Systemax (SYX): Share price defines bullish 'flag'

Filed under: Earnings reports, Good news, Hewlett-Packard (HPQ), Intel (INTC), Nokia Corp. (NOK), Technical Analysis, Stocks to Buy

Systemax (NYSE: SYX) is a direct marketer of brand name and private label computers, DVDs, TVs, cell phones and related products in North America and Europe. Among the featured items are devices from Intel (NASDAQ: INTC), Hewlett-Packard (NYSE: HPQ) and Nokia (NYSE: NOK). The company also assembles its own PCs and sells then under the Systemax and Ultra brands. An Industrial Products unit carries various material handling equipment, storage equipment and consumable industrial items. A Hosted Software segment markets Web-based applications that help companies manage customers across multiple sales channels. The firm offers over 100,000 items, through nearly 20 catalogs and a dozen Internet sites.

Systemax pleased investors earlier in the month, when it announced Q1 EPS of 52 cents and revenues of $725 million (5/8). Those totals topped year earlier figures by 41 percent and seven percent, respectively. Two sessions later (5/12), management announced a two million share buyback.

Continue reading Systemax (SYX): Share price defines bullish 'flag'

Permalink | Email this | Comments

<map name="google_ad_map_145-1206810"><area href="http://imageads.googleadservices.com/pagead/imgclick/145-1206810?pos=0" shape="rect" coords="1,2,367,28" /><area href="http://services.google.com/feedback/abg" shape="rect" coords="384,10,453,23" /></map>