Stocklemon Reports on Systemax (NYSE:SYX) Part II


If there is one thing that Republicans and Democrats, short and shareholders, and people of all races and religions can agree on is that we all hate rebates.  Systemax has built a business based on rebates.  Yet the dependence of its business model on this dubious practice is not fully disclosed to the investing public.

In October of 2006, Stocklemon reported on Systemax, as we were concerned about their late filing and the possible red flags at the company.  Within the report we touched on a subject that we believe now has become the elephant in the room.

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