Posts for Ticker ‘SYX’

Can Systemax Make Shinola from Circuit City? (SYX)

Circuit City LogoSystemax Inc. (NYSE: SYX) is a lesser-known company for many investors, but that may change after developments from yesterday.  Multiple reports showed that the company won the auction for the rights and property of Circuit City.  Systemax is a direct marketer of brand name and private label products in technology, software, and industrial segments.
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Posted on: May 14, 2009 – 10:10 am in Consumer Electronics, Mergers and Buy Outs, Retail, Turnarounds,

Media Digest 4/14/2009 Reuters, WSJ, NYTime, FT, Barron’s

newspaper12According to Reuters, Ebay’s (EBAY) shares are cheap by many measures but investors are avoiding the company, while Amazon’s (AMZN) are so expensive that investors are concerned.

Reuters reports that the SEC will examine whether Bank of America (BAC) broke the law by failing to disclose Merrill Lynch bonuses.

Reuters reports that Obama will tap the Fannie Mae (FNM) CEO to run the TARP.

Reuters writes that Fed official Fisher says the China will not do anything to hurt the US economy because of the critical bonds between them

Reuters reports that Chrysler creditors may ask for equity in a company that combines it with Fiat.

Reuters reports that Goldman Sachs (GS) beat forecasts and will raise $5 billion to pay TARP obligations. Read More »

Posted on: April 14, 2009 – 2:56 am in Press Digest, , , , , , , , , , , ,