Q: Do we know which large customer did NVEI lose? At what cost?
We often see sell/buy transactions with no divulged details. Being naïve, shouldn’t the investors know these details, when they could impact the financials. Do analysts know more than we do? I’m aware we are talking private companies and their competitors, but it is a bit frustrating.
Thanks for your work.
We often see sell/buy transactions with no divulged details. Being naïve, shouldn’t the investors know these details, when they could impact the financials. Do analysts know more than we do? I’m aware we are talking private companies and their competitors, but it is a bit frustrating.
Thanks for your work.
5i Research Answer:
NVEI has not disclosed this; in its conference call, management said the customer was 'not a good fit' but that sounds like an excuse to us. Companies are supposed to release material news, but are not required to disclose full customer info such as this. The main questions are the size of the customer and whether it was a material event, and WHEN this customer left or had an expired contract.