I am back to a sell rating on this stock the impact of another major hurricane will be too much for the market to bear - the market will be down big over the next two-three days and more so next week if the Rita damage is extensive, which it should be. Gas prices spike and folks stay glued to the tube watching the news and not eating out. IMHO SYY warns very soon on sales for the 4qtr.
Your nuts! People can't eat at home, most don't know even know how to cook. They have to buy fast food. Most americans are in mutual funds and won't even see the effect of a down market until their next statement. Wake up man, this is the feel good and party generation. Eat, drink and be merry for tomorrow we die. The borrow and spend generation, learned from the government.
I generally agree that Rita will not impact SYY that much unless there is a direct hit on their facilities. Houston is a huge operation but business can be covered by Austin, San Antonio, Dallas and Beaumont.
Sales make acutally increase as SYY will supply food to all shelters and rescue operations. It may not be the highest margin products but it does push through a ton of inventory. As restaurants come back online, people will use them to "get out of the cabin".
Problem with storms like this is the human factor and acutal physical damage. Rita is going to hit someplace, I just hope the area is relatively unpopulated and that the folks along the coast have evacuated.