2015-04-02

After 18 Years, Why No Net Income for GoDaddy? (videos)


After 18 Years, Why No Net Income for GoDaddy? GoDaddy CEO Blake Irving discusses the company’s IPO, business and the first day of trading on April Fools' Day, April 1, 2015. He speaks on Bloomberg's “Market Makers.” GoDaddy trades under the symbol GDDY on the New York Stock Exchange (NYSE).

NYSE Group President Tom Farley discusses GoDaddy’s first day of trading and competition for IPO’s. He speaks on “Market Makers.”

Despite the hype and euphoria of the opening day, not everyone is positive on GDDY:

Cramer: Stay away from GoDaddy"Investors should not buy into the hype of GoDaddy's initial public offering, CNBC's Jim Cramer said Wednesday. "I think it's telling that it's not making money," Cramer said on "Squawk on the Street." That's code for 'what the heck are they doing?'" Cramer made his remarks ahead of the Internet domain registrar's IPO.GoDaddy priced its IPO at $20 per share, above the estimated range of $17 to $19. Its opening trade came in at $26.15 per share."

GoDaddy soars on IPO, should you buy? Pros divided: "... for Jason Rotman, president of Lido Isle Advisors, GoDaddy is a "bad investment." He called the stock's performance Wednesday "classic first-day euphoria" and believes it will settle back down around the $18-$20 range. The company's biggest problem, he said, is that it is losing money: $200 million in 2013 and "a little bit less" last year. "Why would anybody invest in a company that is losing hundreds of millions of dollars per year?" Rotman asked. "GoDaddy, in my opinion, has zero moat of safety around their business model. It's only going to get more competitive."..."

see  also: GoDaddy IPO Puts Lipstick on the Pig, Raises $460 million


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