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Sysco Corporation Message Board

  • born2win_2000 born2win_2000 Apr 1, 2009 12:12 AM Flag

    It's time to buy/add SYY

    very low down side and potential for a big upside from here. Also get paid a nice yield to wait

    Best of luck

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    • rjerry855@sbcglobal.net rjerry855 Apr 23, 2009 6:31 AM Flag

      Bumping this thought to the top.

      Reasonable value, industry leader, dividend. And a place to wait in a stormy market.

    • The company hedges fuel oil prices for its trucks. It had bad luck last year when it hedged at prices that are high by current standards, that situation will reverse on July 1.

      Stress in the restaurant business will likely benefit SYY, which could get some bargains in distressed jobbers.

      It's hard to see many headwinds for this stock when restaurants recover.

    • Cheap only lasts for a short time...quality endures...
      I think there are bumpy roads ahead for the foodservice sector

    • wow check out insider buying march 31 shoooooo

    • We’ll see some weeding out,” he said one recent lunch hour, sitting in a near-empty Applebee’s dining room overlooking 42nd Street. Noting a restaurant above him and another across the street, he said, “One of the three of us is not going to be here.”

      Mr. Tankel’s fears are shared by many analysts and consultants, who say that a decades-long expansion produced too many restaurants even for a good economy, let alone the worst malaise since the Great Depression.

      Since 1990, the number of restaurants and bars has grown to 537,000 from 361,000, a 49 percent increase, according to the National Restaurant Association. Population in the United States grew 23 percent in that period.

      Amid the seeming prosperity of a credit-fueled era, people got in the habit of eating more and more of their meals out. The association’s statistics show that 48 cents of every food dollar is now spent at restaurants, compared with 40.5 cents per dollar in 1985.

 
SYY
50.74+0.52(+1.04%)Jun 30 4:01 PMEDT