The IPO was well received today, more than 14 million shares traded. Its CEO who was on CNBC today, came across to me as someone who was quite visionary and answered the questions very well. I like his answer to the question posed to him about the statement in the filing "....the company may never make a profit..." It looked like he was expecting the question when pat came his reply that it was a "legalistic requirement" to have that phrase in there. I would tend to agree with him since nobody would want to be in a business when they are sure that the business would not make any money.
Best of luck to all investors of GOTO |
