Urban Outfitters, Inc. (URBN): Move Over, iTunes. Wax Is Back!

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While these services are great for their convenience and cost, they don’t offer much of an experience to listeners — or a bargain for investors. Right now you’ll pay a hefty premium for shares of Pandora Media Inc (NYSE:P) (currently 56 times projected earnings).

For investors and music lovers wanting to take action, the best move for the time being may simply be to press “pause.”

Given the plethora of competing options, and a retro trend with serious momentum, technology-oriented music may not be the greatest investment at this time. But at least you’ve got a reason to dust off the old phonograph and be reminded just how sweet it vinyl sounds and why it will never die.

The article Move Over, iTunes. Wax Is Back! originally appeared on Fool.com.

Fool contributor Michael Lewis has no position in any stocks mentioned, and neither does The Motley Fool.

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