Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of electronics retailer Systemax
So what: Systemax's revenue rose 8% to $872.2 million but fell short of the $886 million analysts had expected. Earnings per share also improved to $0.42 from $0.25 a year ago. If you exclude special items, which analysts don't include in estimates, earnings per share were $0.29, or just short of estimates.
Now what: This isn't a huge growth business, but the consistent improvement has to be a little encouraging for investors. Despite the earnings miss, I think there is a lot of value in shares that trade at just under 9 times forward earnings estimates. Even if those estimates are revised down slightly, Systemax shares are giving investors a lot of value.
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