The case for & against
Bull & Bear analysis
Bearish
Determine, Inc. (DTRM) was a software company specializing in procurement and contract lifecycle management solutions. However, after being acquired by Corcentric, Inc. in April 2019, it ceased to operate as a publicly traded entity, and announced its plans for winding up, liquidation, and dissolution. This acquisition has effectively rendered Determine, Inc. inactive in the market, eliminating its presence as a competitor within any sector.
Bull says
- ↑Ceased trading after acquisition by Corcentric in April 2019
- ↑Technology and contract management services fully absorbed by Corcentric
- ↑Determine’s customer base transitions enhance Corcentric’s market share
- ↑Acquisition underpins continuity for 100% of legacy clients
- ↑No standalone financials; value now embedded within Corcentric’s earnings
Bear says
- ↓Determine ceased as public entity post-acquisition in April 2019
- ↓No revenues, EPS, or FCF available since liquidation
- ↓Balance sheet metrics moot; all assets transferred to Corcentric
- ↓Lack of tradable equity eliminates liquidity and valuation metrics
- ↓Investors must evaluate Corcentric for any procurement exposure
- ↓Competitive risks irrelevant—Determine no longer operates