Player Avatar dppxs (< 20) Submitted: 5/17/2012 11:27:02 AM : Underperform Start Price: $6.45 VELT Score: +155.39

Velti is a Greek company (most of staff is located in Athens) with an effort to maintain a US image unsuccessfully; it has a huge OPEX, over-staffed and with minimal profitability margins. The most crucial thing is that it has lost its credibility to its emerging market client as other smaller-faster and more flexible companies have dominated the geographies of emerging markets - actually the only markets that provide good profit margins. Velti has lost momentum in the business vertical that provides the profits.

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