Topic: How To Invest

Good day Pat: Could you please give me your opinion on Gogo Inc.?

Article Excerpt

Gogo Inc. $16.77, symbol GOGO on Nasdaq (Shares outstanding: 84.9 million; Market cap: $1.5 billion; www.gogoair.com), offers a service that lets passengers with Wi-Fi-enabled devices get online on Gogo-equipped aircraft. The company offers Internet access on more than 1,900 commercial aircraft and over 6,500 business planes. It charges $49.95 per month or $14 for an all-day pass. Commercial aircraft using Gogo’s service include domestic Delta Air Lines flights and nearly all of the company’s regional jets; all AirTran Airways and Virgin America flights; and select Air Canada, Alaska Airlines, American Airlines, Frontier Airlines, United Air Lines and US Airways flights. Long-term demand for a premium in-flight Wi-Fi service is uncertain. Right now, Gogo’s customers are mainly a small number of business travellers who can pass the cost on to their employers. Gogo first sold shares to the public at $17 and began trading on Nasdaq in June 2013. We generally advise against buying new issues. They come to market when it’s a..