SYX - Small Cap Systemax Is Streamlined and Ready to Grow
Systemax (NYSE: SYX) may not be on your radar yet. But this small-cap industrial products distributor to small and medium-size businesses has used 2019 to reposition itself and focus on a new path to growth. A new CEO and the final divestiture of its overseas business could lead to strong sales gains.
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While peer industrial suppliers Fastenal (NASDAQ: FAST) and MSC Industrial Direct (NYSE: MSM) may be more recognizable names in the business, Systemax distributes private-label and brand-name equipment and supplies under the somewhat more familiar name Global Industrial. But with market capitalizations of over $20 billion and over $4 billion for Fastenal and MSC, respectively, both are much bigger players in the business of industrial product supply.