that you made that connection (elephantbooks is
my alter ego).
I wasn't expecting a huge run
up in the price after they announced, but I would
have liked to see something. And, I would have thought
that with the nice turnaround in the market this
afternoon, that SYY would have gone with it.
- I love this stock anyway (I've held it for 5
years which is a long time for me). It's no internet
play but where else do you see a chart that, for the
most part, keeps going up and up and up. It's a great
stock to balance out some of the riskier ones.
Babar(alias Elephantbooks) was right. The stock
earnings for the quarter exceeded the consensus estimate
of 33 cents by 2 cents, but the stock dropped 56
cents. Perhaps we will get a delayed upside move
tomorrow. I for one am pleased with the results for this
I read a Buy Recommendation on Sysco Corp. 'SYY'
in the Sterling Investment Services' Professional
Trader's Newsletter today. It had an upper price target of
This newsletter focusses on technical
analysis and is very accurate. The URL for the newsletter
Even if SYSCO is self-insured, that typically
means that a corporation purchases an insurance policy
with a very high deductible which effectively caps its
liability at a predetermined level while it absorbs smaller
losses. If this weren't the case, the loss of the SYGMA
distribution facility to Midwest storms a couple of months ago
would have completely decimated the share
You mentioned that the accident was "a couple of days
ago," and your message was dated 7/23. That should put
the costs associated with the accident in the current
fiscal year which started July 4th. If that is the case,
then there will be zero impact on the August 3rd
earnings report for the fourth quarter.
The dist. center in Savage, MD is being shut down
and folded into the center in Manassas, VA. The VA
facility was ATLANTIC FOODSERVICE about a year ago which
of course was sold to Alliant. As for the Hanover,
MD dist. center, I'm not sure if it is still open or
if it has been shut down. As for Alliant being on
the market, I've been hearing rumors for quite some
time now. I cannot see SYSCO buying unless it is just
the customer base and the inventory; SYSCO doesn't
need more warehouses! Possibly US Foodservice would
make a better suitor but I don't think they have the
cash. By the way, why are you interested in Alliant
and/or the wholesale food business at all?
This will most likely be covered by insurance.
Even if it
wasn't it wouldn't hurt the price of
the stock. As far as
allicance is concerned, i
look for Sysco to continue to look
opportunities. Thats how they have grown.
A couple of days ago, a forklift driver at the
Little Rock SYSCO house gouged a refrigerant line in the
warehouse, and they had to throw away over $3-million worth
What will this do to the earnings
report on August 3rd?