PCS After syx spent a lot of money custom developing software for their catalog/internet business, they came up with the idea of forming a wholly owned subsidiary with separate management to offer this software to other businesses at much less than the cost systemax had to pay to develop it. The sales process has been slow but continues to move in the right direction. My guess would be PCS still shows a small loss. The potential for PCS is huge as this company could eventually do its own IPO which would greatly increase the value for syx. I believe the stock price does not yet price in this potential.
No, I am usually not available when these activities happen. Also my general philosophy is not to try to change the management of a company. If I don't likethe way a company is run I tend to sell my position and move on. Attending a shareholder's meeting is something I do for enjoyment if i am not busy and it is held at a convenient location.
at Port Washington office and forget proxies, let's all show up at the meeting and ask some very pressing questions. The leeds and goldschein have screwed the shareholders with their incompetent and auto-pilot management style. Their PR activities are disastrous and they show no concern for the public shareholders. In addition to lots of questions about their bumbling,I want to know if the brothers are getting paid for no-show jobs.
Frisco...do you think with the recent sale of the Suawnee facility and renting of the larger building they are considering closing the Port Washington location and setting up in one location? To my knowledge it seems the only logical move..