Sysco dominates its industry of restaurant supply around the country, but it’s finding out its customers aren’t very hungry. See how David Mamos rates Sysco. Read more...
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Buy, Sell or Hold: Is Sysco Eating Up the Competition?
Buy, Sell or Hold: Soaring Food Prices Signal Sell for Sysco Corp. (NYSE: SYY)
The high cost of food and energy is eating away at companies like Sysco Corp. (NYSE: SYY), the country's largest commercial food distributor.
Indeed, inflation has soaked up the dollar's purchasing power, forcing millions of Americans to slash discretionary spending. Furthermore, the U.S. Federal Reserve, through its lax monetary policy, has been exporting inflation to the rest of world. The resultant price increases in commodities have hit the wallets - not to mention the bellies - of many consumers, including those in the United States.
Making matters worse, global weather patterns last year shifted from El Nino into a La Nina pattern. This has caused rain patterns around the world to change, affecting crop yields in Russia, Australia, and China.
That's why the price of soft commodities used in the preparation of foods has risen exponentially over the past year. It's also why you should sell Sysco.
Indeed, inflation has soaked up the dollar's purchasing power, forcing millions of Americans to slash discretionary spending. Furthermore, the U.S. Federal Reserve, through its lax monetary policy, has been exporting inflation to the rest of world. The resultant price increases in commodities have hit the wallets - not to mention the bellies - of many consumers, including those in the United States.
Making matters worse, global weather patterns last year shifted from El Nino into a La Nina pattern. This has caused rain patterns around the world to change, affecting crop yields in Russia, Australia, and China.
That's why the price of soft commodities used in the preparation of foods has risen exponentially over the past year. It's also why you should sell Sysco.