Forbes.com Says SELL your Audible Stock!

While browsing the Forbes Website, I stumbled upon an interesting little article Title ‘Podcasting, A Growing Threat to Audible’. This title was intriguing but not nearly as much as the article was to me. From what I gather, a stock research group did a study and was suggesting a “sell” rating for people owning the Audible stock.

Standard & Poor’s Equity Research reiterated a “sell” rating on Audible (nasdaq: ADBL – news – people ), noting that “podcasting constitutes a growing threat” to the company, “particularly its Periodicals and Radio and TV categories.”

I guess the announcement that iTunes would support podcasting was a big blow (in the researchers minds) to Audibles business model and that podcasting could potentially ruin that company.

Read it all on The Forbes.com Website

Share this post

Share on facebook
Share on google
Share on twitter
Share on linkedin
Share on pinterest
Share on print
Share on email