don't it always seem to go That you don't know what you've got 'til it's gone?" For those who made a big deal about how much Young's decision hurt Spotify's stock price and how much it dropped take another look....I did just out of curiosity. The stock price didn't just get back to where it was before Young's music was pulled, it's surpassed that price. But you probably won't hear that from the MSM who were more than happy to report Spotify had a $2-4B "loss". First off Spotify didn't actually have a "loss", there was a decline in market value of the company. Secondly gains or losses aren't realized until a stock is traded/sold and those are incurred by investors, not the company. 1/25 opened at 188.74 closed at 184.06 1/26 opened at 191.47 closed at 175.00-the big decline in market value 1/27 opened at 172.32 closed at 171.36 1/28 opened at 172.60 closed at 172.91 1/31 opened at 180.93 closed at 196.57 I'm not suggesting that Spotify is a good company to invest in long term.....with a -83.74P/E...13.64 Book Value per Share....2.26 Cash Flow per Share and a 52 week low/high of 164.42/387.44 respectively it's too volatile for my money. It might not be a bad play short term investors who tend to be less risk averse.,,,in fact if it was bought on the dip at $175 and sold today there would be a 12% gain in 5 days which would have been an excellent move. |
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so you can carry a tune, dance or catch a ball and somehow that makes you a spokesperson on politics.
If it was Neil Young the bus driver or Joni Mitchell the school cafeteria worker would anyone care what their views are? No..you wouldn't. You would respect their views but that would stop the minute they started forcing them on you. |
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