You don't see that in a company that's focused on internal growth.
They basically have already spent their IPO money.
People will just walk away if they don't have a healthy income statement.
It's a branded company that has been recycled and shuffled between private equity firms. They're a leader in the market, so they're tied to market growth, which is modest.
Their rate of growth is high. A lot about investing is getting in the market segments where the rate of growth is high.
They really busted into the big leagues. And accessing Web accounts over the phone is a good idea.
This is an odd beast overall. There's a lot going against it.
If the business model doesn't work out, then it's bye-bye, Software.net.
This is just a warm-up for a big secondary (offering). If they were serious about selling, they'd sell more than 6 percent.
This is just another in a long series of companies which are raising public money to pay AOL and Yahoo, who end up being the real winners, ... If this company goes public, it will definitely prove my theory that fund managers in general do not read prospectuses.
