Jim Cramer Explains Why He Doesn't Like GoDaddy Stock

TheStreet's Jim Cramer says he doesn't like GoDaddy because he doesn't know what's going to get this stock going higher. He says this is a company that has accumulated an endless amount of losses. He thinks this is very reminiscent of what happened last year at this time, of course there are far fewer deals this year, almost 50 percent fewer. Cramer says he likes competitor Web.com better. GoDaddy made its debut on the New York Stock Exchange Wednesday under the ticker symbol GDDY. The stock spiked 30 percent after it started trading. The web hosting service provider is valued at almost $4 million. Cramer warns investors to be cautious with GoDaddy.