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Demandware, Inc. Message Board

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  • netstockreader netstockreader Jul 26, 2012 2:29 PM Flag

    12% DWRE customer files for bankruptcy!!

    Just filed clarification that the company in question represented 10% of revenue for the recently completed quarter and they were paid in full.

    Further:

    "The Company has reached an agreement with Neckermann and the preliminary insolvency administrator of Neckermann whereby Neckermann will prepay the Company's base and other subscription fees per the current contract rates on a bi-weekly basis from July 19, 2012 through the balance of the third quarter provided that Neckermann continues to conduct its online retail business."

    http://biz.yahoo.com/e/120726/dwre8-k.html

    So...That leaves the door open for DWRE to collect either around $1.7 Million from this company in the current quarter OR $0 if the client discontinues it's online retail business.

    Basically...

    Odds are they aren't going to collect much of anything from this company that represents 10% of their current revenues.

    See this:

    http://finance.yahoo.com/q/bc?s=DWRE+Basic+Chart&t=5d

    That is called a LOW VOLUME GAP FILL today...after a HIGH VOLUME drubbing ysterday.

    And the CURRENT $23.80 is basically the low end of the 6 Million share IPO day.

    Usually...

    Not a promising setup for longs.

    We shall see.

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60.13-0.11(-0.18%)9:36 AMEDT

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