Is GoDaddy a Value Stock?
Almost every business owner with a website has heard of (NYSE: GDDY). It's the world's largest website registrar and generates annual recurring revenue from numerous businesses that keep their domain names. Companies only stop paying this expense when they're out of business, which makes GoDaddy's revenue predictable.
However, there is meaningful growth hidden behind the overall results, and a 35% year-to-date dip has turned the company into an underrated value stock.
Image source: Getty Images.
Source Fool.com
