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To: zx who wrote (1605)	1/3/2007 1:08:44 PM
From: zx	Read Replies (1) \| Respond to of 3145

Saturday, December 30, 2006 SYSTEMAX (SYX) has all that you look for in a good stock COMPANY INFO: SYSTEMAX INC (NYSE:SYX)Systemax's system involves being direct. The company is a direct marketer of computers and related products to businesses in North America and Europe. Through more than 20 catalogs and half a dozen Web sites, Systemax offers more than 100,000 brand-name and private-label items. Systemax also assembles its own computers, which are sold under the Systemax and Ultra brands. Nearly all of its sales come from computers and related products, including personal and notebook computers, printers, hard disk drives, and networking equipment. It also sells industrial products, including items such as forklifts, hand trucks, metal shelving, and first aid items. The Leeds family owns about 70% of Systemax. PROFIT on rise Quarter after Quarter: Gross profit, which consists of net sales less product cost, shipping, assembly and certain distribution center costs, was $259.6 million compared to $221.6 million in the year-ago nine months, an increase of $38.0 million. The gross profit margin was 15.3% in the current period, compared to 14.5% in the year-ago period. The increase in the gross profit margin resulted from a favorable change in product mix, increased internet sales, increased consideration from vendors and reduced warehouse costs for staff and supplies. MANAGEMENT SUPPORT: 71% owned by management LOW FLOAT: Authorized Shares: 150,000,000 Outstanding Shares: 35,174,147 SALES GROWTH: Sales in the third quarter rose 18 percent, to $575 million, compared with the same period last year. Net income was $12.5 million, up from $3.9 million in the year-ago period. On a per-share basis, Systemax reported earning 33 cents, compared with 11 cents in the same quarter last year. Internet sales provided a major boost, accounting for 34 percent of total sales. Sales were up in North America and Europe as well, the company said. Systemax employs about 3,100 people, including 225 on Long Island.