Re: A couple of questions????
How many shares do insiders currently hold? I know there are 9.1 million shares outstanding, but am interested in the actual float.....
Insider holdings are substantial. Look up the latest proxy statement on EDGAR. Also read the thread as there are a few posts on this issue as well.
Also, are there any NEW products in the works?...
One product, the Monarch Data Warehouse, is supposed to be shipping in July. This brings Monarch from being single user productivity s/w to being an enterprise-wide solution, and, in many cases, a very appealing alternative to data warehou$ing. Take a look at DWCH's white paper on the subject
One last thing....First Call Consensus Estimates on E*Trade currently show an eps of .72 for 1997, and on StockSmart the 97 eps estimate is .36 ...would'nt either of these be nice!
Yeah it would :-) Unfortunately the First Call eps is very old. Actually I never heard of .72 but .50 or .60 for FY 97 was bandied about this same time last year. Instead DWCH lost its momentum, largely IMO due to Monarch 3.0 coming out late, and transformation of Monarch to enterprise-wide solution as opposed to killer productivity app that easily sold itself via direct mail. See "cons" below wrt eps
Monarch is not DWCH's only product: help desk s/w, well-positioned Mac antivirus & n/w s/w as well. OTOH, the help desk s/w (Quetzal) does very well in Europe (DWCH acq. UK developer) but US version (Q-Support) not selling well in US amid competition. Visit the website datawatch.com
I've just began researching this company so give me some time....it looks like a steal to me......(I know many of you bought in at much higher prices so I will be careful, but this looks like a good company)...
Well I for one have a large position at 3 11/16, or appx 1x FY96 revenue, which I _thought_ was a silly valuation already. But last qtr DWCH preannunced flat revenue due to Monarch not selling itself anymore.
Pros:
Diversified s/w offerings, no "one trick pony" s/w company here
Low valuation of 0.8x FY96 revenue, 15x FY96 eps of .18 (excludes .05 acq. chgs for Workgroup Systems, UK developer of Quetzal)
Monarch is a unique offering with no direct competitor, next- generation of enterprise-wide Monarch-based products coming out
Quetzal, Euro version help desk s/w, apparently #1 in Europe, selling very well
Cons:
Differing s/w prod's also a con; no synergy between many prod's means higher SG&A costs (however, favorable R&D exp structure; Monarch developers are outside co. & paid by royalty)
String of underperforming quarters since QE 6/96; apparent problems forecasting revenue
Company targeting exceeding FY96 eps of .13, but that includes .05 acq charges. They have to do MUCH better than that!
Management called into question after "stale Monarch promo materials" explanation for low Monarch revenue last quarter; see press release on website
Underperformance due primarily to Monarch (as individual productivity tool) becoming a mature product; must define new selling strategy for Monarch as enterprise-wide product
Q-Support, US version of Quetzal help desk, not selling well amid plenty of competition (Remedy, many others)
Virex (for Mac) performing well, but Mac market in probably permanent decline
NetOctopus not meaningful contributor to revenue
Well, that is my stab at a level headed, no-hype analysis of DWCH at this time. Good luck all. |
