Cannell Capital Presentation On TeleCommunication Systems
Cannell went active on TeleCommunication Systems ($TSYS) in 2012 and since then shares are up 63%. However, Carlo Cannell wants more. Note that Carlo's Cannell Capital got notoriety last year after going active at Jim Carmer's TheStreet.com and sending Jim a letter taking him to task over indulgences like perfumed sedan drivers.
Cannell owns 5.7% of TeleCommunciation Systems, the $200mm market cap wireless tech company.
Carlo released a presentation today taking the company to task over the “destruction of shareholder wealth.”
This is the second release (Part II if you will) of a 60-page presentation that Cannell is rolling out in stages. The latest presentation is 16 slides.
Notable slide below [full presentation here]