Friday, February 19, 2016

The Bowser Report – Daily Mover Alert February 19

Today, The Bowser Report issued a daily mover alert on Direct Insite (DIRI), which fell more than 15 percent for the day.

Yesterday, we discussed DIRI’s recent 8-K filing which noted that despite attempted negotiations a client (previously announced) will cease using the company’s services beginning February 23. We talked about this before, as we also mentioned the company’s efforts to negotiate with the client.

The filing came through after the market closed yesterday. So, the company was up big despite the bad news. We predicted a sell-off today as a result of the filing, and it happened with DIRI falling 15% on very heavy volume.

Yesterday’s analysis still holds true: “DIRI is in Category 2 with a Bowser Rating of 8. However, only add this stock to your portfolio if you can tolerate the day-to-day volatility and possibility of a poor earnings report after the customer’s contract is up (February 23, 2016)–if DIRI can’t replace the contract in a timely manner.”

To learn more about The Bowser Report, visit https://thebowserreport.com

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