Flagg Street Capital Raises Stake in Pomeroy IT Solutions (PMRY), Takes Active Stance With Investment

In a 13D filing on Pomeroy IT Solutions Inc. (Nasdaq: PMRY), Flagg Street Capital LLC disclosed an 8.89% stake (1.11 million shares) in the company. The firm noted they changed their filing status from 13G (passive) to 13D (active).

The firm said since its Schedule 13G filing on September 11, 2006 they have acquired an additional 305,393 of the company's stock.

The firm said they have converted to a Schedule 13D because they intend to engage in discussions with the company's management and Board of Directors related to concerns with the company's continued poor performance relative to its peers and whether the company should explore strategic alternatives to enhance shareholder value.