Tuesday, June 30, 2009

LogMeIn's IPO's current price range a clear discount...

See ‘compare & contrast’ in pre-IPO report below. LOGM compared with other on demand software companies including Salesforce (CRM), Netsuite (N), SuccessFactors (SFSF)

LOGM Pluses
. 5 sequential quarters of increasing top line revenue
. Recurring revenue base with 80% renewal rate
. high gross margin, net profit margins increasing on a quarterly basis
. Less expensive customer acquisition model than major competitors
. High rate of customer acquisition

Negatives
. Relies on a combination of copyright, trade secret, trademark and other rights
read more in pre-IPO report
http://gaskinsco.com/linkto-logm.shtml

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