GTSI is a company I’ve been following on this site here, here, here, here and here. Their new CEO, Sterling Phillips, recently gave an interview with Washington Technology that gives some insight into his background and his goals for the company.
Talk to Frank about GTSI
Frank Voisin
http://www.frankvoisin.com
Q: One rumor is that you have come in to get the company in shape for sale. Your background includes leading Analex Corp. when it was sold to QineteQ North America in 2007. Any truth to that rumor?You can read the Part 1 of the interview here and Part 2 of the interview here. It is worth a read for anyone interested in this company.
Phillips: There is no plan or intent, and I have not been given any mission to sell the company. No. The only reason I won’t give you a blanket “no” is because we’re a publicly traded company. We operate in the interests of our shareholders. I have been in a situation before where, despite the desires of management or how well things are going in the board, etc., an offer came along that from a fiduciary point of view said is really in the best interests of the shareholders, so you go off and do it. So, there is no initiative at all under way by the company to sell the company. But as a public company if someone came in and made a rich offer that was clearly in the best interests of our shareholders, we’d have to seriously entertain that. But we think there is a good opportunity to grow this business and grow the share value. We don’t believe that the current share price, which the last time I looked was around $4.75, is reflective of the current intrinsic value of the business or the potential we could drive over the next two to four years if we execute our strategy.
Talk to Frank about GTSI
Frank Voisin
http://www.frankvoisin.com
