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GoDaddy Cancels IPO

     
7:47 pm on Aug 25, 2006 (gmt 0)

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USA Today article [usatoday.com]

Not only is the IPO market in an unreceptive move, GoDaddy CEO thinks analysis are ignoring their large positive cash flow and instead focusing on earnings (or lack thereof). He thinks domain registration accounting methods create a pessimistic view of the company, as revenues are amortized while expenses are incurred immediately.

9:11 pm on Aug 25, 2006 (gmt 0)

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Great decision. Bob knows his stuff, for sure!

PS. If they need funding then they should talk to hedge funds!

[edited by: Chico_Loco at 9:13 pm (utc) on Aug. 25, 2006]

5:54 am on Aug 26, 2006 (gmt 0)

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This announcement was done quite awhile ago, not sure why its just being posted. Agree on the accounting issue, but that's arguably the way in which many similar firms are analyzed.