John Leonard, CFA
Special situations, micro-cap, contrarian, CFA

Speed Commerce: Transition From Distribution To E-Commerce Is An Overlooked Catalyst

Company overview

Speed Commerce (NASDAQ:SPDC) provides e-commerce and distribution solutions to retailers and manufacturers in the apparel, communications, consumer products and consumer electronics/accessories (CE&A) industries through two segments.

The e-commerce and fulfillment services segment provides web platform development/hosting, customer care, fulfillment, order management, logistics and call center services.

The distribution segment distributes computer software, consumer electronics, accessories and video games as well as provides vendor-managed inventory and internet-based ordering services. Also included in this segment is its proprietary software business (Encore) focused on the personal productivity, education, family entertainment and home/landscape architectural design categories.

In September 2013, Speed Commerce changed its name from Navarre.


Uncertainty at key inflection point creates asymmetric opportunity

In less than five years,...

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