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Sysco Corporation Message Board

  • onthebleachers onthebleachers Aug 14, 1999 10:50 AM Flag

    Sysco - Market Share

    Sysco's market share is growing and as we all no
    they control the largest portion already. Alliant is
    struggling and Sysco is taking advantage of this in a large
    way.

    The next quarter will be one of the best Syco has
    seen. I deal with both companies daily and I own LOTS
    of Sysco stock, Alliant's days are very cloudy.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I also use the SYY DRIP but as another post
      suggests, I don't send any money. Many big companies who
      should know better like Lucent have chosen to front-load
      the DRIPs as little profit centers rather than
      long-term builders of shares that "don't float" and as such
      contribute materially to share price increase by reducing
      the volatile supply. It would be hard to find more
      predictable long term holdings than SYY and AUD but you must
      assess these in terms of outperforming the S&P 500. If
      your choices don't outperform it, you might as well
      have bought an index and grown a beard. Skip sending
      SYY money and just buy $1000 at a time from one of
      the online brokers, then xfer out the SYY to e-trade
      and ask e-trade to issue a certificate ($5).

    • With Ameriserv and others having financial
      problems look for more high profile customers to start
      looking the SYY way. National contracts like Wendy's are
      few and far between, but there are many regional
      chain opportunities out there. This is a market in
      which our friends in Houston excell. The factors that
      led Wendy's to leave IDI (bought by Ameriserv) will
      cause others to go looking too. Not that SYY is
      guaranteed the business, but the fruit on the tree is ripe,
      and these guys come to play.

    • After the big oil companies report earnings next month, I may just cash out my TX drip and use the proceeds for the SYY drip.

    • I've had these guys in my portfolio for 6+ years
      and couldn't be happier. The really nice thing is
      that I don't have to watch them everyday. They are a
      stock that you can buy and not have to worry about
      them, especially when the market takes a down turn.
      Everybody has to eat. Watch for them to become a bigger
      player in the CAB market with the aquisition of Buckhead
      Beef and Newport Beef. The "center of the plate" was
      probably the only area where they were somewhat
      lacking.

      Good luck to all.

    • Sysco is a good long term investment. Over the
      years my shares have shown good appreciation. The stock
      sometimes pauses over a series of months and then takes off
      again. It is now near its all time high and I feel that
      you will be well rewarded if you buy and hold this
      stock over the long haul. You are correct in assessing
      that it is not a go-go stock. The addition of the
      Wendy,s account has also been positive.

      With
      regard to the DRIP, the dividends are invested free of
      charges, but service charges are assessed if voluntary
      contributions are made. I do not invest in the DRIP through
      voluntary cash payments, but if they would allow
      stockholders to make voluntary contributions free of fees, I
      would purchase more shares through the DRIP than just
      through the reinvestment of dividends.

    • I work in my school's cafeteria. I noticed that
      everything that we serve is SYY. I am just starting out, so
      I dont have a lot, but I just got 10 shares today.
      Looking forward to seeing it in 50 years when I retire.
      Why dont more people know about this stock? It has a
      great history, it is everywhere, and we use it every
      day!!! This stock will also not disappear because two
      college drop outs in their garage invent something that
      makes SYY entirely irrelevant.

      They need a free
      DRIP though- those service fees stink.

    • ... It's been rumored for a couple of years now
      that Alliant is searching for a buyer or two. It has
      not been a secret at all that Alliant has struggled
      since its buyout from Kraft Foodservice a few years
      back.

      The management group behind the Alliant buyout has a
      history of purchasing undervalued performers, managing
      them for a few years, and then selling the business at
      a profit. Unfortunately, profitability has been
      touch and go at Alliant.

      There is a delicious
      rumor floating around amoung the companies which supply
      SYSCO, Alliant, and US Foodservice. The rumor has it
      that Alliant will be broken up and parts of it
      absorbed into both US Foodservice and SYSCO. Just a rumor,
      mind you, but it does make a great deal of business
      sense from the standpoint of all three involved
      companies.

      Anyone else hear rumors to this effect???

    • We're all gonna eat. The trend to eat out is increasing as competition in retail escalates. SYCO good steady long term growth. JJ

 
SYY
36.97+0.02(+0.05%)Jul 11 4:01 PMEDT

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